Dr Faustus's Account Talk

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Hi ya'll... back from a long weekend vacation. Before I left I went to the F Fund instead of the G and make a small positive return over the last few days. I'm generally staying with the Auntie Ebb which I won't discuss here but am in positive territory I haven't seen since last November. woohoo!
 
I switched to 100% F fund cob today (4/10). Dunno if I will be able to recover all of my losses I incurred yesterday (and likely today as well).
 
Well,
I was in the F Fund and went C/S Funds for today and tomorrow... may leave it there for next Monday. I caught a few up days in the F Fund but expect a few down days.. i think you're a day or two behind in your moves Dr F.

Saw a thread earlier ... poster states that a friend has been doing a simple, once a month IFT. Whatever fund did the best for the month. Transfer into that fund for the next month. Sounds counter intuitive but the returns have been good, back tested to 2001. I'll try and find a link to the thread. It may come in handy once Long and co. enforce their communist wills upon the people.
 
Hallatauer said:
Well,
I was in the F Fund and went C/S Funds for today and tomorrow... may leave it there for next Monday. I caught a few up days in the F Fund but expect a few down days.. i think you're a day or two behind in your moves Dr F.
Click to expand...

Well, it wouldn't be the first time :worried:
 
Those of you that are not locked out, can look at the short term for your IFT. Those of us who are locked out can't really do anything right now because the market is so volatile. I wish I could have gotten in for some of the increases, but timing is out the door for us, cause we never know when those bast.... will make the move for us with a mail-in IFT, and the markets are going down in the long term. Guess I will just wait it out and hope that the political pressure brings about a change. Does anybody know how long this lock-out or the restrictions are suppose to last? I sent my objections to the FTRB and my congressman with no response at all from them, and I feel like I'm losing money every day.
 
Thanks anidoc. That means I only have a little less than three weeks to sit on the sidelines and wait.....maybe.
 
Craig,

Sorry you got locked out, that really bites the big one. The market is indeed very volatile, so it's very hard to pick anything in the short term. However, I think the overall trend is still downward so if I were you, I'd put in a mix between F and G.

I think I read somewhere that even the mail-in IFTs are not being actioned upon ... can anyone verify this? If true, I would think that would really be grounds for some kind of action.

In the meantime, I am in F and intend to stay there for a while.
 
Dr Faustus said:
Craig,

I think I read somewhere that even the mail-in IFTs are not being actioned upon ... can anyone verify this? If true, I would think that would really be grounds for some kind of action.

In the meantime, I am in F and intend to stay there for a while.
Click to expand...

I sent in my first mail in (regular mail) on Thursday, April 3rd. It has not been acted upon. I sent another one on Monday, April 7th. No action on that either.
 
Dr Faustus said:
Craig,


I think I read somewhere that even the mail-in IFTs are not being actioned upon ... can anyone verify this? If true, I would think that would really be grounds for some kind of action.
Click to expand...

Yeah they're holding them up. I sent my first IFT in and it took 6 days to go thru. My second one I sent in 3 days after my first one was sent in and it became effective the next day after the first one. So they screwing with our future retirement. :mad: Holding them up...shoot, they may even be losing them accidently. ;)

CB
 
Far to expensive, but certified return receipt would put a kink in their chain. I still say Barclay's had a lot to do with manipulating the TSP Board Members.:D
 
anidoc said:
I agree about Barclay's, said that since that first FRTIB report back in November. I posted an interesting article over on the IFT Limit thread this morning about Barclay's risk...it has more capital leverage (no surprise there, it has our TSP fund) than other UK banks, and is also considered to be more AT RISK from this credit crisis than other UK banks except for one. The article also talks about the decreasing value of its assets (our TSP for one) that are tied up in all that "leveraged" junk.
Click to expand...

I have been thinking a lot lately how protected our TSP funds are. I mean can we be Enroned or Bear Sterarnsed somehow. Could Barclays be playing games with our money. How insured/protected are our funds ? Just wondering.

CB
 
anidoc said:
That question was asked and T Ray quoted from the contract sow that the fund manager is required to put up 105% worth of assets as collateral. My response to that pat answer is 105% of zero is still zero. Did you see the latest shell game Lehman has just tested on the fed? Repackaging junk nobody would buy under another name, getting it AAA rated, then using it as collateral for a new loan from the FED?
Click to expand...

Thanks anidoc,

Since T Ray said, that makes me feel warm and fuzzy all over...not. It sure doesn't sound protected to me, if Barclays pulls a BS on us. :worried: I wish we had the option to pull funds once a year, then I'd pull it all, cause I sure don't trust the Board or Barclays with our money anymore.

CB
 
Paladin said:
They "accidentally" messed up my TSP-50 allocations. Put me 25% in all funds including all the L-Funds. Of course then they had to cancel that IFT, which added still more delay. It's now been 5 business days and I'm still waiting for it to be processed. :mad:
Click to expand...

Yeah that doesn't suprise me in the least. They aren't even Gov. employees down there so they could care less if they screw us over.

CB
 
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Hi Dan, Just checked your thread!!! I personally don't know if IFT that are mailed in are input at all. I think that the Board is just trying to screw with us....so I am not even giving them a chance. I have been in G since I got cut off. I am not even giving them the chance to change my account...or screw it up...at their convenance. So, I am leaving it in the G fund until I can make IFTs on line again. I want to be in control of where and when...not letting them do it. I know it is costing me profit because I am locked out..but it is the less costly of the other options of sending it in by mail and letting them decide when to activate my request. And it sounds like, from the response you have received thus far, that my assumptions are right. I sure wish we could take some legal action to stop this BS.
 
Dan, I been surfing the other threads today, and found out that I can fax in my IFTs with a five to seven day lag time (which is crap because that is still to long). Anyway, where are you at today, and where would you go for a long term move. This G fund is getting me nowhere. But then again, nowhere is better than in the toilet. I'm only one half of a percent below my January 2008 level....but I am still one half of a percent below my January 2008 level and it is mid April already. Any suggestions? What do your charts say? I don't what to make a BIG mistake here after waiting patiently for this long. It may be a mute point, cause it won't take affect until just before May 1, when we should find out what will happen to us outlaws, anyway. And then we should be able to make IFTs on line again. but I still am interested in what you think. Thanks,

Craig
 
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