12%ayear's Account Talk

[smine]

Since the action of FRTIB is obviously punitive I don't believe snail mail is harsh enough; I think those of us who want to manage our own money should make IFT by pony express! LOL. When we make money they make money. It's a step back to another century.

FRTIB says the reason for the proposed limits is that "excessive trading" is costing too much money, therefore if we continue, they "may" (note letters say "may" not "will") make us do IFT's by mail. I fail to understand how snail mail IFT's are going to SAVE money. SOMEONE will have to process all that mail and post all the IFT's that we currently do ourselves. There is no way to justify snail mail IFT's from a cost effective basis - the reason given by FRTIB for instituting them. It's a bluff. Don't fall for it.[/QUOTE]

 

[Wildboar53]

There is no way they can block OR FLAG electronically or manually without changing the software and they can't do that without awarding a contract. And they can't do THAT until the proposed limits have gone through the rulemaking process. It will be October before we see any software changes regarding IFT limits, if ever. Those of us who have been in TSP for a few years remember the AMS contract to change the software to facilitate unlimited IFT's that cost TSP an extra $35M to settle a lawsuit for NO PRODUCT. I really don't think FRTIB wants another fiasco like that...but with all their arrogance who can tell what they might try. What we need to do is keep hammering at the oversight committees and our own Congressmen to investigate FRTIB practices. After spending all that money so we can have unlimited IFT's and manage our money, now they want to spend more millions to reverse it?



I just received TSP correspondance - annual statement , highlights Jan/Feb , how ya doing letter from Long. There are numerous references to an ongoing upgrade to the computer system and new software. Why wouldnt this new interface give them the capablity to do what is being 'threatened' ? i.e. contract for changeing software has been awarded - is just a matter of tweaking requirements which any good contract has wiggle room in.

 

[12%ayear]

There is no way they can block OR FLAG electronically or manually without changing the software and they can't do that without awarding a contract. And they can't do THAT until the proposed limits have gone through the rulemaking process. It will be October before we see any software changes regarding IFT limits, if ever. Those of us who have been in TSP for a few years remember the AMS contract to change the software to facilitate unlimited IFT's that cost TSP an extra $35M to settle a lawsuit for NO PRODUCT. I really don't think FRTIB wants another fiasco like that...but with all their arrogance who can tell what they might try. What we need to do is keep hammering at the oversight committees and our own Congressmen to investigate FRTIB practices. After spending all that money so we can have unlimited IFT's and manage our money, now they want to spend more millions to reverse it?



I just received TSP correspondance - annual statement , highlights Jan/Feb , how ya doing letter from Long. There are numerous references to an ongoing upgrade to the computer system and new software. Why wouldnt this new interface give them the capablity to do what is being 'threatened' ? i.e. contract for changeing software has been awarded - is just a matter of tweaking requirements which any good contract has wiggle room in.

great points

 

[12%ayear]

TSP cannot chase a few people based on transactions. It would take a long time and it would not come out good for them. These letters are all BS until they change the system for all TSP, nothing will change.

 

[BlueMax]

TSP cannot chase a few people based on transactions. It would take a long time and it would not come out good for them. These letters are all BS until they change the system for all TSP, nothing will change.

12%,

I agree with your and Anidoc's statements here, but I finally got my requested TSP-50 forms and found it curious that the revision date on the bottom, was October 2007.

 

[qibovin]

12%,

I agree with your and Anidoc's statements here, but I finally got my requested TSP-50 forms and found it curious that the revision date on the bottom, was October 2007.

Is this a form that can be scanned and posted on the site? ...just in case.

Incidently, did they come with some prepaid envelopes. We ought to be allowed at least two a month if we're not allowed to use the website like everyone else.

 

[12%ayear]

The US and World economies are in trouble. Real Estate is killing the markets. Oil is out of line. Inflationary pressure is increasing everyday. Based on my research, I see a bad year. Before, I thought we would have a good year. Now I think we will see the markets close the year out with double digit losses. This is a traders market. The key is to wait and enter for a pop and lock profits. China looks like a stack of cards. When you see them fall 50% or more, it will spread to the OSMs. Europe is in trouble. Asia has been in trouble. Remember when the Nikkei exploded and it never really came back. I see the DJIA hitting the 10,000 range from here before all is said and done. http://www.guardian.co.uk/feedarticle scary stuff

 

[12%ayear]

pop and drop today

 

[12%ayear]

pop and drop today

S Fund for Monday

 

[Removed1]

I have some money left after selling Yhoo and am looking for the point to buy VZ ,now see the post of Cramer and your post,what is your take on VZ or should wait for few months till the market retests the low? Appreciate your thought as always.TIA

 

[BlueMax]

Is this a form that can be scanned and posted on the site? ...just in case.

Incidently, did they come with some prepaid envelopes. We ought to be allowed at least two a month if we're not allowed to use the website like everyone else.

No prepaid, or any other kind of envelops.

I was given instructions not to fax the form, they must arrive at the TSP in unfolded, unstapled, unwrinkled condition, or the IFT may not be processed. (This should go real well for those having to mail from overseas.) They come as a FOLDED two page sheet, with the first sheet; two sides of instructions. The second; the form that must be torn at the seam and mailed in, I guess you have to iron out the fold without harming the form.

Looks to me to be just one more, well thought out process by our guardian angels at TSP.

 

[12%ayear]

hmmm...I was going to move from F to G. Are you positioning again 12% or is it a 1-day wonder?

It all depends..most likely a one day profit- taking

 

[12%ayear]

question for the room? did anyone else receive TSP50 forms to make transfers? I did not even receive a letter regarding making too many trades. tia

 

[12%ayear]

I have some money left after selling Yhoo and am looking for the point to buy VZ ,now see the post of Cramer and your post,what is your take on VZ or should wait for few months till the market retests the low? Appreciate your thought as always.TIA

By looking at the VZ chart, it looks like it is near the 52 week low along with many other stocks this year. Read this.. http://www.reuters.com/article/marketsNews/idUKN2255854420080222?rpc=44 If that is true you can get it even cheaper. The true bottom was back in Jan.06 30 bucks. Take a look at EBAY..It also looks cheap. But I would wait to see a spark of light before buying anything here. My 2 cents.

 

[qibovin]

pop and drop today

Was that it for the pop? Are we dropping already and through the end of the day? Or can we expect a mid-afternoon reverse like we've had all week?

 

[qibovin]

what does it matter? We can't do anything after 12 noon.

That's the point. I'm inquiring NOW (before 12) what I might anticipate the closing price might be. It matters until the noon deadline. After that, I agree, who cares.

 

[hessian]

Hi 12%, All,
FYI, I received from TSP, "the letter".

BUT ALSO, just yesterday, I received (along with others I'm hearing) -another letter -this one being what I assume is for everyone -all TSP participants's, "Annual TSP Statement."
In it, there was a memo/update -to everyone, in paragraph #4 again, reminding all -of "frequent trading, and of the "new" 2 IFT/month limits!" @$$h0els!

Again this one should be coming to every TSP Participant (watch your mail).
VR

 

[Removed1]

By looking at the VZ chart, it looks like it is near the 52 week low along with many other stocks this year. Read this.. http://www.reuters.com/article/marketsNews/idUKN2255854420080222?rpc=44 If that is true you can get it even cheaper. The true bottom was back in Jan.06 30 bucks. Take a look at EBAY..It also looks cheap. But I would wait to see a spark of light before buying anything here. My 2 cents.

Thank you for responding,I am also looking at e-bay too,we bought some at 37,but if it gets cheaper we will add on.Many thanks.

 

[12%ayear]

thanks for the quick response

 

[12%ayear]

Thank you for responding,I am also looking at e-bay too,we bought some at 37,but if it gets cheaper we will add on.Many thanks.

np and good luck BTW...watch Citibank and other bank stocks very cheap and they will get cheaper. Still early.