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Do the terms hypothecation, diluted earnings, and inverted yield curve give you a headache? Do you need to take the Series 65 exam? If you can answer yes to both of these questions, then you've come to the right place.Robert Walker, a professional trainer who specializes in the FINRA Series 63, 65/66, 6, and 7 exams, has written this book for those who are about to brave the Series 65 examination. Armed with an M.F.A. in writing and a B.A. in English, Walker has managed to translate Securities-ese into plain English, with a liberal dash of humor.
This must-have book guides you through the intricacies of the Series 65 exam. Walker takes the exam apart piece by piece, and explains terms and concepts with a sense of humor and ease not found in other exam guides. He shows you, step-by-step, how not to be misled by the questions. In addition to practice questions liberally sprinkled throughout its lessons, Pass the 65 includes a targeted quiz following each of the four sections as well as an expanded glossary.
Once you've finished this book, you will be able to take the test with confidence!
- Sales Rank: #212776 in Books
- Published on: 2006-02
- Ingredients: Example Ingredients
- Original language: English
- Number of items: 1
- Dimensions: .93" h x 8.25" w x 11.00" l,
- Binding: Paperback
- 460 pages
Review
I passed the test [the Series 65] with flying colors. Your study material, particularly the book and the online exams, were the difference maker. Other individuals in my firm used exam prep courses from other companies and unfortunately did not pass the exam. Thank you for creating such a great product. Everyone in my firm will use your products going forward. --Chris T. Chambers, Senior Partner, My Harvest Field, Inc., Clearwater, FL
Just wanted to let all of you know that I passed the 65. Thank you so much for all your help. Your study materials(book, audio, and exam simulator) were instrumental in my passing this test the first time! I'll be sure to let any future test takers in my office know about your products! Thanks again! --Sandy Widmer, BGR Financial Group, LLC, Tucson, AZ
I just wanted to let you know that I passed the Series 65! Thank you for your materials they were EXTREMELY helpful! I have to admit I procrastinated and waited until the weekend before my test to really start studying, but your CDs, the practice exams and the book helped me cram and focus on the important parts. --James E. Robson, Jr., The Everett Group, LLC
About the Author
Robert Walker is a professional trainer who specializes in the FINRA Series 63, 65/66, 6, and 7 exams. Armed with an M.F.A. in writing and a B.A. in English, Walker has managed to translate Securities-ese into plain English, with a liberal dash of humor.
Most helpful customer reviews
6 of 6 people found the following review helpful.
we are not dummies
By Max Risman
Series 65 is not that difficult. There are some things you have to memorize and some things you have to understand. The author for some reason thinks that the cohort of people striving to pass series 65 exam are squarely in lowest IQ quartile. He tries to cover topics of series 65 in jovial (or what he thinks is jovial) language, thinking perhaps that it makes things easier to understand. Well, it does not. Instead of making everything clear and structured, he buries important concepts in an avalanche of unnecessary words. I studied using this book for 2 weeks and thought I was ready. Then I took Kaplan mock test and got 70%. I panicked and bought Qdarabase from Kaplan and studied for the remaining 3 days. The actual exam questions were very much close to Kaplan questions.
Do not waste time on this book. For the same amount money buy Kaplan Qdatabase.
30 of 33 people found the following review helpful.
Very disappointing
By Erik Townsend
UPDATE #2 Dec 29, 2012: I passed the 65 today with a score of 92, and the very first thing I wanted to do was to come write ANOTHER review of this abysmal book, just to get my frustration and annoyance out of my system. But Amazon seems to limit reviews to one per customer per book.
So let me just reiterate: THIS BOOK IS AWFUL. Almost NONE of the questions I got on the actual test were material addressed by Walker in this book. Had I relied on the book alone, I never would have passed. I've also come around to the same conclusion that was alluded in the long thread of comments on the prior edition of this book: All the glowing accolades in the positive reviews seem to follow the same writing style, and I am guessing they are either frauds or Walker is asking students in his classes to write them.
As I and several people have said before: If you want to pass the '65, forget this pathetic book, and go to [...], and buy the "QBANK" product. Important: Don't make the mistake I did and buy the $25 "Practice tests" product - that only lets you take TWO practice tests. You want the $75 QBANK, which allows you to take an unlimited number of practice tests. The stuff on Kaplan just about exactly mirrored what was actually on the test. Walker and this miserable book are out in left field. I can't find words to communicate how strongly I recommend AVOIDING this lousy publication.
UPDATE: Now that I've moved on to the Kaplan online practice tests, I've realized that this book (or any other book for that matter) is a complete waste of time. If you want to pass the 65, go to kfeducation.com and buy the "Qbank" product for $74.50, and just start taking practice tests. For each question you get wrong, the system tells you the right answer and provides an explanation of why it's the right answer. Just take a few practice tests and you'll be fine. Not only was this book not helpful, but there is a LOT on the test that is never even covered in the book.
--Original review follows--
I'm dubmfounded by the 40+ glowing reviews for the previous version (although there was also commentary in those reviews about some of them looking suspicious). This book is mediocre at best.
Walker repeatedly recites an SEC or FINRA document that is clear, concise, and written in plain, easily understood English. Then he adds a section of his own at least 3 times longer which he calls the "Plain English Translation". But the original version was already written in plain English, and was far more concise! He adds distracting, time-wasting analogies and metaphors that simply don't help in any way. They waste time and space, nothing more. He also seems to go to great effort to add humor in an attempt to make dry material more interesting. But his humor isn't terribly entertaining, and I'd much rather have had a SHORTER book that left out the corny jokes and just focused on test prep.
The really frustrating part is that the most essential parts of the book are buried in these long, boring passages of irrelevance. The test is full of "trick questions" that you need to know about. For example, there is a question that asks about a business that makes a large capital expenditure using bank financing to buy equipment, and the question wants to know about how much "cashflow from financing" was involved. According to NASAA/FINRA, "cashflow from financing" refers only to primary market issuance of new debt or equity securities, not to bank loans, so the answer is none. Obviously you'd never get that right if you didn't have Walker to tell you what they're looking for. But these critically important nuggets of information are buried in a SEA of irrelevant, unnecessarily long-winded attempts by Walker to translate something that was already written in plain English into what he thinks is "Plain English". Frankly, his version is less Plain and readable than the original he's "translating" in most cases.
Walker's own financial knowledge seems quite suspect as well. He reinforces the popular myth that an investor who suffers a principal loss in a long-dated fixed income position due to rising interest rates never actually loses anything if they hold the position to maturity. (This popular myth comes from ignorance of opportunity cost). And his attempt to explain the difference between price- and cap-weighted indices clearly reveals that he doesn't understand the material himself. He also fails to correctly distinguish Beta from R-squared.
In summary, this book would be better titled "The seriously clueless dummy's guide to the 65". If you really can't understand the various plain-English documents from NASAA and FINRA, and suffer such an extreme deficit of financial acumen that you need someone like Walker to spoon feed you a dumbed-down version of the concepts that will let you just barely scrape by and past the test despite not really knowing the material, this book is for you. But if you already know the Finance 101 stuff and just need a concise study guide that highlights the trick questions and enumerates the specific "testable points", you will likely encounter, you're probably going to be very frustrated by Walker's failure to present that information concisely.
Did you understand what I just wrote above, or would you like me to repeat myself three or four more times, using dubiously relevant analogies and metaphors to illustrate points that were already clear? If your learning style is such that you need a few more repeats of the same ideas, expressed through story-telling and irrelevance, this book is for you.
1 of 1 people found the following review helpful.
Heck, I scored more than I needed.
By Dennis Aron
I highly recommend this book. I liked the casual style and the quirky sense of humor scattered through out the book. It's good to crack a smile while you're learning dry material. I did the Series 63 and 73 3 years ago, so some of this was a review. I read through the chapters highlighting the stuff I wanted to remember, took the quizzes and practice exams, highlighting the ones I missed and then reviewed all the highlighting before the test. Over 5 days between scheduling and taking the exam I probably spend just over 20 hours with the book. I scored 90.
Positives:
1 It didn't go into gory detail: it gave you what you need to PASS the exam.
2 The three study sheets were great for cramming and knowing what you need to know.
3 The focus of this book is PASSING.
4 the Powerpoint presentation video on his web site was nicely done and was a good review the day before the exam.
5 It didn't cover everything that was asked on my exam, but then again, you can't cover all the material that could appear and still have something that can be studied in 20 hours. It covered enough to PASS the exam.
Negatives:
1 There were 3-4 errors, I believe all in answers to questions. Not a big deal, but annoying.
2 Many of the questions were duplicated, some on all three exams. I would have preferred different ones, but they were reinforcing and, after all, I did pass.
4 Other than the video, there were no updates in 2008 for a book dated 2006. While it turned out that I didn't need it on the test, it would have been comforting (but obviously not necessary, to at least have updated tables on current levels of limits and contributions for various instruments.
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