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2moryrs Account Talk
- Thread starter 2moryrs
- Start date
2moryrs
Member
As of close of business today:
40 C
60 S
Is this a good time to buy in? We will just have to wait and see.
csh
PS: A former co-worker once said that "when the Government "borrows" from the G fund to keep the Government from defaulting, we have lost the earnings that the G fund would have made forever. So I am going to try to stay out of the G fund until the Government gets the budget ceiling issue resolved once and for all."
40 C
60 S
Is this a good time to buy in? We will just have to wait and see.
csh
PS: A former co-worker once said that "when the Government "borrows" from the G fund to keep the Government from defaulting, we have lost the earnings that the G fund would have made forever. So I am going to try to stay out of the G fund until the Government gets the budget ceiling issue resolved once and for all."
RazorCat
Well-known member
I found this on G fund principle and interest being restored.
From the TSP website:
G Fund and the debt limit — (March 16, 2017) As of today, March 16, 2017, the U.S. Treasury was unable to fully invest the Government Securities Investment (G) Fund due to the statutory ceiling on the federal debt. However, G Fund investors remain fully protected and G Fund earnings are fully guaranteed by the federal government. This statutory guarantee has effectively protected G Fund investors many times over the past 25 years. G Fund account balances will continue to accrue earnings and will be updated each business day, and loans and withdrawals will be unaffected.
If you click on the fully protected link above wii take you to the GAO report to Congress. Page 18 - Treasury Restored Uninvested Principal and Interest Losses as Authorized and Table #4 it explains reinvesting both principle and interest.
Unless they've changed the law without notifying us, we should be fully protected in G.
From the TSP website:
G Fund and the debt limit — (March 16, 2017) As of today, March 16, 2017, the U.S. Treasury was unable to fully invest the Government Securities Investment (G) Fund due to the statutory ceiling on the federal debt. However, G Fund investors remain fully protected and G Fund earnings are fully guaranteed by the federal government. This statutory guarantee has effectively protected G Fund investors many times over the past 25 years. G Fund account balances will continue to accrue earnings and will be updated each business day, and loans and withdrawals will be unaffected.
If you click on the fully protected link above wii take you to the GAO report to Congress. Page 18 - Treasury Restored Uninvested Principal and Interest Losses as Authorized and Table #4 it explains reinvesting both principle and interest.
Unless they've changed the law without notifying us, we should be fully protected in G.
Tsunami
Well-known member
Cactus
Well-known member
That's a good article, Tsunami. The only thing I found missing was an explanation of red vs. black candles. I think this article clarifies that:
What's the deal with those colored candles?
What's the deal with those colored candles?
2moryrs
Member
(PIP) for the past 12 months ending 12/31/2017 is 14.44%.
Pleased with how the year ended.
Starting the year 100 G.
It boggles my mind that retirees will take their funds completely out of the TSP upon retirement. With the help of TSP talk my TSP account is growing with no additional funds being infused.
I am fortunate to have been CSRS and do not need to rely on my TSP funds until sometime in the future.
My Vanguard advisers would like to get their hands on those funds, but I will leave them where they are for as long as I can.
Best wishes for another great year.
Pleased with how the year ended.
Starting the year 100 G.
It boggles my mind that retirees will take their funds completely out of the TSP upon retirement. With the help of TSP talk my TSP account is growing with no additional funds being infused.
I am fortunate to have been CSRS and do not need to rely on my TSP funds until sometime in the future.
My Vanguard advisers would like to get their hands on those funds, but I will leave them where they are for as long as I can.
Best wishes for another great year.
2moryrs
Member
Time flies when you are having fun. Moved to 100% G on April 19, 2018. Just Getting to posting here now. One more week until the Oregon NARFE State Convention. The last one under the old delegate format. After this year, we will be conforming to the One member, one vote format. Have deep concerns about the future of NARFE, the only organization watching out for the benefits that my former employer promised me when I earned them over 35 years.
Thanks for reading.
csh
Thanks for reading.
csh
maui21ice
Member
Congrats on the age and milestone soon-to-be! I take it $10,000 at a time for milestones this early in my career, but look forward to hitting those $50,000 and $100,000 milestones down the road with my account balance.
Maricar19
Active member
Congratulations Maui! I know how you feel as I was there back in late 2008 timeframe. Thankfully I am one to watch the markets and TSP, I was able to do an IFT to the G fund a few days before the market started tumbling. I kept contributing to TSP and now I'm in the triple digits. Keep up the good work, as time passes so fast.
