TAKING THE SERIES 66 EXAM? DON'T FORGET TO STUDY DIFFERENT TYPES OF INVESTMENT RETURN!

If you are planning to sit for the Series 66 —Investment Adviser Representative—exam in the near future, don't neglect studying the various types of return and how to compute them.

For example, be able to compute time-weighted return, dollar-weighted return, expected return, inflation-adjusted return, etc.

Bob Eder's book, Study for the Series 66 Exam, shows a student how to compute each of the above returns, as well as other returns. Bob Eder gives examples of the computations, and includes practice questions embedded in the text, to test the reader's comprehension and mastery of the computations.

For your reference here is a link to the NASAA Study Outline for the Series 66 Exam. Note that the Study Outline indicates various forms of return that you need to know for the exam. See III (K) (1) in the Study Outline.

Bob Eder's Study for the Series 66 Exam is available from Amazon in either Kindle e-book version or paperback. Here is the link to Amazon's page on Study for the Series 66 Exam.

Bob Eder is the author of Study for the Series 65 Exam, Study for the Securities Industry Essentials (SIE) Exam, and Study for the Series 66 Exam. Only candidates who have an existing valid Series 7 license or who plan to take the Series 7 exam in the near future may take the Series 66 exam.

Comments

Post a Comment

Popular posts from this blog

SERIES 66 TESTS YOUR KNOWLEDGE OF ANALYTICAL METHODS IN INVESTMENT ANALYSIS

The Series 66 exam qualifies a person for state registration as an investment adviser representative, but is available only for those candidates who hold a current valid Series 7 registration, or who plan to take the Series 7 in the near future. Planning to take the Series 66 exam? Then study up on analytical methods used in investment analysis. Because you will be asked about these on the Series 66. By analytical methods, the Series 66 refers to time value of money concepts, such as internal rate of return, and net present value. Also included are descriptive statistics, such as mean, median, mode, range, standard deviation, alpha, beta, correlation and Sharpe Ratios. Also financial ratios and their uses, such as balance sheet and income statement ratios. Lastly, the Series 66 tests on valuation ratios, such as price-to-book, price earnings, and price earnings over growth, or PEG ratio. Bob Eder's book, Study for the Series 66 Exam , has several chapters on the topics
Read more

SERIES 66 TEST SPECIFICATIONS INCLUDE STANDARD DEVIATION SO MAKE SURE THAT YOU KNOW HOW TO CALCULATE

The Series 66 exam asks questions about "descriptive statistics." This term includes Alpha, Beta, Sharpe Ratios, as well as Standard Deviation. Before sitting for the Series 66, make sure that you are familiar with, and know how to calculate, these ratios. Bob Eder's Study for the Series 66 Exam devotes its first chapter to economic analysis, including a discussion with example and sample question on Standard Deviation. Here is a link to NASAA's Test Specifications for the Series 66 exam .  See  I (A) (2) of NASAA's  Series 66 Test Specifications  for inclusion of the best execution rule. Study for the Series 66 Exam  is available from Amazon in either paperback or Kindle e-book versions.  Here is a link to Bob Eder's Series 66 book on Amazon . Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law in 2001.
Read more

KNOW FINRA RULE 3210 FOR THE SERIES 66 EXAM ABOUT OPENING OUTSIDE ACCOUNTS

    Planning to take the Series 66 Exam? Then become familiar with FINRA Rule 3210 on Opening Outside Accounts. Why? Because NASAA Series 66 Test Specifications includes this topic in Section IV (H) (4), thus signaling that there can be questions on the test about this rule. Here is the text of Rule 3210: FINRA RULE 3210 Securities Accounts at Other Investment Advisers, Broker/Dealers or Financial Institutions a) No person associated with a member ("employer member") shall, without the prior written consent of the member, open or otherwise establish at a member other than the employer member ("executing member"), or at any other financial institution, any account in which securities transactions can be effected and in which the associated person has a beneficial interest. (b) Any associated person, prior to opening or otherwise establishing an account subject to this Rule, shall notify in writing the executing member, or other financial institution, of his or her as
Read more