Dean, you are the Godfather of the Securities exams. I passed all my licenses thanks to your amazing lessons and I recommend you to all our new reps. Great work!!! Big fan.
Dean makes this Series 7 exam much easier. Putting explanations in real world situations saves me so much studying time ! I now answer exam questions not by memory but by actually understanding the overall idea of the subject. He ties many different subjects all together. For instance if he is talking about the secondary market , he will also mention what regulations Broker/Dealers must follow . Secondary Market & Regulation rules. Two different subjects discussed in one. Wow 🔥👍. They say great things don’t come for free but his lectures disapprove of that ! I would still pay for these videos no questions asked lol !
Dean, you sir are a saint... I'm using Kaplan for my main prep course, but stumbling upon your channel has been a game changer. The actual examples you give for the topics covered is such a big help for remembering and understanding. THANK YOU!
Hey Dean, I used your videos as some supplemental material in addition to what my employer has given me to pass the SIE and am now using your videos to help with the Series 7. Love the real world examples you give, and I appreciate the "Very Testable" disclaimers you give to certain concepts. As a former teacher, I can't give you enough thanks for being such a great teacher of these subjects. Thank you!
Dean, thank you so much for your generous contribution of your time and golden content!!! Taking my test in a few weeks and praying I pass on the 1st attempt with the help of your videos. Thank you!!!
I passed my SIE I took 60plus exams over the corse of 30days. I used Deans videos alongside STC material to help better understand concepts. Thank you Dean the content here is very helpful. Sincerely, Maxwell
Kudos on your first testing victory! What's your next testing victory? 6? 7? Always very gratifying when my channel contributes to test taking victories like yours.
@@Series7Guru My next one is the 7, just received material yesterday 7/12. Just now reading chapter 1. My plan is to read, flashcards then watch your videos. I found during the SIE I learned a lot through pure repetition, with a foundation of reading. -Max
I used your channel to help me pass my 9 and now I’m about to go into my 10 exam in 3 hours. Even though this is supposed to be for the SIE, I’m finding A LOT of value with regard to the MSRB rules. I’ve been using your other videos to supplement my study materials and I’m so grateful I found your channel. Thank you so much for all the work your doing- it really makes a difference! 💯
I am so grateful to you for creating these educational videos. Bond math is not hard it was hard for me to understand and now I feel better equipped with Muni Bonds, etc.
Hello Dean, do you have any videos on legal documents? I mean, the ones used to provide essential information to investors about securities (Official Statement, Prospectus, Offering Memorandum, Private Placement Memorandum, Offering Circular, etc.) I always get so confused on which document goes with which securities.
II'm taking the SIE this Friday and using your videos to brush up on my knowledge, and 1) love your energy and explanation (my colleague actually told me to check you out) and 2) i learned something about SFO today. I'm from SF and I did not know that SFO wasn't paid by taxpayers XD
I have never wanted to visit Disneyland until you mentioned the basketball hoop on the Matterhorn. If I go they need to send you a royalty from my entrance fee.
Great video. Learning alot. Question...why is thr Special Assessment bond under Revenue Bond and not GO Bond? It's on property. I live in a master planned development in Florida and pay a CDD on top of my property tax. It's due and included in my property tax as an add on. I'm assuming this is a special assessment as well.
Dean great video! I tend to be struggling with the math for the 7 and feel as if it’s all over the place. Do you have any recommendations on how to tackle it? Kaplans Q bank seems very challenging for math in general.
I’m devastated to report that I didn’t pass my S7 again… Now need to wait another 6 months. I thought I had it too…especially with how helpful your videos have been. I don’t know what I’m doing wrong…I feel defeated.
71!! Last two times that was my score! He wants me to get S7 then CFP. Do you still tutor? I know the info, I feel like it’s interpreting the questions.
Hi Dean. I am watching this video and it feels like it is going way more in depth than what is needed for SIE. Maybe I am wrong? If not, can you point me in a better direction? Thanks.
Hi Dean, when will it be a situation where a investor are still suitable for both in state and out of state bond? Thank you. i keep seeing this as answer in my STC exam.
I’m using TC and they put Double Barrel bonds under revenue bonds. Would you agree? Because I see both sides. Is it because the User fees are first why they might list it as a Revenue Bond?
Could you clarify pre-refunding? Since bonds are being quoted at Yield To Call basis on the market, the idea is that the municipality is going to buy back the bonds at this lower price with the capital generated by the 2% issue and then have "leftover capital" that amounts to a discount pretty much?
Don't make the test harder than it is. There is nothing about a discount or leftover capital. The test question is aim and shoot or point or click. Pre refunded or advanced refunded bonds must be quoted on yield to call. The pre refunded or advance refunded bonds or the old bonds are at a premium in the secondary market.
I take my test tomorrow and have been actively watching your videos and practice exams. if you could suggest your best video to pass this test which would it be. Have over 700 flashcards from your videos! Lmk ASAP please youre the goat
32:05 Did I hear that right, that CALL protection will be based off Price, not the interest %? The CALL provision itself would still be based off interest %, correct?
No. Both are quoted on YTC. There is no testable distinction between a bond that has been pre refunded or a bond that has been advance refunded. Both bonds will be called.
No. Zero coupon by all issuers are not callable. They have no call risk. Also true of all Treasuries. They are not callable either. So ,they too, don't have call risk.
@@Series7Guru thank you. I have really bad anxiety, I think I’m over stressing this SIE. Already almost done with AD banker book, as well as still havnt even started my first day at my job which gives me 20 business days to study. I understand everything for the most part so far…. Just need to work on memorization on topics I read only once to be able to recall them later…. Would you recommend reading the book first understanding some concepts and them diving deeper the next time around and take notes etc? Or what kind of study advice would you offer?
@@whip525 read the book cover to cover in as close to one sitting as possible. Not for understanding or note taking. To see what the whole SIE looks like. Print the SIE content pdf on the FINRA for same.
Dean, you are the Godfather of the Securities exams. I passed all my licenses thanks to your amazing lessons and I recommend you to all our new reps. Great work!!! Big fan.
Thanks so much for the referrals
This is so helpful learn more from your lectures then I do my books. Thank you Dean, passed my SIE thanks to all your videos.
Always very gratifying when this channel contributes to test taking victories like yours
Dean makes this Series 7 exam much easier. Putting explanations in real world situations saves me so much studying time ! I now answer exam questions not by memory but by actually understanding the overall idea of the subject. He ties many different subjects all together. For instance if he is talking about the secondary market , he will also mention what regulations Broker/Dealers must follow . Secondary Market & Regulation rules. Two different subjects discussed in one. Wow 🔥👍. They say great things don’t come for free but his lectures disapprove of that ! I would still pay for these videos no questions asked lol !
Craig, thanks for your very kind words.
I appreciate all this work that you voluntarily put in for us🙏🏾🙏🏾🙏🏾 You are a good man!
Shoutout from Charles Schwab here in Lone Tree, Co. We are huge Tinney fans! Thank you for your videos! 21:50
Miss coming to the Lone Tree campus. Used to teach lots of live classes there.
Fellow Las Vegan here. Thank you for putting this educational series together, it's really helpful.❤️
Glad you are finding them helpful
Thanks for all the real-world examples. It helps tremendously.
De nada
Dean, you sir are a saint... I'm using Kaplan for my main prep course, but stumbling upon your channel has been a game changer. The actual examples you give for the topics covered is such a big help for remembering and understanding. THANK YOU!
De nada. Glad you are finding them helpful.
Great lecture Dean! It really tied up some loose ends I had on this topic, and served as a highlighter of sorts for me. Thanks again for everything!
Make sure to watch the other munj lecture too. Lots of muni questions on your exam.
Hey Dean, I used your videos as some supplemental material in addition to what my employer has given me to pass the SIE and am now using your videos to help with the Series 7. Love the real world examples you give, and I appreciate the "Very Testable" disclaimers you give to certain concepts. As a former teacher, I can't give you enough thanks for being such a great teacher of these subjects. Thank you!
Thanks for your kind words. Glad you are finding the channel helpful.
Dean, thank you so much for your generous contribution of your time and golden content!!! Taking my test in a few weeks and praying I pass on the 1st attempt with the help of your videos. Thank you!!!
You got this! Lots of muni questions!
I passed my SIE I took 60plus exams over the corse of 30days. I used Deans videos alongside STC material to help better understand concepts. Thank you Dean the content here is very helpful.
Sincerely,
Maxwell
Kudos on your first testing victory! What's your next testing victory? 6? 7?
Always very gratifying when my channel contributes to test taking victories like yours.
@@Series7Guru My next one is the 7, just received material yesterday 7/12. Just now reading chapter 1. My plan is to read, flashcards then watch your videos. I found during the SIE I learned a lot through pure repetition, with a foundation of reading.
-Max
@@Series7Guru I personally found your real life examples helpful, when bringing everything together BTW.
I used your channel to help me pass my 9 and now I’m about to go into my 10 exam in 3 hours. Even though this is supposed to be for the SIE, I’m finding A LOT of value with regard to the MSRB rules. I’ve been using your other videos to supplement my study materials and I’m so grateful I found your channel. Thank you so much for all the work your doing- it really makes a difference! 💯
Always very gratifying when my channel contributes to test taking victories like yours.
You got this Sales Supervisor! Sending you good test vibes.
I am so grateful to you for creating these educational videos. Bond math is not hard it was hard for me to understand and now I feel better equipped with Muni Bonds, etc.
Glad you are finding them helpful.
Passed my Sie and 7 on first go. Thank you🙏
Kudos! What's your next testing victory? 63? 66?
@@Series7Guru series 63 next week. Having difficulty with focus. Any tips?
Hello Dean, do you have any videos on legal documents?
I mean, the ones used to provide essential information to investors about securities (Official Statement, Prospectus, Offering Memorandum, Private Placement Memorandum, Offering Circular, etc.)
I always get so confused on which document goes with which securities.
No
@@Series7Guru Hello again, would you be able to make a short video on this topic? Thanks!
II'm taking the SIE this Friday and using your videos to brush up on my knowledge, and 1) love your energy and explanation (my colleague actually told me to check you out) and 2) i learned something about SFO today. I'm from SF and I did not know that SFO wasn't paid by taxpayers XD
Tell your colleague thanks for the referral. Yep, your tax payer dollars NOT at work! Lol.
@@Series7Guru lol I was rewatching this as a review for my upcoming 7 exam and so funny to see my comment here from a year ago!
All of your videos have been tremendously helpful with my overall grasp of the information for my SIE exam. Thank you!!!!
Glad to help! All the work you do on your SIE will pay big dividends on the next leg of your testing journey.
wow that was so interesting to learn about Disney! Thanks for these lectures!
Glad you are found it helpful.
I have never wanted to visit Disneyland until you mentioned the basketball hoop on the Matterhorn. If I go they need to send you a royalty from my entrance fee.
Lol
Great video. Learning alot. Question...why is thr Special Assessment bond under Revenue Bond and not GO Bond? It's on property. I live in a master planned development in Florida and pay a CDD on top of my property tax. It's due and included in my property tax as an add on. I'm assuming this is a special assessment as well.
Yes. There is no stickiness to other tax payers in the political subdivision.
Dean great video! I tend to be struggling with the math for the 7 and feel as if it’s all over the place. Do you have any recommendations on how to tackle it? Kaplans Q bank seems very challenging for math in general.
I have a video on all the math. Put math into the channel search bar.
@@Series7Guru thank you! Does Kaplan tend to be harder than the exam itself per math?
I’m devastated to report that I didn’t pass my S7 again… Now need to wait another 6 months. I thought I had it too…especially with how helpful your videos have been. I don’t know what I’m doing wrong…I feel defeated.
Damn. That hurts. How close? Will your sponsor let you go for a Series 6?
71!! Last two times that was my score! He wants me to get S7 then CFP. Do you still tutor? I know the info, I feel like it’s interpreting the questions.
What were your scores on your practice and final practice exams?
Hi Dean. I am watching this video and it feels like it is going way more in depth than what is needed for SIE. Maybe I am wrong? If not, can you point me in a better direction? Thanks.
On you going on to Series 7 top off? Watch this. It is spot on th-cam.com/video/KegLDJJKMbc/w-d-xo.htmlsi=072tDfy6NT0Izz-9
@@Series7Guru i am not. I already passed my 6 and 63. This is the 4th time taking the sie
Is this the only lecture we need that covers everything we need for Munis on series 7?
That was the intent. There are two others.
Can you link the other muni lectures you mentioned? Thanks!!
Just municipal into the channel search bar. They will all come up.
Thank you so hopeful!!!👏🏽
Glad you found it helpful. You got this.
Dean, doesn’t closed end also mean they have to issue the bonds as Jr’s?
No. They may or may not issue bonds.
Okay thank you!
Hi Dean, when will it be a situation where a investor are still suitable for both in state and out of state bond? Thank you. i keep seeing this as answer in my STC exam.
I am in Nevada. No state income tax so I could buy any muni because the only issue federal income tax exempt.
I’m using TC and they put Double Barrel bonds under revenue bonds. Would you agree? Because I see both sides. Is it because the User fees are first why they might list it as a Revenue Bond?
I do not agree. If I did agree I would teach it that way and I do not teach it that way. Voter approval means stickiness to the taxpayers, GO.
@@Series7Guru makes perfect sense! The way you explained it in the video made sense! Thank you for your input and clarification on that!
Could you clarify pre-refunding? Since bonds are being quoted at Yield To Call basis on the market, the idea is that the municipality is going to buy back the bonds at this lower price with the capital generated by the 2% issue and then have "leftover capital" that amounts to a discount pretty much?
Don't make the test harder than it is. There is nothing about a discount or leftover capital. The test question is aim and shoot or point or click. Pre refunded or advanced refunded bonds must be quoted on yield to call. The pre refunded or advance refunded bonds or the old bonds are at a premium in the secondary market.
@@Series7Guru Got it, I understand the aim of the test question now. Thanks for replying professor!
Very informative. Thank you so much !
You are welcome. Munis are very testable. There is a second lecture on underwriting munis.
I take my test tomorrow and have been actively watching your videos and practice exams. if you could suggest your best video to pass this test which would it be. Have over 700 flashcards from your videos! Lmk ASAP please youre the goat
Here you go
th-cam.com/video/7d30UYwp2sY/w-d-xo.html
Do they test on how cmos are taxed? and which ones are federally and or fully taxed?
CMOs are taxed at all levels
@@Series7Guru couldn't thank you enough
where is the muni underwriting lecture? thanks so much
th-cam.com/video/oLkSJo2CA_w/w-d-xo.html
Great video!
Thanks.
I'm studying for my Series 65. Should I expect a lot of Muni questions?
Not a lot but they are certainly there. Make sure you can do tax and tax free equivalent yield calculations.
Thank you so much..I appreciate your help...I want you help me with call ,put and short...
There are video lectures on all of that, too.
Disney example was a trip to hear after everything that went down lol
Yep. Had a lot of students past and present say same. I made the video before that went down.
32:05 Did I hear that right, that CALL protection will be based off Price, not the interest %?
The CALL provision itself would still be based off interest %, correct?
Call protection is time and price. The call price is expressed as a percentage. For example 102 men's 102% of par. Callable at 1020.
@@Series7Guru Thank you.
The best!
Glad you found it helpful.
Where do you get the $200 in the decretion problem!?
Bond price is $1,200 at maturity bond redeemed for $1,000. The difference is $200.
@@Series7Guruthe bond is matured at $1100
Bonds don't mature at 1,100. Bonds mature at 1,000.
@@Series7Guru ok so sales price at $1100 is irrelevant?
No it is relevant because 1,100 is either a gain or loss based the adjusted cost basis.
Ty
My pleasure. Not sure which Series exam you are on but if it is Series 7 beware lots of Municipal questions.
@@Series7Guru Certainly
isn't prerefunded bond quoted on YTC and advance refunded YTM ?
No. Both are quoted on YTC. There is no testable distinction between a bond that has been pre refunded or a bond that has been advance refunded. Both bonds will be called.
the sie was not as difficult as i hoped it would be.
Kudos on your SIE testing victory. It will pay big dividends on the next leg of your testing journey.
ERISA
Municipalities are not subject to ERISA
Does z coupon callable ?
No. Zero coupon by all issuers are not callable. They have no call risk.
Also true of all Treasuries. They are not callable either. So ,they too, don't have call risk.
No
Suitability lecture?
I have a 50 question suitability practice exam.
@@Series7Guru I’m taking SIE? Might be overkill? Or worth the watch?
@@whip525 my bad. Way too much for SIE. Watch the SIE explications and both SIE explicated practice exams.
@@Series7Guru thank you. I have really bad anxiety, I think I’m over stressing this SIE. Already almost done with AD banker book, as well as still havnt even started my first day at my job which gives me 20 business days to study. I understand everything for the most part so far…. Just need to work on memorization on topics I read only once to be able to recall them later…. Would you recommend reading the book first understanding some concepts and them diving deeper the next time around and take notes etc? Or what kind of study advice would you offer?
@@whip525 read the book cover to cover in as close to one sitting as possible. Not for understanding or note taking. To see what the whole SIE looks like. Print the SIE content pdf on the FINRA for same.