Series 65 Exam Prep Practice Test 2 TestGeek EXPLICATION

[@Series7Guru]

TestGeek website 20% off Guru20 www.testgeekexamprep.com/ TestGeek Series 65 video Intro kzbin.info/www/bejne/bKe6kJaEr7WUisU

[@oscarmaldonado209]

Hey Dean! I just passed my Series 65 a couple hours ago, thank you so much for these breakdowns of Brian’s practice exam and also your 60 minute videos! I used the same approach for the 7 and passed 2 months ago and now I just passed my series 65. Thank you!

[@Series7Guru]

Kudos on your testing victories! Time to put those registrations to work. We always find it very gratifying when our content contributes to testing victories like yours.

[@anseljeffries1887]

Dean, I’ve been waiting my turn to post one of these: Your videos are a huge reason as to why I passed my 65! Thankful for all the work you put in and information you provide for people!

[@Series7Guru]

Kudos!!! The 65 is a beast. Always very gratifying to contribute to test taking victories like yours.

[@Garrhart]

Watched this both on desktop and mobile, both were clear and helpful Dean

[@Series7Guru]

Glad to hear you found it helpful.

[@hankhargraves2359]

I can view on phone and computer... I use both... both are easy to view and hear.. thanks

[@Series7Guru]

Thx

[@loriwilkinson6063]

Hello! I truly appreciate these explications. I have been taking Kaplan tests//quizzes ad nauseum and am not getting the scores I want. These tests feel easier and more relaxed, which I am hoping is the ego boost I need. Taking the 65 for my second time on the 27th...Will watch Explication 3 and take more quizzes, I am not going to fail this one! Thanks for taking the time, it really is appreciated!

[@Series7Guru]

You got this! Sending you good test vibes!

[@DavidQuinlan-u5n]

Lori - how did you do on the 2nd round?

[@Finance-un8ob]

Hi Dean, you are the GOAT. Just a quick note, question #6 should be Semi-Strong because it doesn't mention insider information. Thank you so much for this!

[@Series7Guru]

I will review it.

[@blackboycrypto1268]

Shout out to Dean!! I passed my 65 today! I was like “too long to be wrong” on like 10 questions 😂

[@Series7Guru]

Kudos on slaying that 65 dragon!

[@blackboycrypto1268]

@@Series7Guru yessirski thanks again!! Have a good day!

[@billyd1107]

I passed my Series 65 This week. I really appreciate the Dean Tinney and TestGeek Videos

[@Series7Guru]

Kudos on slaying the NASAA dragon. Always very gratifying to me and Brian when our videos contribute to test taking victories like yours.

[@relaxandstudy2686]

Thanks for another great video. I watch your expletives on my phone while I’m at the gym. You are like an audio book or podcast. (:

[@Series7Guru]

Thanks for the input. I am trying to remember that some are just using audio and may be on a smaller device.

[@teresitad9516]

Hello, please continue with the explications I purchased test geek class in november and using kaplan this video was a very nice walk thru of the final test. I liked the extra information in your dialogue it helped connect information I have in my brain. I took my 65 on december 19th and failed. I am so glad I found you.

[@Series7Guru]

Will do. Watch out 2023 here we come!

[@Sam-bg5bj]

I just finished this exam, I got an 84%. Sitting in a week and a half for the 65... getting nervous. Plan to take the newly uploaded Kaplan exam next week. Thanks Dean!

[@Series7Guru]

That score indicates that you are not at risk

[@mustachemike84]

Did you pass?!?!?!

[@Sam-bg5bj]

@@mustachemike84 yes!

[@trevorramos8616]

Number 92 is such an crazy question man. Who knew you could put gold coins minted by the US Treasury into an IRA!

[@demiyan7551]

You are indeed an angel

[@jonmatlock7706]

Hi Dean, I just passed my Series 65 on my first try! Your videos and Brian's course were extremely helpful for me. Thank you so much!

[@Series7Guru]

KUDOS on passing your Series 65 exam!!! 65 is a beast. Brian and I always find it gratifying when our content contributes to testing victories like your.

[@b-man1232]

Congrats! What materials did you use?

[@jonmatlock7706]

@@b-man1232 Thanks! I used Securities Institute of America, which I don't recommend. Their material isn't well organized and the videos were overloaded with stuff you don't really need to pass the test. Plus, their customer service is terrible. So I started using Kaplan's Q-bank, Brian Lee's TestGeek materials, and of course Dean's free KZbin videos. I started looking into other material in case I failed, and a lot of people seem to do well with Kaplan or STC and using TestGeek to supplement. Good luck!

[@b-man1232]

@@jonmatlock7706 - THANKS!!!

[@Andrew615Boro]

Taking the series 65 tomorrow! Great timing on this video! Watched the other test explanation earlier today.

[@Series7Guru]

Sending you good test vibes. Check in afterwards.

[@akanshtalksmoney4228]

take my exam this afternoon. Scored an 81% on this exam and my achievable exams average in the 85s. While listening to your 60 minutes, I knew every concept you talked about. This is the second time i take it hopefully i pass!

[@Series7Guru]

You got this! Circle back with your testing victory.

[@akanshtalksmoney4228]

@@Series7Guru I am circling back with a PASS!

[@Series7Guru]

@@akanshtalksmoney4228 kudos Investment Advisor Representative!

[@ChristianCrawford-o3g]

passed. this video saved my life last minute

[@Series7Guru]

Kudos Investment Advisor Representative! Agreed. This video is spot on!

[@xyyang1120]

Thank you Dean! I finally passed the exam today on my second attempt. Truth appreciate your great lecture and it was very helpful!

[@Series7Guru]

KUDOS Investment Advisor Representative!!!!!

[@trevorramos8616]

Just finished this explication. Thank you so much! My exam is tomorrow. I’m going to summon the energy to take Exam FX’s guarantee exam. My test is in the afternoon. See you guys on the other side.

[@Series7Guru]

Sending you good test vibes. Get a good night sleep. Be confident in yourself and most important be confident in your answers. You got this!

[@trevorramos8616]

@@Series7Guru I got a 71% Dean. But I wouldn’t of made it this far without you

[@Series7Guru]

@@trevorramos8616 damn. That hurts for sure.

[@LoganJohnston-rn6dn]

Hey Dean! Question 93 around the 1:42:00 mark... I answered B (72 hrs), but the PDF said that A (24 hours) is correct. The explanation is "checks received made out to a third party must be forwarded to the third party within 24 hours. Funds or securities must be forwarded within 72 hours.". In my head, 72 is still correct and I do not understand why it would be 24.

[@Series7Guru]

It is 72 hours

[@Spyce77]

Hey Dean! just letting you know on question #6 - on test geek's answer sheet the answer is B. You put C in this test. Just wanted to make you aware of that, thank you for everything that you do!

[@Series7Guru]

Thx

[@davidmoffat33]

I'll add that that #6 is a terribly worded question. If fundamental analysis is USEFUL information, then the answer should actually be A, weak.

[@Series7Guru]

@davidmoffat33 take it up with the TestGeek

[@davidmoffat33]

Not your fault guru; you are the man! Thanks for all you do!@@Series7Guru

[@BrianMerrigan-vr1zx]

Thank you & found it very useful!

[@Series7Guru]

Glad you found it helpful

[@laramariapinsilva8613]

Hi Dean, took my series 7 exam today and literally failed by one question 😩. But wanted to thank you anyway for all the content and knowledge that you have been sharing so far. As far as the test, a lot of very specific questions regarding communication w/ the public and all part 4, exhausting multiple options contract questions, priority allocation provisions completely drove me insane when I saw this subject more than one question, varible annuity, muni's, but in the overall regulation regulation regulation and not much about the most expected topics we have seen lately. Felt the exam was much harder and over complicated than Kaplan Bank questions. Also did great on my practice questions including Test Greek which I used as a boost for my studies. Getting ready for my second round soon. Fingers crossed 🤞🤞🤞

[@Series7Guru]

Damn. Scores like that hurt, for sure. Not knowledge deficit. Some other variable. Did you change answers?

[@laramariapinsilva8613]

@@Series7Guru nope just marked 3 questions for review. But, I rather not change the answers and stick to what I know instead of gambling around them. So for varible annuities a question about annuity refund option upon death of the annuitant. Just very complicated stuff.. Deep deep into the small details running from the big topic subject we're used to focusing more on the daily basis.

[@Series7Guru]

@@laramariapinsilva8613 while fresh print the pdf of the Series 7 Content Outline on the FINRA website and look it over for areas for improvement for your next attempt. Then take 3 or 4 days to refresh or reset.

[@laramariapinsilva8613]

@@Series7Guru got it and thank you!! Definitely doing this 👍👍👍👍👍

[@pablosummers45]

Hey there Dean. #8 should be D. III & IV. Treasuries don’t carry credit risk or liquidity risk. Thanks for everything!

[@pablosummers45]

It looks like III actually has an I typo before it, which caused the error.

[@yamazatomartialarts393]

This guy has a face for radio but very informative. Thx. SF

[@tyrellpatterson]

I watch yours on my TV and my laptop mostly if I have to view content with annotations. I use my phone for audio only lectures with less illustrations. Im sure anyone who has access to view on a desktop view would, unless a phone is all one had.

[@Series7Guru]

Thanks for your input.

[@tyrellpatterson]

@@Series7Guru absolutely! I hope this helps!

[@trevorramos8616]

I’m currently watching this on my TV

[@jeffperry4198]

2 things - 1. I'm on a desktop 2. your explanations are very helpful. Thank you.

[@Series7Guru]

Thanks for letting me know.

[@LarissaNoble-u7v]

Hi there! Question #17 - Is the RMD required the year after you turn 70 (now 73). So if they got to RMD AGE in 2011, wouldn't they need to take it in 2012? Thank you for all your great videos!!!

[@Series7Guru]

The only test question is 73 and no RMD for Roth

[@Aim4499]

I’m re-taking the test tomorrow. First time around I failed by one question! I’ve been crushed and having a hard time studying since then. How close does this test replicate the actual test? TIA!

[@Series7Guru]

Very strong correlation to the actual exam

[@evelynpuppy]

Using my mobile, thank you for the help!

[@Series7Guru]

Thanks for the input. Trying to remember that about half our viewers are doing same.

[@totallytrading3165]

hi m Regarding Question #59 at 1:09:32 - Bank is an institution, so isn't the agent exempt from registration ? I am confused . Also Q #65 , De-minims applies for IAR , so ideally IAR should register in all 4 states -A,B, C and D ??

[@Series7Guru]

The rationale is in the video description

[@totallytrading3165]

@@Series7GuruThank you for the quick response. The only customer for Sharon in this case is a bank(institution) , which exempts the agent from registration. Appreciate you clarifying this,

[@joseC2013]

Question 108 1:54:21 ; I can see where this CAN fall under alternatives due to the Futures part but focusing on commodity investing. However Options and Futures answer is so easy to be steered to answering Derivatives. I searched "Nasaa and derivatives" and a PDF from them shows all it going over Options/Warrants, Futures, Forward Contracts, and Swaps. I went over Alternatives and that falls more under Real Estate, Hedge Funds, Cryptocurrency, Private Equity, Commodities (which fair enough touches on Future contracts). Dang you Brian... Dean just do me a favor next time you see Brian give em a good hard old school noogie for me. Tell em it's for question 108 on Test Geek exam. What a trickster. According to Nasaa's "Are you an informed investor? DERIVATIVES" pdf it should be Options and Futures are complex financial products which are Derivatives.

[@joseC2013]

Losing sleep over this one. Search the exact question and answer and a results come back talking about how Futures and Options are Derivatives from Investopedia all sorts of sites; Nasaa results a pdf. Cfa institute goes over alternatives and touches on Real Estate, Hedge Funds, cryptos,.. grrr

[@joseC2013]

LOL. Did not play it all the way through and you did change it to Derivatives! Omg 😂😂😂 paused it and had paralysis by analysis

[@ariellebuitenhuys6671]

Hi Dean, Just to answer your question about how I access your channel, I would never use my phone for this. The screen is way too small. I either use my desktop if I have time to study at work or I sign-in on my TV at home which is best for me. Thanks for all of your test help! You helped me to pass the 7 a few months back and now that I switched jobs you are helping me to pass (hopefully!) the 65 :)

[@Series7Guru]

Thanks for the input seems about 50%.

[@irferf]

"KZbin on your desktop? Or KZbin on your mobile?" Well, Dean, this might be a first but I'm watching on my TV using my Playstation 5 hahaha

[@Series7Guru]

Wow. Have not heard that one before.

[@WilliamMcAdams-v8o]

If you don’t mind elaborating, wouldn’t selling a call on question #11 be bearish, when the question says she overall remains bullish? I figured she would want to sell a put

[@Series7Guru]

What is the time stamp?

[@WilliamMcAdams-v8o]

@@Series7Guru18:42

[@Series7Guru]

No. Selling a call is not bearish when you own the stock (a covered call). The stock dominates the position. Selling a put is not something you do in conjunction with owning the stock.

[@jaideepramani1185]

Hey Dean, Question 70, you answered A, but PDF answers says it's B. Just wanted to know which one is correct.Thanks

[@Series7Guru]

Pdf is correct. Verbal errata

[@harshitakaushal3383]

Hello again, haha! Thank you for answering my questions :) I went ahead and watched the lecture on the registrations but just need to get it clear. Only federally covered IARs need to register in a state where they have a place of business, but this doesn’t apply to federally covered IAs? ( related to 42:36)

[@Series7Guru]

That is correct.

[@Music-vw9vo]

Question #59 does not seem right. It is an unsolicited order, and it is not a retail client, it is a bank. This is an exempt transaction. There is no need for registration.

[@Series7Guru]

Take it up Brian, the TestGeek. He will be on the live stream tonight.

[@skarr3d1]

Hey Dean, these videos are really great! Thanks for the investment of time you put into these! Curious - In question #65 (@1:13:46), the agent has 6 retail clients in State C which would meet the requirement for registration in state C as well, right?

[@Series7Guru]

Not if they are an IAR of a federally covered Investment Advisor. The de minimus is only for state covered IAs and IARs

[@2017Fed]

Question 10: wouldn't bond A have great volatility because of the short term volatility already present and the implied long term volatility of B assumed to be lower?

[@Series7Guru]

The rationale is in the video description

[@Ivan-dk2uf]

For question 68, I think I would have gone for D. I see JTWROS accs opened up between spouses and non-spouces all the time like father and daughter.. what are your thoughts on this?

[@Series7Guru]

I agree

[@jeffthemarshall]

Question #13. I'm a life insurance agent. We use a Capital Needs Analysis for the very purpose of estimating future life insurance needs. Your explication states it's not helpful for this purpose?? Any thoughts?

[@Series7Guru]

Well no surprise that NASAA and the test differ with that and you should answer accordingly.

[@austyncasale5164]

Question 17 - don't RMDs begin on April 1st of the year following the individual turning 70 (now 73)? Wouldn't that make the correct answer B?

[@Series7Guru]

Send TestGeek an email. [e-mail]

[@kylem489]

Hey dean thanks for everything! Just a fyi On the youtube App, corrections on the answer questions is not there

[@Series7Guru]

Thanks for the heads up. Will check it out and add.

[@jenifertruax6118]

Question 8 would be 111 and 1V it would be C

[@Series7Guru]

Reach out to Brian the TestGeek.

[@jenifertruax6118]

A customer purchases a $100,000 S&P 500 Index Annuity with a 60% participation and a 5%cap rate. The S&P grew 11%in the first contract year. The next contract year the S&P 500 fell 11%. What was the reset at the end of the second year? A.105,000 B. 106,600 C. 111,000 D. Can not be determined I am getting 98,070 can you help with this calculation?

[@Series7Guru]

It is $105,000. The cap. 60% of $11.000 is $6,000. There is never a negative reset.

[@kylezammit1868]

Hey dean. For Q115. In my mind I think, we need places to live, need clothes, need tobacco. Don’t need frozen seafood. Will the test be more clear about that. Will it say something like “a food wholesaler” Sorry if I’m overthinking it, It’s just in my mind I think of “A” as a roof over our head, and “C” as 25 dollar frozen crab legs. Lol

[@Series7Guru]

This exam has very strong correlation to the actual exam so go with this exam. The test is hard enough. Don't make up your own questions. Answer the question asked.

[@kylezammit1868]

@@Series7Guru I just finished and got a 75% on this. Exam in a week so more time to refine!

[@AbrahamGonzalez-pz4ki]

I was using my tablet. Switched to the laptop. Easier to read

[@xyyang1120]

Q 17. If the retiree is turning 72 in Nov, 2011, is RMD required by April 1 2012?

[@Series7Guru]

Not testable.

[@Daniel_enginethatcould]

@@Series7Guru In the video you jumped from 2011 (year turned 70 or 72 whatever) to year 2013. Is that correct or did you mean to say year 2012 would be the year to start RMD?

[@ramoneescobedo5820]

how time should I spend on studying for bonds? I seem to have everything else understood on a basic level clearly enough to answer questions about them but am having trouble on the bond valuation formulas and a lot of other math related questions

[@Series7Guru]

4 or 5 math questions total on the entire exam so don't stress.

[@clairehollander4565]

Hey Dean! For question 28, wouldn’t FCAs need to register where their home office is in state A?

[@Series7Guru]

NO!!!! Federally covered Investment Advisors registered in NO STATE! IARs do. Watch this kzbin.info/www/bejne/eImQc36QnLirgdE

[@Shellycrz]

Dean, good morning! Asset allocation or Sector rotation for income?

[@Series7Guru]

Asset allocation

[@andygray8792]

First, thanks for the great explication. On question 59 would she not have to register since it was an institution client and not a retail?

[@Series7Guru]

Yes.

[@2017Fed]

Question #5 is what? D or A?

[@Series7Guru]

Answer key is in video description

[@davidmoffat33]

Guru, #57, it seems none of the answers are correct. As an IAR employed by a federally covered advisor I should not have to register with any state, even if I maintain an office there.

[@Series7Guru]

That is not correct. An IAR of a federally covered IA has to register in any state where they have a place of business

[@davidmoffat33]

thank you. you are, of course, correct.@@Series7Guru

[@xyyang1120]

Hi Dean, Q127, I chose D. I am lost. Please explain . Thank you

[@Series7Guru]

kzbin.info/www/bejne/qpLFopibgdZnhpY

[@ashishsam4797]

thank you man

[@Series7Guru]

De nada

[@ashwinkumar3923]

Pretty sure #59 should be A not B.. If a broker-dealer has no place of business in a state and only engages institutional investors, they are not required to register in that state. For agents it's a legal gray area, but most compliance officers and securities lawyers apply this exclusion to agents as well. If the broker-dealer isn’t required to register, why would the state administrator force an agent to register? Therefore, it’s safe to assume an agent may avoid registration in a state if they maintain no office (in that state) and only engage institutional investors there

[@Series7Guru]

Not the answer Brian the TestGeek is looking for or the answer NASAA is looking for on your exam. Feel free to reach out to Brian, the TestGeek. It is his question not mine.

[@jasminamidzic5555]

Amazing!!

[@Series7Guru]

Glad you found it helpful

[@trevorramos8616]

I’m just interacting with the content. I don’t know why question 35 would be an index fund. Wouldn’t a government bond fund be more tax efficient because treasury bond and municipal bonds avoided taxes?

[@Series7Guru]

Muni bond fund was not a choice. Government securities funds dividends would be federally taxed.

[@mrff318]

Dean isn’t the answer on Exam 65 test geek “Top Down.” The question (#18) totally reads like that in exact definition format. I thought bottom up was companies rather than overall market. You do a good job. Also if you could slow down a bit for note taking that would be awesome. Thank you.

[@Series7Guru]

The question did start with the company why bottom instead of top diwn.

[@teresitad9516]

@@Series7Guru because they start with the individual ones first then expand to broaden. Think of an upside down pyramid. I struggled with it too and test geek helped clarify it. I already have my 6/63. I sold my insurance agency make transition and the 65 is no joke. I am studying for my second attempt. Good luck !

[@simonroese2596]

Thanks again

[@Series7Guru]

You are welcome

[@ekanshvashishth7407]

Hey Dean! Is there a way to just purchase the TestGeek notes/content description? My exam is tomorrow and want to go over it once tonight to get a revision in

[@Series7Guru]

Reach out to Brian at TestGeek. He can hook you up with the pdf

[@ekanshvashishth7407]

@@Series7Guru Ended up buying the whole series 65 combo pack. You guys are doing great stuff least I could do was support!

[@Series7Guru]

A great investment!

[@mrff318]

Dean I took my test today and failed. Got a 67. I have no background out all in finance but I did get a 73 for my 6 and 63. Passed both. I have no college education. And I’m a bad test taker. I’m very bad at word sentences also the formulas based on the questions. I’ve taken every platform from Kaplan to Exam FX. Nothing works. The test today was most state admin questions and who is a broker dealer or RIA. Nothing even close to what everyone sells to study. Can you offer any advice? Txs. 🤔😁

[@Series7Guru]

While the hurt is fresh print the NASAA test specifications and use it for debrief. Put a plus next to each item you felt good about and a minus next to things you need to work on for your next attempt.

[@kaybellum]

How come #14 isn't B?

[@Series7Guru]

Because Market Makers are found in the OTC markets NOT Auction/Exchange/Oder Driven markets like an exchange. That makes A the better answer.

[@trevorramos8616]

Dean picked the wrong answer for number 8 , the explanation is correct

[@firstpentecostalchurchofda8656]

I bought the package from geeks but its literally just the whole test that I just watched you go over lol feel like I kinda wasted my money

[@Series7Guru]

Did you get just the practice final? Or the whole video package? Think I make it clear that if you just buy the exam all you are getting is the pdf of that exam for $16.

[@firstpentecostalchurchofda8656]

@@Series7Guru practice final and a cheat sheet. I just assumed it would be a different one then what I just watched lol but hey you have helped me so much with passing my 7 and 63. thanks so much for all of the great content

[@jamesbrauns2116]

Hey Dean, is the test geek practice final standardized or is each test different? I was thinking of taking notes on your video and then purchasing the exam to take on my own, but wanted to avoid if it would be the same thing. Thanks in advance!

[@Series7Guru]

It is the same thing.

[@larswillerup1841]

How can I these sample pdf questions you mentioned for $20?

[@Series7Guru]

There is a link to TestGeek Exam Prep on the channel or you can Google it.

[@matthewmaurin9054]

How is 23 not B? The questions asks about the IAR not the IA.

[@Series7Guru]

Take it up the TestGeek. There is a link on the channel.

[@samaskari9584]

Phone Thank you

[@NoBellTrading]

Watching on Mobile.

[@Series7Guru]

Thanks.

[@joshburns5896]

Through a laptop

[@mrff318]

Hi Dean and thanks for the videos. # 60 on this exam should be D right? As the best definition for showing a time weighted return in my study book shows the answer to that question to be D- return over time but you have a different answer with a different explanation not corresponding to the question and I’m confused..🧐🤔🙄. Can you please help me to understand this and thank you for the help.😁👍😉

[@Series7Guru]

The time-weighted rate of return measures your account's performance over a period of time while ignoring certain factors like cash flow. The money-weighted rate of return measures your account's performance, taking into consideration both the timing and size of cash flow.

[@DoctorGME]

Mobile

[@mavidane]

im on desktop.

[@Series7Guru]

Thanks for letting me know.

[@mfcqn]

desktop for me

[@Series7Guru]

Seems to be 50/50.

[@bradleystavinoha3612]

Mobile device

[@Series7Guru]

Wow.

[@markdavis1580]

Regarding the material from Brian Lee for the series 65. A website called PisMed is offering the material, normally $99 for $37. Is that a legit website?

[@Series7Guru]

It is not!!!

[@Luke_Fenwick]

how is question 28 not A?

[@Series7Guru]

Reach out to TestGeek [e-mail]

[@minh-thaotran828]

Mobile

[@Series7Guru]

Thanks