What You Will See on the SIE Exam (according to Reddit)

[@bcb147]

Want to thank you so much for this video series. You have a wonderfully colloquial fashion in explaining what are very alien terms to the uninitiated of the securities world (people like me). This is exceptionally critical for those staring down the barrel of the SIE and Series 6 (also like me). Keep up the great work.

[@BasicWisdom]

THANK YOU so much for the kind words! Good luck with your exams!

[@nathanramirez5505]

Took the SIE today & passed! This video helped a lot.

[@Sohanuncensored]

Hey, even I am planning to take this exam, can you please help me with some information about this exam?

[@BasicWisdom]

Congratulations! Good luck with your next exam!

[@bradenbates8104]

This video was very helpful! Thanks man. I take my SIE on Monday and feel pretty good about it. I was worried about formulas and math, but after this I feel a little bit better. haha

[@alessandramaio8738]

Currently studying to take my exam, thank you for this video🙏🏼🙌🏻

[@Sohanuncensored]

Hey, even I am planning to take this exam, can you please help me with some information about this exam?

[@kathrynheather2178]

I’m getting ready to sit for the exam on Tuesday and am so grateful you posted this video, thank you.

[@BasicWisdom]

I'm happy this helps! Good luck on Tuesday!

[@Iamsa1121]

did u pass? im studying for SIE now.

[@SethMacLeod95]

Ebad Ali I take it tomorrow. I’ll let you know

[@MrLordking123]

Did this video help @Lloyd?

[@Sohanuncensored]

Hey, even I am planning to take this exam, can you please help me with some information about this exam?

[@SoKrispE]

Took mine today. Passed! I used Kaplan to study. I will say you definitely need to read the questions and answers carefully. The wording can be very tricky. I had to use process of elimination a lot even though I felt like I knew the material. I was getting high 80s and low 90s on my simulated exams with Kaplan. Only used the calculator once. Hope this helps anyone looking through comments like I did. Good luck. You got it. ✌🏾

[@RickyFreshHD]

What did you get on the exam?

[@SoKrispE]

@@RickyFreshHD idk. they only say if you pass or fail. I think the results come in the mail after.

[@RickyFreshHD]

@@SoKrispE I take mine tomorrow but thanks for the reply!

[@RickyFreshHD]

@@SoKrispE just passed 💯💯💯

[@SoKrispE]

@@RickyFreshHD congrats bro!

[@jaycee0403]

I’m taking my SIE on Friday and I’m super nervous. Thank you for this info

[@BasicWisdom]

Good luck!! You can do it!

[@jaycee0403]

Basic Wisdom I passed 🙌🏼

[@BasicWisdom]

@@jaycee0403 Congratulations!!!

[@rooneystar3737]

jaycee0403 how was it ?

[@jaycee0403]

Rawan Shehadeh it wasn’t as hard as I thought it was going to be but a lot of questions had answers where two or more could’ve been correct

[@Anthonykitts]

im sitting outside my office about to take my test in an hour! Thank you for this!

[@BasicWisdom]

You're welcome! I hope you passed!

[@Sauci0]

Taking the SIE tomorrow morning. I'm nervous, but I think I can pass it. Thanks for this video.

[@BasicWisdom]

Good luck! You can do it!!

[@Sauci0]

Basic Wisdom Just passed it man thanks !

[@BasicWisdom]

@@Sauci0 Congratulations!! Good luck with your top-off exam and NASAA (state) exam!

[@rooneystar3737]

Hunter Fauci how was it?

[@Sauci0]

Rawan Shehadeh passed

[@sinceritylazo5447]

So I got an offer from DLA and they gave us 3 weeks to study with 40 hours a week material and I was like hell no narrow this down so this video helped soooooo much I test on the 9th AMEN!!!! Thank you

[@BasicWisdom]

Good luck!! You can do it!!!

[@carlosflorez234]

Howd you do?

[@sinceritylazo5447]

Carlos Florez failed got a 62% I loved their program but after a few chapters you have to pay like 75.00 or something and I didn’t have it at the time to do that so I went off the over saturated info not knowing what exactly I need to memorize and got a 62. The test questions weren’t hard very simple I had no math questions risk and suitability was def a factor I’m trying again sept 12th

[@BasicWisdom]

​@@sinceritylazo5447 I'm so sorry you failed! The Achievable program has 15 other chapters - I wish you could've utilized our full program! Our course price is $74, which is lower than any major vendor out there. For comparison, check out this part of our website: achievable.me/compare/

[@ZFiacco1]

Studied for about 5 days and just passed today!

[@ZFiacco1]

Can confirm the video is pretty accurate. I did however have a few questions regarding options that I either had to know when to buy a specific option, or what the potential max/min gains are.

[@BasicWisdom]

@@ZFiacco1 Congrats on passing!! Thanks for the feedback!

[@tylervance419]

Congrats on passing! What did you use to study?

[@ZFiacco1]

Tyler Vance Solomon exam prep practice exams

[@ledflaplin2001]

How many hours a day did you study?

[@djlatu]

I just saw a video on you explaining credit swaps. I'm licensed and looked up every thing on swaps in the past on KZbin and didn't understand it (after watching The Big Short). I swear if you use your home insurance analogy and post a video it would get a ton of views. Thanks Brandon!

[@BasicWisdom]

I'm for sure going to create a CDS video soon. Thanks for watching my videos, both off and on of the green line :)

[@alankerlidou2591]

I work full time and I am trying to take the exam soon. Been 3 weeks I am genuinely studying. It is much harder than anticipated to prepare for it.

[@mrmikeflo11]

I’m looking to get the study material on Friday for the SIE exam

[@BasicWisdom]

Thanks for using Achievable! Link is in the description. Good luck with your studies and exam!

[@borncccp1]

I just took the SIE yesterday (passed) the majority of the questions for me was from chapter 4 in the kaplan book mostly asked what I as a RR can or cant do when it comes to various things like for example what "as a rr this statement would be considered misleading to a client" or as a rr which one of these statement can you make to a perspective client and is considered correct" I did have one question that I struggled with so much I ended up memorizing it so here it. Ill tell you how I answered it and what my reason was but if it is incorrect can you please tell me the correct answer since it got me really curious "A municipality has issued revenue bonds to build a bridge with a toll. The bridge was not as popular as the municipality had hoped and it doesnt know if it can now pay interest on the outstanding bonds. What will happen?" (its not word for word but thats basically the question) a) pay next coming interest then declare the bond default b)use state taxes to pay the bonds interest c) issue income bonds d) default on the bonds I chose B for my answer because I know municipal bonds are only second to federal ones when in comes to safety. I eliminated C because I think only companies that are reorganizing after bankruptcy only issue income bonds. and i avoided a&b because i think it would only go default if the entire municipality when belly up not just the one bridge. But like I said I have no idea my book covered this topic pretty well and i know that on GO bonds are backed my taxes but my book never really went over what happens if the revenue behind the revenue bond doesnt cover the interest. can you please explain what the right answer is and why?

[@BasicWisdom]

In regards to the question you saw, here's my take: I do not think the answer is B because it's a revenue bond. Revenue bonds are only backed by the revenues of the project, being the bridge itself (I assume there's a toll on the bridge). Therefore, no taxes can be used to pay off the bond. Also, it's not C for your reasons (only corporations issue income bonds). That leaves us with A and D. The answer hinges on the exact wording of the question, though (I know it's a summary of what you remember). If they make it clear in the question that they don't have money for the next interest payment, D would definitely be the answer. The only choice is to default if the funds are not there. If the question mentioned having only enough revenue to pay the next interest payment, then we could make an argument for A. All in all, the important part is knowing a revenue bond can only be paid off with revenues the project receives, and no taxpayer funds can be used (unless it's a double barreled type of bond). If I had to guess, D is probably what they were looking for. I hope this helps!

[@Sohanuncensored]

Hey, even I am planning to take this exam, can you please help me with some information about this exam?

[@borncccp1]

@@Sohanuncensored like what ?

[@Sohanuncensored]

@@borncccp1 like the materials that you referred, the hours you spent on preparation and how the certificate is helping you now

[@borncccp1]

@@Sohanuncensored this was literally a year ago but from what i remember u just gotta do a bunch of practice tests. review the ones you got right but then super review the ones u got wrong. i studied about 12ish hours per day with 10-15 min breaks every 2 hours. the thing that helped me most FOR ME was as i read the book i rewrite what i just read in my own words. then check to make sure if i got it wright or missed anything then when i finished reading the book i just re read the notes and did endless practice tests.

[@JohnnyMag-pi]

These are great feedback, I’m getting ready to take my test. Thank you.

[@BasicWisdom]

You can do it! Good luck on your exam!

[@JohnnyMag-pi]

Thanks for all your contributions, I just passed my test. Cheers!

[@BasicWisdom]

@@JohnnyMag-pi Congratulations!

[@DorendaMoniqueClink]

Did you use achievable for studying or another option?

[@matttait6145]

I have purchased the Kaplan SIE exam prep have been doing fairly well achieving 80’s on the practice exams would this translate to a passing score on the actual exam?

[@BasicWisdom]

You're most likely to pass the exam with those scores. Make sure you've taken at least 5 practice exams (if not more) without any resources. If the average over your last 3-4 practice finals is in the 80s, you have a very high probability of passing. Good luck on the exam!

[@lilysantamaria462]

Are you referring to exams in the book? If so, where? My book did not come with any exams.

[@eddiehillergrand8882]

Thx dude for making this video, I’m preparing for the exam these days and i have my exam scheduled in the early September so I have some time to study for it. Do u have any suggestion on what study material I should use that can cover most of the topics in the exam and the points you brought up in the video?

[@BasicWisdom]

I'm biased, but I recommend using Achievable (link is in the video description). I wrote the program myself, which comes with digital reading materials, some videos, and thousands of test questions. You can gain access to the first chapter for free, so I recommend checking it out! To be fair, Kaplan and STC also have good SIE programs as well. I hope this helps!

[@eddiehillergrand8882]

Basic Wisdom thx for the reply. I will check the website out.

[@DorendaMoniqueClink]

Hi, I’m using Achievable and really like the set up and think I’ll do well for the SIE. Are there other exams available, specifically the 6 & 63? O did send in a few questions via the contact form however after a week of waiting, I’m convinced that their customer service isn’t the greatest. Need 6 & 63...help!

[@BasicWisdom]

Hi Dorenda! First, thanks for using Achievable. I'm happy it's working for you! I'll look into the questions you asked and figure out why you didn't receive a response. I'm so sorry! We currently do not have Achievable for any other exam except the SIE, but we're working on it! Regardless, we won't have any new exams covered at least until late Fall this year. If you need some guidance on what vendor to use (or any general guidance regarding these exams), please reach out to me. My e-mail address is [e-mail]

[@Achievable]

Hi Dorenda - we're glad that you like our SIE program! Customer service is a top priority for us and we always respond within 24 hours, usually much sooner. I searched our ticketing system but couldn't find your questions - could you please send them again? I'll double-check all our in-app integrations to ensure data is flowing properly, and you can also email us directly using support[at]achievable.me.

[@DorendaMoniqueClink]

@@BasicWisdom thanks Brandon, much appreciated.

[@DorendaMoniqueClink]

@@Achievable hi there, Brandon answered my question; however, I will keep your email address for and future questions or concerns. As for my messages, I sent them through the contact us link and through the bot on the front page. A coworker (Rik Valdez) , had also sent a question yesterday by email through the contact us box and the bot as he tried to figure out how to pay for the program. I assisted him and he's in now. Hopefully this issue is fixed in the future.

[@beastmofoJE]

Took the SIE for the second time failing by 1 answer & now 3 damn answers. Has anyone tried his study prep material? I currently am using Pass perfect. Any help is appreciated!

[@beastmofoJE]

@@BasicWisdom Thanks, I agree, I've noticed pass perfect goes into things I have not seen mentioned once in the two tries I have done. I do like the mobile aspect, so I can study on the go. I'm definitely going to give you guys a shot. I'm close to passing, I think this may be what I need!

[@E-Legal104]

ExamFX.com is what I used.

[@jimmystain9021]

Buy the STC course my friend is a CFP and said this is buy far the best course to invest into. For $125 dollars u get a book with all the info u need and with it comes a bunch of randomized quizzes for each chapter, practice 85 question exams, and 2 final exams that are the closest thing ur going to see to the real exam.

[@louisbaker5080]

Hey man, great video! I'm headed to get an MBA in the fall and I want to move into investment banking or financial advising and I'm wanting to take the SIE to best prepare myself for the job market before I graduate. Is there any way I could seek tutoring from you or your company? Thank you so much!

[@BasicWisdom]

Hi Louis! I'm happy to tutor you. If you send me an email, I'll discuss my rates and share my calendar. My email is [e-mail]

[@sjuser89]

I take mine tomorrow!

[@BasicWisdom]

Good luck!!!

[@bethshebathompson6288]

is there a live or recorded class on achievable? Like a lecture? I have signed up/purchased the class for the SIE.

[@BasicWisdom]

Thanks for using Achievable! We do not have a class available right now, but we are working on it! We're hoping to have it available by mid-year. In the meantime, I recommend checking out Capital Advantage Tutoring. He has dozens of free videos on KZbin

[@roguetrader6179]

Someone recommend me one book to study from

[@elizabethnguyen1246]

I'm trying to sell a pdf of my textbook for the SIE from training consultants if you're interested! Message me or let me know if you're interested!

[@jimmystain9021]

STC course it’s $125 but we’ll worth it

[@stewmagoo6945]

Hahahahahaha Mary's Muff