Open Exam Prep

Open Exam Prep

By Ran Chen, EA, CFP®EducationCourses
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Open Exam Prep episodes

  • [SIE] 8, Types of Securities Offerings
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.
    In this episode you will learn:
    - The difference between a primary offering (IPO) and a secondary offering based on who receives the proceeds.
    - How follow-on offerings differ from secondary offerings, a common point of confusion.
    - What defines a private placement under Regulation D and who is eligible to participate.
    - The definition of restricted and control securities and why they are treated differently.
    - The key requirements of SEC Rule 144, including the six-month holding period for restricted securities.
    For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
    4 min
  • [SIE] 7, Fiscal Policy
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.
    In this episode you will learn:
    - The definition of fiscal policy as the government's tool for managing the economy through taxation and spending.
    - The fundamental difference between fiscal policy (controlled by Congress and the President) and monetary policy (controlled by the Federal Reserve).
    - How expansionary fiscal policy, using tax cuts and increased government spending, is used to combat a recession.
    - How contractionary fiscal policy, using tax increases and decreased government spending, is used to fight inflation.
    - A simple 'Gas vs. Brake' analogy to remember when each type of policy is appropriate for different economic conditions.
    For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
    4 min
  • [SIE] 6, Monetary Policy Tools
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.
    In this episode you will learn:
    - How the Federal Reserve uses open market operations by buying or selling securities to manage the money supply.
    - The distinction between the discount rate, set by the Fed, and the market-driven federal funds rate.
    - Why changing the reserve requirement is the Fed's most powerful, but least used, monetary policy tool.
    - The specific actions the Fed takes to implement expansionary (easy money) versus contractionary (tight money) policies.
    - A simple mnemonic to remember open market operations: FED BUYS makes the money supply BIGGER, and FED SELLS makes it SMALLER.
    For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
    4 min
  • [SIE] 5, The Federal Reserve System
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.
    In this episode you will learn:
    - The decentralized structure of the Federal Reserve System, including the Board of Governors and 12 regional banks.
    - The Fed's dual mandate of achieving maximum employment and maintaining stable prices.
    - The composition and primary role of the Federal Open Market Committee (FOMC) in setting monetary policy.
    - How the FOMC uses open market operations to influence the federal funds rate.
    - Common exam traps, like distinguishing the Fed's monetary policy from the government's fiscal policy.
    For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
    4 min
  • [SIE] 4, Business Cycles
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.
    In this episode you will learn:
    - The four phases of the business cycle: expansion, peak, contraction, and trough.
    - How rising and falling GDP and inflation characterize each economic phase.
    - Which stock sectors, like cyclical and defensive, perform best in different cycles.
    - The inverse relationship between interest rates and bond prices during contractions.
    - A simple mnemonic to remember the cycle order and associated investment strategies.
    For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
    4 min
  • [SIE] 3, Economic Indicators
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.
    In this episode you will learn:
    - The difference between leading, lagging, and coincident economic indicators.
    - Why the S&P 500 and building permits are considered leading indicators.
    - How Gross Domestic Product (GDP) provides a real-time snapshot of the economy.
    - The critical distinction between initial unemployment claims (leading) and the unemployment rate (lagging).
    - How the Consumer Price Index (CPI) measures inflation and influences Federal Reserve policy.
    For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
    4 min
  • [SIE] 2, Primary vs Secondary Markets
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam exam.
    In this episode you will learn:
    - The core function of the primary market as the source of new capital for issuers.
    - How an Initial Public Offering (IPO) serves as a classic example of a primary market transaction.
    - The defining characteristic of the secondary market: trades between investors with no proceeds going to the original issuer.
    - The clear transition point where a security moves from the primary to the secondary market.
    - A simple memory aid: "Primary means Proceeds" to distinguish between the two market types on the exam.
    For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
    4 min
  • [SIE] 1, Introduction to Capital Markets
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.
    In this episode you will learn:
    - The fundamental role of capital markets in connecting investors with businesses.
    - The clear distinction between the Primary Market, where new securities are issued, and the Secondary Market, where they are traded.
    - How an Initial Public Offering (IPO) serves as a classic example of a Primary Market transaction.
    - Why the secondary market, including exchanges like the NYSE and NASDAQ, is crucial for providing liquidity to investors.
    - A simple mnemonic to remember that in the Primary market, the Proceeds from a sale go directly to the issuing company.
    For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
    4 min
  • [Investment] 9, Investment Policy Statement

    Guides investment decisions by outlining client objectives, risk tolerance, and constraints. --

    The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

    --

    More Exam Prep Content Visit: https://open-exam-prep.com/

    5 min
  • [Investment] 10, Market Indices

    Dow Jones is price-weighted, while S&P 500 is value-weighted, reflecting different market aspects. --

    The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.

    --

    More Exam Prep Content Visit: https://open-exam-prep.com/

    4 min

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