A new challenge

I have started down a new journey... one which will cause me plenty of stress until it is over.

I am studying for my Series 7 license.

The Series 7 (also known as the General Securities Representative license) is infamously tough... for people who are into this sort of thing. I, however, am more of a language/words/creativity person... not the type to get excited about collateralized mortgage obligations, options, calculating accrued interest on government bonds (which uses a different year than calculating accrued interest on corporate or municipal bonds...), or determining the parity price of a convertible preferred stock.

However, since I enjoy my job (and being employed at all), I will dive in and get this done.

I have finished Unit 1 (equity securities) in my exam manual, did the unit test, did the 100 question drill and practice, then did the (required) online checkpoint exam.

The good news - I have shown improvement. The bad news - this was an "easy" unit.

Here are my scores for unit 1:
Unit exam - 50% (ouch!)
Drill and practice - 74% (passing!)
Checkpoint exam - 90%

I am working my way through unit 2 - debt securites. Anyone know an easy way to learn the calculations for convertible bonds? And what the heck is a tranche?

Wish me luck everyone!

Oh - after I get the Series 7 (my exam is in July, and I need a 70 or better to pass), I get to start work on my Series 66, then my Minnesota insurance license. There will be celebrating after this is all done!