 Hey guys, it's MJ the students actually and as you can see it's been two weeks since I've uploaded a video The reason being is I wrote my fellowship exam yesterday Which means I have basically been off the internet being trying to be off most of social media and just focus on that exam My phone would every now then pop up with a little comment here or two And I would go maybe sometimes reply to them But as you can see I've got a lot of comments and I haven't replied to them It's been a long time. So what I'm gonna do is I'm just gonna be replying to these videos I think I go click video manager. It's quite a weird user interface that YouTube has okay, I want to go community and Let me answer some of the comments as you can see a lot of a lot of your comments sometimes end up in Spam. So if I don't reply to you, please just post the message again Also, sometimes people write a message. I go to check it and the message is no longer there, which is weird So if I don't reply to you, it's probably because YouTube messed it up and not not me Although wait, I think this is there is some spam. I think because whenever you post about cryptocurrencies Some people do do come look, but like why is that spam? Why? Why is that considered spam? So I think I click approve comment Need an expert. Okay. Yeah, that that is spam. I think that's bad. I'm not even gonna read that Ripple, yeah, whenever I think you see like a little link. I think okay. Okay, that's like legit spam But why was that other guys think spam? Okay, let's go publish comments So, yeah, I let's so I have I've been able to reply to one or two people I think let's let's how far back to have to go to reply How do my friends speak Spanish? Should I be like no hablo? Espanol Well, I don't know. Is that how you say I don't speak Spanish in Spanish as You can see I don't unhappy face Okay, let's let's reply. I'm even going to ignore the Grammarly things there Okay, let's see LTC is silver and Bitcoin is gold. I'm gonna reply and say like coin is Going to overtake Bitcoin one day is going to overtake Bitcoin one day and Become the new digital gold and then give a little because I'm not being entirely serious. So that's what that little face means What would one need to study at UNISA in order to have a chance of becoming an Actree, okay? And that's a comment on my channel. So I would say Mathematical statistics statistics, I always battle to say that word statistics mathematics statistics and Maths and Accounting one and economics one go major Maths to Hey MJ, do you have to write these exemptions in any particular order? You don't have to But I would recommend I would recommend doing them in the the number order That they are presented that they that they are presented or that they're named that they are named Because because the latest subjects Require or what would you say require or draws from the information? Because the latest subjects require the knowledge of the earlier subjects But you can but having said that but having said that you can do CT7 in the beginning because CT7 is actually very easy I Don't know why I didn't like the word named is named to not a word Hi, I want to give a suggestion First if all I think first of all your videos are great. Thank you. They are very knowledgeable The thing which is missing is your videos is that they are not so much interesting. I Know the stuff you're making videos are technical and boring But if you change use of different text colors animation sound effects, etc They'll be very interesting and all will enjoy learning them. I hope you understand what I want to say So, yeah, I get that point. Let me say that I get your point However, I Don't Have the time or expertise to make the videos Look as good as other YouTube content But I am trying to improve With time my brother is actually very good with video. So I should get I should get some lessons from from him I'm a math lover, but I have a doubt in my mind Is that should I go for a tutorial science or quantitative? Finance I'm gonna say go or Actuarial science because I don't have to give a reason that's logical. Hey, I can't just be like go for a tutorial science because it's better go for a tutorial science because it Gives you a a better understanding of the of the concept of Risk and after all No, what should I say gives you a better understanding of the concept of risk and There's no point what should I say There is no point doing crazy mathematical calculations mathematical calculations if the base assumptions are Wrong and Actuarial science will give you a better appreciation of What those assumptions Should be so what I'm saying that is that quantitative finance they'll probably have better formulas better mathematical models but actuarial science will give you a better understanding of Whether the interest rate that's being assumed by the model is Reasonable or if whether the inflation or the exchange rates or certain correlations are Reasonable and I'll give you a quick example. So I read something about Someone saying oh the correlation between these two assets has been historically strong in the past now that they deviating There's an investment opportunity because of mean reversion and this is someone who had a CFA and I was thinking no That you can't you can't say that or that that line of thinking is going to lose your company a lot of money and she was actually writing on behalf of a major bank in South Africa and Just what my thinking was just because something's had a strong correlation in the past doesn't mean it's going to have it in the future and so what she was saying was that She was saying that listed properties and bonds had a strong Correlation in the past therefore they're going to have a strong correlation in the future and I said by no means because If you look at listed property and bonds in America or other places in the world You see that they do have low correlations in South Africa They only have a high correlation because our interest rates both declined I will our interest rates declined quite Structurally and that boosted both bonds and listed property So the reason they have a strong correlation is because of that interest rate decline But interest rates have got to a level now where they're not going to be really declining that much further And so that correlation is not actually expected to stay that strong going forward So someone with quantitative finance was will look at the correlation and say oh there's deviation mean reversion buying Opportunity where is an actually will look at it and be like no wait Even though the myths and the theory says there's a buying opportunity Maybe there isn't and and that's one of the reasons why Churial science is better than quantitative finance because it gives you this better understanding of risk what that correlation actually means So quantitative finance people can probably calculate correlation better than the act trees But the act trees will understand correlation and its relationship to various asset classes better than quantitative finance Okay, I probably should have hit reply and typed all of that So I hope you are watching this video and that you're actually getting a good you actually heard that Because I should have topped it there I'm South African and when I'm older I want to become an act tree. Yes best of luck All the best Study hard study hard at school and one day You will become I want to say the best actually no you'll become you'll become a great act tree become a great act tree because South Africans Make South Africans make great act trees. Does that even make sense? South Africans make great act trees up I just said something so intelligent in the previous comment and now I'm making a whole bunch of garbage here All let's just go with all the best. Let's just All the best. Let me Know how it goes how it goes Let me hit reply and we'll hit a little thumbs up Okay, this is a run around like coin like coin has a strong history like Bitcoin Which is why it's considered the silver coin to Bitcoin gold Definitely like when we'll appreciate to its true value sooner rather than later They say yes, let's hope it continues to Rise and this hit reply I saw that comment so I replied to that one is it possible for Students that study outside have socialized. I mean can you still go out on Saturday nights? I'll reply. No No Saturday nights are steady nights Okay, you have no more social laugh if you study a chair of science. Okay, I'm saying that in a joking way I think I think by putting a lot of exclamation marks, you know, is that I'm I'm saying it as a joke. I hope so Is different fields in a cherry has different exams. Can you please explain different fields and name of exams? So there are eight core subjects eight core technical subjects and Then three core application I spelled application wrong had application Subjects and that everyone does that everyone does But then you can specialize in two subjects of your choice and Then you pick One of Then you pick of oh my gosh, then you pick one of those to do your Fellowship in some examples are Life insurance general insurance health insurance finance and investing that's what I did and banking oh and Pensions I should you should put a comma you shouldn't say and banking and you should put a comment This thing is probably upset with me because I did that but we've got a lot of comments to do Life's too short to hit the backspace button Hi MJ. I'm studying B comma counting. Oh See a stream, but why don't you change this actual science? Yes wise decision This is this is a wise person my question is is there any value in me? Qualifying as a CA first and then pursuing that your career Afterwards. Oh, that's a very good question. I'm gonna say it depends. This is how you should start most of your actual Answers in the fellowship level is it depends? If you are in final year or busy doing Your articles then stick to the CA but if you are in first year I Would recommend switching switching now rather than completing the CA and If you're in like second or third year, I don't know what why didn't it like it depends Didn't like my grandma even didn't like that. Hi. I'm economic student level 2. I want to do actual science advice MJ Um, how do you pronounce that name? I don't I don't know how you how would you pronounce that name? Let me reply Let me reply by saying Set the student level 2. Well, I'm an economic student level 2. I want to do actual science What is my how do I advise it's such an open it's such a broad thing to say join the local Actuarial society and Start doing the Exams Although this what country what? Country are you from then I can actually give better guidance because each country is a little bit different. Oh Yes, this is a good question Stay away from the bee Econ Adverts It's dangerous eight. No, no it it has a Super high failure rate Because it's the BSE with additional subjects like risk management and economics To which you don't need and the reason why you don't need it is because the other subjects Cover it in in depth So, yeah, I hope you oh, wait, it's the same. It's the same guy same guy oh They they is pronounced dodge Isn't it like doggy coin or the dog coin? It is named after the Italian bankers rulers of the 15 Oh, how do you add dollar dollar dollar? Using visa to your challengee account. I'm going to say shape shift. You guys probably don't know what I'm talking about shape shift is better than Challengie I Hear the bees are lower Shape shift has the blue fox as a slogan as it's logo Is this on the app store? Oh, this was my cricket game. Oh, unfortunately not I Did it with another company? Who and fought who went? Who went under? Yeah, they went under so There, yeah So I've got the app on my phone still so I've got the app on my phone But it is No longer on the app store One day I hope to Resurrect it that's about resurrect right up to resurrected and bring it back Hey MJ I'm also a student actually and very interested in cryptocurrency in my opinion if Bitcoin doesn't scale And like coin does succeed on the lightning network soon mass adoption could happen with like one handling smaller instances Thanks, and Bitcoin doing large important very secure things. I 100% agree with you 100% agree with you Yeah, 100% agree with you What else can I say that that's a very smart comment CD 412. That's really cool Anyway, we could get in touch. I could use some guidance for my papers I can be like Yeah, what what can I help with? We answered that one No life for Lell She's probably studying actuarial science. That's why she's called herself no life because yeah Like I said, you don't have the social life What is the name of that book? Oh, that's my little we just call it the orange book We just call it the orange The orange book Hold on. Don't I have it like? Don't have it lying around somewhere Where is this? Okay, I should actually go and find the book and then give the title of the name But I don't know where I don't know where it is No, that's another orange book. It's not that book We just call it the orange book Oh gosh, you know that that he's probably gonna downvote My comment is gonna be like, oh, that's that's a terrible comment. I apologize for that Can company secretary students also do actuarial course? I See no reason why they cannot Reply MJ, how can I apply to study actuarial science? I really want to study actuarial science What country are you in? Because you either want to join your local society or The British Society if you say the British Society or the Institute of England, I don't know people so you sort of British. I guess so your Brexit and stuff Hey MJ, do you need to pay for the exams? Yes They are very expensive Which is good motivation to study for them But if you are employed if you are employed Then your boss will pay oh should pay Should pay for them. I used the exclamation mark quite a lot. Hey Like I'm not shouting that I like I don't know. I'm just I think I guess the full stop. So just yeah I look this one's 56 minutes ago. Hey MJ quick question. I passed all the CTs except four five and six I'm thinking of writing two of them in September. I'm thinking of doing CT four and CT five because they kind of go together Do you agree? And I'll be like yes CT five is like a combination of CT four and CT one So it makes sense to do those two Together But I always struggled to write two exams at once It just adds to the straight it just adds to the total Stress although when you had varsity that you'd like doing three at a time So it doesn't like the word like it doesn't remove the pre-pop is it pre preposition? I'm gonna be like ignore that. I like the word like okay we're gonna reply over there and I think that's it. I think we've caught up with all the comments if you guys if I've made a comment if you guys posted a comment and I haven't replied to it Tell me in this video you didn't reply to my comments And then tell me what your comment was and I'll reply to you on this video or if you have any other questions in general Yeah, let me know. I'm thinking of also maybe writing a book like taking all these questions that people are asking and putting in a nice little book formation Just so that you guys can like read up on the whole subject and stuff like that It would probably make more sense to write a book then to do a video just because It'll be very long. It'll be very long. Although. I think this video has been very long as well But I have made video in two weeks. So Yeah, I guess we could have a little bit of a long video I have made videos on myself actually studying for this fellowship exam and those ones are They're like 30 minutes each I don't know if you guys want to see those but maybe I'll put them on They're very very like fellowship technical But I'll put them on anyway for you guys and if you can watch them you can watch them if you don't you don't it's all good But otherwise, thanks so much for watching and I'll see you go soon