jomfresno
i would like to start out by saying i don't know shizzle, but i try to look out for those young new employees who don't know what to do with their TSP money. in particular a very close friend who came on 8 yrs ago and has 20plus to go. he was very conservative and kept his money in G fund, even tho i told hiom to move to equities. my reasoning is simple. when the markets are down your buying at a lower rate and when its up your benifiting from DCAing. this is especially true when your not going anywhere anytime soon. i feel like its a win win situation. he finally came tro me and wanted to move his money and after the first year he made more than he had made in the past years combined, and kicks himself for not moving it earlier. i tell hoim to look foeward and don't worry about whats behind him, nothing he can do about the past. i'm 2 months from retiring and i'm balls to the wall and fully invested in equities for basically the same situation. i don't plan to touch my TSP when retiring and just let it ride. i would like to avoid the so called CORRECTION thats been mentioned since last year, but this market is very resilient and has a way of putting people to sleep and continue to push up. i remember not too long ago unemployement was in double digits now 6.6%. things like that are going unnoticed and good changes are happening. thats what i mean by people are in a sleep or fog over the changes that have occured slowly but surely. everyone has their own strategy and timeframe so to each their own. a lot of good info on this site, but you need to take things said with a grain of salt. thats my 2 cents so lets make some money.
i would like to start out by saying i don't know shizzle, but i try to look out for those young new employees who don't know what to do with their TSP money. in particular a very close friend who came on 8 yrs ago and has 20plus to go. he was very conservative and kept his money in G fund, even tho i told hiom to move to equities. my reasoning is simple. when the markets are down your buying at a lower rate and when its up your benifiting from DCAing. this is especially true when your not going anywhere anytime soon. i feel like its a win win situation. he finally came tro me and wanted to move his money and after the first year he made more than he had made in the past years combined, and kicks himself for not moving it earlier. i tell hoim to look foeward and don't worry about whats behind him, nothing he can do about the past. i'm 2 months from retiring and i'm balls to the wall and fully invested in equities for basically the same situation. i don't plan to touch my TSP when retiring and just let it ride. i would like to avoid the so called CORRECTION thats been mentioned since last year, but this market is very resilient and has a way of putting people to sleep and continue to push up. i remember not too long ago unemployement was in double digits now 6.6%. things like that are going unnoticed and good changes are happening. thats what i mean by people are in a sleep or fog over the changes that have occured slowly but surely. everyone has their own strategy and timeframe so to each their own. a lot of good info on this site, but you need to take things said with a grain of salt. thats my 2 cents so lets make some money.
