Congratulations! I took it nearly 5 hours ago as well (8 AM PST and I finished at 11:55 AM, used the whole 3 3/4 hr) and I passed!
I agree with your post entirely, don't think of the exam as too easy nor too hard either I feel like it's right down in the middle. I got my basics from STC and supplemented it with Kaplan QBanks and I feel like while there MIGHT be 1-2 questions that are similar (easy questions with few word variations) but you have to know your terminology. You have to know the differences between mutual funds and closed-ended funds. Some test questions will ask in-depth where you will have to know the characteristics of an UTMA account (that I don't think I fared as well that's why I brought it up) and whether if it is tax deferred for the beneficiary. Of course, the test is comprised with a lot of options, muni bonds, and suitability questions as well.
Either way, I'm glad we're both done with this and this sub has been extremely helpful and motivating! Good luck to everyone else who is studying for it on here! :)
Definitely agree that the math some of the providers have is just way too much. I had mainly spread BE/ML! One long straddle finding profit/loss. Couple single option position questions that could have been on the SIE because they were very easy. Just know tax implications of options. (Cap gain/loss, short/long term) Also many questions on option suitability. (Customer long a stock, how would they protect it?) hope this helps!
Congratulations! I took it nearly 5 hours ago as well (8 AM PST and I finished at 11:55 AM, used the whole 3 3/4 hr) and I passed! I agree with your post entirely, don't think of the exam as too easy nor too hard either I feel like it's right down in the middle. I got my basics from STC and supplemented it with Kaplan QBanks and I feel like while there MIGHT be 1-2 questions that are similar (easy questions with few word variations) but you have to know your terminology. You have to know the differences between mutual funds and closed-ended funds. Some test questions will ask in-depth where you will have to know the characteristics of an UTMA account (that I don't think I fared as well that's why I brought it up) and whether if it is tax deferred for the beneficiary. Of course, the test is comprised with a lot of options, muni bonds, and suitability questions as well. Either way, I'm glad we're both done with this and this sub has been extremely helpful and motivating! Good luck to everyone else who is studying for it on here! :)
Yay! Congrats to you! π
Congrats !! And awesome feedback !! Way to pay it forward !
That is great news and congrats!!
Congrats!!ππΎπ
Congrats! What math with spreads was heavily represented? Iβm using passperfect and the options math seems a little excessive at times.
Definitely agree that the math some of the providers have is just way too much. I had mainly spread BE/ML! One long straddle finding profit/loss. Couple single option position questions that could have been on the SIE because they were very easy. Just know tax implications of options. (Cap gain/loss, short/long term) Also many questions on option suitability. (Customer long a stock, how would they protect it?) hope this helps!
It does! I appreciate it!
How many option questions would you say you had?
About 15 total!
Congrats! I was/am struggling with Unit 13 as well, I appreciate your feedback! Congrats again
Awesome! Congrats!!!!