Archive

Archive for May, 2009

AO social group

May 22nd, 2009

One of the students taking the seminar has setup a social group on the AO for those taking the TIA 2/FM seminar.  If you want to join see this thread:

http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=166741

Uncategorized

I failed. How should I study for next sitting?

May 13th, 2009

I’ve received this question from a couple of students.  Here is what I suggest:

I’d go through the videos, but at a faster pace than last time.  Maybe do 2-3 lessons a day.  Don’t spend a lot of time working problems while you are reviewing the lessons.  The goal is to watch all the videos again as fast as possible so you can start working problems.  Make sure you work every problem in the seminar.  Work them twice if you can.  For ones that you miss put them in a stack and rework them.  Keep putting back in your stack untill you get them right.  When you work problems do them in groups of 5 problems.  Take 5 problems from different sections of the material (e.g. A.1, A.3, A.4, B.1, B.2) and work them under test conditions (give yourself 25 minutes for 5 problems).

Student Questions

What’s next?

May 12th, 2009

If you passed 2/FM (CONGRATS!) then the next logical step is MFE.  The reason is MFE is a continuation of the Derivative Market material.  We offer an online seminar and live seminar for MFE.  You can find out more information here.

If you didn’t pass then I recommend you take it again in August.  Email customer service and ask for an extension of your access to the online seminar.  You can contact customer service here.  Please do not email me about the extension as I will just have to forward your message to customer service.

I hope you enjoyed the seminar and will continue to use The Infinite Actuary in the future.  If you have any feedback then please email me.

Uncategorized

The last two days before your exam …

May 4th, 2009

Here is what I would do the two days before the exam:

http://theinfiniteactuary.com/blogs/exam2/?p=46 

Exam Tips

Test taking tips …

May 4th, 2009

Please see the following post for some test taking tips:

http://theinfiniteactuary.com/blogs/exam2/?p=43

Exam Tips

Sample Exam #2 – question 10

May 4th, 2009

There was an error in the wording of #10 of Sample Exam #2.  ”Greater than zero” should have been “non-negative”.  The file has been corrected.

Updates

Financial Keys

May 3rd, 2009

Lots of students are confused about what the financial keys means.  Let me define them here:

N – number of periods

I/Y – effective interest rate per period (assuming C/Y and P/Y is 1)

PV – cash flow at time 0

PMT – cash flow at time 1, 2, …, N (or 0, 1, …, N-1 for BGN mode)

FV – cash flow at time N

The sign of the cash flow is negative for a cash outflow and positive for a cash inflow.  I hope that clears things up.

Student Questions