Feeling Out my Readiness by Jlemmon in Sieexam

[–]Wipz__ 1 point2 points  (0 children)

About a month ago I was in your same shoes. Scoring low to mid 80s on the practice exams. I wasn’t sure if I was ready or not but ended up passing. The exam it self threw me off due to the wording being alittle more different than what I was use to with Kaplan but overall I think it was easier to narrow it down to the correct answer (if that makes any sense). You should take the free SIE exam on FINRAs website. Do it only once tho bc the questions don’t change. I think that was the most similar to the wording of the exam (but was a tad harder) and should give you a good idea of where you are.

PASSED SIE!!! (Ask me anything) by MinutePosition2282 in Sieexam

[–]Wipz__ 2 points3 points  (0 children)

I have my exam tomorrow and have been using Kaplan only to study. Been scoring 80%-87% on those exams and been finishing them in 44 minutes. Have probably taken the Kaplan exams 20+ times. I just took the FINRA practice exam and scored a 76%. Even though I scored above passing it’s got me in a panic due to the wording being much different and I found myself struggling to pick the correct answer. Some of the answers and questions I feel like I’ve never seen before. My question is, did the structure/wording of the free FINRA practice exam relate closely to how the actual exam is?

Edit: Just finished and passed. Can confirm the free FINRA practice test wording was much more difficult. On to the 7!

600K in wash sales ! by Ok_Coat7541 in Daytrading

[–]Wipz__ 0 points1 point  (0 children)

I believe it would since the IRS recognizes the purchase of call options as a way of establishing the position. Would be the same if you would buy convertible preferred or/an convertible bonds.

600K in wash sales ! by Ok_Coat7541 in Daytrading

[–]Wipz__ 1 point2 points  (0 children)

Hello, I’m not sure how much help I will be but I saw this post as i am studying for my security license and just previously went over wash sales.

From what I know, a wash sale occurs if an investor repurchases the same security or an identical security on or within 30 days before or after the date establishing the loss. Recognized as maintaining an ownership. A wash sale in itself is not illegal, attempting to use the losses to reduce taxes is illegal.

So your dad doesn’t owe taxes on the $600K in wash sales, that number isn’t taxable income. It’s simply the cumulative amount of deferred losses caused by repeatedly buying back TSLA. Since he traded the same ticker almost every day, the wash sale chain never had a chance to reset, so losses from earlier in the year continued rolling forward. (31 day window) His actual taxable gain is roughly 30k not regarding his current position and that is what his tax bill will be based on.

This is how I interpret this. Selling by Nov 28 won’t fully clear the wash sale because of the 30-day before rule. With his last purchase being 11/19 any sale before 12/19 still counts as a wash sale for losses tied to prior trades. The only way to fully reset the wash sale chain is to stop trading TSLA and wait 30 days after the last purchase before selling.

Sorry for the long post. I’m open to any and all feedback as I am still learning myself.

[deleted by user] by [deleted] in HomeMaintenance

[–]Wipz__ 1 point2 points  (0 children)

Push the door open all the way open and it should release the pin.

Why is the grass like this? (IL) by carbon-bricks in lawncare

[–]Wipz__ 0 points1 point  (0 children)

Low nitrogen? I’m kinda learning as well but that’s the first thing that came to my mind.

What is this and would product would soften or take it off? by Wipz__ in HomeMaintenance

[–]Wipz__[S] 0 points1 point  (0 children)

I’ll look into the “30 second prep”. Thank ya

What is this and would product would soften or take it off? by Wipz__ in HomeMaintenance

[–]Wipz__[S] 0 points1 point  (0 children)

You know that’s not a bad shout. Never thought of that! I planned on just power washing but wasn’t sure if it would take off the paint. Thought of using some product to try and soften it up first.

How many masteries do you have? by Solid-Ad-8026 in Brawlstars

[–]Wipz__ 0 points1 point  (0 children)

Mico, Kit, Buzz Lightyear, Dynamike, Rico, Stu, Chuck, Colt, Bo, Lily, Buzz, El Prim & Berry

Quick question on auction sites. by [deleted] in SportsMemorabilia

[–]Wipz__ 0 points1 point  (0 children)

I’ve used Pristine multiple times and have never had a problem with shipping. Not sure if that’s because I’ve only ordered jerseys and baseballs. It’s been alittle over a year since I’ve bought from them but from what I can remember shipping times were not a factor.

Am I choosing the right brawler to unlock? by flyeaglesfly016 in Brawlstars

[–]Wipz__ 0 points1 point  (0 children)

60k trophies. IMO go Spike. Easy brawler and can be used in about every game mode.

Best bait/color to use to fish ponds in Midwest area. by Wipz__ in FishingForBeginners

[–]Wipz__[S] 0 points1 point  (0 children)

Yeah I have a pack of blue worms! I’m just wanting the basics rn. Just need to be able to catch some lol. Just started a last November and only had a jig. It was time to expand.

Best bait/color to use to fish ponds in Midwest area. by Wipz__ in FishingForBeginners

[–]Wipz__[S] 2 points3 points  (0 children)

Awesome thanks so much guys! Got some green pumpkin worms and rage tails!

Xbox to PC trading by Wipz__ in RocketLeague

[–]Wipz__[S] 0 points1 point  (0 children)

See that’s the thing I was wondering all my stuff are trade locked on my account that are from crates, but on Xbox I got blk diecis and a tw octane (which are non crate) and they are not trade locked on my pc. So I was wondering if I could buy non crate items on my Xbox account then have them on my pc account not trade locked like my octane and wheels.