Securities Industry Essentials Exam For Dummies with Online Practice

Securities Industry Essentials Exam For Dummies with Online Practice

by Steven M. Rice
Released January 2019
Publisher(s): For Dummies
ISBN: 9781119545002

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Book description

Get ready to qualify for the security industry job of your dreams

The Securities Industry Essentials (SIE) Exam is a new test administered by FINRA beginning in October 2018. This exam is required as a prerequisite to each series level knowledge exam (such as Series 7). If you’re prepping for the exam, you need a trusted resource to ensure your very best performance.

Securities Industry Essentials Exam For Dummies with Online Practice gives you everything you need to score high on this important exam. With two practice tests in the book, plus two bonus tests online, you can practice your way to a calm and confident experience on exam day.

  • Take 4 full-length practice tests with answers and full explanations
  • Get 1-year access to practice and tests online 
  • Find strategies and tips for breaking into the securities industry
  • Increase your chances of scoring higher

SIE scores are expected to be a critical factor in determining qualification to enter the securities industry, so the stakes are high. With the help of this book, you’ll up your chances of breaking into this field and landing your dream job.

Table of contents

  1. Cover
  2. Introduction
    1. About This Book
    2. Foolish Assumptions
    3. Icons Used in This Book
    4. Beyond the Book
    5. Where to Go from Here
  3. Part 1: Getting Started with the SIE Exam
    1. Chapter 1: Introducing the SIE (Securities Industry Essentials) Exam
      1. What Is the SIE Exam, Anyway?
      2. Profiling the SIE Exam-Taker
      3. One's Not Enough: Tackling the Co-Requisite Exams
      4. Signing Up
      5. Taking a Peek at the Tested Topics
      6. Understanding the Exam Format and Other Exam Details
    2. Chapter 2: Preparing for the SIE Exam
      1. Courses and Training Materials: Determining the Best Way to Study
      2. Managing Your Study Time Wisely
      3. Exploring Study Strategies
      4. Developing Solid Test-Taking Skills
      5. Knowing When You’re Ready
    3. Chapter 3: Examining and Mastering Question Types
      1. Familiarizing Yourself with Question Formats
      2. Shredding the Questions: Tips and Tricks
    4. Chapter 4: Surviving Test Day
      1. Composing Yourself the Day Before
      2. Making the Most of the Morning
      3. Arriving on the Scene
      4. Tackling the SIE
      5. Getting the Results: Drum Roll, Please …
  4. Part 2: Mastering Basic Security Investments
    1. Chapter 5: Underwriting Securities
      1. Bringing New Issues to the Market
      2. Getting Up to Speed on the Types of Securities Offerings
      3. Reviewing Exemptions
    2. Chapter 6: Corporate Ownership: Equity Securities
      1. Beginning with the Basics: Common Stock
      2. Getting Preferential Treatment: Preferred Stock
      3. Securities with a Twist
    3. Chapter 7: Debt Securities: Corporate and U.S. Government Loans
      1. Tackling Bond Terms, Types, and Traits
      2. Making Basic Bond Price and Yield Calculations
      3. Determining the Best Investment: Comparing Bonds
      4. Exploring U.S. Government Securities
      5. Playing It Safe: Short-Term Loans or Money Market Instruments
    4. Chapter 8: Municipal Bonds: Local Government Securities
      1. General Obligation Bonds: Backing Bonds with Taxes
      2. Dealing with Revenue Bonds: Raising Money for Utilities and Such
      3. The Primary Market: Bringing New Municipal Bonds to Market
      4. Examining Other Types of Municipal Bonds on the Test
      5. Taxable Municipal Bonds
      6. Don’t Forget Municipal Notes!
      7. Municipal Fund Securities
      8. Understanding the Taxes on Municipal Bonds
      9. Following Municipal Bond Rules
      10. Gathering Municipal Bond Info
      11. “G” That's a Whole Lot of Rules
  5. Part 3: Delving Deeper: Security Investments with a Twist
    1. Chapter 9: Delivering Diversification with Packaged Securities
      1. Diversifying through Management Investment Companies
      2. Considering Other Investment Company Options
      3. Adding Annuities to a Portfolio
      4. Exploring Variable Life and Variable Universal Life Insurance
    2. Chapter 10: Working with Direct Participation Programs and REITs
      1. Searching for Identity: What DPPs Are (and Aren’t)
      2. The DPP Characters: General and Limited Partners
      3. Pushing through Partnership Paperwork
      4. Passive Income and Losses: Looking at Taxes on Partnerships
      5. Evaluating Direct Participation Programs
      6. Checking Out Types of Partnerships
      7. Reducing Real-Estate Risk with REITs
    3. Chapter 11: Options: The Right to Buy or Sell at a Fixed Price
      1. Brushing Up on Option Basics
      2. Incorporating Standard Option Math
      3. Gaining Additional Option Info
  6. Part 4: Playing Nicely: Serving Your Customers and Following the Rules
    1. Chapter 12: Serving Your Customers: Customer Accounts
      1. Following Protocol When Opening Accounts
      2. Getting Margin Paperwork Out of the Way
      3. Introducing Long and Short Margin Accounts
      4. Playing by the Federal Reserve Board’s Rules
      5. Opening a Margin Account: The Initial Requirements
      6. Obeying the Telephone Act of 1991
    2. Chapter 13: Doing a Little Market Research: Securities Analysis
      1. Knowing Your Securities and Markets: Securities Analysis
      2. Following the Green: Money Supply
      3. Reading Economic Indicators
      4. How Economic Factors Affect Securities
      5. Principal Economic Theories
    3. Chapter 14: Going to Market: Orders and Trades
      1. Shopping at Primary and Secondary Markets
      2. Making the Trade
      3. Understanding the Role of a Broker-Dealer
      4. Receiving Orders from Customers
      5. Looking at Market Participants
    4. Chapter 15: Making Sure the IRS Gets Its Share
      1. Everything in Its Place: Checking Out Tax and Income Categories
      2. Noting Taxes on Investments
      3. Exploring Retirement Plan Tax Advantages
    5. Chapter 16: No Fooling Around: Rules and Regulations
      1. The Market Watchdogs: Securities Regulatory Organizations
      2. FINRA Registration and Reporting Requirements
      3. Trading by the Book When the Account Is Open
      4. Committing Other Important Rules to Memory
      5. The Investor’s Bankruptcy Shield: FDIC and SIPC
  7. Part 5: Putting Your Knowledge to Good Use: Practice Exams
    1. Chapter 17: Bring It On: Practice Exam 1
      1. Practice Exam Answer Sheet
    2. Chapter 18: Answers & Explanations to Practice Exam 1
      1. Making the Grade
      2. Answer Key for Practice Exam 1
    3. Chapter 19: Nothing But Net: Practice Exam 2
      1. Practice Exam Part 2 Answer Sheet
    4. Chapter 20: Answers & Explanations to Practice Exam 2
      1. Knowing the Score
      2. Answer Key for Practice Exam 2
  8. Part 6: The Part of Tens
    1. Chapter 21: Ten SIE Exam Traps to Avoid
      1. Easing Up on the Studying
      2. Assuming the Question’s Intent
      3. Reading into the Question
      4. Becoming Distracted When Others Finish
      5. Not Dressing for Comfort
      6. Forgetting to Breathe
      7. Trying to Work Out Equations in Your Head Instead of Writing Them Down
      8. Spending Too Much Time on One Question
      9. Changing Your Answers for the Wrong Reasons
      10. Calculating Your Final Score Prematurely
    2. Chapter 22: Ten Ways to Start Your Career Off Right
      1. Win at the Numbers Game
      2. Be an Apprentice
      3. Do Your Homework
      4. Treat the Minnow like a Whale
      5. Smile When You Dial
      6. When a Security Falls, Don’t Be a Stranger
      7. Put In the Hours
      8. Broaden Your Horizons
      9. Pay Yourself First
      10. Set Some Goals: The Brass Ring
  9. Index
  10. About the Author
  11. Advertisement Page
  12. Connect with Dummies
  13. End User License Agreement

Product information

  • Title: Securities Industry Essentials Exam For Dummies with Online Practice
  • Author(s): Steven M. Rice
  • Release date: January 2019
  • Publisher(s): For Dummies
  • ISBN: 9781119545002