Actuarial Outpost
 
Go Back   Actuarial Outpost > Search Forums
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

2017 ACTUARIAL SALARY SURVEYS
Contact DW Simpson for a Personalized Salary Survey

Showing results 1 to 25 of 153
Search took 0.03 seconds.
Search: Posts Made By: davesned29
Forum: Modules 6-8 03-30-2018, 08:46 AM
Replies: 45
Views: 17,580
Posted By davesned29
IA, FA, 2, 1, 7, 6, 3, 4 I thought that IA...

IA, FA, 2, 1, 7, 6, 3, 4

I thought that IA was the devil. Not being able to discuss anything made the ambiguousness of wording borderline intolerable for me. I know some people didn't mind it at...
Forum: Modules 6-8 03-29-2018, 09:21 AM
Replies: 220
Views: 51,963
Posted By davesned29
I used the Sharpe Ratio, as outlined earlier in...

I used the Sharpe Ratio, as outlined earlier in this thread. Then I used CTE(75) as a risk metric.

Oh, but I didn't call it a "Sharpe Ratio". That's where the ideology was derived from, but...
Forum: Modules 6-8 03-27-2018, 11:43 AM
Replies: 220
Views: 51,963
Posted By davesned29
I arbitrarily set a min Treasuries and also a min...

I arbitrarily set a min Treasuries and also a min (total fixed securities). Not surprisingly, that led to an asset mix of min Treasuries, balance of min total fixed Bonds, and the max possible...
Forum: Modules 6-8 03-26-2018, 08:51 AM
Replies: 220
Views: 51,963
Posted By davesned29
FWIW, I MMR'd with 60% Equities. Like all...

FWIW, I MMR'd with 60% Equities.

Like all other things modules, I think it's important to disclose information. Express that you understand that Equities are riskier, but that their expected...
Forum: Modules 6-8 03-22-2018, 10:09 AM
Replies: 220
Views: 51,963
Posted By davesned29
I think this is probably the key. Just make sure...

I think this is probably the key. Just make sure to verbalize this as why you set a limit. Whatever percentage you set as a limit probably doesn't matter.
Forum: Modules 6-8 03-12-2018, 01:31 PM
Replies: 31
Views: 6,115
Posted By davesned29
this all feels to me like you guys may be...

this all feels to me like you guys may be overthinking/overworking this particular step. I arbitrarily (and very quickly in my head... do not get hung up on this statement), estimated what one...
Forum: Modules 6-8 03-12-2018, 09:10 AM
Replies: 31
Views: 6,115
Posted By davesned29
mine looked almost exactly like the sample...

mine looked almost exactly like the sample solution from EOM1. Sounded to me like a good idea to copy that.
Forum: Modules 6-8 03-12-2018, 09:07 AM
Replies: 7
Views: 1,023
Posted By davesned29
I actually didn't mention my metrics at all in my...

I actually didn't mention my metrics at all in my Task 5. High level comments around how the asset mix should maximize return without undue risk of loss, but that was about it.

I did specify...
Forum: Modules 6-8 03-09-2018, 12:49 PM
Replies: 26
Views: 3,065
Posted By davesned29
I agree with the premise, but disagree with the...

I agree with the premise, but disagree with the last sentence. My first submission was simple and failed. Second submission created a ratio based on Sharpe principles and passed.

Although I...
Forum: Modules 6-8 03-09-2018, 08:38 AM
Replies: 26
Views: 3,065
Posted By davesned29
The Sharpe Ratio (especially if you mentioned it...

The Sharpe Ratio (especially if you mentioned it by name) measures rates of return in the numerator. That isn't exactly appropriate given the model used. I modified the numerator appropriately. ...
Forum: Modules 6-8 03-06-2018, 10:11 PM
Replies: 220
Views: 51,963
Posted By davesned29
Obviously, none of us really knows, but I would...

Obviously, none of us really knows, but I would highly recommend working within the original design of the spreadsheet. I'm quite certain it would've been easy for the SOA to put an "investment...
Forum: Modules 6-8 03-06-2018, 08:14 AM
Replies: 18,348
Views: 7,122,753
Posted By davesned29
Given my initial constraints on treasuries and...

Given my initial constraints on treasuries and bonds, yes.
Forum: Modules 6-8 03-05-2018, 09:46 PM
Replies: 18,348
Views: 7,122,753
Posted By davesned29
The denominator of my return metric was the...

The denominator of my return metric was the standard deviation of whatever asset mix I was measuring.

For my constraints, I just used objectivity and said to keep that much for conservatism.
Forum: Modules 6-8 03-05-2018, 09:11 PM
Replies: 220
Views: 51,963
Posted By davesned29
Yup. I found it helpful to think about my asset...

Yup. I found it helpful to think about my asset mix in terms of the length/duration of the liability stream.
Forum: Modules 6-8 03-05-2018, 07:59 PM
Replies: 220
Views: 51,963
Posted By davesned29
I went with 60% equities and got my MMR today. ...

I went with 60% equities and got my MMR today. FWIW, I did justify that high allocation by discussing the duration of the CDEF's liabilities (in theory... no specific calculations). Also of note, I...
Forum: Modules 6-8 03-05-2018, 07:46 PM
Replies: 18,348
Views: 7,122,753
Posted By davesned29
Yeah, I updated Task 4 to show my new risk and...

Yeah, I updated Task 4 to show my new risk and return metric, and the updated values for these. My overall magnitude did not change much.

I used CTE(75) for my tax rate, but that's largely...
Forum: Modules 6-8 03-05-2018, 07:20 PM
Replies: 18,348
Views: 7,122,753
Posted By davesned29
Iím sorry, let me clarify. Your formula is what I...

Iím sorry, let me clarify. Your formula is what I did. I used the Mean in my ďSharpe RatioĒ formula. I wanted to use this as a return metric, and then CTE(90) as a risk metric. But the asset mix that...
Forum: Modules 6-8 03-05-2018, 05:30 PM
Replies: 18,348
Views: 7,122,753
Posted By davesned29
Thank you!!! FWIW, I donít know what pushed...

Thank you!!!

FWIW, I donít know what pushed my result from a DNMMR to an MMR, but in case it helps somebody let me disclose the 2 main changes I made to my submission (I was given Tasks 2&5 as...
Forum: Modules 6-8 03-05-2018, 03:30 PM
Replies: 18,348
Views: 7,122,753
Posted By davesned29
Submitted retake 3/1. MMR 3/5. I may have been...

Submitted retake 3/1. MMR 3/5. I may have been happier to pass MLC, but I have never been this relieved. What an awesome feeling!!!
Forum: Modules 6-8 03-03-2018, 08:11 PM
Replies: 18,348
Views: 7,122,753
Posted By davesned29
Admittedly, I have no room to complain since I’ve...

Admittedly, I have no room to complain since I’ve submtted recently. But I’ve had too much to drink and have checked my email 106 times today. It is so nerve racking when you’re close on the...
Forum: Modules 6-8 03-02-2018, 02:09 PM
Replies: 103
Views: 18,697
Posted By davesned29
I was curious about page counts because the...

I was curious about page counts because the instructions explicitly said that 15-20 pages w/o appendices should be sufficient. I used to work in pensions and I remember our Executive Summaries were...
Forum: Modules 6-8 03-02-2018, 01:44 PM
Replies: 103
Views: 18,697
Posted By davesned29
that's amazing. What was your total page count...

that's amazing. What was your total page count w/o appendices?
Forum: Modules 6-8 03-02-2018, 10:03 AM
Replies: 103
Views: 18,697
Posted By davesned29
Conspiracy theory here that maybe you DNMMR if...

Conspiracy theory here that maybe you DNMMR if they feel like you really bombed Task 2 (for example). In this case, if your Tasks 1/3/4/6 are ok, they will just list Tasks 2&5, since the info in 5...
Forum: Modules 6-8 02-28-2018, 07:52 PM
Replies: 40
Views: 5,057
Posted By davesned29
I think that is a good choice as a key risk. ...

I think that is a good choice as a key risk.

As for the mitigation, it read to me like your solution to "not enough money coming in" is "give more money out". Sure it may be coming from the...
Forum: Modules 6-8 02-28-2018, 07:32 PM
Replies: 40
Views: 5,057
Posted By davesned29
DISCLAIMER: I'm writing my second attempt now,...

DISCLAIMER: I'm writing my second attempt now, so what do I know?

However, it seems to me that Tasks 4 and 6 kind of give away the answer to what are some of the key risks. Sensitivity testing...
Showing results 1 to 25 of 153

 

All times are GMT -4. The time now is 12:07 AM.


Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.22986 seconds with 7 queries