Passed first try!
Passed my exam on the first try. I studied full time for a month using PassPerfect. I took 18 practice exams, my average score was in the mid 70s, with failing 2 practice exams and my highest was an 85.
I have to say PassPerfect is an inferior study platform to Kaplan. I used Kaplan for the SIE and the questions were much more clearly worded.
I found Series7Guru YouTube videos very helpful, especially the video about municipal bonds, yields. I would keep in mind whenever you are watching an older video, that settlement almost always is T+1. The law changed fairly recently and the old videos don’t reflect that.
I had a lot of questions on my exam about conceptual related topics for municipal bonds ~25, ~25 option questions, about ~5 suitability questions (ie. which of the following would be most or least suitable). I did have a few questions about regulations, I had questions about disclosure to customer, and also document questions. Dean is right I only had about 3 margin questions with NO SMA questions.
Municipal bonds and advanced options strategies in and out!!! I had a lot of questions about them, with most of my math questions being about advanced option strategies (ie. straddles, spreads) and also profit loss on covered short positions. Profit/loss, breakeven.
Read every question very carefully because they DEFINITELY try to trick you by giving you unnecessary information in the question. Try to shorten every question into the simplest terms in your head.
Best of luck to everyone!
Passed my exam on the first try. I studied full time for a month using PassPerfect. I took 18 practice exams, my average score was in the mid 70s, with failing 2 practice exams and my highest was an 85.
I have to say PassPerfect is an inferior study platform to Kaplan. I used Kaplan for the SIE and the questions were much more clearly worded.
I found Series7Guru YouTube videos very helpful, especially the video about municipal bonds, yields. I would keep in mind whenever you are watching an older video, that settlement almost always is T+1. The law changed fairly recently and the old videos don’t reflect that.
I had a lot of questions on my exam about conceptual related topics for municipal bonds ~25, ~25 option questions, about ~5 suitability questions (ie. which of the following would be most or least suitable). I did have a few questions about regulations, I had questions about disclosure to customer, and also document questions. Dean is right I only had about 3 margin questions with NO SMA questions.
Municipal bonds and advanced options strategies in and out!!! I had a lot of questions about them, with most of my math questions being about advanced option strategies (ie. straddles, spreads) and also profit loss on covered short positions. Profit/loss, breakeven.
Read every question very carefully because they DEFINITELY try to trick you by giving you unnecessary information in the question. Try to shorten every question into the simplest terms in your head.
Best of luck to everyone!