ATCJeff's Account Talk

[ATCJeff]

Great article Fogsailing found at Bloomberg on the Feds next move.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_fz9yFswePE&refer=home

 

[ATCJeff]

Here is an important fact that needs to be addressed by our letters.

TSP officials keep referring to the so called 3,000 account holders that are driving up trading cost. I would say that most of these members are nearing retirement and now are actively managing their accounts. I believe I read that most of these accounts are over $300,000.

TSP says the L funds re-balancing is a small fraction of the overall trading cost. Move forward in time 20 years from now, the L funds will be a bigger trading cost then the 3,000 members are now. Were talking over 500,000 account holders are in the L funds. This number will grow along with their account balances, especially if they restrict our number of IFT's. What will TSP officials do then?

Something to ponder.

 

[FogSailing]

Jeff:

Who can know. I think the current regime is only interested in being arbitrary and having it their way...my guess is that nothing will change 20 years from now...unless we can get some repreentation on the ETAC to moderate the management decisions of the Board..

Thanks for posting..

FS

 

[hessian]

Every L-Fund contains some percentage of the F Fund. While I have nothing against the F-fund, the fact is that to me its an either/or proposition, F - or the stock funds, because their gains conflict against each other (the G is benign/like cash, so its OK in the mix) - but it isn't neccesary either!

If I want any % in F, I'll either choose to contribute that % to F, or buy into F (or G) via an IFT.

The %F, being part of every L-Fund, is the only reason that I have NEVER held an L-Fund (since their inception).

 

[ATCJeff]

Every L-Fund contains some percentage of the F Fund. While I have nothing against the F-fund, the fact is that to me its an either/or proposition, F - or the stock funds, because their gains conflict against each other (the G is benign/like cash, so its OK in the mix) - but it isn't neccesary either!

If I want any % in F, I'll either choose to contribute that % to F, or buy into F (or G) via an IFT.

The %F, being part of every L-Fund, is the only reason that I have NEVER held an L-Fund (since their inception).

Agree and I'll never own a L fund!

 

[airlift]

HAPPY NEW YEAR to ALL!

 

[ATCJeff]

I'm still alive!

 

[Birchtree]

Ya, but I bet you gained at least one more little gray hair.

 

[ATCJeff]

Ya, but I bet you gained at least one more little gray hair.

The funny thing, I really haven't been to upset. I've been busy remodeling the house and working 6 days a week at the FAA. So I haven't really had time to follow the markets that close.

I finally looked this week and found myself back to my April balance. After yesterday, I'm down about 100K!

Oh well, I'll get it back soon.

 

[Birchtree]

Now that's the cold steel approach I like. That loss seems familiar.

 

[Birchtree]

It's time to get back in the game. Having over $600K in the F fund is a waste of good money.

 

[GGal]

I'm glad some ole timers are still around, like Birchtree, Showme, Rod, Rokid, Techy, Nutt, and on and on, but....

I'm just not going to be happy until ATCJeff and Griffing are back.

They may not be updating the tracker even.

I'm sad.

GGAL

 

[nnuut]

Patience is a virtue! Hang in there girl!View attachment 3840

 

[Buster]

It's time to get back in the game. Having over $600K in the F fund is a waste of good money.

Like Norm said..be patient..I'm holding in F for at least this week..

 

[Birchtree]

I noticed you finally got off the dime - planning on making $80K during the second half?

 

[ATCJeff]

I got lucky. I got out cob yesterday. Up 3.01% for the month.

 

[Steadygain]

I got lucky. I got out cob yesterday. Up 3.01% for the month.

Excellent move!!

Had I been in a position to do "short timing moves" I would have done the same thing.

 

[ATCJeff]

Excellent move!!

Had I been in a position to do "short timing moves" I would have done the same thing.

Thanks. All along I was looking for about a 5% move up from the bottom. Now if I can make a few pennies in the F fund I'll be happy!

 

[Steadygain]

I'm glad you're back in action - especially on the MB.

I'm sure I noted you on my thread in the past - to expect good results from you and to ignore the first month or two.

To me that's the most valuable aspect of the MB (from a monetary perspective) - the assurance that we can depend on the ones like you - who know how to beat the odds.

Let's hope GGal sees your back :cheesy:

 

[ATCJeff]

I'm glad you're back in action - especially on the MB.

I'm sure I noted you on my thread in the past - to expect good results from you and to ignore the first month or two.

To me that's the most valuable aspect of the MB (from a monetary perspective) - the assurance that we can depend on the ones like you - who know how to beat the odds.

Let's hope GGal sees your back :cheesy:

Thanks for the kind words. I have been working 6 day weeks now since last October and don't have much time to spend at the computer. During the Spring and Fall I coach my sons baseball team, so you can understand my problem with time.

I'm trying to be around more until Fall.

Jeff