@@Andre_bennett12 Yes, and then moved on to pass the 66 as well. Best of luck if you're on that journey! Dean's videos for both aforementioned exams were instrumental for me.
Very helpful and appreciated. I THINK you miswrote question 16. "An associated person who is not a RR is not permitted to engage in which of the following EXCEPT:" Your answer was Qualify prospects and make recommendations after the AP passes their exam. Your question presently constructed is saying what is the only thing they can do.
Dean, thank you so much for donating your time making these. I take the exam later this week and my confidence is starting to boost watching all your videos. Thank you for breaking it down and making everything so easy to understand!
Great video, sir. I appreciate the time you take to go back-and-forth inside the questions and not just jumping to the answers. I totally appreciate it.
Dean I am taking the exam this Friday and am a horrible test taker. Your videos are really helping me with the practice questions. Thank you for everything.
All your videos are so helpful . You explain e everything so clearly . One suggestion. Maybe make a video with numbers . This way we can memorize it . What pays dividends { number of days }, how many days you need to receive back signed forms , MAT dates 30/365. Etc …for example GNMA and Penny stocks receive 30 days { monthly } statements etc.
@Series 7 Guru it is going to be the 6 and 63. The firm I am at wants us to start there and then move to the 7 and 66 down the road. Needless to say, I'm going to be watching a lot more of your content.
Thanks for the way you break it down so that even a person that has had injuries that make it more difficult to learn BUT not impossible i just have to work harder & longer & not as good as i once was but i am good once as i ever was and takes me longer than before the accident to grasp. Yet still i am learning & I am able to learn just not as fast as i once use to be able to do!! Thanks for the examples to go with the question and making it possible for me to learn. I have learned so much so much i thought i knew THAT I did NOT have a clue!!! Until now!!!....
There is the potential of a margin question or two. Make sure you know the documentation for a margin account. Know what a free ride is and the minimum is $2,000 or 100% of the purchase price if under $2,000.
Thank you for all the great content, i have been bouncing from pass perfect to your videos and you real help clear up confusion brought on by pass perfect. My exam is scheduled for tomorrow friday the 13th lol cross my fingers hope to pass!!!
If these are the types of questions like format and how the questions are asked, I think I will be good. On Kaplan I have gotten 68% and 69% on my practice exams. I did this and I only missed 9 questions. Lets pray that the questions are just like this!!!
Always exciting to know that my content is relevant to the actual exam. Kudos on your first testing victory. That victory will pay dividends on the second leg of your testing journey.
I will say most of the questions on my SIE exam I had not seen before. After going through the first time, I looked back and found that I had "Marked for review" 27 of the 85 questions! So you really need to understand the concepts rather than just memorizing previous test questions. That's why you really need to listen carefully to these explications, and not just see the answer and move on. I think Dean Tinney does these explications the best of all the TH-cam instructors. Thank you.
It pertain to the question about high inflation & economic expansion. The Option available are not consistent with question asked, there is some typo mistake. It should be either Sell Bond or Raise Discount rate.
Hi Dean! Love your videos and they have helped me so much. On the options question on timestamp 47:25, I thought that the answer would be B. 61 because buying a put is bearish so it would be the strike price - the premium. I'm having a hard time understanding how you got to D. 69. Thanks in advance for clarifying!
Thanks for your content. I am debating on getting sponsored for the 7 vs the 22. I am only required to take the 22 however the study material is not great. The series 7 even though it is more comprehensive may be easier to pass? Do you have any thoughts on which route would be better? I am fairly proficient at options. Thanks
7 for sure. Why get limited registration when you get full registration? Be proficient in options makes the choice even more on the side of the Series 7.
Howdy sir! Thank you so much for taking the time to make these videos. I had a question about gratuity limits. What’s the difference between the $100 & $250 limit?
Hey Dean, I'm just curious, on the SIE are there roman numeral questions with multiple correct answers or is there just one correct answer per question?
Hey Dean, quick question, I had thought 2 consecutive quarters of GDP down meant a recession; however your video said 6. I wonder if my training consultants has it wrong.
Regarding the dividend question: a $20 stock pays a quarterly $0.20 dividend, what is the yield? The answer given is 4%; however, that is only true if their is a 20 cent dividends for the entire four quarters.
Dean, these videos are saving me! Your explication is incredible. Thank you! On this one it seems that the question is describing statutory by way of stating "votes for each vacancy" (so 500 per each vacancy) vs cumulative where they can be allocated not per vacancy but however desired. Am I just misinterpreting the question? Thanks so much!
Hi dean, the question speaking on what you cant do as I registered rep doesn’t make sense.(25:03 time stamp) the question is asking what you are permitted to do but you chose answer C which is what you’re not permitted to do. I think you mistyped the question by mistake. Also thanks for all your help!
For test purposes ETFs are not long term investment vehicles and mutual funds are long term investment vehicles. Some ETFs are actively managed. An index mutual is always passively managed. Given this answer set index mutual is the best answer and it will be the same on the actual SIE exam.
Just curious to Dean or anyone who has used Kaplan and taken the SIE. Are they Kaplan mock exams designed to be harder than the actual FINRA exam? The most recent mock exam I took was a 73% score. I have 16 more units of videos to watch in the next week and then the final mastery exam, with the real exam in 2 1/2 weeks. Looking for multiple inputs from others and Dean as well. Thanks everyone and good luck on your exams!
Hi Dean, this is Charlotte originally from Las Vegas! On the "A husband and wife want to open an account where the decedent's share will go to the surviving spouse..." (37:13), the answer you choose is JTWROS. What makes that different from TOD in this circumstance of husband/wife? Thank you so much for any insight! I'm taking my exam on Wednesday-I'll be having a very happy Thanksgiving, or a very sad one.
Hi dean ! The question about breakeven @37:04 based on puts is alittle confusing to me because my Kaplan book says puts breakeven formula is strike-premium .
Because the dividends that are paid in dollars are from the converted or exchanged foreign currency. For example, Telefonos de Mexico is an ADR. The phone bills are collected in pesos. Those pesos are then converted into dollars to pay the holders of the ADR so the dollars received will fluctuate based on the exchange or "spot rate'. Very testable to know ADRs have currency risk!
@@kp2838Eurodollat bonds do not have foreign currency risk. You lent a fixed number of US dollars and that is what you will receive. The issuer has the currency risk.
Hey Dean, your videos have been super helpful so far and make me much more confident about my chances of passing the SIE on my first try. I had a quick question in regards to inherited shares, I am currently at 31:30 in the video. I know the cost basis of the inherited shares are the market value when the owner dies, a "step up" but what is the case if the shares are less than what the owner bought them at? Can the beneficiary choose to have the same cost basis as the deceased? I assume not because you cannot inherit a capital loss, I just wanted to confirm since it would not be a "step up" but more of a "step down" in that case?
There is no such thing as the Securities of 1994. They are not the same. The two seperare pieces are the Securities Act of 33 and the Securities of 34. No testable difference in referring to it as the Securities Act of 34 or the Securities and Exchange of 34. They are two different companion pieces of legislation. Congress passed '33 in December and came back and passed '34 in January.
Hi Dean, I was 2 points away from passing last time. I had a couple of questions about taxation with different securities. Can you direct me to something that I could review regarding this topic?
"the covers a position " question is confusing terminology Dean If you cover 100 shares of a stock with a call option, don't you sell that option first ? that's an opening sale of that option Am I reading too much into this?
The shares are not covered. The option is covered. A naked or uncovered call is obligating yourself to sell stock you do not own. A covered call is obligation yourself to sell stock you do own. Watch the option lecture.
You got this! 2 important things left. First get a good sleep tonight. Second tomorrow be confident in yourself and even more important be confident in your answers! Sending you good test vibes!
Dean, again, your explication is so much more than anyone else offers. Thank you!! On the high inflation what does the Fed do question, the answer is "raise the fed funds rate," but I thought banks set the fed funds rate, not the Fed? Isn't the Fed only able to manipulate the discount rate? Thanks so much for clarifying!
@@Series7Guru passed today!!!!!! Normally would never come back to comment on a TH-cam post but these vids really made the difference….you’re helping a lot of people
Whats the difference between the first question and Kaplan? On Kaplan it said: Answer A: The age limit for ABLE accounts is based on the onset of disability, not their current age. The onset must be before they turn 26 years old. Achieving a Better Life Experience (ABLE) accounts may be opened for beneficiaries at what age? A) Any age B) Before the beneficiary reaches the age of majority in their home state C) On or after the beneficiary’s 26th birthday D) Before the beneficiary’s 26th birthday
When a broker dealer charges a markup or markdown on a securities transaction, it is acting as: You answered market maker. Can you explain why principal, or dealer, is not the right answer? Thank you.
You are welcome. Been very exciting we have had a major uptick in views on our SIE playlist. Gratifying that SIE test takers are finding us the first leg of their testing journey.
@@Series7Guru thanks for quick response. So after passing the SIE, to obtain a sponsorship does one essentially apply at a 'job' as a sponsorship? Pardon the silly questions, I'm very new to this. I'm fascinated by finance, and would like to potentially pursue a career in it!
So wait. The buyer of an option is always Strike price less premium? My book has it the opposite way wtf. This obviously makes sense but idk why the book has Strike price less premium for a Put Holder
@@faithphillips4263 in that question they bought a protective “put” option for 4$. Always remember it’s 4$ premium they are paying as well as buying 100 shares for 65. In theory they spent 65 money out as well as 4$ premium money out… Always remember the money in money out rule with options… If they paid for shares and bought a protective pit then it’s strike price plus premium instead of the normal way strike price less premium. Meaning if it was the normal way and he never bought shares and just bought a put contract it would be “strike price less premium” in this case thoe because he bought shares it’s called a protective put. That’s because you only exercise it if the stock goes down, but in reality you own the stock and are bullish betting it will go up in price, worse comes to worse you sell it at the price you bought your out for to save you money in the long run if it goes down drastically. For example I buy a stock at 45$ per share, as well as a protective put. If the price of the share goes to 35$ I can still sell it at 45$ to the put seller aka contract seller or the bearish side - Long put - the seller has an obligation to pay up because the buy holds authority to exercise…. Not the seller! They gave up that right when they sold someone that obligation to buy their stock at a premium determined price
Just tried SIE first time and 69% oh wow this is very sad. Passperfect was too overwhelming for me . Does Kaplan Q bank helpful if I purchase that and is that only questions to practice ? Will go throw all your lectures for sure . Plz help
Damn. That hurts for sure.. My frustration grows with PassPerfect. I do think they can put test takers at risk with too much. Many very successful people in our business have suffered this misfortune. Just another test to pass. I think every PassPerfect student should buy a supplemental Q bank. Kaplan's is $60. Feel free to use my 10% discount code at checkout, Guru10.
@@sangeetaheines3141 Damn. This misfortune is just another test to pass. You only receive your score if you don't pass. I definitely recommend a supplemental Q bank.
@@Series7Guru plz let me know when you do . Looking forward to it, if you can add more suitability questions and bonds . These two areas I am not good at . Thank you
Passed my SIE today and watching this video this morning definitely made a difference. Thanks!
Kudos on your first testing victory! What is your next testing victory? 6? 7?
@@Series7Guru it'll be the 7! Looking forward to utilizing the many resources you have worked hard to provide!
@@akveeee Did you get it?
@@Andre_bennett12 Yes, and then moved on to pass the 66 as well. Best of luck if you're on that journey! Dean's videos for both aforementioned exams were instrumental for me.
@ great, thanks! I'm stating my career in financial services after I graduate. I have zero financial background, I hope I can get this done!
Very helpful and appreciated. I THINK you miswrote question 16. "An associated person who is not a RR is not permitted to engage in which of the following EXCEPT:" Your answer was Qualify prospects and make recommendations after the AP passes their exam. Your question presently constructed is saying what is the only thing they can do.
I noticed the same error.
Dean, thank you so much for donating your time making these. I take the exam later this week and my confidence is starting to boost watching all your videos. Thank you for breaking it down and making everything so easy to understand!
You are welcome. Always very gratifying when test takers find my videos helpful.
Great video, sir. I appreciate the time you take to go back-and-forth inside the questions and not just jumping to the answers. I totally appreciate it.
I SIMPLY LOVE YOUR DELIVERY. I am preparing to take the SIE, 6, 63 and then life and health...so its a journey i am on and this was helpful!
Glad you are finding my delivery helpful. I am not everyone's cup of tea. Lol.
I take my SIE tomorrow and you have helped me understand so much in so little time. You are the goat!
You are too kind. Circke back with the news of your testing victory!
@ expect great news! Thank you for everything again, I plan on using your videos on series 7 and 63
@@Series7Guru I passed! You are the best! Series 7 playlist here I come!
Dean, thank you very much for your efforts in developing this invaluable content. Delivery is excellent.
Thank you
Hi Dean, I just took and passed my SIE exam, your lectures and videos were a huge help so I just wanted to say thanks!
Kudos on passing your SIE exam!!!! Very gratifying when my lectures and videos contribute to test taking victories like yours!!
how similar were his examples to the exam? Harder or easier? similar wording? popular topics?
Yes! I passed my SIE as well!! Thanks Dean. Thank you so much. Your videos were a great help
Dean I am taking the exam this Friday and am a horrible test taker. Your videos are really helping me with the practice questions. Thank you for everything.
Glad you are finding them helpful.
@@Series7Guru Dean if I am struggling with a except question on the exam. What is the best way of doing the process of elimination.
On your scratch paper put A B C D and then put a T or F next to answer on the screen.
@@Series7Guru Thank you 😊
All your videos are so helpful . You explain e everything so clearly . One suggestion. Maybe make a video with numbers . This way we can memorize it . What pays dividends { number of days }, how many days you need to receive back signed forms , MAT dates 30/365. Etc …for example GNMA and Penny stocks receive 30 days { monthly } statements etc.
Glad you are finding them helpful. There is already a video like that.
I passed the SIE this morning. Thank you Dean.
You are welcome! What's your next testing victory? 6? 7?
@Series 7 Guru it is going to be the 6 and 63. The firm I am at wants us to start there and then move to the 7 and 66 down the road. Needless to say, I'm going to be watching a lot more of your content.
Thanks for the way you break it down so that even a person that has had injuries that make it more difficult to learn BUT not impossible i just have to work harder & longer & not as good as i once was but i am good once as i ever was and takes me longer than before the accident to grasp. Yet still i am learning & I am able to learn just not as fast as i once use to be able to do!! Thanks for the examples to go with the question and making it possible for me to learn. I have learned so much so much i thought i knew THAT I did NOT have a clue!!! Until now!!!....
Glad it is coming together. Stsy the course!
Thank you Dean for these videos! I passed my SIE. I thought it was funny, I had three stock split questions, and two of those were reverse splits.
Kudos on your SIE testing victory. Sometimes they are tricky. Way to RTFQ!
Awesome video Dean. Can't wait to watch the other SIE practice test tomorrow, test in a couple of days!
There is the potential of a margin question or two. Make sure you know the documentation for a margin account. Know what a free ride is and the minimum is $2,000 or 100% of the purchase price if under $2,000.
Thank you for all the great content, i have been bouncing from pass perfect to your videos and you real help clear up confusion brought on by pass perfect. My exam is scheduled for tomorrow friday the 13th lol cross my fingers hope to pass!!!
Sending you good test vibes. You got this! Be confident in yourself and most importantly be confident in your answers.
@@Series7Guru Thank you wise Guru!!!!
@@rthaftevani1661 de nada
Watched today and passed the SIE today- thank you!
Kudos on your first testing victory! What's your next testing victory? 6? 7?
@@Series7Guru next up is the 7.
If these are the types of questions like format and how the questions are asked, I think I will be good. On Kaplan I have gotten 68% and 69% on my practice exams. I did this and I only missed 9 questions. Lets pray that the questions are just like this!!!
You got this!
Thank you so much for this video! You mentioned information that I saw directly in my exam. I look forward to following you for my Series 7 exam.
Always exciting to know that my content is relevant to the actual exam. Kudos on your first testing victory. That victory will pay dividends on the second leg of your testing journey.
Dean your videos helped me pass the SIE today! Thank you for posting such helpful content. On to the 7 TO next!
Kudos on your first of three testing victories. Always gratifying when my videos contribute testing victories like yours.
Just passed my SIE, thanks in large part to your videos. Much appreciated!
Always gratifying when my videos to test taking victories like yours. KUDOS on passing your SIE exam!
I will say most of the questions on my SIE exam I had not seen before. After going through the first time, I looked back and found that I had "Marked for review" 27 of the 85 questions! So you really need to understand the concepts rather than just memorizing previous test questions. That's why you really need to listen carefully to these explications, and not just see the answer and move on. I think Dean Tinney does these explications the best of all the TH-cam instructors. Thank you.
It pertain to the question about high inflation & economic expansion. The Option available are not consistent with question asked, there is some typo mistake. It should be either Sell Bond or Raise Discount rate.
What is the QID?
You have been such a helpful teacher thank you! I didn’t think I would ever understand these concepts but you really helped
Kudos on your first testing victory! What's your next testing victory? 63? 66?
I take the SIE Wednesday and then I’m straight onto the 6! Hoping this material will help with that as well :)
Hi Dean! Love your videos and they have helped me so much. On the options question on timestamp 47:25, I thought that the answer would be B. 61 because buying a put is bearish so it would be the strike price - the premium. I'm having a hard time understanding how you got to D. 69. Thanks in advance for clarifying!
The position is bullish not bearish. Stock dominates. The breakeven is stock cost plus the premium. Watch the lecture on protective put.
Thanks for your content. I am debating on getting sponsored for the 7 vs the 22. I am only required to take the 22 however the study material is not great. The series 7 even though it is more comprehensive may be easier to pass? Do you have any thoughts on which route would be better? I am fairly proficient at options. Thanks
7 for sure. Why get limited registration when you get full registration?
Be proficient in options makes the choice even more on the side of the Series 7.
Minute 52:30 is now T+1 if you are watching this in 2024 + beyond
There are many video updates on this on the channel
Howdy sir! Thank you so much for taking the time to make these videos. I had a question about gratuity limits. What’s the difference between the $100 & $250 limit?
$100 is gift or gratuity. $250 is campaign contributions.
Hey Dean, I'm just curious, on the SIE are there roman numeral questions with multiple correct answers or is there just one correct answer per question?
There are no roman numeral questions on the SIE.
The computation of dollar prices and accrued interest on municipal bonds is normal on what calendar basis? The answer should be 30/360.
It is. What question number says different?
The videos are helpful. Is there a way to have less ads in them?
Yes. $20 a month
Hey Dean, quick question, I had thought 2 consecutive quarters of GDP down meant a recession; however your video said 6. I wonder if my training consultants has it wrong.
No. 2 calendar quarters is recession. 6 calendar quarters depression.
Regarding the dividend question: a $20 stock pays a quarterly $0.20 dividend, what is the yield? The answer given is 4%; however, that is only true if their is a 20 cent dividends for the entire four quarters.
Yes and that is the assumption on the tesr. Don't make the test harder than it already is.
@@Series7Guru I understand, but the question, as written, does not support the answer given with making an unfounded assumption.
@@patrickdean4853 let it go and move on.
@@Series7Guru I guess I just simply disagree with out being disagreeable! 👍😂
Thanks for sharing these. I’m just getting started and preparing for SIE exam. After that what is usually up next?
A series 6 or a Series 7 registration
@@Series7Guru after reading more into it the goal is series 66 and series 7. Thanks for all the information shared.
Dean, these videos are saving me! Your explication is incredible. Thank you! On this one it seems that the question is describing statutory by way of stating "votes for each vacancy" (so 500 per each vacancy) vs cumulative where they can be allocated not per vacancy but however desired. Am I just misinterpreting the question? Thanks so much!
That works. 500 shares 3 board seats up for election cumulative woukd be 1,500 votes.
T+1 for basically every security trading now. This video is from a couple years ago.
Yes. I have made several video updates.
@ This is still a great video to review tho. I passed my SIE yesterday!
Hi dean, the question speaking on what you cant do as I registered rep doesn’t make sense.(25:03 time stamp) the question is asking what you are permitted to do but you chose answer C which is what you’re not permitted to do. I think you mistyped the question by mistake. Also thanks for all your help!
Good catch. Need to delete the not that creates the double negative.
19:48 Why are ETFs not considered long-term? Index Funds include both Mutual Funds and ETFs, no?
For test purposes ETFs are not long term investment vehicles and mutual funds are long term investment vehicles. Some ETFs are actively managed. An index mutual is always passively managed. Given this answer set index mutual is the best answer and it will be the same on the actual SIE exam.
Just curious to Dean or anyone who has used Kaplan and taken the SIE. Are they Kaplan mock exams designed to be harder than the actual FINRA exam? The most recent mock exam I took was a 73% score. I have 16 more units of videos to watch in the next week and then the final mastery exam, with the real exam in 2 1/2 weeks. Looking for multiple inputs from others and Dean as well. Thanks everyone and good luck on your exams!
Yes. Kaplan wants you to be pleasantly surprised on the actual exam. Kaplan is tougher.
@@Series7Guru oh thank goodness! They have been kicking my butt!
Hi Dean, this is Charlotte originally from Las Vegas! On the "A husband and wife want to open an account where the decedent's share will go to the surviving spouse..." (37:13), the answer you choose is JTWROS. What makes that different from TOD in this circumstance of husband/wife? Thank you so much for any insight! I'm taking my exam on Wednesday-I'll be having a very happy Thanksgiving, or a very sad one.
More appropriate answer because TOD is about avoiding probate. This question is not about avoiding probate.
@@Series7Guru This is super helpful. Thank you, Dean!
Hi dean ! The question about breakeven @37:04 based on puts is alittle confusing to me because my Kaplan book says puts breakeven formula is strike-premium .
Could you explain this alittle further?
When you add a put to the stock the breaken is stock cost plus premium.
Hi Dean, why ADR have currency risk if it's priced and pays dividends in US dollar? Thank you.
Because the dividends that are paid in dollars are from the converted or exchanged foreign currency. For example, Telefonos de Mexico is an ADR. The phone bills are collected in pesos. Those pesos are then converted into dollars to pay the holders of the ADR so the dollars received will fluctuate based on the exchange or "spot rate'. Very testable to know ADRs have currency risk!
@@Series7Guru I see. But Eurodollar bond issued by a foreign corporation doesn't have the same issue? Thank you!
@@kp2838Eurodollat bonds do not have foreign currency risk. You lent a fixed number of US dollars and that is what you will receive. The issuer has the currency risk.
@@Series7Guru Got it! Thank you!
Thanks Dean. Helped a lot
Glad you found it helpful.
Hey Dean, your videos have been super helpful so far and make me much more confident about my chances of passing the SIE on my first try. I had a quick question in regards to inherited shares, I am currently at 31:30 in the video.
I know the cost basis of the inherited shares are the market value when the owner dies, a "step up" but what is the case if the shares are less than what the owner bought them at? Can the beneficiary choose to have the same cost basis as the deceased? I assume not because you cannot inherit a capital loss, I just wanted to confirm since it would not be a "step up" but more of a "step down" in that case?
I don't know. Not on the test.
@@Series7Guru would a gift of stock allow same cost basis as owner?
(I think that may be an answer to what hes asking)
@@simonroese2596 yes
@@Series7Guru that means im learning 🤣🤣🙃
You rock
When i have more money im foing to buy or donate to you sir
Hey Dean at 1:10:20 under answer A you meant the Securities and EXCHANGE Act of 1994, not the Securities Act right? I mean both A and B are the same.
There is no such thing as the Securities of 1994. They are not the same. The two seperare pieces are the Securities Act of 33 and the Securities of 34. No testable difference in referring to it as the Securities Act of 34 or the Securities and Exchange of 34. They are two different companion pieces of legislation. Congress passed '33 in December and came back and passed '34 in January.
Thank for the practice exam! I didn't quite understand that bond question with 5.5% and 98% $980 ...missing so info for my understanding.
Go back to lay base knowledge on bonds. Watch this th-cam.com/video/K2cT-DBLaSQ/w-d-xo.html
Hi Dean, I was 2 points away from passing last time. I had a couple of questions about taxation with different securities. Can you direct me to something that I could review regarding this topic?
Here you go th-cam.com/video/TLAGtorPw9g/w-d-xo.html
@@Series7Guru Does the RR need approval to place an Ad with FINRA if FINRA’s name is placed or mentioned in the advertisement?
@@annata1178 RR needs approval from a General Securities Principal for ANY advertisement.
"the covers a position " question is confusing terminology Dean
If you cover 100 shares of a stock with a call option, don't you sell that option first ? that's an opening sale of that option
Am I reading too much into this?
The shares are not covered. The option is covered.
A naked or uncovered call is obligating yourself to sell stock you do not own.
A covered call is obligation yourself to sell stock you do own.
Watch the option lecture.
@@Series7Guru Thank you ! Great series you have....very helpful
This was So Good! Thanks Dean. Tomorrow is my exam. Still worried.🙂
You got this! 2 important things left. First get a good sleep tonight. Second tomorrow be confident in yourself and even more important be confident in your answers! Sending you good test vibes!
@@Series7Guru Exam got cancelled due to bad weather so now I have it this Saturday. Please pray. I have studied hard.
Dean, again, your explication is so much more than anyone else offers. Thank you!! On the high inflation what does the Fed do question, the answer is "raise the fed funds rate," but I thought banks set the fed funds rate, not the Fed? Isn't the Fed only able to manipulate the discount rate? Thanks so much for clarifying!
The Fed raises their target for fed funds rate.
if i do well on this (around 90%) should I be worried about not passing?
Need more than one practice test score
@@Series7Guru passed today!!!!!! Normally would never come back to comment on a TH-cam post but these vids really made the difference….you’re helping a lot of people
Whats the difference between the first question and Kaplan?
On Kaplan it said: Answer A: The age limit for ABLE accounts is based on the onset of disability, not their current age. The onset must be before they turn 26 years old.
Achieving a Better Life Experience (ABLE) accounts may be opened for beneficiaries at what age?
A)
Any age
B)
Before the beneficiary reaches the age of majority in their home state
C)
On or after the beneficiary’s 26th birthday
D)
Before the beneficiary’s 26th birthday
There is no testable difference. On the exam it is an aim and point and click question. They will offer different ages and you pick 26.
@@Series7Guru so is Kaplan incorrect?
@@kenniac4229 Kaplan is correct
hi Dean , i am wondering what is the difference btw 4 and 144 ?
exp : Tsla CEO sold a lot of shares and he filed 4 instead of 144 .
144 is at or prior to the sale and 4 is after the sale
@@Series7Guru thank you
@@TheReyila you are welcome
How many questions were in this video ?
Don't know. Ended with an internet disruption
@@Series7Guru ok thank you
Can you give your contact for SIE Exam tutorial
Deantinneytutoring.setmore.com
you da man!! thx for this video
You are welcome.
Thank you very much
You are welcome. Glad you are finding it helpful.
excelent!!!!!! thanks
De nada
Is the test a lot like this?
The best correlation is the TestGeek practice test but this is good too.
When a broker dealer charges a markup or markdown on a securities transaction, it is acting as:
You answered market maker.
Can you explain why principal, or dealer, is not the right answer? Thank you.
They are the same. A market maker acts as a principal or dealer in providing liquidity in OTC stocks. What is the time stamp or slide number?
1:17:17
@@see-yoo didn't give you dealer as a choice. The question and answer are correct.
Thank you
@@see-yoo de nada.
thank you, dean
You are welcome. Been very exciting we have had a major uptick in views on our SIE playlist. Gratifying that SIE test takers are finding us the first leg of their testing journey.
Hi, what does one do after passing their SIE exam?
Most find sponsorship for either the Series top off or the Series 7 top off
@@Series7Guru thanks for quick response. So after passing the SIE, to obtain a sponsorship does one essentially apply at a 'job' as a sponsorship? Pardon the silly questions, I'm very new to this. I'm fascinated by finance, and would like to potentially pursue a career in it!
@@richieschmidt6225 yes need to be hire by a broker/dealer
THANK YOU!!!
You're welcome!
So wait. The buyer of an option is always Strike price less premium? My book has it the opposite way wtf. This obviously makes sense but idk why the book has Strike price less premium for a Put Holder
Nvm I get it it’s because they owned the underlying stock… nvm
Good catch.
@@Series7Guru you the best dean. Thanks!
Hey, is this question in regards to time stamp 48:53 by chance? Sure would clear up my confusion if it is.
@@faithphillips4263 in that question they bought a protective “put” option for 4$. Always remember it’s 4$ premium they are paying as well as buying 100 shares for 65. In theory they spent 65 money out as well as 4$ premium money out…
Always remember the money in money out rule with options…
If they paid for shares and bought a protective pit then it’s strike price plus premium instead of the normal way strike price less premium. Meaning if it was the normal way and he never bought shares and just bought a put contract it would be “strike price less premium” in this case thoe because he bought shares it’s called a protective put. That’s because you only exercise it if the stock goes down, but in reality you own the stock and are bullish betting it will go up in price, worse comes to worse you sell it at the price you bought your out for to save you money in the long run if it goes down drastically. For example I buy a stock at 45$ per share, as well as a protective put. If the price of the share goes to 35$ I can still sell it at 45$ to the put seller aka contract seller or the bearish side - Long put - the seller has an obligation to pay up because the buy holds authority to exercise…. Not the seller! They gave up that right when they sold someone that obligation to buy their stock at a premium determined price
I do not understand 44
Not very helpful. What part do you not understand?
Just tried SIE first time and 69% oh wow this is very sad.
Passperfect was too overwhelming for me . Does Kaplan Q bank helpful if I purchase that and is that only questions to practice ? Will go throw all your lectures for sure . Plz help
Damn. That hurts for sure..
My frustration grows with PassPerfect. I do think they can put test takers at risk with too much.
Many very successful people in our business have suffered this misfortune. Just another test to pass.
I think every PassPerfect student should buy a supplemental Q bank. Kaplan's is $60. Feel free to use my 10% discount code at checkout, Guru10.
@@Series7Guru thank you for the code . guess i cried enough will get back to it .
@@sangeetaheines3141 Damn. This misfortune is just another test to pass.
You only receive your score if you don't pass.
I definitely recommend a supplemental Q bank.
Hi Dean , is there any test 2 ? i see this one said test 1 . I have learned a lot from this , thank you for your work .
Not yet.
@@Series7Guru plz let me know when you do . Looking forward to it, if you can add more suitability questions and bonds . These two areas I am not good at . Thank you
*** LIKE THIS VID ***