Blue Collar Finance capadvantage

Kenneth explained the concept of arbitrage, which involves taking advantage of price discrepancies by buying one item and selling another simultaneously to secure a profit. He clarified that this process is legal and distinct from arbitration, which is used for resolving disputes. Kenneth also shared his experiences working on the Stock Exchange in the 90s, where trades were conducted manually and price discrepancies could be exploited.

FINRA exam Membership class - June 07
VIEW RECORDING - 61 mins (No highlights)
Meeting purpose
Discuss FINRA Series 7 exam preparation and share test-taking tips
Key Takeaways
The actual exam questions differ from vendor-provided practice questions
Suitability questions make up a large portion of the exam and are challenging
Trusting your instincts and preparation is key when answering ambiguous questions
Time management is important - spend about 2 min per question and move on
Topics
Malachi's Series 7 Exam Experience
Actual exam questions are very different from vendor practice questions
~40 straightforward questions similar to practice, rest are suitability-focused
Suitability questions present two good answers, one only slightly better
Felt uncertain after exam, but trusted preparation and instincts
Passed despite getting a challenging mix of question topics
Tips for Taking the Series 7 Exam
Master suitability to discern the best answer between two good options
Memorize key rules and tricks to quickly eliminate wrong answers
Budget about 2 minutes per question, then move on confidently
Trust your knowledge and preparation when questions seem ambiguous
Avoid second-guessing and changing answers unless certain