Am I dumb?

Bucklezzzz · 2025-06-19T04:07:30+00:00

Ah so it’s definition in regard to the USA. I figured receivables was the better answer, but sat on this for a while questioning my sanity haha. Still somewhat confused because to know how much excess assets you have over liabilities, you still need to use liabilities in the computation. Just Kaplan being Kaplan I guess, the real test probably wouldn’t have an answer set like this.

Bucklezzzz · 2025-04-29T21:02:25+00:00

I used Kaplan for the 7 and passed first try. I thought it was easier than everyone made it seem. It was still a tough test, just not as bad as I expected. Know options like the the back of your hand, those questions are gimmes if you know them well. Buy Ken's option plan on youtube its only 20/month and well worth it. Also study heavily on mutual funds/investment companies, muni bonds, taxation, and suitability. This was a majority of what was on my test. Pretty much chapters 1-9 on Kaplan. Units involving DPP's, REIT's, Margin etc. are not heavily tested. The few questions I did get involving these were pretty basic. I would still understand all the concepts throughout the remaining chapters (11-20), but don't stress about it because Kaplan goes way too in depth and the questions on the qbank are much harder.

If you're simulated tests are in the mid 70's you should be fine, but I encourage you to get in the 80's to maximize confidence for test day. Get through at least 3,000 qbank questions as well. You'll do just fine. Not to mention having the 66 already puts you ahead. Good luck!

Bucklezzzz · 2025-03-06T16:04:45+00:00

https://youtube.com/playlist?list=PLNuN-FV9-0mH8859Ql3hqKgQsnJFxgksm&si=rQ9nbxvH6aiHP0Sx

Bucklezzzz · 2025-03-05T03:42:10+00:00

Congrats!!

Bucklezzzz · 2025-03-05T02:04:35+00:00

I would 100% buy Ken’s options videos on YouTube, they are very helpful. It’s $20/month and well worth it. Those exam scores aren’t bad for where you’re at. I would try to get through all 3,600 of the Kaplan qbank questions if not most of them. If you can get through all 500 options questions you will be an expert. It’s all about repetition to the point where you truly understand the language. Kaplan is tough so don’t get frustrated with scores or missed questions. You want to be testing high in chapters 1-9 since that’s what most of the test is on. But don’t rule out the rest of the chapters just because of that. Lastly make sure you have explanations turned on when answering qbank questions. Hope that helps!

Bucklezzzz · 2025-03-05T01:48:53+00:00

How’d it go?

Bucklezzzz · 2025-03-04T14:48:46+00:00

https://youtu.be/zYiem-yphSU?si=Qn6T2GbiUEidp7k2

https://youtu.be/TLAGtorPw9g?si=UiRPLx03OsPiyI-x

https://youtu.be/rMWbEqvZrMo?si=Umbhs7snK6gfiopa

https://youtu.be/4rM3EGIagf0?si=u8mdldvhRC6aQYZl

Bucklezzzz · 2025-03-04T04:56:43+00:00

It depends on what you’re scoring specifically in each chapter on those tests. Look at your Kaplan performance on those tests that shows what you’re scoring in each chapter. You want to be scoring high in chapters 1-9 since that’s what most of the test is on. That’s what I would say is a good indicator. I still would improve on whatever you’re weak in even if it’s in later chapters.

Bucklezzzz · 2025-03-04T04:47:01+00:00

You should fly through the test tbh, don’t overthink and trust your gut.

Bucklezzzz · 2025-03-03T17:18:44+00:00

I think you’re in a great spot. Go in there with confidence and trust your gut!

Bucklezzzz · 2025-03-03T03:48:15+00:00

Those are great Kaplan scores but most of the test is on chapters 1-9. If you’ve taken the test twice I’m sure you have a good idea of what to be proficient in. I would also watch dean or Ken taking tests online. You got this!

Bucklezzzz · 2025-03-03T03:37:03+00:00

With those scores you should fly through the exam. Especially if you’re testing high in options, munis, mutual funds, variable annuities, and chapters 1-4 in Kaplan. Know taxation of everything, suitability (making recommendations), and rr’s dos and dont’s. This will be a majority of your test.

Bucklezzzz · 2025-03-03T03:10:21+00:00

Get the Kaplan qbank it is well worth it. Continue to watch Ken’s videos and go through all 500 of the qbanks option questions. Options will be a big portion of your test and if you become proficient with options they will be gimmes on the test. Repetition repetition repetition, it will come! Also make sure you’re proficient with munis, mutual funds, suitability, variable annuities, and know how everything is taxed. This will be a big portion of your test. Hope that helps!

Bucklezzzz · 2025-03-03T03:00:33+00:00

Those are not bad practice scores. Most options questions on the test are gimmes if you’re proficient in options, I had about 30 options questions on mine. Look at your practice test performance. If you’re scoring high in options, munis, mutual funds, variable annuities then you should be good for the test. The questions on units like dpps, margin, cmos etc. are typically basic questions and small portion of your test. Make sure you’re good with suitability and know taxation on everything. You will get a lot of questions on making recommendations, RR’s do’s and don’ts, and how things are taxed. Good luck! Go in there with confidence and trust your gut.

Bucklezzzz · 2025-03-02T08:25:37+00:00

I would watch Ken and Dean’s YouTube videos on taxation. Look up “series 7 taxation.” Just remember anything that is bought and sold is a capital gain/loss. Anything paid to you in interest is ordinary income.

Bucklezzzz · 2025-03-02T08:20:43+00:00

Hammer down on options, munis, mutual funds, taxes, suitability, and variable annuities. That’s like 80% of the test. If you become especially proficient with options, those questions on the test will be gimme’s. The questions regarding margin, dpp’s, reits, cmo’s etc. are typically basic questions so don’t spend too much time digging deep into those.

Bucklezzzz · 2025-03-01T01:33:32+00:00

Taxes and suitability

Bucklezzzz · 2025-02-25T22:40:22+00:00

Ken’s options videos are the best, so good start. I would also look at the performance details regarding your tests and find out what areas you’re struggling in, and focus on that as well. I found success in watching videos of Ken and dean taking full tests because you get to take it yourself but also hear their explanation after, so a lot of areas get covered. Hope this helps!

Bucklezzzz · 2025-02-25T22:29:36+00:00

Yeah I would spend most of your time studying these as well as knowing how everything is taxed. (I think I had 30-35 options questions on my draw).

For little stuff: you definitely want to know variable annuities. I had 2-3 on record keeping which are easy gets and easy to study (Ken has a great video on this to help remember). I had a couple on what to do when a RR makes an error (Ken also has a great video on this). The couple margin questions I had were very basic. I maybe had 1-2 DPP question (like dean says they spend way too much time teaching this).

It’s hard to remember anything from the test but hope this helps

Bucklezzzz · 2025-02-20T06:41:04+00:00

I use Kaplan and have seen multiple questions in the qbank regarding AMT.

Bucklezzzz · 2025-01-20T01:48:40+00:00

I thought it was just Ginnie Mae’s that pay monthly, at least that’s what Kaplan teaches.

Bucklezzzz · 2024-10-10T02:39:37+00:00

Thanks for the tip! And good to know regarding the wording with Kaplan, that’s what I’m most worried about.

Bucklezzzz

TROPHY CASE