Is it recommended to take a prep course before the exam? I did those required courses to get my Insurance lisences and now before starting an intern position i want to do what i can to be ready for the series 6 exam, there is a 3 day course coming up in a couple weeks, but its about 250 bucks, should i just order a cd instead? i have been studying one of the exam prep books but i dont have an exam simulator can anyone recommend one? i tried the examsimulator.com place,but on checkout IE7 says their security thing has problems, made to another site or outdated,cant remember, any others to use? also, if i get my series 6 done do i have to do the whole series 7 exam? or is it broken up? like since i have the series 6 part done can i just do separate smaller tests later that equal the series 7?
If possible, take the test "cold turkey", without preparation. You might be able to pass and be done with it. If you fail, do the prep class.
I took both the Series 6 & 7.....though there is alot of overlapping info, you still have to sit for the entire series 7 regardless of whether you passed your 6 or not. As for whether the prep course is worthwhile, I have no idea, but I'd imagine you'd probably need more than 3 days to study in order to pass (unless of course you have a photographic memory, have a ton of experience in econ, or are banging a girl at the testing center). Not that the test is difficult, it isn't, but there is still a fairly large volume of info you need to know. If you have a background in Economics, it'll help, but I still think you'll need more than three days. I would just buy the Dearborn or STC books/CD's, do practice questions, and take the test in a few weeks (I took my 6 in three weeks, my 7 in four weeks 1.5 years apart). If you don't have that much time, and need your series 6 asap, i guess a seminar is your only option.
I have a book for the 6 and 63, and actually the 7 too i have been studying the 6 for a while now actually, i am in school for finance but havent taken some of the major classes i think i need for the 7 (advanced investments) but i have done the rest like principles of investments and economics, financial managment, i have a month off from school so i was just wondering if it would make sense to take a course like that, a prep thing anyway, since it seems you are in the field, do you know if those CFS or CMFS designations are worthwhile (certified fund specialist or certified mutual fund specialist) they are online programs that have testing at the end, cost is 750 for the cmfs and 1150 for cfs, just wondering if employers even care about that or do they just look at the series 6 or 7 and thats what matters? like i said i have a month off, so i could get quite a bit of it done before going back to school
the best part about these classes are the tests you do in the evenings and the briefings during class afterwards. Taking the test is a breese. I sometimes attend along side of students that I need to put in place for some types of sales and planning stuff. Most instructors are not traders or real investment savvy. Usually there are people in the classes that are street smart. They usually are encouraged to participate.
Those designations are basically worthless...I'm assuming your getting into the financial planning/insurance end of the business (which i left a little over a year ago). In that business, there are only a few designations that are worthwhile....CFP, CFA, and ChFC. It's no surprise that these are also the toughest designations to get. Don't waste your time and money getting the alphabet after your name unless they actually mean something.