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GREECE SITUATION AND S AND I FUND
- Thread starter prudence
- Start date
wvango
TSP Strategist
- Reaction score
- 5
Someone already answered this question earlier.. But once you make an IFT and move your money, you will lock in a gain or loss depending on what you bought in for. Everyone has their own risk factor. You just have to figure out what yours is. If you have a lot of time left till retirement, you may want to consider riding it out, thus not locking in a loss. If you are getting ready to retire, you may want to move it to safety to protect yourself. But again this is decided on your own risk tolerance.
pmaloney
TSP Analyst
- Reaction score
- 22
Hopefully someone more experienced will reply. If your young and have a long time you can afford losses because they will come back eventually. However, even though we are down 1% today on Greece there is more happening like the China bubble bursting and falling down more than 20% and Puerto Rico defaulting so it doesn't hurt to get out and go to G occasionally if you see the market going down regularly but don't stay out too long unless you hear that the market is correcting badly like in 1987 or 2007. Good Luck!
FAAM
TSP Strategist
- Reaction score
- 117
Note, "prudence" per the Dictionary: "wisdom with regard to practical matters/ cautiousness; circumspection/ provident care in the management of resources".
IMHO when the market risks look especially large and likelihood of a big-gain in equities is significantly lessened, one who is invested can stay in and just "go for it", or can decide to sell for more safety and "lock in a lesser loss" rather than wait & likely suffer a much more significant loss. Wish I had thought that when I was DCA'ing to C-fund all through the 90's through the 2000-2001 DotCom bubble pop -- I took a huge hit on TSP balance. Yes I kept DCA'ing fully into C-fund & rode it all the way up till May 2007 when I pulled about 60% out of TSP Equity funds to more safety; saved a bunch that time & reinvested (more timidly) on the way to now (closer to retirement). If I had done the same in 2001 I would have locked in some losses though not near what I actually lost - and if I bought back in LONG at the better prices, I'd have about a third more in my TSP balance than I do now, or more.
You have to live with your choice. Good Luck!
IMHO when the market risks look especially large and likelihood of a big-gain in equities is significantly lessened, one who is invested can stay in and just "go for it", or can decide to sell for more safety and "lock in a lesser loss" rather than wait & likely suffer a much more significant loss. Wish I had thought that when I was DCA'ing to C-fund all through the 90's through the 2000-2001 DotCom bubble pop -- I took a huge hit on TSP balance. Yes I kept DCA'ing fully into C-fund & rode it all the way up till May 2007 when I pulled about 60% out of TSP Equity funds to more safety; saved a bunch that time & reinvested (more timidly) on the way to now (closer to retirement). If I had done the same in 2001 I would have locked in some losses though not near what I actually lost - and if I bought back in LONG at the better prices, I'd have about a third more in my TSP balance than I do now, or more.
You have to live with your choice. Good Luck!
Last edited:
PessOptimist
Market Veteran
- Reaction score
- 67
You don't post very often. Just an observation.
No one here will advise you about moving funds or not. I know, no help.
About your statement "I heard when a person moves his or her money they lose a lot of money". There are so many variables involved that I personally don't see how anyone could make a blanket statement like that unless it was from experience about some bad move they made personally.
First of all do you understand the IFT process? Apparently so based on past posts as your allocations have changed since your 2008 posts. On 10/24/2008 you said “I have been working for the government for 19 years and I look forward to chatting with you sometime.” So now you have 26 years or so. Congrats. Today you state “Thank you I have several years to go. I know I have to decide if I want move my money.”
All the below is based on if you had an IFT by noon today to make the change at today’s closing prices. No one knows what they will be tomorrow.
I fund closed today at $25.9757 per share. The last time I fund was below that was April 2[SUP]nd[/SUP] at $25.8793. If you transferred your funds out of I you only set your profit on I fund back to April 2[SUP]nd[/SUP].
S fund closed today at $37.9026 per share. The last time S fund was below that was May 7[SUP]th[/SUP] at $27.7665. If you transferred your funds out of S you only set your profit on S fund back to May 7[SUP]th[/SUP].
The way you lose “a lot of money” is if you transfer your I and S funds to G and don’t transfer back until I or S fund costs more than the day you transfer funds out.
Best of luck to you and post something more often than every six years so we know you exist.
PO
burrocrat
TSP Talk Royalty
- Reaction score
- 162
here is all there is needed to know about the greece situation:
on one hand the greeks are a proud and independent people, the cradle of democracy and civilization. while they stand unashamedly with their other hand out begging for assistance. they cannot live within their means but it is not fair to treat them poor even though they are poor and depend on others to finance their bills and it is inhumane to just the throw bums out on the street. also, if they are thrown out on the street they will quit paying even a portion of the interest on their loans, so there are still a few pennies left yet to squeeze out of them, and bankers love squeezing.pennies.out of folks, it's their job.
here is the mexican standoff part: the bankers have to have conditions where they can squeeze out a few pennies so austerity must happen, the greek politicians cannot throw the greek people under the austerity bus anymore without losing their jobs and pennies, and the greek people will not vote to leave the euro because they know they cannot afford it on their own without free eurozone pennies.
greece will be brought to its knees and taught a lesson you lazy insolent jerks, but they will get some more pennies in exchange for even more austerity, after they kneel. you don't kill a country with commandos anymore, you kill them with kroner. kroner by the way is derived from kronos (time) and the interest clock on debt never stops ticking, time really is money.
this will all pass and a new arrangement for servicing debt will be reached sooner or later, because that keep the interest payment pennies rolling in and you still got the gloved fist principal balance clamped tightly on their neck (yay bankers!).
the only drama here is how much drama will happen before the inevitable solution? the greek people must yield to austery or perish, easy choice when atm's are empty. it won't be the politicians fault because it was the greek people that voted for the referendum. and the bankers still get to squeeze pennies, that makes them happy.
the question then becomes 'how can i time and play this chaos to squeeze a few extra pennies for my tsp account?' that is the game here. watch and see. it is an old story.
if you are a bankwalker, the day to get in is thursday. then forget about it until monday and see if the jackpot hit or if you lost your bet. the only potential hitch in the git along is what the people will do, when you put folks under pressure like that they become unpredictable and irrational, and bankers hate unpredictability. high times and high crimes, there is a lot of money at stake, good luck, may you always hit on the river.
on one hand the greeks are a proud and independent people, the cradle of democracy and civilization. while they stand unashamedly with their other hand out begging for assistance. they cannot live within their means but it is not fair to treat them poor even though they are poor and depend on others to finance their bills and it is inhumane to just the throw bums out on the street. also, if they are thrown out on the street they will quit paying even a portion of the interest on their loans, so there are still a few pennies left yet to squeeze out of them, and bankers love squeezing.pennies.out of folks, it's their job.
here is the mexican standoff part: the bankers have to have conditions where they can squeeze out a few pennies so austerity must happen, the greek politicians cannot throw the greek people under the austerity bus anymore without losing their jobs and pennies, and the greek people will not vote to leave the euro because they know they cannot afford it on their own without free eurozone pennies.
greece will be brought to its knees and taught a lesson you lazy insolent jerks, but they will get some more pennies in exchange for even more austerity, after they kneel. you don't kill a country with commandos anymore, you kill them with kroner. kroner by the way is derived from kronos (time) and the interest clock on debt never stops ticking, time really is money.
this will all pass and a new arrangement for servicing debt will be reached sooner or later, because that keep the interest payment pennies rolling in and you still got the gloved fist principal balance clamped tightly on their neck (yay bankers!).
the only drama here is how much drama will happen before the inevitable solution? the greek people must yield to austery or perish, easy choice when atm's are empty. it won't be the politicians fault because it was the greek people that voted for the referendum. and the bankers still get to squeeze pennies, that makes them happy.
the question then becomes 'how can i time and play this chaos to squeeze a few extra pennies for my tsp account?' that is the game here. watch and see. it is an old story.
if you are a bankwalker, the day to get in is thursday. then forget about it until monday and see if the jackpot hit or if you lost your bet. the only potential hitch in the git along is what the people will do, when you put folks under pressure like that they become unpredictable and irrational, and bankers hate unpredictability. high times and high crimes, there is a lot of money at stake, good luck, may you always hit on the river.
Last edited:
FogSailing
Market Veteran
- Reaction score
- 61
Burro...IMHO: you nailed it. While China and Puerto Rico (and other unknowns - they always peek their nose out when we think we know everything) can throw some wrenches into the works this week... I think you've summed it up perfectly. The question for everyone will be how much risk they are comfortable with when they jump in on the buying opportunity. Thanks for your thoughts.
FS
FS
burrocrat
TSP Talk Royalty
- Reaction score
- 162
ha ha, tsipras is a funny little boy. greece cannot thumb its welfare nose at the e union for years, then pretend to negotiate without actually negotiating, then threaten to put the vote to the people, then kiss hiney when atm's stop doling out other folks' cash, then turn right around and say no again. silly rabbit.
the banker's will never let themselves be played like that. greece just bought themselves a few extra days of pensioners standing in line for rice and mudhut cash from the machine. what a dumbass.
the banker's will never let themselves be played like that. greece just bought themselves a few extra days of pensioners standing in line for rice and mudhut cash from the machine. what a dumbass.
burrocrat
TSP Talk Royalty
- Reaction score
- 162
the secret to the grexit negotiations threat is that greece has nothing to bring to the table, no positive to offer, only two versions of negative. they basically are saying we can be a small thorn in your side (keep the welfare coming) or we can be a big thorn in your side (we're not paying you back).
the bankers do not believe the greek politicians because they promise to jump 6' high, then they come back and say that is too high i can only jump 3' high, then when it's time to jump they barely are able to execute a little shuffle hop while leaning on their pensioner cane. the bankers have drawn the red line, and they are serious, they have already compartmentalized the risk and can accept and have contingencies for whichever thorn in their side greece decides to be.
the troika has no faith in the greek gov so let the people decide. the people must accept drastic austerity such that the politicians cannot waiver on the commitment, or else they can go there own way. grandmas in line at the empty atm machines and behind on food and utility payments is a major motivator. a few more days of this and society will begin to crumble and it will revert to rocks and sticks. the bankers are doing nothing until after the people vote, as it should be. you don't skewer a bug with a stick unless you want to see them squirm.
i think the greeks will tough up to chaos on the ground and stick together and say no to austerity, threating the bankers that they will hold their breath until they turn blue and the welfare master have to give them some more free air. and i think the bankers are sitting comfy in their leather chairs laughing, hell hold your breath until you turn purple why stop at blue?
i am not touching this market. this is an end game and i am not getting caught in the middle. i am out and staying out.
the bankers do not believe the greek politicians because they promise to jump 6' high, then they come back and say that is too high i can only jump 3' high, then when it's time to jump they barely are able to execute a little shuffle hop while leaning on their pensioner cane. the bankers have drawn the red line, and they are serious, they have already compartmentalized the risk and can accept and have contingencies for whichever thorn in their side greece decides to be.
the troika has no faith in the greek gov so let the people decide. the people must accept drastic austerity such that the politicians cannot waiver on the commitment, or else they can go there own way. grandmas in line at the empty atm machines and behind on food and utility payments is a major motivator. a few more days of this and society will begin to crumble and it will revert to rocks and sticks. the bankers are doing nothing until after the people vote, as it should be. you don't skewer a bug with a stick unless you want to see them squirm.
i think the greeks will tough up to chaos on the ground and stick together and say no to austerity, threating the bankers that they will hold their breath until they turn blue and the welfare master have to give them some more free air. and i think the bankers are sitting comfy in their leather chairs laughing, hell hold your breath until you turn purple why stop at blue?
i am not touching this market. this is an end game and i am not getting caught in the middle. i am out and staying out.
FogSailing
Market Veteran
- Reaction score
- 61
Unfortunately Burro, I see it in about the same way. I don't believe the EU will lend more money unless Greece pays it's bills. The interesting side issues in this are Russia's and China's next moves. There are strategic interests playing out here that could undermine the US, the EU, and NATO. But, even given that... I still don't see the Greeks getting more money unless they align with either Russia or China. I'm on the Lily Pad right now.
FS
FS
WorkFE
TSP Legend
- Reaction score
- 516
Come on Prince, Greece is only right across the Mediterranean Sea.
Saudi Prince to give away $32B fortune
Saudi Prince to give away $32B fortune
burrocrat
TSP Talk Royalty
- Reaction score
- 162
well, today is the day the world gets to see firsthand what happens when you run out of other people's money to spend. i'm not sure only a few days of soup lines was enough to convince the greeks that they are broke. they seem to think europe needs them and will keep paying them to hang around on the teat. but the prospect of going it on their own is even worse as they know they can't pull their own weight, too many people in the wagon and not the harness. it is sad, but necessary, soon they will turn on themselves with rocks and sticks. the old pensioners who were promised more than can be delivered against the young who cannot find room for opportunity because the pensioners are sucking up all the resources. and everybody against the politicians and bankers. why are they doing this to us, boo hoo, you did it to yourselves. riots and fires and austerity in the streets. let the hunger games begin.
we should pay attention and take notes, there is a valuable lesson here.
we should pay attention and take notes, there is a valuable lesson here.
Shamus13
Market Tracker
- Reaction score
- 4
Sounds like their first form of new income.... Charge to watch the riots, calamity & collapse of humanity. I bet some will even pay to play. This is the sad direction our world is going.
While I feel the majority of the world is still caring & humane... the minority (media, public figures, and "brave" internet trolls) push hate and discontent so much that we are starting to forget who we really are.
Oh, if this offends you then I am speaking to you, FYI.
