Yesterday's sell-off tells me that Tuesday's gain was more of a market blip than a rally and we should continue to expect a downward trend in stocks. Futures are pointing to a positive opening but I think it will wind up on the downside by the end of the day. Consequentially, I am watching the F-fund ...
-
Welcome to the TSP Talk Forums forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content, join our AutoTracker, and access many other special features. Registration is simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact us. -
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
20% Off Annual Premium Subscriptions!*
Ends Jan 18... Click Here For More Information
* For new or current subscribers -
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Dr Faustus's Account Talk
- Thread starter DrFaustus
- Start date
Hallatauer
Member
Well, it looks like I'll recover from yesterdays drop.. if it becomes a wash, I'll happily take it. I followed you into the F Fund for Monday. I'll look Monday for where I'm going on Tuesday.
I just wanted to make it clear ... I didn't go into the F fund for Monday. I said I was **watching** it ...
Steadygain
TSP Elite
Look at some of the other REIGNING WALL STREET INVESTMENT BANKS:
1) Lehman Brothers is most similar to Bear Stearns in structure and exposure.
2) Merrill Lynch wrote down over $14 Billion recently and has notable problems
The FED has no limits to the MONEY they can print and supply - but the more the BAIL OUTS the more the Dollar sinks
Hallatauer
Member
Yes, you are correct. So, did you follow me into the F Fund for Monday? <G>
Hey Dan, I finally sent my letter to Gregory Long, Executive Director, FRTIB protesting the restriction and asking to be reinstated. I don't know if anyone wants to use this to help them prepare a letter, but here it is.
March 25, 2008
TO: Gregory T. Long
Executive Director, Federal Retirement Thrift Investment Board
RE: Account Number: XXXXXXXXXXX
I respectfully request that you reconsider prohibiting me from making interfund transfers electronically effective March 31, 2008.
Per your letter to me dated February 2008, which I didn’t receive until February 20, 2008, you indicated that “The Board has approved a policy that would limit participants to two interfund transfers per month, with unlimited subsequent transfers to the G fund.” You further stated that you were “ concluding the normal public rulemaking process …, which includes publishing the proposed regulations in the Federal Register (and on www.tsp.gov) and evaluating the comments received. Once the final decision is made regarding the approach to be taken, we will announce it to all participants.” This tells me that you would formally announce the limited interfund transfers after the final decision is made.
I am not happy with your approach to limiting our ability to protect my retirement funds, however I decided to abide by your request even though it had not become final. I, therefore, made no more interfund transfers from the time I received your letter until March. I kept track of my interfund transfers on the autotracker portion of a web site www.tsptalk.com. So I know when each interfund transfer was made.
Those records indicate that I was in the G fund on February 1, 2008. I made an interfund transfer effective February 13, and another one effective February 14. The last interfund transfer I made for February was into the G fund effective February 15, 2008. I did request an interfund transfer on February 29…effective March 1st, 2008. But that transfer did NOT take place and was NOT effective UNTIL March 1st.
I received a subsequent letter from you dated March 13, 2008 erroneously indicating that I exceeded the three IFT limit in February, and that I would be prohibited from making IFTs electronically after March 31, 2008. As you can see, I only made two IFTs in February, and a last one going to the G fund as permitted. I followed your instructions even though I was opposed to them and, in my interpretation of your letter, they were not in effect until a final decision was made and it was announced to all participants.
I am retired, with no ability to increase my TSP funds. The only way I have to ensure my retirement savings are working for me is by having control of that resource…to direct and redirect those valued funds. This restriction will result in a tremendous burden on me, and keep me from effectively managing my retirement resources. So, please consider the facts as stated and reinstate my ability to electronically transfer my Thrift Saving account to give me the ability to preserve my retirement funds.
Sincerely,
Craig R. Huss
March 25, 2008
TO: Gregory T. Long
Executive Director, Federal Retirement Thrift Investment Board
RE: Account Number: XXXXXXXXXXX
I respectfully request that you reconsider prohibiting me from making interfund transfers electronically effective March 31, 2008.
Per your letter to me dated February 2008, which I didn’t receive until February 20, 2008, you indicated that “The Board has approved a policy that would limit participants to two interfund transfers per month, with unlimited subsequent transfers to the G fund.” You further stated that you were “ concluding the normal public rulemaking process …, which includes publishing the proposed regulations in the Federal Register (and on www.tsp.gov) and evaluating the comments received. Once the final decision is made regarding the approach to be taken, we will announce it to all participants.” This tells me that you would formally announce the limited interfund transfers after the final decision is made.
I am not happy with your approach to limiting our ability to protect my retirement funds, however I decided to abide by your request even though it had not become final. I, therefore, made no more interfund transfers from the time I received your letter until March. I kept track of my interfund transfers on the autotracker portion of a web site www.tsptalk.com. So I know when each interfund transfer was made.
Those records indicate that I was in the G fund on February 1, 2008. I made an interfund transfer effective February 13, and another one effective February 14. The last interfund transfer I made for February was into the G fund effective February 15, 2008. I did request an interfund transfer on February 29…effective March 1st, 2008. But that transfer did NOT take place and was NOT effective UNTIL March 1st.
I received a subsequent letter from you dated March 13, 2008 erroneously indicating that I exceeded the three IFT limit in February, and that I would be prohibited from making IFTs electronically after March 31, 2008. As you can see, I only made two IFTs in February, and a last one going to the G fund as permitted. I followed your instructions even though I was opposed to them and, in my interpretation of your letter, they were not in effect until a final decision was made and it was announced to all participants.
I am retired, with no ability to increase my TSP funds. The only way I have to ensure my retirement savings are working for me is by having control of that resource…to direct and redirect those valued funds. This restriction will result in a tremendous burden on me, and keep me from effectively managing my retirement resources. So, please consider the facts as stated and reinstate my ability to electronically transfer my Thrift Saving account to give me the ability to preserve my retirement funds.
Sincerely,
Craig R. Huss
I like it Craig! **Do** let us know what happens with this!
Hallatauer
Member
You're doing great Dr F! Especially considering where the economy has been. My March tally is -0.98%. For 2008 -0.95% Both negatives 
but not destroyed like some portfolios.
but not destroyed like some portfolios.You're doing great Dr F! Especially considering where the economy has been. My March tally is -0.98%. For 2008 -0.95% Both negatives
Sorry to hear about your numbers, Hal! You were my hero in Jan (or was it Feb?) ... what you did there was little short of amazing.
Man, I wish I had been in stocks yesterday. That run-up was little short of amazing! Am thinking of getting into the USMs today. But, I don't want to give anyone the impression that I am chasing gains ... far from it. Instead, here is what I am seeing:
View attachment 3650 View attachment 3651
The red line appears to be showing - oh, I don't know what you call it - some kind of a downside floor. I look for stocks to pull back some of their gains today, perhaps tomorrow as well. If the USMs look like they are going to go below this floor line, then I won't get in ... otherwise, I think we might be looking at a buying opportunity.
Thoughts?
View attachment 3650 View attachment 3651
The red line appears to be showing - oh, I don't know what you call it - some kind of a downside floor. I look for stocks to pull back some of their gains today, perhaps tomorrow as well. If the USMs look like they are going to go below this floor line, then I won't get in ... otherwise, I think we might be looking at a buying opportunity.
Thoughts?
Steadygain
TSP Elite
Hallatauer
Member
I was in stocks for yesterday and decided to stay in for today with some good numbers coming out. Didn't realize what time it was... it's after noon right now... was going to bail to G but I guess I'm in stocks for tomorrow too. I'm away for a few days so gonna dump to the G Fund tomorrow and stay there while I'm out of touch.
tspgo_com
Active member
Today seems like a great day to take some profit if you are invested in C, S or I. You should get a better entry point in the near future.
Thank (I got it)
