Out of This World Savings

If the skies are clear at night where you live, grab a telescope, set it up in your front yard, and peer into the vast and mysterious heavens.

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Focus your gaze to the left of Orion’s blazing belt. Adjust the lens and take in the unending universe. See those beautiful flashes of light? Those are our new Series 6 prices! That’s how far out they are.

Effective today, the Solomon Series 6 Essentials Package is only $99.95! The Essentials Package consists of our plain English Series 6 Exam Study guide and the Solomon Exam Simulator. You won’t find a better deal this side of the Horsehead Nebula!

For more information, visit www.solomonexamprep.com or give us a call at 503-601-0212.

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Study Question of the Month – October 2016

This month’s study question from the Solomon Online Exam Simulator question database is now available! Continue reading

This month’s study question from the Solomon Online Exam Simulator question database is now available!

***Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.***

studyQuestion

Question (Relevant to the Series 6, Series 7Series 24Series 26Series 27, Series 51, Series 52, Series 53, and Series 82):

Which of the following claims would be covered by SIPC?

A. Claims of officers or partners of the failed firm

B. Claims involving nontransferable assets

C. Claims of subordinated lenders

D. Claims of persons who own more than 5% of the failed firm

Answer: B. SIPC only covers losses due to firm bankruptcy. It does not cover market losses. Nontransferable assets, such as proprietary funds and bonds in default, are covered as long as they are within the $500,000 limit for the account.

Additionally, the following claims are excluded from SIPC coverage:

  • Claims of officers or partners of the failed firm
  • Claims of persons who own more than 5% of the failed firm
  • Claims of subordinated lenders

Announcing the Release of the Solomon Exam Prep Android Mobile App!

With the release of the Solomon Exam Prep app, you have full mobile access to your Solomon study materials with the click of a button. Continue reading

Do you need to take a securities licensing exam?

Do you wish you had more time to study?

With the release of the Solomon Exam Prep Android app, you have full mobile access to your Solomon study materials at the click of a button.

  • Easier and quicker—Just click the Solomon Exam Prep icon on your phone to be taken directly to your account.
  • Access all your materials—The app provides full site functionality and access to your study guide, exam simulator, audiobook, and video lecture.
  • No typing on tiny keyboards—Don’t worry about typing in a web address! Our app will take you right where you need to be.

Move into the future of mobile securities exam prep with the Solomon Exam Prep app!

To download the app, please visit: goo.gl/IkNceh

Solomon Exam Prep has helped thousands of financial professionals pass their FINRA, NASAA, and MSRB licensing exams, including the Series 6, Series 7, Series 24, Series 26, Series 27, Series 28, Series 50, Series 51, Series 52, Series 53, Series 62, Series 63, Series 65, Series 66, Series 79, Series 82, and the Series 99.

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Study Question of the Month – September 2016

This month’s study question from the Solomon Online Exam Simulator question database is now available! Continue reading

Congratulations to Nick M., this month’s Study Question of the Month winner! (Nick M. is no relation to last month’s winner.)

See the answer below!

This month’s study question from the Solomon Online Exam Simulator question database is now available!

***Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.***

studyQuestion

Question (Relevant to the Series 6, Series 7, Series 62, Series 65, Series 66, and Series 99):

A single 41-year old who earns $200,000 per year wants to convert his traditional IRA to a Roth IRA. Which of the following is the best answer?

A. He may not convert because his income exceeds the limit permitted for such conversions.

B. He may convert up to $5,500 per year.

C. He may not convert because he younger than 50.

D. He may convert without restrictions.

Answer: D. If your modified adjusted gross income is greater than $133,000 (single filer) or $194,000 (married filing jointly), then you may not contribute to a Roth IRA. However, there are no income or age restrictions on converting funds from a traditional IRA to a Roth IRA. A conversion from a traditional IRA to a Roth IRA is not counted as a “rollover” under the one per year rollover rule.

Read a Solomon Exam Guide … and Live Longer

When you’re preparing for a securities exam, and you read a Solomon Exam Prep textbook, not only are you improving your chances of passing, but you’re also improving your odds of living longer. According to a new study published in Social Science & Medicine: Continue reading

When you’re preparing for a securities exam, and you read a Solomon Exam Prep textbook, not only are you improving your chances of passing, but you’re also improving your odds of living longer. According to a new study published in Social Science & Medicine:

  • On average, book readers live 23 months longer than individuals who don’t read books.
  • Books are protective regardless of gender, wealth, education, or health.

The authors Avni Bavishi, Martin Slade and Becca Levy write that there are two cognitive processes involved in reading books that could create a “survival advantage”. First, reading books promote the “slow, immersive process” of “deep reading,” a cognitive engagement that “occurs as the reader draws connections to other parts of the material, finds applications to the outside world, and asks questions about the content presented.”

“Cognitive engagement may explain why vocabulary, reasoning, concentration, and critical thinking skills are improved by exposure to books,” they write. Second, books “can promote empathy, social perception, and emotional intelligence, which are cognitive processes that can lead to greater survival,” they say.

In addition to improving their chances of living longer, securities exam students are likelier to pass and pass with a higher score, if they read an exam guide, according to Jeremy Solomon, president of Solomon Exam Prep.

Study Question of the Month – August 2016

Question (Relevant to the Series 6, Series 24, Series 62, and Series 82):

Which of the following would most likely be classified as a branch office? Continue reading

Congratulations to Nick M., this month’s Study Question of the Month winner!

See the answer below!

This month’s study question from the Solomon Online Exam Simulator question database is now available!

***Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.***

studyQuestion

Question (Relevant to the Series 6, Series 24, Series 62, and Series 82):

Which of the following would most likely be classified as a branch office?

A. The floor of a registered exchange

B. A vacation home where the registered representative works for 45 business days a year

C. A customer service office where no sales activities are conducted

D. A location used primarily for non-securities activities and from which 25 securities transactions are effected a year

Answer: B.     

A branch office is any location where one or more associated employees is in the business of soliciting or effecting (but not executing) the purchase or sale of any security.

A location outside of a primary residence, for example, a vacation home, is considered a non-branch location as long as it is used for securities business fewer than 30 business days per year. 

The floor of a registered exchange is also considered a non-branch office if it is where a member firm conducts business with public customers.

Other examples of non-branch offices include:

  • Any location that is used primarily to engage in non-securities activities and from which the associated persons effect no more than 25 securities transactions in any one calendar year (provided that any retail communication identifying such location also sets forth the address and telephone number of the location from which the associated persons conducting business at the non-branch locations are directly supervised)
  • Any office location established solely for customer service and/or back office type functions where no sales activities are conducted

 

 

 

 

Treasury Reports Record-Low Yield on 10-Year Note

On Friday, July 8, the Treasury Department reported that the yield on the 10-year Treasury note was its lowest ever: 1.36%. This is astonishing given that this popular US government debt investment has been traded for 226 years (since 1790). Continue reading

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On Friday, July 8, the Treasury Department reported that the yield on the 10-year Treasury note was its lowest ever: 1.36%.  This is astonishing given that this popular US government debt investment has been traded for 226 years (since 1790).

Treasury notes and other government debt instruments are affected by supply and demand, inflation expectations, monetary policy, and the general state of the economy, among other factors.  This historic drop in Treasury yields has been driven by increased demand due to the global “flight to quality” after the Brexit vote, negative yields in Europe and Japan, a cautious Federal Reserve, and slow economic growth around the world.

For anyone studying for the Series 6, Series 7, Series 65, Series 66, Series 79, Series 62, or Series 82, it’s important to remember that bond prices and yields move in opposite directions. That’s why the relationship is often compared to a seesaw.  When the demand for bonds increases, bond prices go up, and yields go down. Conversely, when demand decreases, bond prices go down and yields go up. As demand has surged for Treasury notes and other US government debt, the yield on these notes has declined to record low levels.