Actuarial Outpost May 2011 Progress Thread
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 Long-Term Actuarial Math Old Exam MLC Forum

#251
12-26-2010, 04:44 PM
 RDslippers Member SOA Join Date: May 2009 Location: A Pile of Sand Studying for fill in the blank Posts: 105

Quote:
 Originally Posted by smwentum I just finished chapter 7 I am going to skip the last part about $T_{x},L_{x},A_{x}$ this is probably going to haunt me, but hopefully I will have time to get back to it.
Merry Christmas!

Good job! I finished 9 yesterday! I'm going to review sections 3-9 today... then read through 10. I'll start problems for 10 tomorrow.

The stuff from: $T_{x}, L_{x}, a(x)$, I noticed going through the problems, is helpful in manipulating equations algebraically. Actually, really helpful! Most problems dwindled to some non-calculus derived solution (which I definitely prefer).

But that's just my opinion.
#252
12-29-2010, 08:50 PM
 Djoker Join Date: Mar 2009 Posts: 16

ok...my break is over on Jan 1st after passing FM in August and that is when i resume studying(ch5 archMLC). i have a 4th edition ASM and YufengGuos Arch MLC (2007) and a BA II plus professional. i know,..my books are outdated,...,but thankfully the material isnt much different from the present editions. i have wasted enough time already, and this blog just makes me feel more "behind time"...hopefully i'll finish the material by January end and have a 2-month question bombardment, then take "things" easy for a month before the exam.
Anyway this is just to say hi to everyone on this thread and success to us all!!!
#253
12-30-2010, 01:30 PM
 cwunderlich Member CAS AAA Join Date: Jul 2009 Studying for CAS Exam 7 Posts: 355

I am only on section 8 and I already fell somewhat overwhelmed by the amount of formulas and equations.

I don't remember feeling like this for FM... Anyone else feel the same way? Any one have any tips or suggestions?? How much of the formula memorizing is actually that important?

I am already worried about "How the hell am I going to remember all this stuff when I get to section 40 or 50...."

Will the large amount of problems drill what I need to know into my head?? Regardless of the actual amount of time I take to sit down and memorize formulas?? At times, I feel a little lost on the deeper concept/theory of it and just see a million new formulas thrown at me...

uughhh
#254
12-30-2010, 01:59 PM
 Practicing Member SOA Join Date: Sep 2010 Location: NYC Posts: 872

Quote:
 Originally Posted by cwunderlich I am only on section 8 and I already fell somewhat overwhelmed by the amount of formulas and equations. I don't remember feeling like this for FM... Anyone else feel the same way? Any one have any tips or suggestions?? How much of the formula memorizing is actually that important? I am already worried about "How the hell am I going to remember all this stuff when I get to section 40 or 50...." Will the large amount of problems drill what I need to know into my head?? Regardless of the actual amount of time I take to sit down and memorize formulas?? At times, I feel a little lost on the deeper concept/theory of it and just see a million new formulas thrown at me... uughhh
Just keep swimming...

The formulas will generally build upon themselves and as you get through the lessons you will start to identify the important formulas to know.

But yeah, it's a lot of material.
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P FM MFE MLC C VEE IA FA

Quote:
 Originally Posted by Abraham Weishaus I thought the actual exam was very similar to one of the last 2 ASM practice exams, but perhaps those underestimate the difficulty of the exam.
#255
12-30-2010, 03:10 PM
 cat060 SOA Join Date: Nov 2010 Studying for MLC MFE College: Career Changer Posts: 22 Blog Entries: 8

Lesson 8 is a tough one. It is long and is full of formulas. It wears most people down so don't be too disappointed. Use short study sessions if possible. They seem to be more effective (at least for me).
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P FM VEE MLC MFE C FAP
#256
12-30-2010, 04:35 PM
 jprep Member Join Date: Aug 2009 Location: Buffalo Studying for VEEs & FAP College: University at Buffalo Alumni Favorite beer: Corona w/ Lime Posts: 1,559

Quote:
 Originally Posted by cwunderlich I am only on section 8 and I already fell somewhat overwhelmed by the amount of formulas and equations. I don't remember feeling like this for FM... Anyone else feel the same way? Any one have any tips or suggestions?? How much of the formula memorizing is actually that important? I am already worried about "How the hell am I going to remember all this stuff when I get to section 40 or 50...." Will the large amount of problems drill what I need to know into my head?? Regardless of the actual amount of time I take to sit down and memorize formulas?? At times, I feel a little lost on the deeper concept/theory of it and just see a million new formulas thrown at me... uughhh
The bolded seems more appropriate for C. For MLC, you'll be fine. You'll come across Ch. 8 topics later on anyways.

Ch. 8 was hell. I felt the same way going through it. But once you get past that hump, things go pretty smoothly through the insurance, annuities, premium, and reserves sections. Actually, reserves seemed to get kind of hard, then multiple lives and multiple decrements were easier.
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P FM MFE MLC C VEE Stats CorpFinance Econ FAP

Quote:
 Originally Posted by campbell REPENT THE END IS NIGH
Spoiler:
Quote:
 Originally Posted by Aluan You sound way too excited about studying for 7. A bit of studying will fix that, though.
Quote:
 Originally Posted by MyKenk Nope. 7 is the must pass of all must passes next spring. Can leave absolutely nothing to chance. Study schedule starts on November 15th. Is it nuts? Probably. Will I pass? Definitely. Will it be worth it? Of course.
Quote:
 Originally Posted by MyKenk's blog A bit of an early start for a second sitting, but this exam is a must pass, and there's no such thing as too much studying for a must pass
#257
12-30-2010, 05:25 PM
 SandbagQueen Member SOA Join Date: Dec 2006 Location: TN Studying for Nothing! Favorite beer: depends on the day - local craft though! Posts: 1,796

In the end if you study well and work lots of problems the formulas won't be overwhelming for MLC. I think a lot of them make sense conceptually and in the end I only needed to look over maybe 5-10 formulas the night before the exam.
__________________
Being an actuary is 3% talent and 97% not being distracted by the internet.

"Exam C/4 is the catch-all exam containing all mathematical material that doesn't fit easily into one of the other exams." -Abraham Weishaus, ASM manual

SBQ, ASA, EA
P FM MFE MLC C VEE (all 3)
FAP 1-8
EA-2L EA-2F

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#258
01-01-2011, 11:15 AM
 actuary_aspire Member CAS Join Date: Sep 2009 Posts: 3,979

Just bought TIA's seminar. Will start studying on Monday.

Happy new year everyone!
#259
01-03-2011, 01:48 PM
 Ubiquitous Red Cup Member SOA Join Date: Jun 2009 Favorite beer: Boddington's Posts: 997

Ordered ASM today. I'm going to just assume I passed MFE - the alternative would be too devastating.
#260
01-03-2011, 01:50 PM
 vividox Lead Guitarist Non-Actuary Join Date: Dec 2008 Favorite beer: Avery Mephistopheles Posts: 57,692

Been really slacking on the studying front lately. I'm actually kind of way behind at this point. Will start up the hardcore studying next week after I find out my MFE result.
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