G Fund Payday

[Guest2]

I noticed that TSP states the fund shares are going to four decimal points starting July 1....so how does this affect the frequency for the G fund value increase to our account? :blink:

Its believed that the TSP will valuate your (G) Fund on a daily basis.
The goal was to stop participants from jumping into the (G) for a penny
and then move out. By giving you a fifth or sixth of a penny each day,
they believe it will stop the behavior. It starts July 1st (strange enough)
which falls on a Tuesday (strange enough). Until then, its anyones guess.

 

[luv2read]

Sneaky suspicion they're starting it July 1, and announced the change after 12 NOON this past Monday, so that shareholders didn't have any advance warning to move into G on Monday and get the last full penny payout yesterday. Screwed again!

Every day's a G Payday starting July 1. Whoopee 1/6 cent!

 

[Guest2]

Every day's a G Payday starting July 1. Whoopee 1/6 cent!

sometimes 1/6 ,,,, sometimes 1/5 ,,,, sometimes 1/4 :nuts:

 

[JTH]

I must admit, I'm going to like the new G system more the the old system. I don't want any of my decisions to be based on catching the G penny.

 

[Guest2]

I must admit, I'm going to like the new G system more the the old system. I don't want any of my decisions to be based on catching the G penny.

I somewhat agree, there were too many times that my money in the (G)
just sat there unproductive. But we still have to wait and see what they
do. Just when we find a positive in a move by them, somehow, someway,
they mess it all up.

 

[Braveheart]

I must admit, I'm going to like the new G system more the the old system. I don't want any of my decisions to be based on catching the G penny.

The problem is the G Penny may be the only decision we have. I was going to move to the S & I Funds yesterday but smelled a rat so I held off. Right now the best move I made was not making one that would have cost me $15,000 in a single day.

I will look to get back in at below 11,000 that is where the dow appears to be heading. It could happen by tomorrow the way things are unfolding.

The Fed got it wrong and should have raised rates either way the market would take a hit but the dollar would gain and Oil would be lower. He just gave the big boys 2 free months to run up the price.

 

[luv2read]

LOL he's just doing what hes been told to do by the financials and big oil. Don't whip poor ol ben.

 

[Silverbird]

Heh, if he had raised rates, the Market would have blamed him for the downturn; as if it wasn't already happening before the announcement.

 

[hessian]

The Fed got it wrong and should have raised rates either way the market would take a hit but the dollar would gain and Oil would be lower. He just gave the big boys 2 free months to run up the price.

Braveheart, FWIW, I saw your post on thisa couple days ago, and thought YES, this is what the Fed needs to do. After all, anyone can see that our markets move according to the price of oil! The biggest problem now is the high price of oil, and the current Fed. rate is directly related to the [super] weak dollar. Its not the cause of all our problems in equities, but our currency value is a major factor in this, and other world markets and their currencies. Solve the oil (price) problem, & the rest fixes itself!!

How? by the .50 rate increase, suggested!! The oil bubble would have burst! IMO, the .50% hike you suggestested would likely have spanked the market, shorterm, but with oil's immediate retreat, the troubled equity markets would have quickly recovered. But L2R is right, Ben's in bed with big oil, financials, (and, well, lets just say it straight out) -ignorant politicians. I liked the .50 cal solution! Oh well.
VR

 

[Braveheart]

Braveheart, FWIW, I saw your post on thisa couple days ago, and thought YES, this is what the Fed needs to do. After all, anyone can see that our markets move according to the price of oil! The biggest problem now is the high price of oil, and the current Fed. rate is directly related to the [super] weak dollar. Its not the cause of all our problems in equities, but our currency value is a major factor in this, and other world markets and their currencies. Solve the oil (price) problem, & the rest fixes itself!!

How? by the .50 rate increase, suggested!! The oil bubble would have burst! IMO, the .50% hike you suggestested would likely have spanked the market, shorterm, but with oil's immediate retreat, the troubled equity markets would have quickly recovered. But L2R is right, Ben's in bed with big oil, financials, (and, well, lets just say it straight out) -ignorant politicians. I liked the .50 cal solution! Oh well.
VR

One has to wonder where do we go from here Hession the only way to kill this in it's tracks would be for Ben to step up and raise rates in an Emergency Fed Meeting this weekend. It would look like a panic move and it should because the ECB is going to kill us next week if they raise rates. At least beat them to the punch and at the same time the speculators would take a beating overnight. I would rather see the Market at 10,000 and on it's way to recovery with a strong dollar and Oil below $100. Right now anyone with an IQ above GW & Ben knows we can't wait 2 months or until next year. They should raise it .50 immediately and also announce that more is to come depending on how the Market outlook is. JMO

 

[luv2read]

They should never have cut rates OR bailed out BSC, but you can't take back what's been done. They can undo the rate cuts by raising rates, but the damage has been done and THAT can't be undone. Income, savings, homes, and jobs are gone for a lot of people, and can't be replaced for many of them.

 

[Gumby]

Originally Posted by Braveheart
The Fed got it wrong and should have raised rates either way the market would take a hit but the dollar would gain and Oil would be lower. He just gave the big boys 2 free months to run up the price.


Truer words have never been spoken. Yes, the market would have taken a hit but it was going to happen anyway. $150 oil is now a sure bet. The big boys will make more billions in the next few months at the expense of the small guy.

 

[Rustynutt]

Looks like G fund got a full penny today.

For an outfit that thinks they are so smart, a decent programmer would have left the initial display to read 2 decimal points, with a simple overlay of the mouse cursor displaying 4 places.

It a PITA to read this way. What do they think we are, accountants?

 

[luv2read]

and what was the point of going to 4 decimal places if they are continuing to pay the whole penny? All of the information in the minutes, rule and on TSP.GOV said G Fund would be paid daily to 4 decimal places....oh well, by their accounting .5100 is paying to four decimal places - but daily? Let's see...so we are going to get .5100 a day? I better get my IFT done!

 

[Gumby]

and what was the point of going to 4 decimal places if they are continuing to pay the whole penny? All of the information in the minutes, rule and on TSP.GOV said G Fund would be paid daily to 4 decimal places....oh well, by their accounting .5100 is paying to four decimal places - but daily? Let's see...so we are going to get .5100 a day? I better get my IFT done!

I believe that did that because a full penny was due to be paid since it had been about a week since the last payout. I anticipate the fractional penneys to start showing up this week.

 

[luv2read]

and so they have.:toung:

 

[presskh]

and so they have.:toung:

And so ends my periodic updates on projected G fund paydays. It's really better this way, in my opinion.

 

[Guest2]

And so ends my periodic updates on projected G fund paydays. It's really better this way, in my opinion.

But wouldn't the price fluxuate just the same as it has all along.
In other words. Will it take 6 days, will it take 5 days, based on
a rate that periodically changes. Preekh, I for one, always kept
an eye out for your updates. Until we become more familiar with
with the 4 digit system, would you share your penny predictions
with us, just a little bit longer? :embarrest:

 

[presskh]

But wouldn't the price fluxuate just the same as it has all along.
In other words. Will it take 6 days, will it take 5 days, based on
a rate that periodically changes. Preekh, I for one, always kept
an eye out for your updates. Until we become more familiar with
with the 4 digit system, would you share your penny predictions
with us, just a little bit longer? :embarrest:

Bear,

As I understand it, there will no longer be any even penny payouts. The payout in the G Fund will be on a daily partial-penny basis, rather than "saving up" for a week or so. Now, since they are only showing 4 decimal places on the TSP website and the payout is actually calculated to 10 decimal places, there may be a very slight adjustment every so often to bring the website price in line with the calcs, but it's not worth worrying about.

 

[saturneptune]

Maybe someone can answer this, as I do not understand the day to day returns of the G fund. If it takes 4-6 days for one penny, why did the daily rate just go up .1 yesterday? One would think it would be .2+ or so. Does it flucuate day to day? Does it go up on weekends? Thanks for any response.