Thursday, September 11, 2014

Self Sponsor FINRA Broker Exams - Series 65, Series 63, Get Sponsorship for Series 7

Financial Courses To Take To Get Connected With The Best Firms and Command a Salary

Need a Series 7? or Sponsor? Maybe set up your own firm or Jump Over the others with your credentials and get the set up or job you want!

Many people who contact us are looking to take the Series 7 or Series 24 and are looking for a sponsor. Truth is, MOST firms will not sponsor someone - even for a fee if the person is not going to work for them, in some capacity. This "capacity" could be working through a firm as an independent Rep - maybe even part time. Years ago the idea of "parking" a license or getting sponsored for a license was easier. Now, with the regulator authorities and compliance - firms will not risk having a ghost employee.

Every Rep costs money to a firm. Even if you are not there physically.

What Can A New Broker Do?

Many brokerage firms who say they "require a Series 7 License" or Series 6 are looking for producing brokers. Passing the exam on your own after they hire you does not take long. HOWEVER, almost all firms are multi market oriented. Meaning they SELL Stocks, Bonds, Funds, Insurance, Fee based Planning and more. The days of just trading for commission have been over for a while now - unless you are in an active trading market like Series 3 Commodities or the high flying Forex Global Market.

Truth is your average experienced Life Insurance Products Broker makes more than most Stockbrokers. A CFA or CFP designation does not need sponsorship and get you BIG BUCKS from BIG FIRMS.

Strongly Consider adding some of these Licenses to add to your resume and to add to your income. FIRMS WANT MORE.

and Save this Page! This is what full service firms look for and engage in. If you have passed these, a firm looking to sponsor for 6, 7 or 24 will figure it's no problem for you to sit for them and Sponsorship is more likely - even before you get brought on. You also have a shot at a salary and not just commission with a meager draw like most incoming trainees get.

NONE OF THESE REQUIRE A FIRM TO SPONSOR and you can email us anytime for help in the set up to take the tests once you are ready. NO OTHER TRAINING COMPANY OFFERS TEST REGISTRATION SUPPORT. WE DO.

Series 3, Series 30, Series 31, and Series 34 - Futures and Commodities Licensing

Series 63 - Almost all brokers require a Series 63, why not get it first.

Series 65 - Registered Investment Advisor/Fee Based Advisor

Series 66 - * Can take without a sponsor but only "usable" with a Series 7. Still, you'll have it at least first.

Life Insurance License - This is not the old days of selling insurance. Long term investment based insurance products bring in tons of money and with renewals.

CFA Chartered Financial Analyst - Tougher exam in 3 parts but highly respected.

Certified Financial Planner CFP - You can land at a "serious" firm with this. Series 7 will be a "dunk" if you become a CFP.

Friday, September 5, 2014

Series 7 Expiration

To get a Series 7 certification, you must study and pass the exam. The license is good for 2 years, after your last employment. The Series 7 can be transferred to a broker dealer if you leave your firm. So if you remain with a brokerage firm, the license will not expire at any time, though it could be revoked or suspended - you don't want that.

Some will look to seek a brokerage firm to park their license - meaning to transfer it to a firm while you are not really working for them. This used to be easier years ago. Some firms would do this for an extra fee for carrying your license (to avoid it expiring), but FINRA and compliance departments will not allow this.

There are independent firms who will sponsor or take on your Series 7 or Series 24 for professionals or experienced brokers.

The only of getting your license renewed (less a special waiver by FINRA), is to re-take the exam itself.

Brokerage firms are always hiring people with the Series 7 certification. It means you are licensed and qualified to sell stocks, bonds and other registered securities.

You should consider adding other certifications to your resume including the Series 65, Series 63 and others.

Jobs are much easier to find after becoming certified with various licenses that do not require sponsorship, should your Series 7 expire

American Investment Training


Monday, September 1, 2014

Series 7 Crash Course

Students with an upcoming test date for the series 7 will look to take a crash course or class. These classes in actual classroom locations are getting more scarce as most training companies offer online classes or virtual crash courses.

Students studying for the Series 7 in larger cities like New York or LA may find actual locations, but most find it easier to use a web based or video course online. A "crash course" should only be taken if you are already pre-studying with updated and quality training material. These include books and testing software. These are available through American Investment Training. AIT also provides other helpful links and an investment Glossary.

A typical class will cover near 40 hours worth of material. These can normally be paused or viewed as you have the time. The best part about an online setting is you can time it as close to your actual test date.

Available Crash Courses Online

Series 7 with teacher instruction

You can view sample content and a full monthly schedule for upcoming classes. Easier for note taking and retention as you can't "pause" an actual person :) Price also is less than having to drive to a live course.

Best of luck on passing the Series 7. Know where the exam focuses on and be strong in those areas.

More Help Blogs: Understanding Bond Yields - Corporate Bonds Blog

Thursday, August 7, 2014

Options Practice Questions - Exam Help and Tips

Stock with Options Practice Questions - For Series 7 exam or other educational tests.

Some more sample option contract examples and how to look at them correctly:

Short 100 Shares of JKO at $65 and is long (buys) 1 OCT 70 JKO Call for $200

First TIP Help is ALWAYS focus on the stock. The option is only there for one of 2 reasons. For income - which this is not because the option was bought or PROTECTION - and that is the case HERE. A call gives the investor the right to buy the stock at 70. That does not effect the main strategy or focus which is the stock position. Stock positions will have more money invested than an option premium in most cases. So whether the stock is bought or shorted - there is $6500 on the line here, or at least there would be without the protection hedge.

Hedging and protection

The maximum loss WITHOUT the call option here would have been unlimited. Selling stock short is extremely risky if left uncovered. You are obligated to buy back or "cover" the short sale and that price is unknown and when the investor buys back the stock is not known. The option is a like a stop loss order but a little better. Better because unlike a stop loss order, an option is only used if YOU choose to. Problem with the call contract is the cost (premium) which will hit your profit potential. If the option were not there, the maximum gain WOULD BE $6500, since the stock could go to Zero. But because the option cost $200, The maximum gain is $6300

How to figure Break Even

Break even on stock with options together is always cost. Cost spent or net cost received. In this case, the net cost received is $6300, so the break-even is 63

The "add on calls and subtract on puts" break even rules with single options does not apply here. FOCUS ON THE STOCK!

Back to the MAXIMUM LOSS. Since we know that would have been unlimited if the stock was shorted naked without a hedge, the maximum loss here is the difference between the short sale of $6500 and where the stock can be bought back (70), which is $500 plus the premium of $200 = $700 THAT IS THE ONLY WAY TO LOOK AT THESE POSITIONS FOR THE SERIES 7 - SERIES 4 or other exam.

Stock positions are the main play. Options are for hedging - Getting income to lower breakeven or protection. You can only protect when you buy the option. Selling is for income.

Try not to memorize these things. Look to make sense out of them. You have enough to memorize (formulas, rules etc.). Options should not be one of them.

American Investment Training Broker Study Prep

The Winning Trade System - Options Trading Strategies For Indexes, ETF, Stocks - Small Frequent Wins and Ratio Trading - Professional Trader Thinking, Calls and Puts, The Greeks, Technical Analysis - Video Training Course From 26 Year Veteran Trader - Over 20 Hours of Video

Thursday, July 24, 2014

Options for Series 7 Exam - Stock and Options: Writing Calls

One of the areas in the options section of the Series 7 test are strategies involving Long Stock positions with writing or selling call options. This is called Writing Covered Calls

Options themselves are risky, but writing calls on the same stock that is owned is considered the most conservative of options strategies. So, if you are taking the Series 7 exam, Series 4 or other FINRA test that will ask options questions, try to be mindful that if you own the stock on the call you are writing, your risk on the option side will be low. But if the stock falls to the floor, the option is not going to help you much, except the premium you got.

Reason for Selling or shorting calls with stock

Income is the #1 reason. Income from the premium received, since you are selling the option. You anticipate the stock to be relatively stable or perhaps rise a little or even go down some. The premium on the call offers you a lower breakeven on the stock position because of the premium received.

Example: Buy 100 shares of TRS at $50 and Write 1 TRS Feb 55 Call for $300.

No one can read an investor or traders mind exactly, but on the Series 7 Test, you will be asked what the maximum gain, loss, breakeven and a scenario "stock rises to X and the call is exercised or stock falls and the call expires etc.

It all comes down to common sense and assuming you know what the obligation is when you sell or write Options. when you write a call option, you receive money (premium), but you are obligated to deliver (sell) 100 shares of the stock at the strike price. If you own the stock, the loss liability is limited. In the example above, you already own the stock - and at a lower price than the strike price. You have some profit risk because if the stock rises to 70 or something crazy, the call will most certainly be exercised, and you will be forced to sell at 55. Any situation where the stock rises and the call is exercised, you will have realized your maximum gain. In ANY case THE MAXIMUM GAIN IS: $500 on the stock (difference from share price and strike price and $300 (premium received) = $800

Break even on Covered Calls

Series 7 option questions or if you are a novice options trader, Break-even on covered calls with stock is always COST. Price of stock less premium received. BREAKEVEN HERE IS: 47 Always focus on the stock when figuring out losses, gains and break even You need to answer these questions differently than if they were single contracts where you are taught to add the premium to the strike price on calls. THE STOCK IS THE BIG PICTURE ALWAYS. The option is there for income.

Maximum loss on Stock and selling calls

When options are sold or written, they are for income and to lower break-even. They are not there to protect the stock declining beyond the break-even. If you owned this position, you are good to 47, but any lower than 47 - it's ALL exposed. So the maximum loss is the same as the breakeven - in real dollars = $4700

Good luck on the Series 7 or any exam you are studying for.

Any questions or comments, feel free to leave. Spam or links to unrelated content will not be published, so don't waste your time :)

Nick Hunter

American Investment Training

Pro Forex Master

Before the age of computing power, the professionals used to analyze every single chart to search for chart patterns. This kind of analysis was very time consuming, but it was worth it. Now it's time to use powerful dedicated computers that will do the job for you: NEWBIES HAVE EARNED 3-4 TIMES THEIR MONEY FIRST MONTH

The 3 Week Diet

Monday, July 14, 2014

Stockbroker Recruiters - Free Series 7 leads, Any brokers to find lists or hire, own BROKERJOBS.COM

Firms and managers looking to hire or find stockbroker producers, licensed Series 7 brokers can do it all for themselves with one online asset

find mortgage brokers, insurance agents, real estate, forex. All recruiting needs. No more buying lists or looking for email lists of licensed brokers

GET YOUR OWN LEADS - Site is SELLING AND AUCTIONED CHEAP. We are looking to move it and will not last.

FREE BROKER LEAD LIST - email leads for free when you own the site or charge for them if the stockbroker or other leads are not being used by you.

Perfect for headhunters and recruiters. Free broker leads flowing in to a generic name site and you make the placements!

The uses are ENDLESS

WWW.BROKERJOBS.COM - And it's for sale - Owned by American Investment Training. This is a DOMAIN NAME. This website can be owned by YOU and capture any broker type lead you want or need. Broker Jobs .com is a fantastic name. The site can jump right to your company page or it can be used for online recruiting with a form to recruit Brokers of all types.

AIT is looking to sell this domain to a headhunter, firm or anyone looking to buy leads, find leads, trainees, Licensed Producers.

- we are stepping out of the recruiting side vs. the FINRA and other broker training portion of our business.

This is an asset that can bring all types of brokers to you and again YOU own it. You host wherever you want and put any content that you want.

Some Ideas to recruit brokers - Series 7, mortgage brokers, investment, stockbrokers and more.

Go to WWW.BROKERJOBS.COM - Link on bottom right will take you to offering page - We are negotiable! Valued over $10,000 and we think THAT is cheap. It is available online right now for more than 2/3 off that and we will accept offers.

BROKER JOBS .com is not a name that will last! -

Think of the hook and advertising

American Investment Training is a FINRA licensing school for stockbrokers, insurance agents and brokers, real estate, mortgage and more. We used to recruit for our firms but we consider it a conflict now. So, we need an entity who is looking to:

Use Headhunter Recruiters for Series 7 stockbrokers

Buy Mortgage Broker Leads (now this helps with that or you don't need to do that ANYMORE. THIS IS A BRAND.

No more stockbroker lists to buy

OWN BROKER JOBS DOT COM - Or make an offer. 1 broker pays for it and you own it forever! (if you want and choose to register it long term). Aged domain (which is good search engine wise) - Over 12 years

Any stockbroker recruiters, people looking to buy mortgage broker lists, Real estate, forex.



Thank You

American Investment Training

Contact Nick at aitbroker at gmail dot com if you have any questions or wish to make a private offer.

Saturday, June 28, 2014

Series 7 Options Help - Stocks with Put option positions. How to figure gains and losses for exam.

Options are a decent size portions of the Series 7 exam. They come in various combinations and set ups on the Series 7. These include Options alone, spreads (buying and selling one type), straddles (using call and puts) and Stock Positions with Options.

This post focuses on Stock with Put Options Together and how to quickly figure out gains, losses and break even points for the series 7 exam. You will ACE Options if you look at with common sense. Not with memorization graphs.

What you have to remember is whenever you see options with a stock position, whether that stock position is Long Or Short - the option is used for only 1 of 2 things. Protection or Income. It is never the main focus of the strategy. So, when you are looking at the strategy and trying see where the maximum gains and maximum losses could come from, think of where your money is tied up.

If you owned 100 shares of TRW Stock at $86, you have $8600 invested. Now, if on the Series 7 exam you see a position like this and a Buy 1 TRW 80 Put for $300 with it, it's important to see what is going on. When you own stock, you want it to go up. A put option is the right to sell the stock at the strike price (80). If the put was purchased alone, without a long stock position on the same stock, then you would want the stock to go down. Your maximum gain is based on the stock decreasing. HOWEVER, if it is owned with a long stock position, the Put is their only for protection.

In the Example:

Buy 100 Shares TRW at $86 and Buys 1 TRW 80 Put for $300

FOCUS ON THE STOCK when looking at gains, losses and Breakeven.

The put does not get in the way of your stock gain. Focus on the stock means you always want stock you have bought to go up. The option, whether it is a call or put is there for income or protection. In this case the Put was bought, so obviously this is not for income. It is for protection of the stock going down.

For this reason The maximum gain is always unlimited when you own stock and own a put. A premium was paid, so that will come off the gain, but the gain is still UNLIMITED. The stock could go to $100, $200....

Maximum Loss - The put is there to protect the stock - that is IT. Best case scenario is the stock goes through the roof and the put expires, but without the put, the stock could fall to 0. The put allows the stock to be sold at 80, regardless of how low the stock goes. It works as a stop-loss order. Only, the option is not "triggered" automatically like a stop order. The Investor must exercise the option and the put option as a cost. In this case $300. So, The maximum loss for this stock and put position is the point loss difference in the stock at 86 and the guaranteed sell price of 80, which is $600 plus the $300 premium paid. Answer: $900.

Break even point with stock and options is VERY simple for the Series 7 exam. It is total cost spent. Stock position and premium paid or received. Stock cost was 86 - premium was 3, so BREAKEVEN IS 89 You start making money at 90. Watch for that trick question. The break even and profit point are NOT THE SAME.

I hope that helped with your understanding of stock and put options for gains, losses and break even. Feel free to add or comment. I will hopefully get to another post on calls with stock and short positions. PASS THE SERIES 7 EXAM!

Nick Hunter American Investment Training Live Virtual Series 7 Classes