Could someone explain the "point" to me. We, at work, have been talking about how to figure out how to say what the current raise or lower points are. Example if the s fund is up 4.72 is that 472 points? The definetions section of this says "a point is the smallest unit of price change or 1/100th of a percent. Since the 2 (in the example above) is in the 1/100th column wouldn't the rest of it be four hundred seventy two points? Thanks and I hope I didn't post this question in the wrong area.
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Explain a "point"
- Thread starter Bart
- Start date
If I understand the question correctly, in indexes a point is a dollar. If the Dow is up 10 points, it means $10. When the indexes are up or down less than a dollar, it is considered to be up or down, "a fraction."
Since our funds are still in the $10 to $20 price range, we would say cents. "The S fund was up 8 cents today."
Am I on the right track with what you are asking?
Since our funds are still in the $10 to $20 price range, we would say cents. "The S fund was up 8 cents today."
Am I on the right track with what you are asking?
Up four and seventy-two hundredths of a point; Rounded to the nearest point... Five Points; $5.00 :blink: :nuts: 
TiCKed
Member
I agree with Tom on the main answer: We here just say it went up "xx cents"...and if it should ever occur....it went up "x dollars and xx cents".
I would argue, however, that the major indexes (Dow, S&P, etc.), are not scaled in US Dollars. You can't buy a share of an index....they're just scaled in non-unit numbers. Therefore, they rise "xx points".
Think the question is attempting to relate "basis points" for interest rates, (i.e. 25 basis points is 0.25%), with increases in value of mutual funds?? Personally, I wouldn't try to force the two into the same category.
Stick with "xx cents".
I would argue, however, that the major indexes (Dow, S&P, etc.), are not scaled in US Dollars. You can't buy a share of an index....they're just scaled in non-unit numbers. Therefore, they rise "xx points".
Think the question is attempting to relate "basis points" for interest rates, (i.e. 25 basis points is 0.25%), with increases in value of mutual funds?? Personally, I wouldn't try to force the two into the same category.
Stick with "xx cents".
I say yep.
Nope. If the S is up 1.08%... add 1.08% to the TSP.GOV current price of the S Fund. Clap vigorously only if you're proven correct after TSP posts the final results. :nuts:
TiCKed
Member
No..no...no....
The Wilshire 4500 index went up "6.43 points". This works out to 1.08% gain.
The S-Fund is invested in a mix of stocks meant to mirror the Wilshire 4500. It started at $18.08 per share. Once the fund prices are posted today (around 7:30pm EST), it will have risen something like 19 or 20 cents, to a value of $18.27 or $18.28.
($18.08 X 1.08% = 19.53 cents.....thus my 19 or 20 cents.)
Make sense?
Basic problem is your attempting to directly relate the INDEX value (Wilshire 4500) to the S-Fund share price.
Added: Fivetears beat me to it, and far more economically.
Good Luck! 
I've got the "Redneck 2000" reduced key keyboard.
Less buttons to push.
Less buttons to push.
Fivetears beat me to it, and far more economically.
Desperado
Member
A point is 1/100 of 1%. It is usually used referring to changing interest rates (for example, the yield on the 5 year treasury is up 6 basis points today (0.06%.) These points are not interchangeable with the "points" of an index or with price changes of individual stocks, mutual funds, or TSP funds.
