Guidance Series 7 missed by 2points

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Aug 29, 2015 2:14 pm

Hello everyone, first time poster. 

I'm currently 23yrs old finishing my Bachelors in Business and working on getting my securities licenses. Particularly the Series 7 & 63. 

I took the Series 7 Wednesday the 26th and missed it by two points, 70%. I had studied for about 2 months with the  Kaplan material, used their Qbank and their 9th edition exam manual. I had no idea that they had a new 10th edition with updated material at the time. The 9th edition was given to me by my firm. 

While taking the exam I came across some things that I had not seen in my study material. A lot of ETN's and ETF's were on the test. I was not intimidated by the exam at all, I will admit it had some tough parts in the middle of the second half and a lot of question where two of the answers could have been right. 

I called Kaplan after learning that there is a new edition and even though she couldn't tell me what all they updated she sent me the updated list. There is a lot of updates, and to my luck ETN and ETF's have a NEW complete section in Investment Company Products. 

I ordered the complete 10th edition package including the OnDemand classes. My question is do you think the updates are what hurt me the most. I put a lot of time into studying and I felt really confident. I know my stuff, there was just a few things that I didn't know. It's one thing to completely bomb the test, but 2 points, come on. 

Any information about the updates on the test or just shear knowledge on what to do that I haven't already. 

Thank you

SJ

Aug 31, 2015 12:24 pm

I passed with a 86 last week and literally just hammered out practice test. I didn't read much of the book. Did nothing but By topics and closed books exams on STC. I believe the more questions you see before the test the better. ETN & ETF aren't difficult concepts. If you would've been exposed to a dozen or so questions I am sure you would've gotten a passing score.

Sep 1, 2015 3:37 pm
conquer11:

I passed with a 86 last week and literally just hammered out practice test. I didn't read much of the book. Did nothing but By topics and closed books exams on STC. I believe the more questions you see before the test the better. ETN & ETF aren't difficult concepts. If you would've been exposed to a dozen or so questions I am sure you would've gotten a passing score.

Thank you for the reply. I did read a lot about taking practice test over and over but I felt I wasn't learning that way. I figure since I spent the majority of my time learning the major concepts the first time, I'll do more test this time around.