This series on critical business skills looks great :)

https://www.thegreatcourses.com/courses/critical-business-skills-for-success.html

@SamanthaM#6505 Very interesting. Are you going to take the course?

@DCViking No. Just putting it out there as an opportunity. :) I'm taking the Series 7 in December and the 66 in January, so there won't be spare time for much else.

@SamanthaM Thanks for sharing. Let us know when you pass your tests 👌🏻

Thanks so much! :)

@SamanthaM I have my series 7 and 66 so let me know if you have any questions about the tests.

Make sure you have the Options portion down pat. Both tests have lots of options questions. They are duplicative in that way. Also, make sure to study bond pricing. Neither of them are hard, it just takes a little practice. I am a former attorney but have been working in Finance for about 5 years now.

Thank you! Yes, could definitely use some help with options. Keep getting stops and limits mixed up. Also, are there any tricks to remembering when to use the federal funds rate?

Yeah, the options part can be tricky until you get the hang out it. I just memorized "Up, Down, Down, Up" and that helped to keep my thinking organized.

As for the Federal Funds Rate, I have to be honest and say that is not something I have looked at in awhile. But if memory servers, it is the rate that the Fed lends money overnight to banks.

Whoops, got that one wrong...haha...it HAS been awhile. Federal Funds Rate is the rate that banks lend deposit reserves to other banks overnight when the receiving bank won't have the deposit requirement. When the Fed wants to reduce the rates, they increase the money supply and buy government bonds. When they want to increase the rates, they sell. Lower the rates to spur the economy, raise them to cool it.

@Darth Thanks, I always forget that FFR is the interbank loan and not based on FRB. The name is seriously misleading. By the way, what study program did you use? I've got both the finra workbook and passperfect.

back when i took the 7 there was a lot on munis as well

Is the "Ruin a company with our endorsement, invest, then withdraw endorsement" a viable investment strategy, or was Papa Johns on the way down anyway?

Well, their product isn't the best. It probably doesn't have anything to do with us.

i think they had a bad earnings number which is what prompted them to criticize the NFL which is why Anglin endorsed them which prompted them to disavow us

@SamanthaM what do you do for work?

@Zyzz Recently graduated. Just signed on to a firm as a junior financial advisor. And yourself?

nice i work in RE, previously worked at an ibank where i needed my 7 and 63

Interesting. What were your experiences with the ibank? What prompted your decision to switch to RE?

Here's my plan.
1) Borrow a shit load of Bitcoin from p2p lending
2) Convert to cash
3) Bubble pops, you have cash, Bitcoin is worthless
4) Pay debnts

Question is, when will Bitcoin pop?

That's the age old question of when will x pop. If you knew, you'd be the richest man alive

I had a wallet when Bitcoin was 10$. I tried to buy 100$ worth but the payment didn't go through for some reason.

i wouldn't touch that shit @John O - it is pure speculation with (to my knowledge) no underlying demand drivers

@SamanthaM DM'ed you

@Zyzz yeah, of course. I've been saying that for years. Just kind of bullshiting

https://www.youtube.com/watch?v=rZ8EDUkPuqw
@everyone

I work in home mortgage if anyone needs advice on how to get approved for a loan.

I'm thinking of suing ABC for damages

So, people really shouldn’t mess with crypto unless they already have a 401k and some slow growth safe investments, right? Do we need an advisor for things like IRAs or can we do all that through TD Ameritrade?

@this_that5553 Check out the convo on IE general

Yeah, I don't invest because it pisses me off so much. But the pump and dump scheme seems to be what everyone is doing

It's sad, because Monero and Ethereum are legitimately good technology. But people just latch on to whatever crypto has the most hype and the hype is completely artificial. People are talking about Lite Coin too now. Like WTF. Lite Coin sucks ass, but the hype is randomly around it again

Dude, the entire concept of crypto currency is fragile af. If the world economy ran on crypto, even if it was a good one, I would be very uncomfortable

I agree. But the shitty thing is that nobody actually uses these coins. They just buy and sell the coin themselves

Yeah dude

The fact that there is _zero_ commerce around this stuff should be a huge warning flag

^^^^

There are several huge red flags

e-stores that use bitcoin do _very_ little business in it. I guarantee. To the point where stores have just stopped supporting it