STUDY FOR THE SECURITIES INDUSTRY ESSENTIALS EXAM (SIE) EXAM

Are you thinking of taking the Securities Industry Essentials Exam? Then choose carefully if you are going to purchase a study text. Many books merely copy material from other exams, like the Series 7. No consideration is given to items actually mentioned and included in FINRA's SIE Study Outline. So be cautious. In contrast, Bob Eder has written Study for the SIE Exam  directly based on the FINRA Study Outline. Each major paragraph indicates the outline number in the Study Guide, so you can be sure that you are studying the right information, not just re-hashed and regurgitated drivel. Bob Eder's book,  Study for the Securities Industry Essentials (SIE) Exam , can help you prepare for the SIE test. It is available through Amazon in both paperback and Kindle e-book versions.  Here is the link to Bob Eder's book on Amazon . Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. He is a member of the Utah State Ba

If you plan to take the Securities Industry Essentials (SIE) exam, don't sit for the test unless you feel comfortable with calculating net asset value per share and offering price per share for mutual funds. For example, Johnny sees that the offering price of GHI Fund is $10 per share. GHI Fund carries a sales charge of five percent. From this information, you must be able to calculate the NAV or net asset value per share. Take 95 percent of $10 to give the NAV of $9.50. Suppose the SIE exam switches the question by giving you the NAV of $9.50 and the sales charge of five percent. Are you able to compute the offering price? Yes, we all know that the answer will be $10, but how do we arrive at this answer? We cannot multiply $9.50 by 105 percent, because that results in an offering price of $9.975, not the right answer! We must divide $9.50 by (100 percent less the 5 percent sales charge). So, $9.50 divided by 95 percent equals $10, the offering price! Bob Eder's book, S

Are you unfamiliar with options, their meaning, and how investors make use of them? Be careful, then, if you plan to sit for the Securities Industry Essentials (SIE) exam! What should you know about options? Know the basics, such as what does it mean if you purchase a call or purchase a put? Do you have a right to buy stock? Do you have a right to sell stock? Another question area centers around rights and obligations. For example, if I have a right to sell stock because I have purchased a put, does this mean that must I sell the stock? If I write a put, what does the word "write" mean? These are examples of basic understanding of how options work. Bob Eder's book, Study for the Securities Industry Essentials (SIE) Exam , covers options basics in Chapter 5. It list important options strategies, explains options terminology, explains long options positions, short options positions, in-the money options, out-of-the-money options, American settlement vs European settle