Ran Chen, EA, CFP®

Open Exam Prep

Education EN ↓ 349 episodes

Open Exam Prep: Mastering Financial ExamsThe path to becoming a certified financial professional is known for its difficulty, and finding high-quality, accessible study material shouldn't be the hardest part. Created by Ran Chen—an AI application enthusiast, Financial Advisor, and holder of the EA (Tax), Life Insurance, Series 6/63/65, and CFP® designations—this podcast was born from personal experience. Having navigated these challenging exams himself, Ran realized the need for better resources and created Open Exam Prep as a free solution for aspiring professionals. Each episode breaks down...

Author

Ran Chen, EA, CFP®

Episodes

[Investment] 9, Investment Policy Statement 11.04.2025 4:03

Guides investment decisions by outlining client objectives, risk tolerance, and constraints. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 27, Convertible Bonds 11.04.2025 4:02

Bonds convertible into predetermined shares, offering potential for equity upside. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 28, Property Valuation 11.04.2025 3:56

Uses net operating income and capitalization rate to determine property value. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 7, Security Regulations 11.04.2025 4:25

Governed by acts like the Securities Act of 1933 and 1934, regulating primary and secondary markets. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 8, Money Market Securities 11.04.2025 4:10

Include CDs, Treasury Bills, and commercial paper, each providing short-term liquidity with low risk. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 26, Preferred Stock 11.04.2025 3:52

Combines equity and debt features, providing fixed dividends without maturity dates. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 25, Bond Immunization 11.04.2025 3:56

Strategy that matches bond durations to investment time horizons to reduce interest rate risk. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 5, Dividend Dates 11.04.2025 3:45

Ex-dividend date determines eligibility for dividends; stocks must be purchased before this date to qualify. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep....

[Investment] 6, Stock Splits 11.04.2025 3:58

Increase shares and reduce stock price, affecting the number of shares and price per share post-split. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 23, Original Issue Discount 11.04.2025 3:38

Bonds issued below par must accrete the discount annually for tax purposes. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 24, Yield Curve Theories 11.04.2025 3:50

Explain yield curve shapes based on liquidity preference, market segmentation, and interest rate expectations. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-pre...

[Investment] 17, Capital Asset Pricing Model (CAPM) 11.04.2025 3:48

Relates risk and return using beta, helping in asset pricing and portfolio management. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 18, Portfolio Performance Measures 11.04.2025 3:46

Include Sharpe, Treynor, and Jensen's Alpha, evaluating risk-adjusted returns. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 22, Accrued Interest 11.04.2025 3:38

Buyers of bonds pay sellers for interest accrued since the last coupon payment. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 21, Yield Measures 11.04.2025 3:47

Include coupon rate, current yield, and yield to maturity, each providing different insights into bond returns. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-pr...

[Investment] 19, Efficient Market Hypothesis 11.04.2025 4:00

Assumes markets efficiently reflect all available information, making consistent outperformance challenging. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep....

[Investment] 20, Bond Duration 11.04.2025 3:39

Indicates a bond's sensitivity to interest rate changes, with higher duration implying greater volatility. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.co...

[Investment] 13, Correlation Coefficient 11.04.2025 3:59

Indicates how two assets move relative to each other, aiding diversification strategies. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 14, Beta 11.04.2025 3:54

Measures systematic risk, or sensitivity to market movements, relative to the market. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 15, Systematic vs. Unsystematic Risk 11.04.2025 3:42

Systematic risk is market-wide and undiversifiable; unsystematic risk is firm-specific and diversifiable. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com...

[Investment] 16, Modern Portfolio Theory 11.04.2025 4:00

Focuses on maximizing returns for a given risk level, using concepts like the efficient frontier. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 12, Coefficient of Variation 11.04.2025 3:53

Assesses risk per unit of return, useful for comparing investments with different returns. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 11, Standard Deviation 11.04.2025 3:57

Measures total risk of a portfolio, indicating volatility and risk level. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 30, Options 11.04.2025 3:54

Derivative securities providing the right to buy (call) or sell (put) an asset at a specified price. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/

[Investment] 29, Investment Companies 11.04.2025 3:49

Include open-end, closed-end, and unit investment trusts, each with unique characteristics. -- The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation. -- More Exam Prep Content Visit: https://open-exam-prep.com/