Series 66 - Kaplan or STC
Just passed the 7, and ordered STC study books for my 66. Anyone who has used either/or, have any thoughts on whether one is superior to the other (odds are it won't matter). I found some bothering errors with Kaplan while studying for my 7 (CD Rom answers contradicting the book). Also, how long are most people prepping for the 66? Thanks.
Kaplan has can have misleading information, and STC is like reading a dictionary. Try FIRESolutions. They are awesome, for both the 7 and 66. Free LiveMeeting tutorials on their website... http://www.firesolutions.com/tutorial/tutorials.html<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
As far as prep time, you have a good chance of passing after only two days of intensive studying, but you should realistically give yourself two weeks. You won't need to take hundreds of practice test, as you may have for the 7; just make it a point to remember the key material. The test is almost entirely rules, regulations, and ethics, with maybe two rate of return calculations.
I just finished my series 66 using the STC training material and I found it to be very helpful, it is an easy read and straight to the point. My only problem I had was that questions were asked in a different manner than they were on the actual exam, I am sure you noticed this on the Series 7. I think it would be beneficial to do practice exams from different sources.
I would recommend the STC online seminar for $75. You can watch it for 15 days, I think. I watched it once, and then went back over sections I needed extra time on. Well worth $75.
I admit, STC is good. I am a little biased because I used STC for the Series 4, and found that 75% of the material presented in the book accounted for about 25% of the actual exam content (the only reason I passed was from using the free tutorials on cboe.com).
But, yeah, STC is the industry leader in securities exam prep. So use it, but as others have mentioned, don't neglect the other sources that are out there. You can find a lot of good, free information on sites like NASAA.org (similar to using NASD.com for Series 7), and there is good information on sites like investopedia.com.
Even wikipedia, though it is not regulated, could provide some good information. You probably won't find anything by searching "Series 66", but try something more specific like "Uniform Securities Act" or "Blue Sky Laws". Just be sure to check the information for accuracy before you commit it to memory.
Used Kaplan, STC and Fire Solutions (work paid for Fire and the others were floating around the office). I cannot remember one standing out from the other, but do recall them giving contradictory (sp?) answers a couple of times.
A week was plenty of time to study. I have only heard of one person who passed the 7 but could not pass the 66 on multiple tries.
Congrats on passing the 7. Take your 66 soon!!! many overlaps from the 7 . . except on the 7 the questions are black and white.
There are some very tricky questions on the 66 and we have had people fail. Read carefully and take your time.
[quote=now_indy]I would recommend the STC online seminar for $75. You can watch it for 15 days, I think. I watched it once, and then went back over sections I needed extra time on. Well worth $75.[/quote]
Thanks for the tip...I passed this on to a friend who's working on the 66...I'll try to remember to report back how he liked it if he gets it...
I used STC and just passed today. I read the 11 chapters one time and took all the tests at least twice. Then I reviewed the answers on the ones I missed many many times. What a pain, but I am glad it is over and I am really going to sleep well tonight.