Only started the channel January 1 so not sure what my expectation should be on view counts. Channel is over 4,000. And most popular lecture posted is approaching 600 views. Good? Bad? Who knows. I don't.
Cream rises to the top. Your content is the best supplemental material out there. Your Q2 growth will be a lot larger than 3,000 even if you stop producing new content.
I took my SIE, 6 and 63 last year, when I graduated college. I decided to take my 7 this year, and these videos have helped me get reacquainted with the material and have sped up the process so much. Thank you so much for your time!!!
Kudos on your past testing victories and your future testing victory! Always very gratifying when this channel contributes to test taking victories like yours
Dean would you consider doing a lecture on Taxation? Obviously it's a topic sprinkled throughout everything (and you have really helped me focus my understanding). The thought occurred to me though that it'd be kind of useful to have it all in one place. Thanks again for everything; you have been more helpful than I could ever articulate!
Ok, at 35:52, when discussing Account Changes, on my exam I had a question pertaining to a name change and “principal approval required” was one option and “essential facts must be documented” was another option and the other two were totally wrong. In this case, which would be more right if you had to choose between the two? This question had me scratching my head.
My S6 exam tomorrow, I worked with Chase bank and I really need to passss thank you Dean for all Video, any last min advice or Vedic to go over bc did not find much Vedic for S6 :( :(
Hello Dean, should we expect any questions in regards to ACATs and TIFs? Also do you have a video on Order Entry tickets and Order confirmation. I keep mixing up what goes on each. Thanks for the great videos.
@@Series7Guru Thank you. The finra site in regards to customer transfer makes it sound confusing, and I was confused what was 3 day and what was 1. thanks again Dean.
@series7guru What is the difference between a roth and a roth 401K? Can you have a roth 403(b)? Roths are IRAs, pension plans are IRAs, correct? I think I'm getting confused about what are accounts vs what are rules applied to an account (Roths?)...
You only need to contrast a Traditional IRA with a Roth IRA. 403b is a qualified plan for employees of educational institutions and non-profits. Not an IRA. 401k is a qualified retirement plan offered by employers. It is not an IRA.
Hi Dean just a question about TOD @ 28:03, "cost basis is stepped up", just to clarify, it means the potential tax on the gains would be passed over? It would be as if the recipient purchased the portfolio at current market price, so if they sell = no capital gains tax? Thanks for another great video! EDIT: Just realised you touch on this at 29.13 actually.
Killing it, Dean. Been watching your videos and test on April 3rd. Out of curiosity, how did you become involved with the Las Vegas Raiders? Are you still involved with them now? If so, in what capacity?
Update to I failed the 7 by a few questions. The question that kept coming up is Do Mutual Funds offer safety of principal? Plus cost basis. And I got screw with a lot of options. 1 margin- 2 and not much on municipals
Your capital is at risk in a mutual fund as it is with any security. Some mutual funds are safer than others depending on the portfolio of securities they are holding. What you have avoided is nonsystematic or selection risk in a mutual fund. What you have not avoided is systematic risk. That risk prevails despite diversification. Cost basis is simply what you paid for the security or investment. For exampl if I buy Apple tomorrow at $151 per share that is my cost basis.
Hey dean, I’m confused about JTWROS. I know when one of the account holders dies 100% goes to the survivor. But if 100% goes to the survivor how does the proceeds also go to the estate?
Deien, I always get a test question that I can never remember the answer to. It says something about a joint account between a husband and a wife and a husband wants to liquidate shares in the joint account and transfer it to his own account. One of the answers is “he needs written permission from the wife” and another was to go ahead with the liquidation. I would assume he could do that if the wife gave permission?
45:10 my Exam FX practice test actually tested me on the 20% withholding the employer does when you cash a 401k. I’m like really? Is that really going to be on the test. Now I know though
Donor and custodian can be the same person or donor and custodian can be different persons. Donor or donors fund the account and the custodian manages the account. Very testable, the account can only have one custodian and one minor per account. Good way to remember it is one on one. The account registration would look like this: Dean Tinney as custodian for Brian Tinney, UTMA NV Again, this account for Brian can have multiple donors including me. Kid's Tax ID is used. No margin. Irrevocable.
I made my test date April 2nd that said I am preparing same way I did for sie and your videos are a great way to gauge my knowledge, what I had to go back and focus on. I know your busy, and understand I am not the only person here. I can postpone the date. don’t feel rushed to post I appreciate your taking the time. Your videos are that effective and help immensely. Can’t rush success and is well worth the wait. Thanks Dean all the best.
Only started the channel January 1 so not sure what my expectation should be on view counts. Channel is over 4,000. And most popular lecture posted is approaching 600 views. Good? Bad? Who knows. I don't.
You’re doing an amazing job.
Cream rises to the top. Your content is the best supplemental material out there. Your Q2 growth will be a lot larger than 3,000 even if you stop producing new content.
Came a long way Dean great job
Nice Dean been helping me a lot, glad you started this channel 😊
I took my SIE, 6 and 63 last year, when I graduated college. I decided to take my 7 this year, and these videos have helped me get reacquainted with the material and have sped up the process so much. Thank you so much for your time!!!
Kudos on your past testing victories and your future testing victory!
Always very gratifying when this channel contributes to test taking victories like yours
Love how you explain concepts with simple words and examples 👏
Past my Series 7!
Thanks for all your help Dean.
You’re a legend!
Kudos on passing your Series 7 exam!!!
Always very gratifying when my help contributes to testing victories like yours.
This is your funniest lecture so far (and I've enjoyed them all so far!).
Lol.
Dean would you consider doing a lecture on Taxation? Obviously it's a topic sprinkled throughout everything (and you have really helped me focus my understanding). The thought occurred to me though that it'd be kind of useful to have it all in one place. Thanks again for everything; you have been more helpful than I could ever articulate!
Done. It has been published.
Love your content and stories. Thanks for mentioning TIAA-CREF, proud former Ops employee for 23 years
The Teachers! Low profile billions. Lol.
Thank you!! This was amazing and so helpful real life situations, loving your videos ❤❤❤
Glad you are finding them helpful
Great summary, continue to go down the your list of S7 videos. Find every single one helpful. Thank you so much!
Glad you like them!
I Must Conquer the 6!!! This helps Greatly!! Thanks.
De nada
This is very good and helpful. Thank you ❤
Glad you found it helpful.
Thank you so much . My SIE is coming up soon and I love all your lectures .
Glad you like them!
the eye problem joke was a good 1
Ok, at 35:52, when discussing Account Changes, on my exam I had a question pertaining to a name change and “principal approval required” was one option and “essential facts must be documented” was another option and the other two were totally wrong. In this case, which would be more right if you had to choose between the two?
This question had me scratching my head.
Principal
awesome video and channel! Recommending this to my SIE class
Thank you so much.
My S6 exam tomorrow, I worked with Chase bank and I really need to passss
thank you Dean for all Video, any last min advice or Vedic to go over bc did not find much Vedic for S6 :( :(
Get a good night's rest! Sending you good test vibes!
Hi Dean, I was wondering if I’m a RR in a firm just opening a mutual fund or fixed annuity do I need confirmation from my employer as well? Thank you!
Not sure how you would open just a mutual fund without opening a brokerage account.
Amazing content
I live in tampa florida if you ever need anything!
Noted
Hi! Can you please make a video on customer communication and requirements applied to those communications? Thank you for all that you do!!
There is one. Use the channel search bar.
Extremely helpful!
Glad it was helpful!
Hello Dean, should we expect any questions in regards to ACATs and TIFs? Also do you have a video on Order Entry tickets and Order confirmation. I keep mixing up what goes on each. Thanks for the great videos.
You definitely need to know upon receipt of TIF have one day to verify and using ACATS three days to transfer.
@@Series7Guru Thank you. The finra site in regards to customer transfer makes it sound confusing, and I was confused what was 3 day and what was 1. thanks again Dean.
My exam this time around had at least 5 questions about the 529 plans :(
*Series 6 Exam had the 529 plans^
Thx
@series7guru What is the difference between a roth and a roth 401K? Can you have a roth 403(b)? Roths are IRAs, pension plans are IRAs, correct? I think I'm getting confused about what are accounts vs what are rules applied to an account (Roths?)...
You only need to contrast a Traditional IRA with a Roth IRA. 403b is a qualified plan for employees of educational institutions and non-profits. Not an IRA. 401k is a qualified retirement plan offered by employers. It is not an IRA.
Hi Dean just a question about TOD @ 28:03, "cost basis is stepped up", just to clarify, it means the potential tax on the gains would be passed over? It would be as if the recipient purchased the portfolio at current market price, so if they sell = no capital gains tax?
Thanks for another great video!
EDIT: Just realised you touch on this at 29.13 actually.
Yes.
Thanks Dean! This has helped! Plan on doing a lesson on VA's?
Glad to hear you found it helpful. Customer accounts is very testable.
Hey Dean can you add a link to the margin video, thanks!
ua-cam.com/video/XsAhYJS5Dp8/v-deo.html
Killing it, Dean. Been watching your videos and test on April 3rd. Out of curiosity, how did you become involved with the Las Vegas Raiders? Are you still involved with them now? If so, in what capacity?
Casually know Mark Davis. And at one time Warrior ownership and Raider ownership were pretty tight.
@@Series7Guru Very cool, thanks for posting this content. While the view counts aren't astronomical, those who do watch are very appreciative
@@Series7Guru WOW! I'm a die hard Raiders fan. Sucks we lost to the Bengals but had a good year minus the front office turmoil.
Great video Dean
Thank you.
Thanks Dean!
De nada.
Hey Dean, do you have a lecture on Trust Account Elements for the 66 by any chance?
I cover it in the explication of the test specifications
Update to I failed the 7 by a few questions. The question that kept coming up is Do Mutual Funds offer safety of principal? Plus cost basis. And I got screw with a lot of options. 1 margin- 2 and not much on municipals
Your capital is at risk in a mutual fund as it is with any security. Some mutual funds are safer than others depending on the portfolio of securities they are holding. What you have avoided is nonsystematic or selection risk in a mutual fund. What you have not avoided is systematic risk. That risk prevails despite diversification. Cost basis is simply what you paid for the security or investment. For exampl if I buy Apple tomorrow at $151 per share that is my cost basis.
Hey dean, I’m confused about JTWROS. I know when one of the account holders dies 100% goes to the survivor. But if 100% goes to the survivor how does the proceeds also go to the estate?
It does not go to the estate the decedent's share goes to the survivor. Tenants in common decedent's share goes to their estate
@@Series7Guru thank you for the clarification
Deien, I always get a test question that I can never remember the answer to. It says something about a joint account between a husband and a wife and a husband wants to liquidate shares in the joint account and transfer it to his own account. One of the answers is “he needs written permission from the wife” and another was to go ahead with the liquidation. I would assume he could do that if the wife gave permission?
We would liquidate. Either party can act. But to transfer proceeds need permission of the other party.
Hey Dean, have they changed the RMD age to 73? And if so should I expect that change to be expressed on an exam?
They have and you should answer accordingly. It is tested and it is 73.
45:10 my Exam FX practice test actually tested me on the 20% withholding the employer does when you cash a 401k. I’m like really? Is that really going to be on the test. Now I know though
Dean! I am trying to find a video on Equity Stock Options pls help!!!
ua-cam.com/video/VkZPeOZEEcY/v-deo.html
Dean can you creat on video on cost basis of all transactions and maybe more in-depth on mutual funds and annuities?
I have a taxation video that covers it.
Every Ridiculous Idea Since Adam = LOLOLOLOL
For JTIC accounts, who is responsible if a Margin account gets called? Are both equally responsible for payback?
Not on the test. B/D doesn't care because the call must be met in total.
@@Series7Guru This was a question I got on the test, I wonder if it was one of the ten not scored?
@@tiffanyhart9491 the securities n the JTIC would be liquidated to meet the call.
Dean as last minute for the 7 which topic is most tested?
Munis, mutual funds, and options.
Hi Dean, May I ask what’s the difference between Donor and custodian? Is they have to be same person in term of UGMA?
Donor and custodian can be the same person or donor and custodian can be different persons.
Donor or donors fund the account and the custodian manages the account.
Very testable, the account can only have one custodian and one minor per account. Good way to remember it is one on one.
The account registration would look like this:
Dean Tinney as custodian for Brian Tinney, UTMA NV
Again, this account for Brian can have multiple donors including me.
Kid's Tax ID is used. No margin. Irrevocable.
@@Series7Guru thank you so mcuh
if the customer made a transaction every month, will it be a monthly account statement send to the customer ?
No. Rule has been changed. Quarterly. Only thing that triggers monthly statement is if there is a penny stock in the account. Very testable.
can you do a practice series 6 or suitably for series 6 ? Thank you for all you do. Dean is a Life saver
Yes. Let me get the 65/66 done then I will do the 6. When do you test?
I made my test date April 2nd that said I am preparing same way I did for sie and your videos are a great way to gauge my knowledge, what I had to go back and focus on. I know your busy, and understand I am not the only person here. I can postpone the date. don’t feel rushed to post I appreciate your taking the time. Your videos are that effective and help immensely. Can’t rush success and is well worth the wait. Thanks Dean all the best.
@@TheCRPS let me check my calendar. Will do that this afternoon.
Just took the test and this section messed me up
Damn
Murphy account 😂
My wife and I joke about having to share our brokerage account with some guy named J.T. Tenwros.
Lol. There are genuinely people who call their broker and say there is a typo. What is the typo? JTWROS. LOL.