Get both general home-study tips and specific home-study tips for securities exams. Continue reading
GENERAL HOME-STUDY TIPS
Find a quiet place that you feel comfortable in – try to study in this same place every day
Unless you’re using your phone to study with, put the phone in another room.
Wake up early – getting started is the hardest part, and starting in the morning will make studying easier. You will get in several hours before you know it.
Make small goals.
Reward yourself – try to get up and walk around at least every 30 minutes. This will rest your eyes and mind.
If you start to feel anxious – take a deep breath, counting to four as you inhale, then slowly exhale, counting to seven as you exhale. Repeat. This will lower your anxiety. This is a good strategy to use before your exam.
Ask for help being accountable: find someone in your life to query you every day about what you have accomplished.
Go for a walk in a natural or green setting. Studies show that your mind relaxes and you remember more if you take regular walks in a natural or green setting.
Get a good night’s sleep – try to go to sleep at the same time each night and wake up at the same time.
SPECIFIC HOME-STUDY TIPS FOR SECURITIES EXAMS
Read the Solomon Study Guide. Remember: the number one reason people fail their securities exam is they didn’t read the Study Guide.
If you’re having trouble reading the Study Guide, listen to the Solomon Audio Guide while you read the Study Guide.
Read Exam Notes in the Resources folder.
If you don’t understand a question or concept, email Solomon’s Ask the Professor.
If you’re having trouble with something, create note cards and try to teach it to someone else. Becoming the teacher is the most effective tool to learn something you find challenging or difficult.
After reading the Solomon Study Guide, take at least six practice exams in the Solomon Exam Simulator.
Use Interactive Review to review the Exam Simulator questions you get incorrect.
Solomon Exam Prep has helped thousands pass the SIE and the Series 3, 6, 7, 14, 22, 24, 26, 27, 28, 50, 51, 52, 53, 54, 63, 65, 66, 79, 82 and 99. For more information, go to www.SolomonExamPrep.Com or call 503.601.0212.
Get answers to some of your burning Series 22 questions from Jeremy Solomon, Solomon Exam Prep owner and president, plus test day tips! Continue reading
Did you know that the FINRA Series 22 exam is a much easier path to becoming a direct participation program representative than the Series 7? A shorter exam requiring less study time, and you’re on your way to being qualified to solicit and sell interests in DPPs, including real estate, oil and gas, equipment leasing, BDCs, agricultural, like-kind exchanges, etc.
Click on the video link above and get answers to some of your burning Series 22 questions from Jeremy Solomon, Solomon Exam Prep owner and president, plus test day tips!
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.
One question everyone asks when encountering any exam is: “How do I pass the first time?” Here is a list of our top 5 study tips, along with an entertaining short video to help drive them home. Continue reading
One question everyone asks when encountering any exam is: “How do I pass the first time?” Solomon Exam Prep has been helping their students pass securities exams for over a decade. For many years Professor Karen Solomon (PhD, University of Chicago) taught and researched how the brain learns and memorizes information. Based on her research, Solomon Exam Prep has come up with some tried and true study tips that will help you pass your exam the first time.
The first thing to remember is that the over-studiers are more likely to succeed. There are many costs associated with taking these exams, so it is in your best financial interest to pass the first time. Increase your chances of passing the first time by following Solomon Exam Prep’s suggested study schedule; you will thank yourself later.
Here is a list of our top 5 study tips, along with an entertaining short video to help drive them home:
Reinforce learning by engaging multiple senses. You want to learn the content, not just memorize it. Reinforce your reading by following along with the Audiobook or reading out loud to yourself. By engaging your other senses, you are more likely to remember the content. We also recommend reading your Study Guide multiple times as you do not always retain everything the first time around. The combination of repeated reading and engaging other senses is sure to drive home the material and increase memory retention.
Make your own flash cards. Many other companies create and sell flash cards, but Solomon Exam Prep does not. Why? To help you better learn the material. When you actively sit down and create your own flashcards, you are more likely to recall the information. This goes along with engaging multiple senses; reading and transcribing the content you find important helps to reinforce learning. We encourage all of our students to create their own flash cards.
Take practice quizzes. Practice makes perfect! You will not know how much material you have retained until you take practice exams. We encourage our students to take quizzes after every chapter they read. Focus on learning the content and avoid memorizing the questions. Review the rationales for any incorrect answers; not everything may be in the book, so make sure you pay attention to new material in the quizzes. As you approach your exam date, you should be taking full, timed practice exams to best prepare for the actual one. We highly encourage our students to average in the mid 80’s before sitting for the exam.
Take breaks and rest up. It is important to give yourself a break as you are studying. You might try setting a timer to remind yourself to take a break. (It does not help to cram.) Remember: Sleep is important! Before your exam date, make sure you get enough sleep; do not stay up all night cramming. Your brain functions much better when it is well rested.
Review your Study Course and notes. If you have a recorded class, re-watch it prior to your test date; this is a great review. If you do not have a recorded class, go over your notes and flash cards prior to your exam. You can also re-review your last full exam, taking note of any questions you might have answered incorrectly. This serves as a great final refresher before your exam.
Follow these study tips and you will increase your chances of passing the first time. Be sure to check out our study tips video:
Which of the following is not true regarding tender offers by third-parties?
A: Whenever the bidder purchases or intends to purchase more than 5% of a company’s outstanding shares, it must file Schedule TO
B: While the same price must be given to all shareholders as in an issuer’s offer, third-party offers allow an exclusion for certain severance/benefits packages that have been approved by an employee compensation committee
C: The target firm’s management must communicate a position on the tender offer within 4 business days of the offer
D: All recommendations on the tender offer made by the targeted company, its affiliates, and certain other parties must be made using SEC Form, Schedule 14D-9
Correct Answer: C
Rationale: The following are tender offer rules relating to third-party tender offers.
–Whenever the bidder purchases or intends to purchase more than 5% of a company’s outstanding shares, it must file Schedule TO. It must also file a Form 13D, which is a beneficial ownership form.
— All recommendations on the tender offer made by (1) the targeted company and its affiliates, (2) shareholders of the target company, the bidder, and affiliates of either, and (3) anyone acting on behalf of the forgoing or on behalf of the bidder must be made using SEC Form, Schedule 14D-9. The bidder does not use Schedule 14D-9 if it has filed Schedule TO.
–While the same price must be given to all shareholders as in an issuer’s offer, third-party offers allow an exclusion for certain severance/benefits packages that have been approved by an employee compensation committee.
–The bidder cannot buy shares outside of the tender offer during the offer period.
–The target firm’s management must communicate a position on the tender offer within 10 business days of the offer. The recommendation can take the form of: (a) accept or reject; (b) remain neutral; or (c) take no position. The target firm’s management must explain why it takes that position. It cannot recommend that shareholders buy shares in the company.
An individual or group acting together must file a Schedule 13D form when:
A: their stockholdings reach 5% of a corporation’s outstanding shares of common stock
B: their stockholdings reach 10% of a corporation’s outstanding shares of common stock
C: their stockholdings reach 20% of a corporation’s outstanding shares of common stock
D: their stockholdings reach 50% of a corporation’s outstanding shares of common stock
Correct Answer: A
Rationale: Section 13(d) requires an individual or group acting together to file a 13D form when their stockholdings reach 5% of a corporation’s outstanding shares of common stock. This rule gives a corporation that may be the target of an acquisition fair warning in advance. Schedule 13D requires the group to disclose the number of shares owned, background information on the individual filing the form, the purpose of the transaction, and the source of the funds to finance the acquisition of the shares. Schedule 13D must be filed within 10 days of the acquisition of the stock.
ABC Corporation 6% preferred stock is convertible at $20. ABC Common trades at $25/share. What is the parity price of ABC preferred stock?
Correct Answer: C
Rationale: First we must take the convertible price and divide it into the par value for the preferred stock to find out how many shares of common stock would be received for one share of preferred stock. $100/$20 = 5 shares of common for each share of preferred. Then we must multiple the number of common shares times the price of the common stock. 5 shares * $25/share = $125/share. The parity price of ABC preferred is $125/share.
This week’s exam study question from the Solomon Online Exam Simulator question database is now available. This week’s exam question is relevant to the Series 6, Series 7, Series 24, Series 26, Series 62, Series 65, Series 66, and Series 82. –ANSWER POSTED– Continue reading
This week’s study question from the Solomon Online Exam Simulator question database is now available. Be sure to submit your answers in the comments section below.
Given the following assumptions for stock ABC, what is its expected return using the Capital Asset Pricing Model (CAPM)?
Assumptions: Risk Free Rate: 1%; Expected Return on general stock market: 7%; Beta: 1.; Sharpe Ratio: 2.
Correct Answer: A
Rationale: The formula for the Capital Asset Pricing Model (CAPM) is given by the following: Return on Stock = Risk Free Rate + Beta of Stock x (Return on Market – Risk Free Rate). Plugging in for Stock ABC gives Return on Stock ABC = 1% + 1.5 x (7% – 1%) = 10%. Note the Sharpe Ratio is not used in the CAPM formula.
*Questions featured in the weekly study question series are sampled from Solomon’s industry-leading Online Exam Simulator.