Series 6 Lesson bundle

Series 6 Lesson 8 Mutual Funds pt 1 2023

Series 6 Lesson 8 Mutual Funds pt 1

Series 6 Lesson 8 Mutual Funds pt 1 is our first discussion on Mutual Funds

This is a big investment portfolio that can give as many shares as investors want to buy. The shares of the fund do not change value when investors buy shares. Shares become more valuable when the securities in the portfolio give out income. There is no guarantee that the securities will gain in value. These funds are strongly diversified and run by a professional investment advisor. This helps people invest without too much effort.

Advantages:

-You have the expertise of a professional investor.

-It is easy to diversify

-You can liquidate some part of it without losing diversity

-It is simpler on taxes

-It is easier to keep records about

-Easier to purchase

-Automatic reinvestments of capital gains

Ways that Mutual Funds Diversify

-Different kinds of industries

-Types of investments instruments

-Types of securities issuers

-Different geographic areas

Types of Mutual Funds

Equity Funds: These focus in investing in equity securities.

Growth Funds: Invest in companies that are aggressively growing. They have high prices, but can bring in high returns. 

Value Funds: These have a low price, but offer low returns.

Blend Funds: In the middle between value and growth funds.

Growth and Income Funds: A mix of some stocks that are growing and some that provide dependable income.

International Funds: Invests in companies outside the U.S.

Global Funds: Funds in the U.S. and in other countries. 

Bond Funds: Collections of bonds together. Treasury funds have low risk/yield and corporate bond funds have high risk/high yield. These are taxable.

Tax-Exempt Bond Fund: These are collections of municipal bonds.

Money Market Mutual Funds: Tax free, very low returns. Keeps a stable value.

Specialized Fund: These funds specialize in a certain strategy, just one industry or group.

Asset Allocation Funds: These funds will allocate your funds on your behalf.

Precious Metals Funds: Invests in precious metals, such as gold, silver, and platinum.

Hedge Funds: These are funds that are only available to accredited investors that have over $1 million in net worth and makes more than $200,000 per year. If they are married, they can pool their net worth and they have to make at least $300,000 per year.

Hedge funds use diverse, high-risk strategies, which means that people need to have some money in the bank. They are illiquid. They cannot be sold for at least a year. They charge high management fees and about 20% of the gains. Even if you are non-accredited investors can buy mutual funds that invest in hedge funds.

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Series 6 Exam Prep

Audio Lessons for the FINRA Series 6 Exam

This series of audio lessons is designed to assist in the preparation to for the FINRA Series 6 Exam.

Passing the Series 6 exam is required for and individual who wishes to engage in the sale of Investment Company and Variable Contracts.

The Series 6 exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of an investment company and variable contract products representative, including sales of mutual funds and variable annuities.

Candidates must pass both the Securities Industry Essentials (SIE) exam and the Series 6 exam to obtain the Investment Company and Variable Contracts Products registration.

Individuals passing these exams may be licensed to sell a limited set of securities products:

Mutual funds

Closed-end funds on the initial offering only

Unit investment trusts

Variable Annuities

This exam is administered by the Financial Industry Regulatory Authority (FINRA)

Table of Contents

Lesson 1: Exam Overview (25:24)

Lesson 2: Types of Investments, Broker-Dealer Records, Customer Accounts (27:46)

Lesson 3: Sales Blotter, Types of Account Ownership, Know Your Customer (26:20)

Lesson 4: Investment Vehicles, Measuring Yield, Options (25:35)

Lesson 5: Debt Securities (25:51)

Lesson 6: Investment Objectives (27:02)

Lesson 7: Time Horizon (25:25)

Lesson 8: Mutual Funds (25:20)

Lesson 9: Mutual Funds pt. 2 (26:38)

Lesson 10: Annuities (26:32)

Lesson 11: Investment Risk (27:13)

Lesson 12: Secondary Market (25:31)

Lesson 13: Code of Procedure (25:28)

Lesson 14: Series 6 designation, Security and Exchange Act of 1934 (25:23)

Lesson 15: Registration and Disclosure (25:38)

Lesson 16: Communications (26:07)

Lesson 17: FINRA Regulations (25:26)

Lesson 18: Review 1 (26:49)

Lesson 19: Review 2 (26:51)

Lesson 20: Review 3 (28:03)

Total Length 8 Hours 44 Min

 

In addition to the Series 6 you also need to pass the SIE Exam

Our SIE Exam Prep Audio lessons are designed to logically progress you through all the information you will need to prepare for the SIE Exam

Learn more about the SIE Lessons Here

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