12%ayear's Account Talk

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early mo-mo appears to agree with your call :)

It also appears that the currency swap arrangement with the Swiss and ECB was in the works well before Dec 12th when the news hit the street and continued the post Fed-cut sell-off. So, it appears further sell off was overdone perhaps. hopefully we'll bump back up to those levels.

Excellent call on calling a low/buy signal!!!!!!!! Volume is agreeing w/ you.
 
http://www.fedweek.com/content/hfi/showpage1.php?title=2008-01-02 Q2. What are the new restrictions on interfund transfers?
The Thrift Savings Plan will implement restrictions on the number of interfund transfers a participant can make per month in order to curb frequent trading and its associated costs to TSP participants. However, the TSP does want to provide the opportunity for participants to rebalance their accounts and to permit unrestricted access to the Government Securities Investment (G) Fund. Accordingly, the restrictions would be as follows:

  • Participants can make two (2) interfund transfers per calendar month. After that, they may only move money from the Fixed Income Index Investment (F) Fund, the Common Stock Index Investment (C) Fund, the Small Capitalization Stock Index Investment (S) Fund, the International Stock Index Investment (I) Fund, and the L Funds to the G Fund.
  • We will count the interfund transfer based on its process date, not the date the interfund transfer was requested.
  • If your first or second interfund transfer in a month moves money only to the G Fund, it still counts toward your two (2) interfund transfers per month limit.
 
12%ayear said:
http://www.fedweek.com/content/hfi/showpage1.php?title=2008-01-02 Q2. What are the new restrictions on interfund transfers?
The Thrift Savings Plan will implement restrictions on the number of interfund transfers a participant can make per month in order to curb frequent trading and its associated costs to TSP participants. However, the TSP does want to provide the opportunity for participants to rebalance their accounts and to permit unrestricted access to the Government Securities Investment (G) Fund. Accordingly, the restrictions would be as follows:
  • Participants can make two (2) interfund transfers per calendar month. After that, they may only move money from the Fixed Income Index Investment (F) Fund, the Common Stock Index Investment (C) Fund, the Small Capitalization Stock Index Investment (S) Fund, the International Stock Index Investment (I) Fund, and the L Funds to the G Fund.
  • We will count the interfund transfer based on its process date, not the date the interfund transfer was requested.
  • If your first or second interfund transfer in a month moves money only to the G Fund, it still counts toward your two (2) interfund transfers per month limit.
Click to expand...
read the 3 points. 1. It seems they are going to tell us which days we can make the transfer. 2. The First 2 transfers counts even if you are going into the G or F Fund. 3. It will start Apr. 2008
 
12%ayear said:
read the 3 points. 1. It seems they are going to tell us which days we can make the transfer. 2. The First 2 transfers counts even if you are going into the G or F Fund. 3. It will strat Feb. 2008
Click to expand...


Q4. When will the restrictions be implemented?
The restrictions will be announced in the annual TSP participant statement mailing which is scheduled for February 2008. We anticipate they will take effect in April 2008.


Look's like April to me.
 
poolman said:
Q4. When will the restrictions be implemented?
The restrictions will be announced in the annual TSP participant statement mailing which is scheduled for February 2008. We anticipate they will take effect in April 2008.


Look's like April to me.
Click to expand...
yes, I stand corrected..April
 
That's pretty good news, because it will give us time to carry our message to the right places with more ease! A little more time to act with deliberation.
 
airlift said:
Is it clear that we can do a daily IFT without penalties until then?
Click to expand...

It seems you can do unlimited IFT's until April 08. Then you can do two per month. But I am confused at their statement:

"...the TSP does want to provide the opportunity for participants to rebalance their accounts and to permit unrestricted access to the [G Fund]"
vs.​

"If your first or second interfund transfer in a month moves money only to the G Fund, it still counts toward your two (2) interfund transfers per month limit."

What the......?​
 
Barney said:
It seems you can do unlimited IFT's until April 08. Then you can do two per month. But I am confused at their statement:

"...the TSP does want to provide the opportunity for participants to rebalance their accounts and to permit unrestricted access to the [G Fund]"
vs.​

"If your first or second interfund transfer in a month moves money only to the G Fund, it still counts toward your two (2) interfund transfers per month limit."​


What the......?​
Click to expand...

Yeah..."Unrestricted my @ss". It's only unrestricted when you have used your limit up and want to move from stocks to G. So I guess "Unrestricted = 1 move into G". Pathetic.

On another note, I emailed a couple people on the thrift board, and I really want to push this idea through. Instead of 2 transaction limit per month, how about we all get 24 a year up front? That way you can use them all in one month, or spread them out. This would be MUCH MUCH more accomodative to us, since typically we will see a flurry of activity, then, sit for perhaps several months. Otherwise, your "credits" may go unused!

The only reason they would not agree to this is because they WANT us to waste "credits" on inactive months. Lets push this idea through!!
 
Corepuncher said:
I think we can make them on any day, the move will just "register" on the day it takes effect.
Click to expand...
I don't know about that because they are trying to cut costs with the I Fund tranfers. So, It sounds like there will be days chosen in the month and TSP will do the transferring all at once from all accounts. IMO..:)
 
Ummm. I'm thinking they are saying (re the 3d move) that if the second move is into the G fund, but its only a partial transfer (not 100%), that you could still move an additional proportion into G for a 3d move. "..., the restrictions would be as follows:
  • Participants can make two (2) interfund transfers per calendar month [one of which might be a (partial?) move to G]. After that, they may only move (additional?) money from the Fixed Income Index Investment (F) Fund, the Common Stock Index Investment (C) Fund, the Small Capitalization Stock Index Investment (S) Fund, the International Stock Index Investment (I) Fund, and the L Funds to the G Fund."
Maybe something that needs to be clarified by the Board before April rolls around.
 
Examine the statement, that Barney points out - it is VERY unusual:

"...the TSP does want to provide the opportunity for participants to rebalance their accounts and to permit unrestricted access to the Government Securities Investment (G) Fund"!

Why say this? - what is behind this statement? The ONLY thing I can figure is that in this Fund maintains our short-term, U.S. Treasury Securities! What is the problem with our short-term, U.S Treasury Securities - that have been alledgedly, "specially issued to the TSP"?

Could the problem be - that "our TSP" Treasuries have been "borrowed," and "used," and "sold" to keep the U.S and budget afloat? Are they, or have they been sold like mad to OSM-buyers to maintain our economy? :notrust:
- In other words, could the concern be - there isn't enough of these to go around, they haven't been specially issued, as specifically identified by law, as "issued to the TSP", therefore they are NOT AVAILABLE for us to IFT into, and out of, on the same frequent basis as previously??? :suspicious:
 
Corepuncher said:
Yeah..."Unrestricted my @ss". It's only unrestricted when you have used your limit up and want to move from stocks to G. So I guess "Unrestricted = 1 move into G". Pathetic.

On another note, I emailed a couple people on the thrift board, and I really want to push this idea through. Instead of 2 transaction limit per month, how about we all get 24 a year up front? That way you can use them all in one month, or spread them out. This would be MUCH MUCH more accomodative to us, since typically we will see a flurry of activity, then, sit for perhaps several months. Otherwise, your "credits" may go unused!

The only reason they would not agree to this is because they WANT us to waste "credits" on inactive months. Lets push this idea through!!
Click to expand...


Yeah with Roll Over also...:nuts:
 
Come on people, lets be postive. So ,we all had a few bad months, the markets will turn when everyone wants to throw in the towel. 2008 will be a great year:) Remember, oil hit that bullshit $100 level ( just a number)like the Dow hit14000...it had to hit it and I am happy to shut the talkingheads up. Banks pretty much have already made the claim to sub-prime , so its old news. Builders already claimed a slowdown. The US DOLLAR is already being compared to a Peso. Retailers already said sales are slow. Bottom-libe..BUY BUY BUY:):) BTW...Corepuncher, welcome and nice feedback.
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