G Fund

[350zCommTech]

The penny should pay again on Monday.

Just a reminder.

 

[HAILSTORM]

Just chilling today, waiting for my shiny penny...:cheesy:

 

[qibovin]

FYI for those with the fancy spreadsheets, the loan interest rate for this month just went down from 4.75 to 4.625%

 

[350zCommTech]

FYI for those with the fancy spreadsheets, the loan interest rate for this month just went down from 4.75 to 4.625%

Thank you,

The penny should pay again next Monday.

 

[350zCommTech]

The penny paid on the following dates:

• Thursday 3-22
• Wednesday 3-28
• Wednesday 4-4
• Tuesday 4-10
• Monday 4-16
• Monday 4-23
• Monday 4-30

When the loan rate was previously 4.625% Tom estimated that the penny was paying every 6.3 to 6.5 days and that it would pay on Thursday for a few weeks and then switch to Wednesday. Since it has already paid on Monday for three weeks in a row, isn't there a good chance that the pattern will now switch to Friday?

Yes, but not yet. Since the rate was lowered, the change in the pattern will come just a tad later.

 

[qibovin]

The penny paid on the following dates:
...Since it has already paid on Monday for three weeks in a row, isn't there a good chance that the pattern will now switch to Friday?

Yes, but not yet. Since the rate was lowered, the change in the pattern will come just a tad later.

Also, while perhaps relatively miniscule, don't forget that as the share price of the G fund increases, it will gradually take a smaller percent gain to add a penny.

 

[350zCommTech]

FYI for those with the fancy spreadsheets, the loan interest rate for this month just went down from 4.75 to 4.625%

You didn't see the change on Tuesday, right? Just making sure.

Thanks,

 

[qibovin]

You didn't see the change on Tuesday, right? Just making sure.

Thanks,

I didn't actual look on Tuesday, but in the past, the rate hasn't changed (on the website anyway) until 1-2 days into the month.

 

[tsptalk]

The penny paid on the following dates:

• Thursday 3-22
• Wednesday 3-28
• Wednesday 4-4
• Tuesday 4-10
• Monday 4-16
• Monday 4-23
• Monday 4-30

When the loan rate was previously 4.625% Tom estimated that the penny was paying every 6.3 to 6.5 days and that it would pay on Thursday for a few weeks and then switch to Wednesday. Since it has already paid on Monday for three weeks in a row, isn't there a good chance that the pattern will now switch to Friday?

The switch from Monday to Friday takes longer because the return is based on daily fractions that include Saturdays and Sundays.

 

[350zCommTech]

I have the G penny paying again next Monday, but it's very close. So, there is a slight chance that it'll pay this Friday. I would rate it as 80% chance Monday and 20% chance Friday.

It doesn't really matter for me since I will be in the G fund for both Friday and Monday. I'm expecting some profit taking on Friday/Monday and the F fund is not worth the gamble because of possible weak retail sales and higher PPI.

 

[tsptalk]

I haven't done the math yet but from what you are saying, it sounds like the penny will then be paid again on the following Friday (5/18) for sure.

 

[350zCommTech]

I haven't done the math yet but from what you are saying, it sounds like the penny will then be paid again on the following Friday (5/18) for sure.

Yes.

 

[350zCommTech]

The G penny will pay this Friday.

 

[budnipper1]

The G penny will pay this Friday.

uhhhh...I meant Monday....did I say Friday??? jk

 

[nnuut]

Where the HELL is CARNAC when you need him?

 

[ATCJeff]

Where the HELL is CARNAC when you need him?

He's been comatose for a month or two. Too many Margaritas!

 

[nnuut]

He's been comatose for a month or two. Too many Margaritas!

Time to get off of the sauce, I don't want to miss another "G" PENNY!!!!

 

[jayhawker]

I haven't done the math yet but from what you are saying, it sounds like the penny will then be paid again on the following Friday (5/18) for sure.

What's it look like for the next penny? Friday or Monday?

 

[Gilligan]

What's it look like for the next penny? Friday or Monday?

You can rule out Monday, its Memorial Day.

 

[tsptalk]

I'm 95% sure it will be Friday this week. Definately not next Monday (or Tuesday/holiday Monday) but maybe a 5% chance for Thursday.

Also, with the way bond yields are rising, I wouldn't be surprised to see the loan rate (G fund rate) go back to 4.75% in the next few days, from the current 4.625%.