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  #1  
Old 02-25-2018, 07:58 AM
arto83 arto83 is offline
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Default FA CDEF task 5 (especially for retakers)

Figured we could get a space to discuss task 5 since many of us with task 2 got hit with task 5 also. Not really sure where to go from here.
I cleaned up task 5, removed tech jargon and shrunk it down last from last time.

Here is what I had
Exec Summary
Very short introduction . 1 paragraph and bullets describing goals of the memo
Assumptions
mention assumptions and highlights from the sensitivity testing
Methods and analysis
discuss scenario testing and methods used to select assets
discuss adding specialized assets
discuss asset management team
Key Risks and mitigation
copied the 3 key risks from task 1
conclusion and recommendation

Only had 1200 words.

Any thoughts?
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Old 02-25-2018, 01:43 PM
LunchBox LunchBox is offline
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Has anyone failed this task not paired with task 2?
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  #3  
Old 02-25-2018, 01:48 PM
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Pkunforgivin Pkunforgivin is offline
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I wrote almost double the amount you wrote for this task excluding my reference/appendix section. Did you talk about your recommended asset mix and contribution? I don't see you listing that.
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Old 02-25-2018, 02:55 PM
arto83 arto83 is offline
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I listed the target asset mix and contribution rate in the executive summary and the conculsion/recommendations.
In methods and analysis i described the scenario simulations and said based on various statistical measurements i selected an ideal asset mix of xx treasuries, xx bonds and xx equities.
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Chuck Norris...
...is allowed to talk about Fight Club.
...lost both his legs in a car accident....and still managed to walk it off.
...understands the ending of 2001: A Space Odyssey.
...really DOES find gold when he picks his nose.
...is a stunt double for Optimus Prime.
...can dribble a football.
...can sneeze with his eyes open.
...CAN lick his elbow.
...can judge a book by its cover.
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  #5  
Old 02-25-2018, 04:48 PM
recyclops recyclops is offline
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I failed task 5 twice before passing. The best advice I saw on the AO was right here:

Quote:
Originally Posted by CrispyCobb View Post
Module 4 has some slides that address actuarial communication - check out slides 180-186 for some more guidance on memos.
There is a pdf in module 4 that has very specific, excellent guidance on memos. People MMR with all sorts of suggestions/risk metrics/asset class recommendations/etc. I think the writing style, including format, is the single most important thing.

Thank you to CrispyCobb!

It's in this thread:

http://www.actuarialoutpost.com/actu...d.php?t=329734
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