Hockeyfreak's Account Talk

[Hockeyfreak]

Ok, here's my talk! Listened to my new financial adviser last month and went 35% C, 40% I, 15% S, and 10% G. Ouch. That kind of spurred me to use this account board I signed up for last year and never really looked at. Got to be a better way. Hoping for a rebound soon!!

 

[Hockeyfreak]

One more thing, is there a good thread or post that describes the inner workings of the TSP? Like buying prices, shares and such? I've seen people talking about they got paid on certain days, and buying was at XX.XX, and someone else got paid days earlier and it was at XX.XX. How do you control something like that, especially with the IFT rules now. Can you always switch your purchases, and when would you do that to time it for your next contribution?

 

[Birchtree]

From my years of perspective your financial adviser has you in an excellet diversified position - dump that G and add to your C while the pricing is a bargain - these prices won't last.

 

[Birchtree]

Normally your contribution date depends on your Agency - and they all vary.

 

[Hockeyfreak]

From my years of perspective your financial adviser has you in an excellet diversified position - dump that G and add to your C while the pricing is a bargain - these prices won't last.

That's good to hear, I was really getting upset due to the last 3 days. I guess at my level I'm not really seeing the BIG picture. Would this be an aggressive position, or conservative one?

 

[Birchtree]

Rather conservative but well diversified - a more aggressive position would be in the vicinity of a 100% position. I'm currently 68% C and 32% I and paying the price for my buy and hold strategy - but the next up move can come with a vengence especially with the new naked short rules tomorrow - the rules have always been there but not enforced until tomorrow and there are over 18 billion shares out short - to me that is pure bull manure stink and rocket fuel. Snort.

 

[nnuut]

BOOGA BOOGA where is the BOTTOM?

 

[Birchtree]

Nnuut,

Don't you realize you are standing on it. Look up and see how far you are from the top.

 

[justbizness45]

Hockeyfreak, welcome to the party!! Lots of good advice on this MB. I try to read it all, weigh it and go with what feels right to me. There are several very savvy contributors on this site. Good luck, JB45

 

[alevin]

I've seen people talking about they got paid on certain days, and buying was at XX.XX, and someone else got paid days earlier and it was at XX.XX. How do you control something like that, You can't control what day you get paid, that's up to your agency, but they are consistent and predictable in my experience. Look at your paysheet or your bank statement, it will tell you what date you last got paid, then figure the next paydates will be the same day of the week, 2-week intervals-assuming you get paid biweekly.

Can you always switch your purchases, YES, you can. Get familiar with your agency's procedures for making changes to your pay and TSP allocations. HR dept. is your first stop for getting questions answered.

If they've set you up with a self-service website for these things, you'll need to get set up with a password for access if you don't have one yet. Hope I'm not insulting you with such basics. From the questions, hard to tell.

and when would you do that to time it for your next contribution?

However the protocol-direct contact with HR or self-service, there is a form to fill out. The form asks what payperiod you want the changes to go into effect. Which means you need to know what pp you're in currently and how close you are to the next paydate, what day of the week your pay hits the bank each pp, and decide how close the desired paydate for the change is. If its tomorrow you might be too late, if it's within the next few days, you're probably good. If more than one pp away, the change will definitely be made timely. Hope that helps. GL.

 

[Hockeyfreak]

However the protocol-direct contact with HR or self-service, there is a form to fill out. The form asks what payperiod you want the changes to go into effect. Which means you need to know what pp you're in currently and how close you are to the next paydate, what day of the week your pay hits the bank each pp, and decide how close the desired paydate for the change is. If its tomorrow you might be too late, if it's within the next few days, you're probably good. If more than one pp away, the change will definitely be made timely. Hope that helps. GL.

No insult taken. PP closes on Saturdays, most people in my agency (FAA, ATC) get paid on Tuesday 10 days later, but my CU posts it the following Friday, 6 days later. Would it be the end of PP or the normal posting date of the paycheck? Also, wouldn't the TSP website be the place where you change your allocations for new contributions? I'm sure there's a cutoff for which pay period it would take affect though. Any other ATC guys have any knowledge of how the FAA handles it?

Anybody hear the doom and gloom news on some of the talk shows of being on the verge of another depression? I won't even pretend to know the predictors of something like that, but I'm sure bank failures and mega corporations bankruptcies would be involved. Any comments on this?

 

[alevin]

It would be the date it posts to your account, ie the Tuesday, altho I just remembered something I learned myself this year. It's actually a different day of the week yet that they put it in your account, not the same day paycheck hits your account, and definitely not the Saturday. Don't recall how I figured that out, will go back and do some research today.

Also, TSP is where you can do IFTs, and yes make changes to where new contributions are allocated, altho those are 2 different subcategories on TSP. And the allocation change to new contribs would take place w/in 2 days, but of course would show up in the nearest pp, based on what day of the pp they put it your account

If you want to change the $amount of your biweekly new contribs, tho, you'd do that on your payroll HR site-thats what I was talking about when I said know your paydate and which pp you're in.

 

[Hockeyfreak]

Could someone please give me some insight to the auto tracker? When I click on "Member Returns", what is that showing me? Amount in $ isn't the balance of your TSP is it? I can't find anywhere to input that if it's needed, and I'm really not sure I would want to. Is this where I would gather info if I trusted someone, or wanted to emulate someones moves, as opposed to using a premium service (not that I will, just asking)?

Thanks!

 

[Hockeyfreak]

It would be the date it posts to your account, ie the Tuesday, altho I just remembered something I learned myself this year. It's actually a different day of the week yet that they put it in your account, not the same day paycheck hits your account, and definitely not the Saturday. Don't recall how I figured that out, will go back and do some research today.

Also, TSP is where you can do IFTs, and yes make changes to where new contributions are allocated, altho those are 2 different subcategories on TSP. And the allocation change to new contribs would take place w/in 2 days, but of course would show up in the nearest pp, based on what day of the pp they put it your account

If you want to change the $amount of your biweekly new contribs, tho, you'd do that on your payroll HR site-thats what I was talking about when I said know your paydate and which pp you're in.

I think I've got it. The actual instructions to deposit $XXXX.XX in someones bank account occurs Thursday night (5 days after end or PP) to all banks, and are instructed to do it the following Tuesday morning. Most banks do as instructed, but my CU does it immediately as a courtesy (& to gain business) almost as if they're loaning you the money for no fee for 5 days. My allocation instructions must be send by Wednesday for TSP to know how to distribute that money when they get their allotment Thursday night (the same time as the banks). If I'm wrong, let me know.

 

[Guest2]

HAPPY
BIRTHDAY
HockeyFreak
​

 

[Hockeyfreak]

Thanks! 5% gain was a pretty good bday present!

 

[FUTURESTRADER]

Could someone please give me some insight to the auto tracker? When I click on "Member Returns", what is that showing me? Amount in $ isn't the balance of your TSP is it? I can't find anywhere to input that if it's needed, and I'm really not sure I would want to. Is this where I would gather info if I trusted someone, or wanted to emulate someones moves, as opposed to using a premium service (not that I will, just asking)?

Thanks!

No, everyone starts with a hypothetical $10,000. The percentage is the true measure of performance. "Members Standing and Allocation" to see ytd performance, then you can click on each member to see when and where they made their IFTs.

 

[Birchtree]

Beep, Beep, turtle coming through.