Failed the Series 66

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Feb 22, 2010 12:51 pm

got 70% , i think I messeed up changing 6 answers. Although it seemd fairly easy. Will this stop firms from hiring me knowing they have access to how many times I have taken the exam? I dont know if i should stick with Kaplan book or move on to a new study material.

Feb 22, 2010 2:59 pm

Just how many times have you taken the S66 test??

 
Never ever change answers unless you discover you misread the question or stumbled upon additional key information as part of a later question.
Feb 22, 2010 5:23 pm

twice! I do not have good test taking skills. Are firms allowed to look up your records with FINRA to see how many times you have taken and passed the tests?

Feb 22, 2010 8:01 pm
bulllives:

twice! I do not have good test taking skills. Are firms allowed to look up your records with FINRA to see how many times you have taken and passed the tests?

 
Isn't that just another way of saying " I didn't know the information" or "i am dumb"....
Feb 22, 2010 9:28 pm

You'll pass it -- don't pay attention to these angry gents. And when you pass the 66, you can breeze over the CPA exam. Oh wait, that's right....financial planners are the guys who couldn't pass the rigorous CPA exam, so they went on to take a test that requires only a high school degree!  I discovered that while prepping for the Series 7 -- you don't even need a college degree to take the test. Compare that with the requirements to even sit for the CPA exam! No comparison.

Feb 22, 2010 9:31 pm
chief123:
bulllives:

twice! I do not have good test taking skills. Are firms allowed to look up your records with FINRA to see how many times you have taken and passed the tests?



Isn't that just another way of saying " I didn't know the information" or "i am dumb"....





I read: "I went into the exam with the expectation that I would fail because I like to make excuses for myself."

Feb 22, 2010 9:39 pm
newrep:

You'll pass it -- don't pay attention to these angry gents. And when you pass the 66, you can breeze over the CPA exam. Oh wait, that's right....financial planners are the guys who couldn't pass the rigorous CPA exam, so they went on to take a test that requires only a high school degree!  I discovered that while prepping for the Series 7 -- you don't even need a college degree to take the test. Compare that with the requirements to even sit for the CPA exam! No comparison.



I think you are confusing a series 7 license with financial planning, or financial analysis.  By the way, that was quite a discovery, since pretty much everybody knew that you don't need a high school diploma to sit for the 7.

Feb 22, 2010 9:42 pm

The study materials are not to blame.

How did you prepare for the test?  As these forums report, the key to passing any of the Series tests is to take as many practice tests as you can.  The practice tests prepare you for the types of questions you'll see - - and in some cases the exact same questions.

You should have received a score breakdown for your test.  What area(s) were you weak in?  Those require further work, obviously.

Feb 22, 2010 9:56 pm

Bottom line...you say diploma, I say pajama. Doesn't change the fact that you can be a high school graduate and that's all that's required to take the exam. Fact is, all you really need in this business is a used car salesman mentality and be able to spin your web. Just be able to talk some BS about the markets and the economy, then steal old ladies' money. Shameful.

Feb 22, 2010 10:03 pm
newrep:

Bottom line...you say diploma, I say pajama. Doesn't change the fact that you can be a high school graduate and that's all that's required to take the exam. Fact is, all you really need in this business is a used car salesman mentality and be able to spin your web. Just be able to talk some BS about the markets and the economy, then steal old ladies' money. Shameful.

 
Somebody didn't make it!!!! A little sour grapes... Hey go fix some 1040s piker....
Feb 22, 2010 10:21 pm
iceco1d:
newrep:

Bottom line...you say diploma, I say pajama. Doesn't change the fact that you can be a high school graduate and that's all that's required to take the exam. Fact is, all you really need in this business is a used car salesman mentality and be able to spin your web. Just be able to talk some BS about the markets and the economy, then steal old ladies' money. Shameful.



The guy that you directed that comment to is working on his Ph.D. 

Here comes the "high and mighty" CPA attitude (sorry for the CPAs on this board that don't fit this mold, in advance). 

Your just have sand in your vagina because you have a crap payout with your OSJ.  And you will ALWAYS have a crap payout, because you are a piker.  It took you 20 years to build a "practice" that involves you plugging numbers into tax software.  Your worth exactly as much in this business, as that 30-something chick that still looks like she's in her 20's.  Some dude (your OSJ) will pick you up at the bar to take you home for a night (the $10MM you claim to be able to bring in), but then the next day no one really cares about you.  And why?  Because you're not very charismatic, and probably entirely incapable of bringing in new money - or any money for that matter. 

So you get a marginal deal, to bring over some assets, and go back to counting beans, piker. 

By the way, good luck with that all equity SMA, I'm sure you'll end up being QUITE the "planner."

PS - Nobody here WANTS to sit for the CPA exam, unless they have some personal goal to do so (just like getting a Ph.D, etc.).  In fact, ALL of the guys on this board that have CPAs, actually stopped practicing, or only continued to do any tax work for their very best clients, because it's a low revenue field by comparison.  In simple terms, that means you're still a piker. 


Wow ICE, I have to admit, the CPAs I work with are somewhat reserved, but WTF, did one molest you??
Feb 22, 2010 10:23 pm

Ice isn't mad at CPAs, just this little piker who thinks he knows more than we do.

Feb 22, 2010 11:24 pm

bulllives, if you need additional help past the book, get a tutor. i think the best books are passperfect and stc.  if you need to stay motivated, sometimes a personal tutor can help. books can get boring - good luck

Feb 23, 2010 10:41 am
I took the Series 7 for the prestigiousness alone