Exnavyew's Account Talk

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Was curious as to why the noon cutoff time for IFTs so I simply asked TSP.
They gave me a non-answer answer(below). ;damnit
I asked them again 'but WHY'?

Anybody know what the official reason is for the noon cutoff? :scratchchin::dunno:
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[FONT=&quot]Thank you for contacting the ThriftLine Service Center. We understand you're inquiring about the reason for noon being the deadline for doing an IFT that will take effect the next trading day.[/FONT]

[FONT=&quot]Market cutoff times are not regulated, but they are necessary for the purpose of determining when an item was traded. Our cutoff time for money-out transactions is noon. [/FONT]

[FONT=&quot]As always, if you have any additional questions or concerns, feel free to respond to this email, utilize our live chat option, or call our ThriftLine Service Center for assistance at 1-877-968-3778 between 7:00 a.m. and 9:00 p.m. EST.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]ThriftLine Service Center [/FONT]
 
exnavyew said:
Was curious as to why the noon cutoff time for IFTs so I simply asked TSP.
They gave me a non-answer answer(below). ;damnit
I asked them again 'but WHY'?

Anybody know what the official reason is for the noon cutoff? :scratchchin::dunno:
----------------------------------------------------------------------------
Thank you for contacting the ThriftLine Service Center. We understand you're inquiring about the reason for noon being the deadline for doing an IFT that will take effect the next trading day.

Market cutoff times are not regulated, but they are necessary for the purpose of determining when an item was traded. Our cutoff time for money-out transactions is noon.

As always, if you have any additional questions or concerns, feel free to respond to this email, utilize our live chat option, or call our ThriftLine Service Center for assistance at 1-877-968-3778 between 7:00 a.m. and 9:00 p.m. EST.

ThriftLine Service Center
Click to expand...

My guess it is a dinosaur holdover from when we first started. Back then you could call it in or snail mail it. That and they are too cheap to get a real software program that could do it in real time like some of your big financial institutions.
 
exnavyew said:
Market cutoff times are not regulated, but they are necessary for the purpose of determining when an item was traded. Our cutoff time for money-out transactions is noon.
Click to expand...

Oh, so they do it that way because that's the way they do it. Got it. :laugh:

Thanks for asking, and sharing their response!
 
[My guess it is a dinosaur holdover from when we first started. Back then you could call it in or snail mail it. That and they are too cheap to get a real software program that could do it in real time like some of your big financial institutions.]

Yeah, probably just plain bureaucracy.
When they announced an overhaul of the TSP website and adding mutual funds as an option it took them many years to actually do it.
And I personally liked the old website better!! :rolleyes:
 
Need Charlton Heston to part this red sea of a stock market! :D
Behold!! :eek:


9k=
 
Entered the F-fund the day before Powell made his 'the time has come' speech on Aug 23. F-fund jumps up. Yeah!
But then the last week of Aug was mostly red for the F-fund so genius that I am
I go 100% G-fund to enter Sept. :banghead:
So, dive back in to F-fund? Ship has sailed for now? Wait and see market reaction to rate cut this month?
Really curious how the market will react to the actual rate cut.
Will it rejoice?
Will it 'sell the news'?
How about a poll on what the market will actually do when the rate cut occurs?
My tea leaves aren't working. :rolleyes:
 
Just a casual observation while waiting for Powell to reveal the CPI data.
The last 2 years the S&P 500 has had it's annual low near Oct. :scratchchin:
Strictly FWIW, if anything.
 
After the CPI news came out the futures dropped.
Market hasn't opened yet but is the market seeing the data as a threat to a rate cut for the moment? :eek:
Just have to wait for the market to open and see what the 'real' reaction is.
 
exnavyew said:
Just a casual observation while waiting for Powell to reveal the CPI data.
The last 2 years the S&P 500 has had it's annual low near Oct. :scratchchin:
Strictly FWIW, if anything.
Click to expand...

Since I can't resist :D

Over the past 63 years, the month of October has the 2nd highest occurrence of annual lows at 11% (or 7 times)

Since it's year to year, January has the top spot at 41% followed by 3rd place March at 10%

All other months are half or less of October.
 
After the RED start this morning if you had bet me it was gonna finish GREEN I would've taken that bet and lost. :1244:

marketrollercoaster.jpg
 
Bonds (F-fund) are down a bit. Puzzled. Seems like an impending rate cut would be a positive or is that already priced in?
 
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