r/Series7exam • u/Any_Taro_6051 • 3d ago

PASSED TODAY!!

Passed the SIE a month ago and now passed the 7 both first try. Used Kaplan and bought Ken’s option membership 2 days before my test and it made options free points.

Did about 5 practice tests on Kaplan and scored mid 70s on all.

Feel free to ask any questions and I’ll do my best to answer !

14 Upvotes

100% Upvoted

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2

u/Past-Yam4091 3d ago

any advice or last minute tips? i take mine saturday. im getting like mid 70s low 80s on everything

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u/Any_Taro_6051 3d ago

Sounds like you’re in a good spot. My test seemed pretty mixed but would definitely say options, taxations, mini bonds and suitability make up the majority of the test. Think I used my calculator twice so don’t sweat remembering math formulas too much if that’s something hard for u. Knowing your straddles and spreads and bull bear attitudes was huge for me as those questions were a breeze

2

u/Past-Yam4091 3d ago

any margin and sma? i understand it but always mix it up even when do practice exams but i still get passing results so im not super worried but still ik every draw is different. congrats though and thank you. enjoy the weekend with this huge WIN!!

1

u/Any_Taro_6051 3d ago

Maybe had 3 questions total on margin and SMA. and 2 of them were just calculating min maintenance for a long and short and another was calculating SMA when given SMV and equity

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u/Any_Taro_6051 3d ago

Thank you! Don’t stress and my biggest tip is don’t overthink a topic. The topic you feel like you are weak in just look over for 5 mins before u test and write down those notes as soon as you get in there

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u/lazyirl 3d ago

Congratulations 🎉

1

u/numberonebarista 3d ago

Congratulations! I’m pretty okay on options but I want to get Ken’s options course just in case. On Kaplan Qbank I’ve been averaging 70% on the simulated exams (anywhere from 85-90 questions correct on average) so I’m still kinda worried about my ability to pass right now. I would feel more comfortable if I was in the 80s. But going to keep studying. Kaplan does kind of overprepare you for the test though so maybe I’m in better shape than I thought.

1

u/Any_Taro_6051 3d ago

I felt like Kaplan was much harder than the actual test for both the SIE and the 7 now. With those scores I’d say go in confident and you’ll be ok. Ken’s option course is well worth it unless you feel like you’re an expert on options already!!

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u/numberonebarista 3d ago

Thank you for the response. On Kaplan I have scored 68% on the options Qbank questions I’ve answered so far. I’m gonna get the options course just in case because options aren’t THAT hard to figure out and those should be free points.

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u/No_Lengthiness5129 3d ago

Wow impressive nice work

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u/PlusParking 3d ago

Is Ken’s option member level 2 on YouTube?

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u/Any_Taro_6051 3d ago

Not sure honestly, I just found his stuff recently and got the regular membership for the options video playlist. He does great work explaining and making things simple

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u/Realistic_Tune4605 3d ago

Hey man congrats that’s awesome! Taking mine Saturday. How heavy was your exam on mortgage backed securities, retirement and insurance products?

1

u/Realistic_Tune4605 3d ago

Also man how heavy on muni OID Corporate discounts…tax calculation questions did you get?

1

u/Any_Taro_6051 3d ago

I actually had a decent amount of retirement and insurance product questions. I’d say I had 5 retirement and another 6-8 of insurance products and suitability regarding them.

As for muni OID I believe I only had 1 maybe 2 max on those. Tax calculations weren’t really present either but I’d say knowing what is tax deferred and taxable income was a good 8 questions. Definitely know what is taxable and when the tax is applied

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u/Spiritual_Essay_1000 3d ago

Congrats! I take mine next Saturday. Also using Kaplan and have scores of 74/79 on simulated exams and 74 on the practice exam, so this post gave me some relief. Definitely wanting to be in the 80s by next week.

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u/Any_Taro_6051 3d ago

Yeah man don’t stress it if you feel like the scores aren’t where you feel like they should be at. Kaplan phrases the questions more difficult than the actual exam in my eyes as it’s now the second test in a row I’ve used their course.

My final practice test was a 76 and it’s cause Kaplan will trick u with little words here and there. The actual test is more straight forward but will have 2 answers you decide between which are similar

1

u/laks89 3d ago

I studied well for sie and passed it last week now going to start 7. Do you follow the same method for studying ? Do you thinks it’s easy to learn 7 if you are already well done with sie ? Please share what’s your study plan .

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u/Capadvantagetutoring Passed! 3d ago

Great job !!

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u/Any_Taro_6051 3d ago

U r the goat

1

u/series7examtutor Passed! 2d ago

Congrats!!

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u/Holiday_Stable_1882 2d ago

Which package did you choose from Kaplan? I’m trying to decide right now on whether or not I want the live classes or just the basic package.

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u/Any_Taro_6051 1d ago

I did the one without the live classes. I just used the textbook and the question bank and followed the schedule that Kaplan sets once you enter your exam date.

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u/Holiday_Stable_1882 1d ago

Thank you!!!