Series 66 Exam & Series 65 Exam Prep 50 Explicated Practice Questions

[@Series7Guru]

kzbin.info/www/bejne/mYOlXnp-lp6EfMk 40 more!

[@adamlattarulo6802]

Question @ 25.49 is 1:1. Current Liabilities is $20,000,000 per the question. Thanks for the great content! Keep it coming please.

[@Series7Guru]

Good catch. Must have had a brain fart. Just added correction to introduction. Thanks.

[@NY10007]

Thank you - saw that too. Excellent teachings..👍

[@cupsofcalla2587]

This is so helpful, Dean! Thank you! I have such a better understanding of these concepts because of you!

[@Series7Guru]

Glad you found it helpful.

[@babyqueen901lol6]

Passed my 66 today, thank you again for all your valuable insights. I have watched all of your videos on series 7 and series 66. You have an incredible way of explaining the subject matter, thank you again and keep up your wonderful work.

[@Series7Guru]

Kudos on passing all your exams!!!!! Time to put those registrations to work. Glad to have made a contribution to your successful execution of your study plan.

[@johnnyoddyssey2477]

Dean, thanks for the help man! Just passed my 66! 💯

[@Series7Guru]

KUDOS on accomplishing the registration/test taking hat trick!!! Time to put those registrations to work!!!

[@Usicky12]

Passed my 66 today! Love you Dean! Your videos helped me a ton with the SIE, 7 and 66. Passed all first try. Passed my LAH last year so good to go for my entire career, hopefully ending up as a financial consultant. Wish I could repay you!

[@Series7Guru]

KUDOS on your test taking/registration hat trick! Always very gratifying when my videos contribute to test taking victories like yours.

[@robertyoung3664]

This was incredibly helpful Dean, I would recommend those taking the 65 or 66 to watch this.

[@Series7Guru]

Glad you found it helpful.

[@paulmolloyRetirementPlanning]

Many thanks Dean....found the content quite heavy when going through the text but you really bring it to life and make it fun....well funish....just missed out on my 65 yesterday with a 70%....I only discovered your site a few days ago, if it was a week ago I’d have got the pass for sure.....not to worry.....I get to spend more time in your company until 30 June when I take my resit:)

[@Series7Guru]

Glad you enjoy it!

[@deannechrystal5089]

Very helpful hints Dean!! Thank you! Love the “poor man’s flash cards.”

[@Series7Guru]

Flashcards are another arrow in your study quiver!

[@susanwade7717]

This is exactly what I needed today before I test!! I’ll let you know how it goes 🙏🏽🥂

[@Series7Guru]

Sending you good test vibes! You got this!

[@SandraFernandes621]

Dean thanks again for putting all these videos together. I am following the s66 playlist.

[@Yaavar7777]

Thanks!

[@Yaavar7777]

pay the man!

[@Series7Guru]

De nada.

[@xp0sh]

Thank you! Taking the test tomorrow. I am glad that I was able to pause and answer about 95% of these questions.

[@Series7Guru]

Sending you good test vibes for tomorrow.

[@carterevans2012]

I have 5 licenses. From someone who’s used Kaplan, STC, PassPerfect, and a tutor, I can easily say you are the best teacher. I don’t think I would have passed the S7TO without stalking your videos lol. Now studying for my S66, and of course I wouldn’t miss out on the Dean Buffet. 😉

[@Series7Guru]

Thank you so much for your kind words.

[@user-zu5hp2rk5m]

Very insightful. I failed my test in August by 1 point and found you touched on the things that I think I might have confused on the exam. Spent WAY to much time trying to understand calculations instead of concepts and found your lecture a good resource as I cram for my 2nd go around before Xmas. I too used the pause and snipit function to make notes-LOL when you mentioned it half way into the lecture that the other person did that too :-)

[@Series7Guru]

Glad it was helpful! You got this!!

[@crystalcoley58]

I TOO failed last month by ONE point🙄 same here. I spent too much time on chapters 10-12. Curious if you took again and passed the second time around???

[@davidruibal6297]

My Poor Man’s Flashcard Deck is a great learning tool for me, thanks, Dean

[@Series7Guru]

My pleasure. Thanks for your participation in class. Helps everyone.

[@andresevilla265]

I was a bit confused with the question @30:00. So on the exam, we could encounter either Debt-to-Capital or Debt-to-Equity and, it would be Total Debt/(Total Debt + Shareholder's Equity) and Total Debt/Shareholder's Equity respectively.

[@Series7Guru]

Check out the video description

[@mikeallen7980]

This was very helpful! I am making flashcards from this video. Thank you!

[@Series7Guru]

Glad you found it helpful. I think making your own flashcards is an under rated study tool. Wish more test takers did same.

[@teresafb1564]

Yes, Dean these videos help very much!

[@Series7Guru]

Glad you are finding them helpful.

[@leahbooth2723]

Very helpful. I was looking for a formula explication to help me understand what questions might be asked. Exactly what I was looking for! Thank you! I test on Thursday. Praying for a dream draw :)

[@Series7Guru]

I just put in a request for a dream draw. Sending you good test vibes! Take the test. Don't let the test take you.

[@mytruthbekind5793]

Question at 42:11… if you could design a portfolio with perfect negative correlation, would that be a good thing? Why? If Stock A goes up 5% and Stock B goes down 5%then aren’t you at net 0? I guess this is about getting the numbers right for portfolio construction and adding in bonds?

[@Series7Guru]

Not a portfolio. An asset in the portfolio with negative correlation.

[@peytonschuler5389]

Very helpful - taking the 66 in 2 weeks and this was one of the best question reviews I've found

[@Series7Guru]

Thank you. Hoping to.puish a complete practice final but don't it will be before your test date.

[@chowfamilyemail4498]

Wow Taking the 65 test tomorrow and I didn't know the right answer to half of these. Thank you Dean! So glad I found this video.

[@crusherman22]

Did you pass? Taking 66 soon

[@shannawang]

@@crusherman22 i passed. Thank you. I took series 6, 63, 7, life insurance, all passed the first time. Watching these videos really help put everything together.

[@Series7Guru]

KUDOS!!!!!!

[@ericat2485]

This was an excellent video Dean!

[@Series7Guru]

Thx

[@7birdies221]

What a great video Dean. Thank you.

[@Series7Guru]

Glad you found it helpful.

[@ReefingRyan]

Also, I would love to see these same types of questions for each particular unit bunched together to for part 1, part 2, etc. incredibly helpful.

[@Series7Guru]

That's a great idea!

[@zebman9228]

The number of $940 for the bond "NPV problem" @ 13:27 is actually the PV value of the cash flow to be received NOT NPV> The Net Present Value by definition is the DIFFERENCE between this number and the original investment - whatever that was. So $940 - say $910 = a NPV of $30.

[@vidhyaramani3093]

I just finished all your videos Dean! Wish me a dream draw! My exam is day after tomorrow

[@Series7Guru]

You are not at risk. You have executed a dedicated, disciplined, and organized study plan. Circle back with your testing victory update.

[@vidhyaramani3093]

@@Series7Guru I passed!! It was a dream draw for sure. Thank you for your helpful videos!

[@Series7Guru]

@@vidhyaramani3093 KUDOS!

[@vidhyaramani3093]

@@Series7Guru thank you Dean!

[@HenG20]

Taking the series 66 on the 11th and these are the topics I'm currently struggling with thank you so much for making this!

[@Series7Guru]

Glad to hear you found the practice questions helpful. Remember those 50 questions reflect what will be much, much less on the actual exam on quantitative analysis. Working on a practice exam and further explication of the test specifications.

[@HenG20]

@@Series7Guru Feeling alot better after this! Practice test in the past few days have gone from mid 70s to low 80s and are trending mid 80s now. Thank you again. Also finally realizing what you mean by recognizing concepts

[@Series7Guru]

@@HenG20 excellent!!

[@HenG20]

@@Series7Guru Got a 68! 💔😓 By the end of it there was 48 mins left I went back to review some and changed 2 or 3 that maybe I should not have, but good thing is it tells me which area to focus on. I scored 80% on all but one area (Recommendations and strategies) got a 63% on this. Upset with myself at the moment, but I will go again in 30 days more prepared.

[@Series7Guru]

@@HenG20 Damn! Series 66 is a beast. While it is fresh do an intellectual inventory using the pdf of the test specifications. Take notes on things you remember from your exam. Then take a break of at least two or three days to let your brain rest and reset. Then get your new test date. A short term set back. Back in the day some my best brokers missed their mark the first time.

[@georgerdanny5583]

this is a GREAT video, thank you soooo much! Here are some topics that are test-related but some of us struggle with: access person, dollar-weighted return and time-weight return, estate tax, different retirement plan

[@Series7Guru]

Glad it was helpful! I would be those in the cue for a future lecture and/or practice questions.

[@mytruthbekind5793]

This is so helpful as a supplement.

[@Series7Guru]

Glad you found it helpful.. Have 60 more coming soon.

[@terriebesier5384]

All of your comments help. Much more than reading the book.

[@davidruibal6297]

Thank you! Great 65 Class Time today!

[@Series7Guru]

We certainly covered a lot of ground. Let's finish strong tomorrow. Thanks for checking out my channel.

[@franciasdq2570]

Hey Dean, thank you so much for all your help. I passed my S7 first time thanks to you. I am hoping for the same with my s66. I am having some issues with this one!

[@Series7Guru]

Kudos on passing your Series7 exam! Don't know if it makes you feel better but you are not alone. NASAA exams lack the narrative thread of the 7. All over the place.

[@kennyknox3840]

Thank you so much for this!!! Sooooo helpful!

[@Series7Guru]

Glad you found it helpful. There is a 66 practice final too. With a 65 practice final to be published shortly.

[@ReefingRyan]

I’m slightly upset that I’m just finding you now, the day before my series 65 exam. This is great. And if I don’t pass I’ll be back.

[@Series7Guru]

Well then hope you don't need be back. Lol. Sending you good test vibes for tomorrow.

[@kyleward8179]

Did you pass? I take mine in just under 2 weeks and just started his videos.

[@ReefingRyan]

@@kyleward8179 I got a 71%… lol

[@kyleward8179]

@@ReefingRyan did you see any similar questions like these on your exam? Taking mine in a few days. Thx

[@abhishekmitra1936]

@@kyleward8179 how was ur exam?and did these match?

[@kennnnnnnnnnnnnnnnnnn1242]

Listen to Dean about not changing your answers. Passed the SIE the first time and changed 1 answer, failed the 7 the first time and changed about 10 answers & failed with a 64. Passed the second time over 1 hour left and did not review ANYTHING just made sure I had the correct answer selected before moving on to the next question. Taking the 66 in 11 days 67 on Kaplan, 70 on PP will keep studying everyday.

[@Series7Guru]

First answer is your best answer!

[@armanamilbry1728]

Very helpful! Thanks for publishing. Looking for more of your videos now…

[@Series7Guru]

De nada.

[@Series7Guru]

They are organized by Series so for example if you are taking Series 66 you would find that playlist and all the appropriate lectures are found there.

[@rjd4592]

At 31:34 shouldn't it be 50,000,000/40,000,000=1.25? Why would the long term debt be included in the denominator as shareholder equity? (Assuming the correct formula is Total Liabilities/Stockholder's Equity)

[@Series7Guru]

Surprisingly no. Sounds like from the name would be and outside of 65/6 it is but on 65/66 the calculation is correct as tested.

[@gjergjlegisi1899]

I agree with Rj. The question imo is not correct for many reasons. Debt to equity = total debt (that includes short term debt) over total equity (without debt).

[@Series7Guru]

@@gjergjlegisi1899outside of 65/66 that is correct but not how it is tested. Answer how you would like but that is not how it is tested and doing the way it is done in the real world versus the test fantasy world will not be an answer offered to you.

[@gjergjlegisi1899]

@@Series7Guru Maybe the exam refers to the Investment corporations? Financial institutions have a slightly different definition of capital. Not sure what is the logic here since there are accounting standards that would disagree with that definition.

[@Series7Guru]

@@gjergjlegisi1899 understood. Remember NASAA is not composed OF PCAOB accountants but attorneys. So no surprise that the 65/66 test world does not sometime reflect the real world. As I say many times about my content, it is a buffet. Take what you like, leave what you don't. I am not offended if you chose to answer however you like. If I felt my 65/66 debrief was not correct I would make the appropiate correction. I do not believe that to be the case but I also say if you see something, say something. I not heard from someone like RJ or yourself after testing that I don't have this question from debrief correct not as an accounting issue but as a test issue.

[@movies260]

I am going over the questions again, just because I am enjoying your classes so much. I found little error. 26:21 wrong current liabilities are 20M and not 10M. Correct answer is C and not B.

[@Series7Guru]

It is corrected in the time stamp found in the video description as is all errata

[@TheReyila]

This is amazing. thank you!

[@Series7Guru]

Glad you found it helpful

[@ankitamaitra7315]

Very helpful. I just have two questions which aren't here. Why do you use High tech stocks dir indexing? Why do you use Dow Jones for indexing?

[@Series7Guru]

No one uses the Dow Jones for indexing. It is only 30 stocks and price weighted. Need more context for high tech direct indexing? Have a practice question? The question on the test is high tech stocks have higher PE ratios and pay little or no dividends. Indexing would be used by an investor interested in lower costs and tax efficiency due to the passive nature of indexing.

[@willieherbert3740]

Those 4 or 5 points can make the difference

[@thomasreilly2864]

Do you have a video on discounted cash flow in detail ?

[@Series7Guru]

It is in Analytic Tools at the depth necessary for the test.

[@GilbertSilva1]

Very helpful!!

[@Series7Guru]

Glad it was helpful!

[@jaimegarner5105]

SO helpful!!!

[@Series7Guru]

Glad you found it helpful

[@thomasreilly2864]

On question 14 . Since the board has declared but not PAID the dividend , wouldnt the answer be C. ?

[@Series7Guru]

When the board declares a dividend it becomes a current liability. Current liabilities increase and working capital decreases.

[@katforbes6981]

Thank you for this! I will check out the other video. Do you offer tutoring?

[@Series7Guru]

I do. Deantinneytutoring.setmore.com

[@abellamy83]

At the 30:40mark, does the higher the ratio mean the more leveraged the company is? like if I ended up 1:1 that means that for every dollar I make, I have a dollar come out?

[@Series7Guru]

Yes it means more leverage. It does have anything to with dollars you make. It is about how much of the total capitalization comes from bond holders (creditors) and how much comes from equity holders (owners). On the income statement the more leveraged company will have to devote more money to debt service (interest payments).

[@bluebird429]

I don't understand the Debt to Equity question. (min 30). Should it not be .80 (C)?

[@Series7Guru]

Check the video description

[@gracehom5189]

Hi Dean! Studying for my S66 and this your videos are so helpful. but I have a question on question 20 it says on the question that the current liabilities is $20,000,000 but you wrote on your example 10,000,000. Just wanted to know if that was a typo on your end. Thank you Dean.

[@Series7Guru]

The correction is found is the video description and the corresponding time stamp.

[@robertmishelow]

Hi, I just started studying for Series 65. Do you have a course I can purchase?

[@Series7Guru]

Yes, I will be teaching the Kaplan Series 66 June 21. My 10% discount code at checkout is Guru10. www.kaplanfinancial.com

[@samaskari9584]

It was great Gracias

[@Series7Guru]

De nada

[@thomasreilly2864]

question 20 is 1to1 40,000,000 assets - 20,000,000 inventory / 20,000,000 Liabilities . (not 2to1)

[@Series7Guru]

Corrections can be found in video description time stamps.

[@domrner]

Extremely helpful!!’n

[@Series7Guru]

Glad it helped!

[@svgurin]

Your identified current liabilities (26 min 20 sec slide) is $20M, not 10. Your quick ratio should be 1-1 (not 2-1) Please correct me if I’m wrong.

[@Series7Guru]

Check the time stamp.

[@jeffhines6899]

Great help. Thanks.

[@Series7Guru]

Glad it helped!

[@okok654]

Helpful!!

[@Series7Guru]

Glad you found it helpful.

[@petenewmes8850]

Great stuff! Can you recommend a compressive series 65 course?

[@Series7Guru]

I recommend Kaplan. I will be teaching the December 13th Kaplan Series 65 class. Feel free to use my 10% discount code at checkout. It is Guru10.

[@JNelms]

Hey Dean, are you going to do a Series 66 weighted practice exam, explicated? Certainly looking forward to it.

[@Series7Guru]

Yes. My for profit commitments are interfering with the timeline for my non profit commitment (this channel). Lol.

[@JNelms]

@@Series7Guru lol understood!!

[@stevecallv]

Any updates on an explicated practice exam for the 66 Dean?

[@Series7Guru]

Working on it. Looking to publish late next week.

[@stevecallv]

@@Series7Guru Thanks! I appreciate your efforts....realize this is probably not a money making venture for you yet, buy hopefully it will be some day.

[@Series7Guru]

Sometimes my for profit commitments slow down my not for profit commitments like this KZbin channel. Lol.

[@barbarajck1]

Taking my 66 on January 6th. Thanks for all the help Dean. There is a hidden word on the last question: coun*** what word is that?

[@Series7Guru]

Court.

[@movies260]

very helpful

[@Series7Guru]

Glad you are finding it helpful

[@waynechernin9877]

this is helpfull Dean.

[@Series7Guru]

Glad to hear that. This one wasn't sure I might be breaking that golden rule. First do no harm.

[@Series7Guru]

Series 66 Lecture Playlist kzbin.info/aero/PLK1IazV_JQbEcpMelyp4q2wxAuEPVxmvI Series 65 Lecture Playlist kzbin.info/aero/PLK1IazV_JQbGn7K_gBAD_TWW_TLrlRxA5

[@jeffhines6899]

Excellent explication

[@Series7Guru]

Thank you. Hope to have a practice final soon.

[@UnnecessaryComment.]

Woop wooop

[@Series7Guru]

lol

[@lanysmith1321]

These questions are cake

[@Series7Guru]

Good news then. Because they are based on debrief.

[@jstringfellow1961]

@44 min. Can you explain to me how 94+3=98? LOL (just kidding)

[@Series7Guru]

Brain farts are real. Lol.