Thread: Series 7

Not yet. I probably will one day, but I haven't done it yet.

So you're getting it but don't have a plan for using it?

isn't it just financial markets 101?

Originally Posted by MyK 3.0

isn't it just financial markets 101?

I thought series 7 was dealt more with securities.

Originally Posted by KelJu

I thought series 7 was dealt more with securities.

well yes you cant cover securities without covering the markets. the study of primary and secondary markets goes hand in hand wih the study and overview of debt instruments, equity securities, packaged securities, retirement planning, portfolio analysis. oversite boards etc etc

I could be wrong I dont give a shit, the markets are so corupt anyways...

Originally Posted by DOMS

Not yet. I probably will one day, but I haven't done it yet.

So you're getting it but don't have a plan for using it?

no i have a plan, but i need back up plans if that does not work out. i'm taking the series 7, 66, and 63. i want to go into investment banking, but if that does not work out need other options.

Originally Posted by CORUM

no i have a plan, but i need back up plans if that does not work out. i'm taking the series 7, 66, and 63. i want to go into investment banking, but if that does not work out need other options.

Right on.

I'll have to get one, but the only reason that I'd get it is so that I can run a small hedge fund.

Oh, and good luck on the test!

if u get into managing hedge funds that CAN be some SERIOUS money.... it is pretty hard to get into. there are alot of guys that get tired of the investment banking pace and try to switch into something like managing hedge funds.

Originally Posted by CORUM

if u get into managing hedge funds that CAN be some SERIOUS money.... it is pretty hard to get into. there are alot of guys that get tired of the investment banking pace and try to switch into something like managing hedge funds.

There isn't really a big difference in strategy b/t the two these days...hedge funds stopped being true hedges in the late 90s, which is why so many fund manages are out of work.

Managing a fund is a total dream job for me...but you have to build enough credibility (usually at an ibank) to gain the proper capital base.

becoming a successful hedge fund manager in this day and age is a pipe dream. it is the white mans equivalent of becoming a successful rapper or basketball player...

Originally Posted by MyK 3.0

becoming a successful hedge fund manager in this day and age is a pipe dream. it is the white mans equivalent of becoming a successful rapper or basketball player...

I love that analogy. That is perfect.

Originally Posted by myk 3.0

becoming a successful hedge fund manager in this day and age is a pipe dream. It is the white mans equivalent of becoming a successful rapper or basketball player...

pretty funny!!!......but......... eminem...... he's white..... rapper..... successful (just saying)

Originally Posted by CORUM

pretty funny!!!......but......... eminem...... he's white..... rapper..... successful (just saying)

you kind of missed my point. all I am saying is if you really have a passion and dream of becoming a hedge fund manager then go for it. if you just want success in your life, there are far easier venues to choose.