G Fund

[Sunnyskies]

Here's a newbie question -- Let's say the penny pays tonight. If an IFT is entered today before noon, does the account get tonight's penny? Or does the IFT need to be postponed until tomorrow before noon?

 

[VirginiaBob]

Here's a newbie question -- Let's say the penny pays tonight. If an IFT is entered today before noon, does the account get tonight's penny? Or does the IFT need to be postponed until tomorrow before noon?

Neither, you would have had to IFT yesterday before noon to get today's penny. If the penny pays today, and you do an IFT to the G today, you will buying the G fund at the increased COB price. So if the G-fund penny strategy is part of your plan, you should be selling all of your G-fund today before noon and putting it in F,C,S,and/or I. All assuming the penny pays today.

 

[weatherweenie]

Here's a newbie question -- Let's say the penny pays tonight. If an IFT is entered today before noon, does the account get tonight's penny? Or does the IFT need to be postponed until tomorrow before noon?

If the penny pays today, you would have to be in the G fund today.

If you transfer into the G fund before noon today, your money doesn't go into the G fund until tomorrow.

 

[qibovin]

The loan interest rate on the TSP site is now listed as 4.750%. Did anybody notice when it went up from 4.625% that they posted Jan 1?

Craig

I believe it was over the weekend, possibly late last week, that I checked the rate which was still showing 4.625%. I also noticed the change for the first time yesterday. I expected that there would be a delay in the posting of the new rate, which I believe is what we are seeing here, because of the very short week last week, etc. I have noticed this delay in the past as well. I don't normally expect to see the new monthly rate posted on TSP.gov on the first day of the month, but I'm curious as to whether the "old" rate would "process" if one were to actually apply for a loan during this brief limbo period. I doubt it. Although it refers to the loan amount and not the rate, specifically, the webpage does include the following disclaimer: "This amount may be different when you apply for a loan because your account balance is recalculated each business day based on the daily share prices."

 

[The_Technician]

To answer your question Nnuut....it could come as early as tomorrow, but I'm putting more stakes on the 10th....we seem to be going thru another rate adjustment so its sort of taking redirected change of pattern....and it looks like it has a trend to be a little delayed....

That was early, so I'm betting on the next one to be a bit early also...but that day is a holiday, so its Tuesday for the next increase....

 

[mlk_man]

That was early, so I'm betting on the next one to be a bit early also...but that day is a holiday, so its Tuesday for the next increase....

Hey, nobody's perfect...........................

 

[VirginiaBob]

My guess is it will increase COB Tuesday, so if you want it, buy G-fund Friday and sell Tuesday.

 

[Gilligan]

The loan interest rate on the TSP site is now listed as 4.750%. Did anybody notice when it went up from 4.625% that they posted Jan 1?

Craig

I noticed the rate change on the 3rd.

 

[ebbnflow]

When is the next G-penny?

 

[The_Technician]

When is the next G-penny?

Its either Monday or Tuesday....sorry for the inaccuracy....its a "G" thing....

 

[VirginiaBob]

My best guess is the G-Fund will be up at COB Mon (22nd). My alternate is COB Tuesday (23rd). So if you want it, buy today. If you want to be 99% sure you are getting it, sell Tuesday. If you want to take a minor risk, sell Monday.

 

[350zCommTech]

My best guess is the G-Fund will be up at COB Mon (22nd). My alternate is COB Tuesday (23rd). So if you want it, buy today. If you want to be 99% sure you are getting it, sell Tuesday. If you want to take a minor risk, sell Monday.

My guess is also for the G to pay at COB Monday.

 

[ebbnflow]

Then Monday it is! Thanks.

 

[The_Technician]

That was early ....as the previous increase......I'm looking for Monday after the 28th for the next increase....

 

[VirginiaBob]

My guess is the G-fund will increase COB Friday the 26. My second guess is COB Monday the 28.

 

[350zCommTech]

That was early ....as the previous increase......I'm looking for Monday after the 28th for the next increase....

I'm with Tech on this one. I'm guessing it's going to pay on Monday, 1/29.

 

[mlk_man]

Two techs don't make a right..............

 

[Fivetears]

Been paying every 5th working day for the last couple weeks; falling on Mondays lately.

My guess is the G-fund will increase COB Friday the 26. My second guess is COB Monday the 28.

 

[VirginiaBob]

Been paying every 5th working day for the last couple weeks; falling on Mondays lately.

you are probably right, but I just have that gut feeling it is paying COB Friday, so I'm sticking to my guess. I'm not saying I'm right though.

That said, the market looks to be establishing a cyclical pattern that started around Dec 11, so I don't feel bad about being out of stocks both Friday and Monday since we just had a couple of up days. Of course, with my luck, the market will be up 5% on Friday.

 

[Fivetears]

Not very likely VB. You made a good personal call, Sir. Well Done.

... Of course, with my luck, the market will be up 5% on Friday.