350Z's I fund thread OCT 07

[ebbnflow]

Okay, thanks ATCJeff!

 

[airlift]

It's a Federal Holiday. Are they Federal employees?

 

[buda]

It's a Federal Holiday. Are they Federal employees?

I would guess they were Federal. Do they actually work or does the computer do all the work?

Bud's

 

[fabijo]

It's a Federal Holiday. Are they Federal employees?

Last year, the TSP site only showed the announcement the day after Columbus Day that their offices would be closed the day prior and IFTs will only take affect the next day. See here, from last year's Market Talk thread:

Is it me or was this just posted today?

The Thrift Savings Plan will be closed on Monday, October 10th, in observance of Columbus Day. Transactions that would have been processed Monday night (October 9th) will be processed Tuesday night (October 10th), at Tuesday's closing share prices.

http://www.tsptalk.com/mb/showpost.php?p=59108&postcount=33

 

[Robo5555]

In Colorado. :toung:

Used to live there... go rockies!!

 

[James48843]

I would guess they were Federal.
Bud's

They are now contractor employees, not federal employees. They USED to be federal employees until they were ousted about a year or a year and a half ago.


Not sure if they will be open on Monday or not. Fabijo pulled the message from last year showing they were closed on Columbus day. TSP site this year doesn't have any info posted on it yet one way or the other.

 

[350zCommTech]

FYI:

Japan will closed on Monday.

 

[budnipper1]

They are now contractor employees, not federal employees. They USED to be federal employees until they were ousted about a year or a year and a half ago.


Not sure if they will be open on Monday or not. Fabijo pulled the message from last year showing they were closed on Columbus day. TSP site this year doesn't have any info posted on it yet one way or the other.

They finally announced it...
http://www.tsp.gov/account/index.html (click "account access" tab)
The Thrift Savings Plan will be closed on Monday, October 8th, in observance of Columbus Day. Transactions that would have been processed Monday night (October 8th) will be processed Tuesday night (October 9th), at Tuesday's closing share prices.

The switch to account numbers is scheduled for October 9, 2007
http://www.tsp.gov/curinfo/login/accountnumber.html

 

[airlift]

When is the last opportunity to do an IFT to be in a fund on Tuesday? Sunday, Monday?

 

[12%ayear]

When is the last opportunity to do an IFT to be in a fund on Tuesday? Sunday, Monday?

By today's deadline I would think. Treat Monday as a Holiday to make a transfer.

 

[airlift]

Thanks 12%.

Have you decided where to go for Monday and Tuesday?

 

[James48843]

They finally announced it...
http://www.tsp.gov/account/index.html (click "account access" tab)
The Thrift Savings Plan will be closed on Monday, October 8th, in observance of Columbus Day. Transactions that would have been processed Monday night (October 8th) will be processed Tuesday night (October 9th), at Tuesday's closing share prices.

The switch to account numbers is scheduled for October 9, 2007
http://www.tsp.gov/curinfo/login/accountnumber.htmlhttp://www.tsp.gov/curinfo/login/accountnumber.html

Thanks for posting that.

Does everybody have their NEW account numbers ready at hand?

 

[airlift]

I do! Now we also have to change the codes for employeexpress. Aside from a photografic memory, does someone have any useful lessons or ideas as to where to store so many security passwords and codes?

 

[FundSurfer]

Aside from a photografic memory, does someone have any useful lessons or ideas as to where to store so many security passwords and codes?

How about a little black book next to your computer?

Got my #...

 

[weatherweenie]

Jobs number seems to have been well received overseas at least. FTSE is climbing.

 

[fedgolfer]

Is this morning's job report good for the dollar and bad for the I fund?

On a sidenote, the upward revision (although well recieved by morning advances in futures) really says the Fed acted on bad jobs data when they used that as the excuse to cut .50 basis points. Oh well, I'll take the pop even though it looks like the Fed either doesn't know what its doing or its rate policy is really manipulated by Wall St.

 

[Jonathan]

If the Fed continues to cut interest rate, real estate market will sustain (it is cheaper to borrow therefore reducing the cost of owning real estates), which in turn means sub prime problems will be minor problems (if people can sell their home with decent prices, their sub-prime problems will go away).

From everything I'm reading, it simply won't solve things. The fundamental issue is you have millions of people who bought houses who couldn't have afforded normal payments on fixed 30-year mortgages (normal mortgages) even when interest rates were rock-bottom, and those sub-prime mortgages have found their way into everything. The fed cutting rates now won't fix that problem.

Those people are insolvent, period, and barring some sort of legislation a very large number will either short-sale or be foreclosed upon. Either way, a lot of people are going to lose a lot of money, and it won't be (isn't) confined to the sub-prime market.

(EDIT: Sorry about the late reply post; was out most of yesterday...)

 

[350zCommTech]

Is this morning's job report good for the dollar and bad for the I fund?

On a sidenote, the upward revision (although well recieved by morning advances in futures) really says the Fed acted on bad jobs data when they used that as the excuse to cut .50 basis points. Oh well, I'll take the pop even though it looks like the Fed either doesn't know what its doing or its rate policy is really manipulated by Wall St.

Yes, this is good for the dollar and hurts the I fund. With Japan being closed on Monday, I'm not sure if I'll stick to my plan to be in the I fund for Monday and Tuesday. The dollar could really move up without the US trader's influence.

As for the Fed, I have an opinion on why they did a .50% cut, but today's jobs number does make Ben look like an idiot.:toung:

 

[James48843]

I fund now showing up 9 cents as of 9:21.

Also- many TSPTALKERS are talking about doing a separate "autotracker" and/or a separate "message board" thread inside the members only area for premium subscribers. We (moderators) are talking about that now- how to do it, what it would take, etc. We here you, and are evalutaing the ideas now. Will try and let you all know more later- it's been a real push to deal with all the changes so far, so please give us some time to work things through. thanks

 

[350zCommTech]

As for the Fed, I have an opinion on why they did a .50% cut, but today's jobs number does make Ben look like an idiot.:toung:

Here's a crazy thought:

What if today's jobs number and the upward revisions are just a response to the falling dollar?