Episodi

  • [SIE] 45, Customer Account Types - Business and Fiduciary

    [SIE] 45, Customer Account Types - Business and Fiduciary
    Jan 22 2026
    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 specific documentation required to open corporate, partnership, and trust accounts. - The fundamental responsibilities of a fiduciary under the Prudent Investor Rule. - Key features of custodial accounts (UGMA/UTMA), including ownership, control, and tax implications. - Prohibited activities in fiduciary accounts, such as a custodian using account funds for parental obligations. - Common exam traps, like an unauthorized corporate officer attempting to place a trade or a trustee ignoring the trust's specific limitations. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
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    4 min
  • [SIE] 44, Customer Account Types - Individual and Joint

    [SIE] 44, Customer Account Types - Individual and Joint
    Jan 21 2026
    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 defining characteristics of an individual brokerage account. - How assets in an individual account are handled upon the owner's death. - The features of a Joint Tenants with Rights of Survivorship (JTWROS) account. - The key differences in ownership and asset distribution for a Tenants in Common (TIC) account. - A mnemonic to easily distinguish between JTWROS and TIC for exam purposes. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
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    3 min
  • [SIE] 43, Alternative Investments

    [SIE] 43, Alternative Investments
    Jan 20 2026
    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: - What defines a hedge fund, including its aggressive strategies and "2 and 20" fee structure. - The key differences between private equity and hedge funds, particularly the long-term investment horizon. - The nature of structured products like Exchange-Traded Notes (ETNs) and their embedded credit risk. - The specific income and net worth thresholds an individual must meet to be considered an accredited investor. - The primary risks of alternative investments, focusing on illiquidity, complex strategies, and high fees. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
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    4 min
  • [SIE] 42, Direct Participation Programs

    [SIE] 42, Direct Participation Programs
    Jan 19 2026

    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 structure and purpose of Direct Participation Programs (DPPs).

    - The definition of pass-through taxation and how it avoids double taxation.

    - The role and unlimited liability of a General Partner (GP).

    - The passive nature and limited liability protection of a Limited Partner (LP).

    - Common exam traps, including how a Limited Partner can lose their liability protection.


    For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
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    3 min
  • [SIE] 41, REITs

    [SIE] 41, REITs
    Jan 18 2026
    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 "75-75-90" rule for a REIT to maintain its tax-advantaged status. - How REITs avoid corporate taxation through the conduit or pass-through theory. - The key differences between Equity REITs (rent income) and Mortgage REITs (interest income). - The tax treatment of REIT dividends as ordinary income, not qualified dividends. - Why publicly traded REITs offer greater liquidity compared to direct property ownership. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
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    4 min
  • [SIE] 40, Options - Max Gain, Max Loss, Breakeven

    [SIE] 40, Options - Max Gain, Max Loss, Breakeven
    Jan 17 2026
    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 to calculate breakeven for call options by adding the premium to the strike price. - How to calculate breakeven for put options by subtracting the premium from the strike price. - Why a long option's maximum loss is always limited to the premium paid. - The definition of unlimited risk and why it applies to uncovered short call writers. - How to determine the maximum gain for both long and short option positions. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
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    4 min
  • [SIE] 39, Options - Intrinsic and Time Value

    [SIE] 39, Options - Intrinsic and Time Value
    Jan 16 2026
    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 two components of an option's premium: intrinsic value and time value. - How to determine if a call or put option is in-the-money, at-the-money, or out-of-the-money. - The method for calculating an option's intrinsic value, and remembering it can never be negative. - What time value represents and how it is affected by time to expiration. - Common question formats and traps on the SIE exam related to option valuation. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
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    4 min
  • [SIE] 38, Put Options - Rights and Strategies

    [SIE] 38, Put Options - Rights and Strategies
    Jan 15 2026
    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: - What right a put option grants to its owner. - Why buying a put option is considered a bearish strategy. - How to calculate the breakeven point and potential profit for a long put position. - How a protective put can be used as a hedging strategy to insure a stock position against losses. - A simple mnemonic to remember the market outlook associated with buying puts. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
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    4 min