If you are having difficulties or you are finding time to study on your own, American Investment Training can provide a personal private tutor via the Internet and Phone. They are customized to fit the hours and needs that you have. It is available for the Series 7, Series 65 and most FINRA Broker exams.
Test Help
Whichever exam you are studying for or test you are taking, a tutor is available to help you pass the Series 7 - Series 6 or other Licensing exam.
We provide phone and Internet tutor help and email support throughout the time you are preparing so you will be 100% confident and ready. Let us be your coach.
Hours and Rates determined on an individual basis.
Broker Career Help
In addition to the private tutor and personal exam training services, we can also coach and train on connecting to brokerage firms or how to set up your won firm. We have programs to get your license working for you with a firm.
PASS THE SERIES 7 AND ALL FINRA EXAMS WITH HELP
Series 7
Series 66
Series 65
and more.....
Contact American Investment Training or call our lead tutor at 631-848-1699 and ask for Nick
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Tuesday, March 29, 2016
Sunday, March 27, 2016
Institutional Bond Trading - How To Sell Government Bonds as a Broker
Many brokers who enter the securities business are not in the stock market. They are in the bond market. Bond Brokers sell Government Securities and large (Jumbo CD's) to Institutions and help mange their portfolios. These brokers sell to Banks, Credit Unions, Trust Departments and other Institutions.
The pay off can be very rewarding and ongoing. Learning how to get in with these large customers is the key. The product is not difficult. But the Ebook below through American Investment Training will cover the types of securities these institutions buy. There are many types of bonds that these large clients do not buy.
One huge benefit to being a Bond Broker is the fixed maturity of Bonds. They have an end date. A maturity date - unlike stocks and other equities, so the re-investment aspect of rollover money allows a Bond Broker to make repeated money on the same amount each time bonds mature.
SAMPLE FROM THE "HOW TO SELL BONDS TO INSTITUTIONS" E-BOOK regarding CD's:
"Banks and other institutions buy CD’s offered by other banks. If you have banks that buy CD’s, and you have a bank that needs money, you can earn from that. Lets say your investing bank is looking for a 3% 5 year CD (don’t be alarmed by the low rates, as of this printing, interest rates are at all time lows), The bank that is looking for money is offering a rate of 3.25%. You can approach the deposit bank with providing them a $100,000 deposit, not to exceed their total cost of 3.25%. You ask them if they pay for deposits, if they do, you tell the bank to issue the CD to your bank at 3%, and then you bill the deposit bank the .25 point spread between their cost and the CD rate you are giving to your customer. A .25 point for a 3 year CD is $750. What if you had 10 banks interested in 3 year CD’s? That’s $7500. Your client banks would wire the money in.
Each deposit is fully insured, the bank sends them a receipt, and your done. You also could do this with banks that are not as loaned out, but are looking to make a spread between their deposit rates, and a higher fixed income investment that you have. Let’s say there is a 4% corporate bond for 3 years that is available, and the deposit bank is paying 3.25% for 3 year deposit CD’s. If you can provide the bank with a CD at a total cost of 3.25%, and then take that money and invest it in a corporate bond, you made a spread for the bank, and you made money on both ends. The deposit spread, and the mark up on the corporate bond trade. These kinds of trades are simple to present and execute. The one objection you will encounter from some is the bank does not accept “Brokered Deposits”. Brokered Deposits are large time deposits that are listed as “brokered”, meaning, it was arranged through a broker. Some banks only consider deposits as brokered if they pay a fee for the deposit."
This guide also covers:
Institutional Bond Trading
Institutional Bond Network
Institutional Bond Sales
Who Sells US Savings Bonds
How to Sell Us Bonds
bond broker salary
Bond Brokers Trade in amounts of $250,000 - $500,000 - up to several or tens of millions! And these are normal trades in that market. You can be dealing with these trades within your first months trading bonds.
GET THIS VERY VALUABLE GUIDE. $25.00 and emailed to you. Keep ongoing!
Get it now!:
How To Sell Bonds To Institutions
The pay off can be very rewarding and ongoing. Learning how to get in with these large customers is the key. The product is not difficult. But the Ebook below through American Investment Training will cover the types of securities these institutions buy. There are many types of bonds that these large clients do not buy.
One huge benefit to being a Bond Broker is the fixed maturity of Bonds. They have an end date. A maturity date - unlike stocks and other equities, so the re-investment aspect of rollover money allows a Bond Broker to make repeated money on the same amount each time bonds mature.
SAMPLE FROM THE "HOW TO SELL BONDS TO INSTITUTIONS" E-BOOK regarding CD's:
"Banks and other institutions buy CD’s offered by other banks. If you have banks that buy CD’s, and you have a bank that needs money, you can earn from that. Lets say your investing bank is looking for a 3% 5 year CD (don’t be alarmed by the low rates, as of this printing, interest rates are at all time lows), The bank that is looking for money is offering a rate of 3.25%. You can approach the deposit bank with providing them a $100,000 deposit, not to exceed their total cost of 3.25%. You ask them if they pay for deposits, if they do, you tell the bank to issue the CD to your bank at 3%, and then you bill the deposit bank the .25 point spread between their cost and the CD rate you are giving to your customer. A .25 point for a 3 year CD is $750. What if you had 10 banks interested in 3 year CD’s? That’s $7500. Your client banks would wire the money in.
Each deposit is fully insured, the bank sends them a receipt, and your done. You also could do this with banks that are not as loaned out, but are looking to make a spread between their deposit rates, and a higher fixed income investment that you have. Let’s say there is a 4% corporate bond for 3 years that is available, and the deposit bank is paying 3.25% for 3 year deposit CD’s. If you can provide the bank with a CD at a total cost of 3.25%, and then take that money and invest it in a corporate bond, you made a spread for the bank, and you made money on both ends. The deposit spread, and the mark up on the corporate bond trade. These kinds of trades are simple to present and execute. The one objection you will encounter from some is the bank does not accept “Brokered Deposits”. Brokered Deposits are large time deposits that are listed as “brokered”, meaning, it was arranged through a broker. Some banks only consider deposits as brokered if they pay a fee for the deposit."
This guide also covers:
Institutional Bond Trading
Institutional Bond Network
Institutional Bond Sales
Who Sells US Savings Bonds
How to Sell Us Bonds
bond broker salary
Bond Brokers Trade in amounts of $250,000 - $500,000 - up to several or tens of millions! And these are normal trades in that market. You can be dealing with these trades within your first months trading bonds.
GET THIS VERY VALUABLE GUIDE. $25.00 and emailed to you. Keep ongoing!
Get it now!:
How To Sell Bonds To Institutions
Monday, March 21, 2016
Selling Stock Short with Stock Options (Long Calls) - Options with Stock Strategy
People who establish a short stock position are bearish on the position. They anticipate the shares to decline. Using options to compliment this position can be used as either protection or income. You can either Short Puts or Buy Call Options. Each will provide a different hedge, but both of those option choices are bullish positions and can act as appropriate hedges - whether the goal is income or protection. This example will use a short sale of stock and the buying of a call option to protect it.
Example:
Short 100 shares BHN @ $75
This investor is hoping for a decline in BHN stock. When you sell stock short, you will eventually close the position like a normal stock purchase and sale later - but shorting stock is done in the reverse order. There is also unlimited risk when selling shares short because money is lost when the stock rises and there is never a ceiling on how high a security can rise.
Protecting this short sale with a Long Call Option Contract
If the risk in the main position is an increase in the market, to protect it, a hedge or stop loss must be used. In this case, the trader will use buy a call option.
The hedge will look like this:
Short 100 Shares BHN @ $75
Buy 1 BHN DEC 80 Call for $200
There are benefits and downsides to buying this call option. Unlike a normal “stop loss” order that can be triggered and executed without your direction, a call option can only be exercised when the buyer chooses. “Exercising” meaning the buyer has the right to buy 100 shares of the shares at $80. The downside is the option is more expensive. In this case, the cost for the contract is $200 - which is an immediate loss. There is also an expiration date on the contract. The short stock is covered (hedged) out to December.
Maximum Gain
The maximum gain for a short stock position is the stock declining to ZERO. If there was no additional option cost, the maximum gain would be $7500. But because the contract cost the trader $200, that must be shaved off the gain potential. The Maximum gain here is $7300.
Maximum Loss
The maximum loss would normally be unlimited if the short stock was left unprotected. The call option guarantees a buy back price of the stock at $80, so the maximum loss is the difference between the short sale at $75 and the buy back at $80 PLUS the premium spent on the option. The maximum loss formula works out to $700 in this case.
The breakeven
The Break-even is the point where is no gain or loss. The stock was shorted at $75 and the profit is a decline in the market, but the $200 premium needs to be deducted. The Break even is $73
LEARN HOW TO BECOME A STOCKBROKER AND GET YOUR SERIES 7 LICENSE!
Example:
Short 100 shares BHN @ $75
This investor is hoping for a decline in BHN stock. When you sell stock short, you will eventually close the position like a normal stock purchase and sale later - but shorting stock is done in the reverse order. There is also unlimited risk when selling shares short because money is lost when the stock rises and there is never a ceiling on how high a security can rise.
Protecting this short sale with a Long Call Option Contract
If the risk in the main position is an increase in the market, to protect it, a hedge or stop loss must be used. In this case, the trader will use buy a call option.
The hedge will look like this:
Short 100 Shares BHN @ $75
Buy 1 BHN DEC 80 Call for $200
There are benefits and downsides to buying this call option. Unlike a normal “stop loss” order that can be triggered and executed without your direction, a call option can only be exercised when the buyer chooses. “Exercising” meaning the buyer has the right to buy 100 shares of the shares at $80. The downside is the option is more expensive. In this case, the cost for the contract is $200 - which is an immediate loss. There is also an expiration date on the contract. The short stock is covered (hedged) out to December.
Maximum Gain
The maximum gain for a short stock position is the stock declining to ZERO. If there was no additional option cost, the maximum gain would be $7500. But because the contract cost the trader $200, that must be shaved off the gain potential. The Maximum gain here is $7300.
Maximum Loss
The maximum loss would normally be unlimited if the short stock was left unprotected. The call option guarantees a buy back price of the stock at $80, so the maximum loss is the difference between the short sale at $75 and the buy back at $80 PLUS the premium spent on the option. The maximum loss formula works out to $700 in this case.
The breakeven
The Break-even is the point where is no gain or loss. The stock was shorted at $75 and the profit is a decline in the market, but the $200 premium needs to be deducted. The Break even is $73
LEARN HOW TO BECOME A STOCKBROKER AND GET YOUR SERIES 7 LICENSE!
Monday, February 29, 2016
Pass The Series 7 Exam GUARANTEED. Special Online Portal for Series 7 Students
If you think you cannot pass the Series 7 for whatever reason, THIS course portal guarantees you will! 100% pass guarantee. Other exam courses available:
This Series 7 training course is a 100% pass guarantee online module. If you fail the exam, WE refund the course cost.
The course is comprised of 18 modules
Online Topics/subjects include:
Online topics include:
Intoduction to the Series 7 Test
Equity Securities
Bonds and Debt
Margins and Customer Accounts
Trading
Municipal Bond Securities
Investment Companies and Mutual Funds
FINRA Regulations and Law
Financial Statements and Balance Sheet
Taxes and Retirement Planning
Direct Participation Programs (Limited Partnerships)
Options
4 Series 7 midterm exams for maximum study prep,
5 Series 7 mini-finals,
4 extra print-based final exams
6 final exams.
Modules — each Series 7 Section is comprised of the following:
Subject Lesson — the lesson is available in both an online format and a print (PDF) format; the content of each is identical, and you should read one version or the other, depending on your preference.
Executive Summary — the key points of each lesson are presented in bold red print in the lesson, and are also found in the Executive Summary at the beginning of each lesson. You should read the Executive Summary to familiarize yourself with these key points, then read the lesson to gain more insight into the material. You should re-read the Executive Summary after completing the quizzes for each module.
Series 7 Tutorial — each module includes recorded PowerPoint tutorials with audio. These tutorials are an invaluable and necessary part of each module.
INCLUDES GREENLIGHT EXAMS!
START THE COURSE HERE - NO RISK. This is American Investment Training's HIGHEST PASS RATE Training Program available.
Begin with link above or learn more here: SERIES 7 ONLINE
This Series 7 training course is a 100% pass guarantee online module. If you fail the exam, WE refund the course cost.
The course is comprised of 18 modules
Online Topics/subjects include:
Online topics include:
Intoduction to the Series 7 Test
Equity Securities
Bonds and Debt
Margins and Customer Accounts
Trading
Municipal Bond Securities
Investment Companies and Mutual Funds
FINRA Regulations and Law
Financial Statements and Balance Sheet
Taxes and Retirement Planning
Direct Participation Programs (Limited Partnerships)
Options
4 Series 7 midterm exams for maximum study prep,
5 Series 7 mini-finals,
4 extra print-based final exams
6 final exams.
Modules — each Series 7 Section is comprised of the following:
Subject Lesson — the lesson is available in both an online format and a print (PDF) format; the content of each is identical, and you should read one version or the other, depending on your preference.
Executive Summary — the key points of each lesson are presented in bold red print in the lesson, and are also found in the Executive Summary at the beginning of each lesson. You should read the Executive Summary to familiarize yourself with these key points, then read the lesson to gain more insight into the material. You should re-read the Executive Summary after completing the quizzes for each module.
Series 7 Tutorial — each module includes recorded PowerPoint tutorials with audio. These tutorials are an invaluable and necessary part of each module.
INCLUDES GREENLIGHT EXAMS!
START THE COURSE HERE - NO RISK. This is American Investment Training's HIGHEST PASS RATE Training Program available.
Begin with link above or learn more here: SERIES 7 ONLINE
Thursday, February 25, 2016
Open End Mutual Funds Tutorial
Investment companies - including open end mutual funds are covered on the Series 6 and Series 7 exams.
“What is a Mutual Fund?”
A Mutual Fund (also called “Open End” Funds) is a company that invests money for their
shareholders. They usually offer strong diversification and are managed professionally. They
are called “Open End” because they are always issuing new shares of their fund. There is no
secondary market. An Agent (acting as a broker) representing a Mutual Fund will sell shares
of a fund but the transaction is facilitated by the fund company itself. For instance, if you want
to buy a mutual fund offered by “Fidelity Mutual Funds”, you must purchase it through an
Agent who represents them directly. You can’t just call any broker and buy Funds the way you
buy stock. There are thousands of different funds. You can buy a fund that fits your
objectives.
Mutual funds that have blue chip stocks, penny stocks, bonds or a mix in their portfolio is still considered an open end fund and the price will not be set until all the securities have settled their value at the end of the day. There are also other price consideration issues such as:
Sales Charge - what the fund charges to buy or perhaps when sold. There are also no-load funds where a sales fee is not charged.
Redemption Fee - Some open end mutual funds will charge a fee to redeem the shares of the fund. Many times this fee is in place when the buying sales charge is low or there is no sales charge going in.
Some types of funds include:
INCOME FUND - Specializing in buying stock in established companies (IBM, Philip Morris
etc.) or Bonds that generate interest income. These funds will normally pay good dividends
because they are receiving income from the investments themselves.
GROWTH FUND - Invested in emerging or growth companies. The fund buys companies
that they feel have good potential in the future. These funds, although low paying with respect
to dividends, have the greater potential to increase in share value.
SECTOR FUND - Invests in a particular sector or industry such as: Energy, Technology or
Internet only. These funds are less predictable since their performance is solely based on the
performance of that particular sector of the market.
“How do I get a job as a Mutual Fund Agent?” and other employment answers - including Series 6 or Series 7 Sponsorship:
Get the: How to become a successful stockbroker E-Guide!
“What is a Mutual Fund?”
A Mutual Fund (also called “Open End” Funds) is a company that invests money for their
shareholders. They usually offer strong diversification and are managed professionally. They
are called “Open End” because they are always issuing new shares of their fund. There is no
secondary market. An Agent (acting as a broker) representing a Mutual Fund will sell shares
of a fund but the transaction is facilitated by the fund company itself. For instance, if you want
to buy a mutual fund offered by “Fidelity Mutual Funds”, you must purchase it through an
Agent who represents them directly. You can’t just call any broker and buy Funds the way you
buy stock. There are thousands of different funds. You can buy a fund that fits your
objectives.
Mutual funds that have blue chip stocks, penny stocks, bonds or a mix in their portfolio is still considered an open end fund and the price will not be set until all the securities have settled their value at the end of the day. There are also other price consideration issues such as:
Sales Charge - what the fund charges to buy or perhaps when sold. There are also no-load funds where a sales fee is not charged.
Redemption Fee - Some open end mutual funds will charge a fee to redeem the shares of the fund. Many times this fee is in place when the buying sales charge is low or there is no sales charge going in.
Some types of funds include:
INCOME FUND - Specializing in buying stock in established companies (IBM, Philip Morris
etc.) or Bonds that generate interest income. These funds will normally pay good dividends
because they are receiving income from the investments themselves.
GROWTH FUND - Invested in emerging or growth companies. The fund buys companies
that they feel have good potential in the future. These funds, although low paying with respect
to dividends, have the greater potential to increase in share value.
SECTOR FUND - Invests in a particular sector or industry such as: Energy, Technology or
Internet only. These funds are less predictable since their performance is solely based on the
performance of that particular sector of the market.
“How do I get a job as a Mutual Fund Agent?” and other employment answers - including Series 6 or Series 7 Sponsorship:
Get the: How to become a successful stockbroker E-Guide!
Sunday, February 21, 2016
Series 7 Sponsorship - How To Get Sponsored For The Series 7
One of the challenges incoming stockbroker trainees face is the Series 7 and how to get the license. When you are hired by a brokerage firm, the brokerage firm you are joining will most likely sponsor you to take the Series 7 exam. But, what if you want to obtain the license BEFORE you get hired.
There are ways to get sponsored for the Series 7. American Investment Training published an EBook titled "How To Become a Successful Broker and Adviser" a few years ago and it has been updated several times. It covers ways you can take the exam while passively connected to a sponsoring brokerage firm - so you can take the exam. You would be responsible for the exam fees and filing fees, but you can have the Series 7 license in hand. That EBOOK can be ordered HERE: Broker Guide from American Investment Training
This can be huge in hiring opportunities for the broker. A Series 7 carries much more weight when applying for jobs. Many firms don't want to go through the waiting for a new broker to become licensed. It's just easier for them to have YOU licensed first.
The Ebook goes through all the licensing exams - not just the Series 7. Knowing how the process works and understanding the licenses and markets you can take advantage of is very important. You want to work in the securities that you feel has the best potential.
Some of the other features in guide include:
Learn all you need to know to succeed as a stockbroker
Build up your resume before you get a job
Know the financial firms to work with
Exams To Take
Best firms to operate as an independent
Markets to work in
Securities industry phone numbers
List of sponsoring national brokerage firms
Become an independent stockbroker with Series 7 Sponsorship
History and current trends in the industry
Getting sponsored for the Series 7
Full Test Outline
If time is money and sponsorship licensing is a priority for you, then you should get all the information you need before approaching firms. It can also be used for ongoing reference and use.
Broker Guide Ebook - $20 one time for life.
There are ways to get sponsored for the Series 7. American Investment Training published an EBook titled "How To Become a Successful Broker and Adviser" a few years ago and it has been updated several times. It covers ways you can take the exam while passively connected to a sponsoring brokerage firm - so you can take the exam. You would be responsible for the exam fees and filing fees, but you can have the Series 7 license in hand. That EBOOK can be ordered HERE: Broker Guide from American Investment Training
This can be huge in hiring opportunities for the broker. A Series 7 carries much more weight when applying for jobs. Many firms don't want to go through the waiting for a new broker to become licensed. It's just easier for them to have YOU licensed first.
The Ebook goes through all the licensing exams - not just the Series 7. Knowing how the process works and understanding the licenses and markets you can take advantage of is very important. You want to work in the securities that you feel has the best potential.
Some of the other features in guide include:
Learn all you need to know to succeed as a stockbroker
Build up your resume before you get a job
Know the financial firms to work with
Exams To Take
Best firms to operate as an independent
Markets to work in
Securities industry phone numbers
List of sponsoring national brokerage firms
Become an independent stockbroker with Series 7 Sponsorship
History and current trends in the industry
Getting sponsored for the Series 7
Full Test Outline
If time is money and sponsorship licensing is a priority for you, then you should get all the information you need before approaching firms. It can also be used for ongoing reference and use.
Broker Guide Ebook - $20 one time for life.
Tuesday, February 16, 2016
Convertible Corporate Bonds - Convertible Debentures
Some of the math - formula questions on the Series 7 and that you will need to study a little on is convertible corporate bonds. These are bonds that can be converted into common stock of the issuing corporation at a set conversion price. The exam will have you do some calculations and present scenarios.
Debentures
Corporate debt that is backed by the full faith and credit of the issuing company are known as debentures. Corporate debentures are rated by companies for credit quality. You can buy investment grade or speculative bonds.
Secured corporate bonds are backed by an asset or collateral. When a bond is secured, it is backed by collateral. That collateral could be cash, securities, real estate or equipment.
Corporate bonds can be callable by the issuer. Call dates can be placed on the bond and this allows the company to redeem the bonds early beginning on set dates and at set redemption prices. This is normally not a good feature for investors, because an issue is normally called when interest rates are low - lower than your coupon rate. The main reason debentures or bonds in general are called, is because the issuer wants to refinance their debt at a lower rate. When this happens, the investor is faced with having his money (par) returned early, but the higher paying bond is no more. To make matters worse, interest rates are lower in the market, so finding a suitable replacement will be difficult, if not impossible. Callable bonds to pay a higher yield though, so for some the risk is worth it.
Convertible
Some bonds issued by corporations are convertible into common stock of the issuing company. This conversion feature acts as an incentive for the bondholder. The company is hoping the investor eventually converts into the common stock of the company. The investor finds convertible corporate issues attractive, because they have an option to buy stock in the company at a fixed conversion price.
Converting a bond is based on par value and the fixed conversion price that appears on the bond. The conversion price is not the price the stock is purchased at. So, it is unlike a "Stock Option". The time to convert is the investor's choice. An example:
A customer owns ABC convertible bond that is selling in the market at $1040 or $104, the common stock is selling at $54 and the conversion price is $50. The investor would like to convert, but will only do so when the stock value is trading above the bond value. "Parity" would occur when the bond and stock are equal. The first thing you must find out is the amount of shares the customer is entitled to. We get that by dividing the conversion price into the par value of the bond ($1000). $1000 divided by 50 equally 20.
The investor can convert out of the bond into 20 shares of stock - no more no less. The stock is currently trading at $54, so the the stock value is found by multiplying 20 (shares) by $54 (stock value), which equals $1080. $1080 is above the bond selling price of $1040, so converting at this time would meet the customer's objectives of converting only when the stock value was above bond value or "above parity".
Debentures
Corporate debt that is backed by the full faith and credit of the issuing company are known as debentures. Corporate debentures are rated by companies for credit quality. You can buy investment grade or speculative bonds.
Secured corporate bonds are backed by an asset or collateral. When a bond is secured, it is backed by collateral. That collateral could be cash, securities, real estate or equipment.
Corporate bonds can be callable by the issuer. Call dates can be placed on the bond and this allows the company to redeem the bonds early beginning on set dates and at set redemption prices. This is normally not a good feature for investors, because an issue is normally called when interest rates are low - lower than your coupon rate. The main reason debentures or bonds in general are called, is because the issuer wants to refinance their debt at a lower rate. When this happens, the investor is faced with having his money (par) returned early, but the higher paying bond is no more. To make matters worse, interest rates are lower in the market, so finding a suitable replacement will be difficult, if not impossible. Callable bonds to pay a higher yield though, so for some the risk is worth it.
Convertible
Some bonds issued by corporations are convertible into common stock of the issuing company. This conversion feature acts as an incentive for the bondholder. The company is hoping the investor eventually converts into the common stock of the company. The investor finds convertible corporate issues attractive, because they have an option to buy stock in the company at a fixed conversion price.
Converting a bond is based on par value and the fixed conversion price that appears on the bond. The conversion price is not the price the stock is purchased at. So, it is unlike a "Stock Option". The time to convert is the investor's choice. An example:
A customer owns ABC convertible bond that is selling in the market at $1040 or $104, the common stock is selling at $54 and the conversion price is $50. The investor would like to convert, but will only do so when the stock value is trading above the bond value. "Parity" would occur when the bond and stock are equal. The first thing you must find out is the amount of shares the customer is entitled to. We get that by dividing the conversion price into the par value of the bond ($1000). $1000 divided by 50 equally 20.
The investor can convert out of the bond into 20 shares of stock - no more no less. The stock is currently trading at $54, so the the stock value is found by multiplying 20 (shares) by $54 (stock value), which equals $1080. $1080 is above the bond selling price of $1040, so converting at this time would meet the customer's objectives of converting only when the stock value was above bond value or "above parity".
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