350Z's I fund thread DEC 07

[350zCommTech]

350z...sorry for this ot post...Please allow this one ..ty

Signed.

 

[12%ayear]

Signed.

thanks..btw...read this....TSP news.. http://www.govexec.com/dailyfed/1207/121907b2.htm Tracey Ray, chief investment officer of the TSP, said that under such a plan, a small fee of $8 or $9 wouldn't begin to offset trading costs. Instead, some participants might have to be charged thousands of dollars in fees, depending on the amount and size of their trades.......................................................BS!!

 

[350zCommTech]

thanks..btw...read this....TSP news.. http://www.govexec.com/dailyfed/1207/121907b2.htm Tracey Ray, chief investment officer of the TSP, said that under such a plan, a small fee of $8 or $9 wouldn't begin to offset trading costs. Instead, some participants might have to be charged thousands of dollars in fees, depending on the amount and size of their trades

That is BS. She has no idea of what she is talking about. If that was true, then how have they been paying for all of these trading costs?

For the folks that are in talks with these people, you need to ask for proof of these high trading costs. We need to see a breaking down of trading costs for all the funds, especially the L funds.

I know they might be reading this but I'll say it anyway. I'm very suspicious of their motivation.

 

[350zCommTech]

Up 1 cent.

 

[jayhawker]

That is BS. She has no idea of what she is talking about. If that was true, then how have they been paying for all of these trading costs?

For the folks that are in talks with these people, you need to ask for proof of these high trading costs. We need to see a breaking down of trading costs for all the funds, especially the L funds.

I know they might be reading this but I'll say it anyway. I'm very suspicious of their motivation.

IMO, it's the huge $ amount of the transaction that is running up the cost. If there is an approximately equal amount moving into a fund and out of the same fund, the transaction cost is minimal. But when $370 million is moved into a fund all at once and the amount moving out is miniscule in comparison, there's going to be a huge transaction fee.

This change in the IFT rules will forever be known as the Ebbtracker Effect. A victim of it's success.

 

[wv-girl]

IMO, it's the huge $ amount of the transaction that is running up the cost. If there is an approximately equal amount moving into a fund and out of the same fund, the transaction cost is minimal. But when $370 million is moved into a fund all at once and the amount moving out is miniscule in comparison, there's going to be a huge transaction fee.

This change in the IFT rules will forever be known as the Ebbtracker Effect. A victim of it's success.

There has to be a compromise somewhere. To limit us to miniscule returns is totally unfair!!

 

[jayhawker]

$370M from I to G...then back from G to I within 2 days = 0 effect, if what you say is true.

The two days is the problem. If the amount into a fund and the amount out of the same fund on the same day are basically equal then the transaction costs are low.

 

[airlift]

I believe that this a short-sighted solution. This is a beaurocratic response to an issue they don't understand (or want to understand). It is an attempt to control a situation that they don't want to accept. Meaning, some managers in government need to exercise control for the sake of control. Some don't like to see other government employees gaining financial advantage through skills and dedication. They don't accept the fact that most government employees are simply not interested in financial matters, or that they are not inclined to learn new avenues of success! The easy way out is to clamp down on the rest of us. It seems they only want uniformity for all.

BTW, the website created by James has outstanding rebuttals contributed by other colleagues here. The key is to lobby effectively. I hope our calls and letters have a positive impact!

 

[nnuut]

The two days is the problem. If the amount into a fund and the amount out of the same fund on the same day are basically equal then the transaction costs are low.

I surely don't know everything about transations, but I think a transation is a transaction and the cost is probably about the same for in and out or back and forth or whatever?

 

[Wolverine]

I believe that this a short-sighted solution. This is a beaurocratic response to an issue they don't understand (or want to understand). It is an attempt to control a situation that they don't want to accept. Meaning, some managers in government need to exercise control for the sake of control. Some don't like to see other government employees gaining financial advantage through skills and dedication. They don't accept the fact that most government employees are simply not interested in financial matters, or that they are not inclined to learn new avenues of success! The easy way out is to clamp down on the rest of us. It seems they only want uniformity for all.

BTW, the website created by James has outstanding rebuttals contributed by other colleagues here. The key is to lobby effectively. I hope our calls and letters have a positive impact!

They are wanting/trying to control the herd. The controling the herd thing is an on going thing in our society today in general, just not with this situation alone. Its happening all around us in more ways than we want to think.

 

[vectorman]

They are wanting/trying to control the herd. The controling the herd thing is an on going thing in our society today in general, just not with this situation alone. Its happening all around us in more ways than we want to think.

Control the herd. I guess that helps to explain all the cameras my city is pulling at alot of traffic intersections.

 

[Wolverine]

Control the herd. I guess that helps to explain all the cameras my city is pulling at alot of traffic intersections.

Nothing new with the camera thing. That will get worse also. Technology is working its way into our lives on a snoop level more and more.

RFID.....Radio Frequency Identification.......will become more and more also.

Before ya know it.....LOL we will be doing a major BOHICA and they will be putting micro-chips in our rear ends to identify who is doing all the farting and be accused of destroying the Ozone Layer. LOL

 

[weatherweenie]

eafe +0.01%

 

[12%ayear]

Careful , we might get a +fv or even at best.

looking like a +fv tonight

 

[350zCommTech]

RIMM beats by 2 cents the guidance was optimistic.

 

[350zCommTech]

FV situation: I don't think so.

If they use the S&P, It's good enough for a 15 cents +FV.

Neither the Dow nor the EFA changed enough to cause a +FV.

With the dollar up slightly in the afternoon, they probably won't do it.

If we get a +FV, It might be 12 cents.

 

[12%ayear]

FV situation: I don't think so.

If they use the S&P, It's good enough for a 15 cents +FV.

Neither the Dow nor the EFA changed enough to cause a +FV.

With the dollar up slightly in the afternoon, they probably won't do it.

If we get a +FV, It might be 12 cents.

350z, did you see that spike on the EFA to break into a hew high for the day right at the close? It seems that +fv was in play.

 

[Miss_Piggy]

....RFID.....Radio Frequency Identification.......will become more and more also.
Before ya know it.....LOL we will be doing a major BOHICA and they will be putting micro-chips in our rear ends to identify who is doing all the farting and be accused of destroying the Ozone Layer. LOL

So glad to see we can keep our sense of humor in these trying times.

 

[Wolverine]

So glad to see we can keep our sense of humor in these trying times.

Yes, Miss Piggy....a sense of humor is a good thing to have even in these uncertain times with the market. Even though mine can be a bit strange at times, lol It is me.

I see you also have a great sense of humor. I had to reply to your reindeer one of course. LOL

 

[350zCommTech]

350z, did you see that spike on the EFA to break into a hew high for the day right at the close? It seems that +fv was in play.

Yup, I just saw that. That came well after 4:20 est. right? Or maybe the EFA chart was just slower than usual.

+FV is a go.