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Michael Weiss, CFA


I can answer most questions about mutual funds.

Experience in the area

I am the owner of Series 7 Exam Tutor , a financial tutoring business that provides personalized tutoring for the Series 7 Exam, the Series 6 Exam ,the Series 65 Exam, the Series 66 Exam, the Series 63 Exam and the Series 24 Exam . I also offer tutoring for finance courses. For additional information, please visit, Finance Exam Tutor. Prior to launching Series 7 Exam Tutor, I worked in investments for 20 years with the majority of this time focused on investment analysis and portfolio management. I have worked for large companies such as Merrill Lynch and Evergreen Investments and have also worked for smaller firms as well. Throughout my career, I have sought to mentor younger colleagues whenever possible, especially those enrolled in the CFA program. I completed the CFA program in 2002 after passing all three exams on the first try. I also passed the Series 7 Exam with a score of 94%. For additional information about me, you can visit the links below:


CFA Institute and CFA Society of Philadelphia




M.B.A. in Finance & Investments from the Zicklin School of Business at Baruch College and a B.A. in Finance & Economics from the City University of New York - Baccalaureate Program.

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Recent Answers from Michael Weiss, CFA

2016-06-30 trading mutual funds:

Hi Lee,    Exchanges within an IRA are not taxable events. If you are taking money out of a traditional IRA, there would be tax and possibly a penalty. Exchanges within a taxable account are taxable events

2016-03-17 Break Even Mutual Fund Price:

Hi Kenneth,    First, there are no commissions on mutual funds.  They are called sales charges (front end or back end).  It would still be the same reply.  The break even sales price is the price which

2016-03-05 Break Even Mutual Fund Price:

Hi Kenneth,    1. All you would need to do is take your sales proceeds (value of the position) and subtract your cost basis (purchases) and when you answer is zero, it is at the break even.    2. The annual

2014-12-28 Index Funds:

Hi Kenneth,    Most people who invest in index funds would not take this approach.  They would likely either invest in an S&P 500 Index Fund as well as small cap index fund or just go with a total equity

2014-12-14 total net asset:

Dan,    The assets of an ETF would be determined by supply and demand as well as pricing of its holdings. Retail investors buy and sell ETFs in the secondary market while institutional investors buy and


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