How long to study for the 66?

Jun 8, 2005 2:28 pm

Hello,

I just passed my 7 yesterday!   My job is wanting me to take my 66 in just 2 weeks.  I have not begun to look over the 66 material, is 2 weeks long enough to study?  BTW I will only be studying, not working during this time.

Thanks!

Jun 8, 2005 2:59 pm

[quote=thumperac]

Hello,

I just passed my 7 yesterday!   My job is wanting me to take my 66 in just 2 weeks.  I have not begun to look over the 66 material, is 2 weeks long enough to study?  BTW I will only be studying, not working during this time.

Thanks!

[/quote]

In a nutshell, sure.  If you can find a set of Pass Perfect Series 66 use that, if not either STC or Dearborn will do in a pinch.

I wouldn't even read the book, just do sample questions.  If the explanation for the question does not teach you what you need to know look it up in the book.
Jun 8, 2005 3:05 pm

yes, I currently have the STC book and CD

Jun 8, 2005 3:12 pm

[quote=thumperac]

yes, I currently have the STC book and CD

[/quote]



The danger of having sample questions on a CD is that it is difficult
to realize how many questions there are.  CDs tend to lull you
into a false sense of the challenge.



If you do all the question on that CD a time or two, with decent scores, you should be in good shape.



But how do you find the time to do all those questions?
Jun 8, 2005 3:48 pm

Since there is a lot of interest in Series 65/66 I though it might be
fun to put a typical question on this forum–so I asked for a CD and
found one.  It goes like this:



A Registered Investment Adviser that is organized as a partnership has
been in business for fifteen years.  The partners have decided to
merge their practice with another RIA and will own 50% of the combined
firm.  The RIA must:



a.  Pay a new filing fee in each state in which they operate

b.  Have existiing clents sign a statement acknowledging knowledge of the change in ownership

c.  Liquidate each client’s position, obtain new account
documentation and reinstate only those positons which are in compliance
with the new RIA’s investment policies

d.  Notify existing clients of the change in ownership



Now to comment.  It is my opinion that simply reading that
question is going to take more than ten or fifteen seconds–especially
if you’re doing anything more than looking at the words.  In other
words, the fools who claim that these tests can be completed in a
matter of moments are full of schidt.



It is also my opinion that the question is not difficult once you know
what the answer is.  The “mission” of anybody preparing for these
exams should be to become exposed to the questions.  If you’re
taking a test and a question is scaring the hell out of you whose fault
is it if that question appears in the study material you were using but
you were simply too big a slacker to get to it?

Jun 9, 2005 4:59 pm

I think you wanted information, not babble.

I studied 2 1/2 and passed the 66 with a 78.  I read the Pass Perfect book and then did sample exams.  I do not agree that you should not read the book. 

The tests is difficult so don't underestimate it.  You do not want to have to take it again.  Take it as close to your 7 as possible as some of the material from the 7 will carryover and help you.  Best of luck.

Jun 9, 2005 5:06 pm

[quote=maybeeeeeeee]

I think you wanted information, not babble.

I studied 2 1/2 and passed the 66 with a 78.  I read the Pass Perfect book and then did sample exams.  I do not agree that you should not read the book. 

The tests is difficult so don't underestimate it.  You do not want to have to take it again.  Take it as close to your 7 as possible as some of the material from the 7 will carryover and help you.  Best of luck.

[/quote]

Why did you not score significantly higher than 78?

Do you think the book you were reading did not cover the subject matter?  Perhaps the sample questions were not truly reflective of the questions you get on the real test?
Jun 13, 2005 5:28 pm

Perhaps I have a life you fool.  There is no need to post a high grade on this test.  I graduated with a BA with honors and an MBA with honors from large well respected universities.  I have never done well on general tests like the 7 and the 66.

But, I know how to help people and that is much more important in my career as a financial advisor than a test score that represents a moment in time.

Jun 13, 2005 5:39 pm

[quote=maybeeeeeeee]

Perhaps I have a life you fool.  There is
no need to post a high grade on this test.  I graduated with a BA
with honors and an MBA with honors from large well respected
universities.  I have never done well on general tests like the 7
and the 66.

But, I know how to help people and that is much more important in my career as a financial advisor than a test score that represents a moment in time.

[/quote]

What amuses me about you slackers is how you accomplish anything when your entire mission in life is to do as little as possible.

If you have an MBA I am the Prince of Wales.
Jun 13, 2005 5:53 pm

[quote=maybeeeeeeee]

Perhaps I have a life you fool.  There is
no need to post a high grade on this test.  I graduated with a BA
with honors and an MBA with honors from large well respected
universities.  I have never done well on general tests like the 7
and the 66.

But, I know how to help people and that is much more important in my career as a financial advisor than a test score that represents a moment in time.

[/quote]

How does an achiever who ends up with degrees "with honors" set aside their desire to excel and decide that on a professional qualification exam they'll do the bare minimum?

It is my experience that those who are accustomed to achieving continue to achieve, and those who are accustomed to screwing off continue to screw off.

It is also my experience that people who earn degrees with honors have higher aspirations for their careers than to be a salesman--much less a salesman for a second tier BD such as Raymond James.

When you get to be as old as I am, with as much exprience as I have, you too will be able to cut through the BS--until then you'll spout off nonsense and fellow numbnuts will ooooh and ahhh.

You can fool all of the people some of the time, and some of the people all of the time--but you can't fool all the people all the time.


Jun 14, 2005 4:45 am
Put Trader:

[quote=maybeeeeeeee]

Perhaps I have a life you fool.  There is
no need to post a high grade on this test.  I graduated with a BA
with honors and an MBA with honors from large well respected
universities.  I have never done well on general tests like the 7
and the 66.

But, I know how to help people and that is much more important in my career as a financial advisor than a test score that represents a moment in time.

[/quote]

Put I agree with you fully that acheivers tend to continue to focus on excellence.

However, I do not agree with your description of RJ as 'second tier'.  I do think there is one indy platform that is better than theirs-better ethics-but it is only because folks believe the 'big lie' about the big wires being so much better than anyone buys the idea that Ray Jay is second tier........

How does an achiever who ends up with degrees "with honors" set aside their desire to excel and decide that on a professional qualification exam they'll do the bare minimum?

It is my experience that those who are accustomed to achieving continue to achieve, and those who are accustomed to screwing off continue to screw off.

It is also my experience that people who earn degrees with honors have higher aspirations for their careers than to be a salesman--much less a salesman for a second tier BD such as Raymond James.

When you get to be as old as I am, with as much exprience as I have, you too will be able to cut through the BS--until then you'll spout off nonsense and fellow numbnuts will ooooh and ahhh.

You can fool all of the people some of the time, and some of the people all of the time--but you can't fool all the people all the time.


Jun 14, 2005 1:17 pm

[quote=joedabrkr]



Put I agree with you fully that acheivers tend to continue to focus on excellence.



However, I do not agree with your description of RJ as ‘second
tier’.  I do think there is one indy platform that is better than
theirs-better ethics-but it is only because folks believe the 'big lie’
about the big wires being so much better than anyone buys the idea that
Ray Jay is second tier…


[/quote]



Who do you think has a better platform?

Jun 14, 2005 2:31 pm

[quote=Put Trader] [quote=joedabrkr]

Put I agree with you fully that acheivers tend to continue to focus on excellence.

However, I do not agree with your description of RJ as 'second tier'.  I do think there is one indy platform that is better than theirs-better ethics-but it is only because folks believe the 'big lie' about the big wires being so much better than anyone buys the idea that Ray Jay is second tier........

[/quote]

LPL

Who do you think has a better platform?
[/quote]

Jun 14, 2005 5:20 pm

[quote=Put Trader]

What amuses me about you slackers is how you accomplish anything when
your entire mission in life is to do as little as possible.



If you have an MBA I am the Prince of Wales.

[/quote]



Frequently, the truth lies somewhere between the trees and the forest.
Put, I assure the value of a shelf for Royal Family brick-a-brack in
the sitting room and, or library of ones estate. With it, comes the
assigned entitlements for one to share passions and satisfactions with
family and friends (BTW,would you please  ask the wife what one
does to direct housekeeping in the proper cleaning of life-size cutouts
for Prince Chaz and Camilla?). Nonetheless, I must vigoroulsy protest
any fantasy or dress-up games involving His Highness, the Prince of
Wales. To do so would place you in a commonable position. Although, in
all honesty, after some gum-shoe analysis, one would be blind or in
denial (more on this later Put), not to have noted in your case that
there exists an unusually exaggerated amount of drive to associate with
the drift of the forest. Put, would you muster the courage to ask
yourself if the possibility of not having blue-blooded sovereign or
devine rights to a better position in life has relegated you to a
misguided majestic posting  in some alternate realm of
displacement. This self-appointed lording over the sans-culotte 
has seemingly  left you free in mind and paroled from the
gator-baggage which grieviously vexed your life in body. Selective
disparity may have its rewards. I am not your Judge.  Although, I
am reminded of what Oscar Wilde said “A cynic is a man who knows the
price of everything and the value of nothing.”  I beg you to
question your journey on this road towards destruction and ruin. The
role of a superannuated despot of Forumland and the title of His
Heinyness is a poor substitute for a nice bowl chowder and a good
shtupping. Feck the diagnosis and hand me a diaper.  Put, I am
your father.

Jun 14, 2005 6:11 pm

[quote=Mojo]

Put, I am
your father.

[/quote]



This Mojo soul creates and identity just to write to me.  Moi!



And to think there are those who don’t believe that Putnam Trader, IV rules the world.

Jun 14, 2005 6:40 pm

Hey Joe.  How’s life in week 2 of “The Young and The Indy?”



(Your Heinyness, go away and play with the thermostat. Your breadth of
experiences disqualifies mine self as a subject for your
considerations. Do not be wise in your own eyes. Beware your father.)

Jun 14, 2005 7:06 pm

[quote=Put Trader]

[quote=Mojo]

Put, I am
your father.

[/quote]




And to think there are those who don’t believe that Putnam Trader, IV rules the world.

[/quote]



Why do you perceive to extend your reach beyond your grasp. Your rule
of the world is like a sphere of influence not a spectre of light. Here
let me Put-size it for you. The only difference between a lightbulb and
a lazer is focus. In almost 500 posts you have yet to do more then
flicker knowledge or wisdom. In contrast, I have cut through you with
precision like accuracy and focus in only 3 postings.  Dimwit.

Jun 15, 2005 4:38 am

[quote=Mojo]

[quote=Put Trader]

[quote=Mojo]

Put, I am

your father.

[/quote]



And to think there are those who don’t believe that Putnam Trader, IV rules the world.

[/quote]



Why do you perceive to extend your reach beyond your grasp. Your rule

of the world is like a sphere of influence not a spectre of light. Here

let me Put-size it for you. The only difference between a lightbulb and

a lazer is focus. In almost 500 posts you have yet to do more then

flicker knowledge or wisdom. In contrast, I have cut through you with

precision like accuracy and focus in only 3 postings. Dimwit.

[/quote]



ROFLMFAO…Mojo you made my head hurt with your first post! This one, however is great!



I answered your question on the other forum. A great place to learn about the biz free of the stupid jones-bashing and pontificating!



See ya 'round the 'hood!

Jun 15, 2005 4:58 am

$hit joe Da Man- you let the secret out !!! Now a certain someone will infest that site as well… 

Jun 15, 2005 5:47 am

Please help support the Lacoste Urban League’s Campaign to stop the
manufacture of cheap hand guns with any donation of either time, money
or as Foster parents of  recent delinquent juveniles who have
violated their conditions of release and find themselves at risk and
without a place to sleep outside of a cold cell in a state run
detention center…even Put is down on helping our little brothers.
Send anything you can to:



WWW.stopgunproducers.com  or  www.putdamanwillhelpyaoutofdacan.com



(BTW Put, still no word on your question as to how many white foster
mothers have been turned out and introduced to the lifestyle by their
own foster sons. The other questions concerning taxation all seemed to
be fair assumptions, but as usual, please consult your tax advisers
with questions specific to your own circumstances. Thanks again for
your family’s eager support.)

Jun 15, 2005 12:39 pm

Put, earlier in this thread you referenced RJ as a 2nd tier firm.  Out of curiosity, what is your quality criteria to differentiate between tiers??

Jun 15, 2005 1:33 pm

Steak Tartare or BBQ. Green Goddess or Ranch Dressing. Side Car or
Fuzzy Nipple. Brioche or white bread. Roasted Chestnuts or boiled
peanuts. Mineral water or gatorade. The list is endless. The criteria
remain the same. Audience. (Please say the above list aloud with teeth
remaining clenched. Top-drawer.)

Jun 15, 2005 7:38 pm

They can say whatever they like.  I interviewed at most of the firms out there and got offers from everyone I interviewed with.  I chose RJ because of :

-excellent management (see Forbes)

-excellent training

-excellent research department (see Penn State Study)

-the high quality of people in this office.  Most of who came from those other firms that people like that dork Put is from.

We might not be the biggest, but I think we are one of the best.  See JD Power study on full service brokerage firms.  We slipped from last year but we are still in the top 5.

Jun 15, 2005 9:03 pm

[quote=maybeeeeeeee]

They can say whatever they like.  I
interviewed at most of the firms out there and got offers from everyone
I interviewed with.  I chose RJ because of :

-excellent management (see Forbes)

-excellent training

-excellent research department (see Penn State Study)

-the high quality of people in this office.  Most of who came from those other firms that people like that dork Put is from.

We might not be the biggest, but I think we are one of the best.  See JD Power study on full service brokerage firms.  We slipped from last year but we are still in the top 5.

 [/quote]

If you are going to get me to buy mutual funds from you, why do I care how good your firm's research department is?

How does the quality of your firm's senior management affect your customers--or you for that matter?

If you are a rookie how do you know if the people in your office are "hgh quality" or not--what do you have to compare to?

Raymond James is not known for its excellent training--what do you have as a comparision to declare that it's excellent?

Jun 15, 2005 9:09 pm

[quote=maybeeeeeeee]

They can say whatever they like.  I
interviewed at most of the firms out there and got offers from everyone
I interviewed with. 

[/quote]



Is that right?  There are thousands of NASD member firms “out
there” and you interviewed with most of them–and got offers from every
firm you interviewed with?



Why did you not choose Goldman Sachs?
Jun 15, 2005 10:18 pm

[quote=Duke#1]Put, earlier in this thread you referenced RJ as a 2nd
tier firm.  Out of curiosity, what is your quality criteria to
differentiate between tiers??[/quote]



Good question.



I spend a lot of time trying to figure out what people think of our industry and the various players in the business.



In spite of the fact that RJ has its name on a lot of things, and is
spending increasingly on advertising, the reality is that the name is
still relatively unknown among retail investors.



Most RJ brokers still find themselves explaining that they are in the
investment business—and anytime you have to do that you’re at less
than a top tier firm.



I’ve gone to meetings at RJ on Carillion Parkway and been on the
tours.  The firm is still relatively small, although it’s growing
and that is good.



Tom James is a mixed bag among his peers–he has done a decent job of
attracting senior talent but the reality is that a lot of top tier
types have no desire to live in the Tampa area.



Roney brought very liitle value added to the St Pete effort, other than
to give the firm a couple of dozen little offices in Michigan and Ohio.



I think a better question is what about RJ makes them top tier in the
eyes of the clients–which is what it’s all about after all.

Jun 17, 2005 11:35 pm

[quote=Put Trader] 
I spend a lot of time trying to figure out what people think of our industry and the various players in the business.

[/quote]



The most honest and accurate statement I’ve read, Junior. Considering
most managers act the part of Decision Maker without the authority to
spend a dime unless first gaining their masters permission. Put,
remember the days when a manager could authorize a $100K expenditure
within his own cost center…ha ha ha.  This is why Put so fondly
recalls memories of days gone by. Today he has trouble spending
independently on anything not preapproved by his keepers. So, he has
been abandoned to think about things and the various "players."
Dime-store advice from a Tier One son-of-a-gun. Thank goodness for dsl,
sport.

Jun 20, 2005 3:49 am

[quote=Mojo] [quote=Put Trader]  I spend a lot of time trying to figure out what people think of our industry and the various players in the business.
[/quote]

The most honest and accurate statement I've read, Junior. Considering most managers act the part of Decision Maker without the authority to spend a dime unless first gaining their masters permission. Put, remember the days when a manager could authorize a $100K expenditure within his own cost center...ha ha ha.  This is why Put so fondly recalls memories of days gone by. Today he has trouble spending independently on anything not preapproved by his keepers. So, he has been abandoned to think about things and the various "players." Dime-store advice from a Tier One son-of-a-gun. Thank goodness for dsl, sport.
[/quote]

Well said mi amigo!

Jun 20, 2005 3:52 am

[quote=blarmston]$hit joe Da Man- you let the secret out !!! Now a certain someone will infest that site as well....  [/quote]

l  naw....i rather doubt it, and if he did I think he would get thoroughly flamed quite quickly....! 

Jun 20, 2005 1:22 pm

[quote=Put Trader][quote=Duke#1]Put, earlier in this thread you referenced RJ as a 2nd tier firm.  Out of curiosity, what is your quality criteria to differentiate between tiers??[/quote]

Good question.

I spend a lot of time trying to figure out what people think of our industry and the various players in the business.

In spite of the fact that RJ has its name on a lot of things, and is spending increasingly on advertising, the reality is that the name is still relatively unknown among retail investors.

Most RJ brokers still find themselves explaining that they are in the investment business---and anytime you have to do that you're at less than a top tier firm.

I've gone to meetings at RJ on Carillion Parkway and been on the tours.  The firm is still relatively small, although it's growing and that is good.

Tom James is a mixed bag among his peers--he has done a decent job of attracting senior talent but the reality is that a lot of top tier types have no desire to live in the Tampa area.

Roney brought very liitle value added to the St Pete effort, other than to give the firm a couple of dozen little offices in Michigan and Ohio.

I think a better question is what about RJ makes them top tier in the eyes of the clients--which is what it's all about after all.
[/quote]

So, it appears that your criteria for a top tier firm is one that has the biggest name in the industry and is a big firm.  I guess that's one approach to evaluating something, Put, and is something that I'm not surprised you'd say.  It's right along the lines of your judging people in our industry in how high they scored on the series 7 or the color of their skin.   Very superficial judgment criteria. 

Jun 20, 2005 1:29 pm

[quote=Duke#1]

So, it appears that your criteria for a top tier firm is one that has the biggest name in the industry and is a big firm.  I guess that's one approach to evaluating something, Put, and is something that I'm not surprised you'd say.  It's right along the lines of your judging people in our industry in how high they scored on the series 7 or the color of their skin.   Very superficial judgment criteria. 

[/quote]

As the saying, "You never get a second chance to make a first impression" teaches just about everything in life is instantly determined.

What I said was that if a broker has to explain to a prospect that he or she works for a brokerage firm they are starting their "at bat" with at least one strike against them.

The prospects don't give a damn about the things that brokers consider.  Do you suppose Mr and Mrs Jones, or even an institutional money manager, gives a damn about pressure to sell a certain fund?  I understand that they should, but what I'm asking is do you think they do?

Top tier firms are top tier because the investors points of view not because of the broker's points of view.
Jun 20, 2005 1:41 pm

[quote=Put Trader]

[quote=maybeeeeeeee]

They can say whatever they like.  I
interviewed at most of the firms out there and got offers from everyone
I interviewed with.  I chose RJ because of :

-excellent management (see Forbes)

-excellent training

-excellent research department (see Penn State Study)

-the high quality of people in this office.  Most of who came from those other firms that people like that dork Put is from.

We might not be the biggest, but I think we are one of the best.  See JD Power study on full service brokerage firms.  We slipped from last year but we are still in the top 5.

 [/quote]

If you are going to get me to buy mutual funds from you, why do I care how good your firm's research department is?

How does the quality of your firm's senior management affect your customers--or you for that matter?

If you are a rookie how do you know if the people in your office are "hgh quality" or not--what do you have to compare to?

Raymond James is not known for its excellent training--what do you have as a comparision to declare that it's excellent?

[/quote]

Put,
If you are going to get me to buy mutual funds from you, why do I care what you scored on your series 7 or series 66?

How does your Series 7 or Series 66 test scores affect your customers -- or you for that matter?

If you are a rookie how do you know if the people in your office are "hgh quality" or not--what do you have to compare to?  Your series 7 or Series 66 scores?

C'mon Put!  Put up or shut up!

Jun 20, 2005 6:17 pm

[quote=Put Trader]
In a nutshell, sure.  If you can find a set of Pass Perfect Series 66 use that, if not either STC or Dearborn will do in a pinch.

I wouldn't even read the book, just do sample questions.  If the explanation for the question does not teach you what you need to know look it up in the book.
[/quote]

Now look who's advising to do the minimums...after all your posts about motivation and doing everything possible to get the highest possible scores...you let me down, Put....but I'm not surprised.

Jun 20, 2005 6:34 pm

[quote=sienna]

[quote=Put Trader]
In a nutshell, sure.  If
you can find a set of Pass Perfect Series 66 use that, if not either
STC or Dearborn will do in a pinch.

I wouldn’t even read the
book, just do sample questions.  If the explanation for the
question does not teach you what you need to know look it up in the
book.
[/quote]

Now look who's advising to do the minimums...after all your posts about motivation and doing everything possible to get the highest possible scores...you let me down, Put....but I'm not surprised.

[/quote]

Did I say that it would not be possible to score 100% using my approach?  All I have ever asked of you slackers is where is the pride in barely passing--where is the pride in setting your goals low?

I also said what I'd do.  I am the smartest man on earth--I can read a sample question and glean what needs to be known.  Mere mortals cannot.

Get back with me when you find me saying, "Try to score a 70--there's no reason to try for anything more."
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