ebbnflow's Account Talk

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What about costs asscociated with each of the interfund transfer verification letters we receive in the mail?
I have turned off the quarterly statement, but does anyone know if there is a way to turn the verification letters off?:confused:
 
PonyBoy said:
What about costs asscociated with each of the interfund transfer verification letters we receive in the mail?
I have turned off the quarterly statement, but does anyone know if there is a way to turn the verification letters off?:confused:
Click to expand...

If you enter your email address where requested when making the IFT then the verification will be sent to your email address. You won't get the letter.
 
PonyBoy said:
I have turned off the quarterly statement, but does anyone know if there is a way to turn the verification letters off?:confused:
Click to expand...

When entering an IFT you have the option of entering your email address. On the IFT page it says 'Once the transfer is processed, you will be mailed a confirmation. If you would prefer to receive the confirmation via e-mail, please enter your e-mail address below. (Note: E-mail confirmations are formatted as HTML documents, so make sure that your e-mail application (Outlook, Eudora, GroupWise, etc.) is configured to display HTML.) Your e-mail address will not be retained for future transactions.'
 
PonyBoy said:
What about costs asscociated with each of the interfund transfer verification letters we receive in the mail?
I have turned off the quarterly statement, but does anyone know if there is a way to turn the verification letters off?:confused:
Click to expand...

When you are planning to do the IFT, make sure you fill up the E-mail address first so they would not send you the verification letter to your house. Your IFT statement will be sent to your E-MAIL address.
 
James48843 said:
One thing I would like to point out, that every TSP'er ought to consider adding to the argument against "user fees".

That is that the actual administrative costs of TSP have never been lower. And they are much lower than any other plan out there.

ten years ago, TSP was costing somewhere over 6 to 8 basis points in administrative costs. Yet that is a fraction of most publically held mutual funds, which typically rack up 50 to 80 basis points in costs.

TSP's sheer size, and the use of index funds, has made TSP extremely cost effective.

And today, after several years of having a variety of funds, the actual administrative costs of TSP are the lowest ever. Now they are less than a single basis point.

No where are there costs that low.

If someone tries to tell us that a measley (less than 1% of TSP holders) percentage who wish to manage their own money should pay some kind of user fee to do so- tell them BUNK! Tell them our costs are so much lower than anywhere else, there is NO REASON to charge us user fees to move OUR money into accounts AS WE SEE BEST FITS OUR SITUATION.

TSP- Lowest costs. EVEN when we move it from time to time.
Click to expand...


James,

That is one of the most lucid, well thought out arguments I have read yet on why we don't need fees! Well said.
To me this is the definitive argument, and really cannot be denied, ie. our costs are so low now and only <1% actually are actively moving their money around. It seems to me the costs of administering these fees would more than offset any gains that would come from charging the fees in the first place! My advice, is the same advice that my father gave me many years ago, and that is: "DON'T FIX WHAT AIN'T BROKE"!

Bigdave125
 
ebbnflow said:
Big Dave, I don't want to hem and haw my way to a good answer. I think I read a post by 350z or somebody else, but I can't seem to find it now. Let's wait for the right person to answer this question shall we. :)
Click to expand...


Thanks for the response, EBB. I'll do some searching on my own, to read about this, as well as reading other replies to this.

Thanks again!:)
 
Ebbs·tol [eb-stohl, -stol]
–verb (used with or without object), -tolled, -tol·ling. to praise highly anything Ebb; laud: to Ebbstol the merits of an amazingly accurate trading system.
 
Qibovin, you should be ebbstolled for prompting me to start on the ebbchart tally. :)

Whoa. As predicted by the ebbchart tally, the S-fund is lagging the I and the C-fund. :cool::rolleyes:
 
Bigdave125 said:
If you have a minute, I have a question for you.

On the charts at the bottom of most pages, it has the chart for EFA, which I believe tracks simular to the I fund. It shows it was down today .41%, but I see you said the I fund actually lost .97%. Why is that different? Sorry for asking dumb questions, but I'm just learning this stuff:)! I've read some of the stuff on here about FV, and maybe that has something to do with it?

down_r.gif
0.32 (0.41%)


Thanks again,

Big Dave
Click to expand...

ebbnflow said:
Big Dave, I don't want to hem and haw my way to a good answer. I think I read a post by 350z or somebody else, but I can't seem to find it now. Let's wait for the right person to answer this question shall we. :)
Click to expand...
Welcome to the board BigDave,
This is a good question for Wheels, here is one of his responses to another member.
Wheels said:
Malyla - You need to do a lot of reading but the info is scattered all over and may be difficult to sort through so I will offer a Reader's Digest version of an answer.

The EFA is not a good way to monitor the I fund on a day to day basis. The I fund is based on the EAFE which is an index (much like the S&P 500 is an index). The EFA is an exchange traded fund which is also based on the EAFE but it doesn't trade the same (many reasons, some of the simpler ones are because of the effects of the dollar on the index and because the index trades at all hours while EFA trades from 9:30 to 4:00 with our markets). Over the long term, the EAFE, the EFA, and our I fund will return almost identical amounts, but again from day to day they will vary, sometimes by a great deal as you noticed yesterday.
Click to expand...
http://www.tsptalk.com/mb/showthread.php?p=80772#post80772
 
Greetings fellow TSPers...
Just got turned on to this site and Ebbsnflow's charts. Been reading thru the posts and like what I have been seeing. Others where I work have let their money languish in the G Fund since day one and it is sad to see. I've kept mine spread across the C, I and S Funds and have more than double their balance in about 18 years. If I can almost double that rate? I'll be over a million when I retire in 2011.

Some people have no interest in doing anything with their account and there is nothing wrong with that.. it's their money... just sad to see. Then there are people like us and some I work with who will retire comfortably plus more.

With less than 1% of us trading and moving around our funds, transaction fees and the associated paperwork would wind up be more expensive then just leaving the status quo be. JMHO

Keep up the good work and hope we all retire millionaires! :D
 
Ebbs·po·nen·tial [eb-spoh-nen-shuh l, -spuh-]
-adjective
Of or relating to seemingly supernatural results: Ebbsponential growth.
Finance
Expressed in terms of a designated power of €bb, the basis of supernatural logarithmic TSP growth.

—Related forms
ex'po·nen'tial·ly adverb
 
I transfered into the I fund today before the deadline,will my buy in share price be 23.38 or will it be the estimated 23.71?
I guess I am just confused about the time difference from the USM to the foriegn markets.
:confused:
 
qibovin said:
Ebbs·po·nen·tial [eb-spoh-nen-shuh l, -spuh-]
-adjective
Of or relating to seemingly supernatural results: Ebbsponential growth.
Finance
Expressed in terms of a designated power of €bb, the basis of supernatural logarithmic TSP growth.

—Related forms
ex'po·nen'tial·ly adverb
Click to expand...

Dang- that's a good one. That's a definite keeper. Thanks!
 
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