I caught the end of a radio interview...

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nnuut said:
You talk about excess!!!!! I have made more transfers than anyone and still am beating all but the "I" fund! Tell him to shut his big mouth unless he has the data to prove it! DUH!:D
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Same here, Nut (transfers and all but the "I"), but we have all seen that those in charge management of anything can and will manipulate or mis-quote the data in their favor, enough to sway public opinion, until they get caught.
 
Someone wrote me yesterday and had this to say. I thought it was worth passing on...

What you should avoid at all costs is letting Amelio's (or any other) opposition to grow unchallenged, because this feeds on itself, and they could attempt to curtail the most elementary resources that we have to manage our funds intelligently by networking on the TSPtalk site. The buy-and-hold idea is Wall Street's way of keeping the money managers receiving investment moneys, and maintaining a monopoly on trades.
 
I just listened to the interview. I agree with everyone here that he is not looking at the right facts. Plus, the only example he used were those 146 (I was surprised at how little) people doing IFT's more than twice a week for the first year. I like FundSurfer's idea of checking the results of people trading more than 12 times a year. That would be a more accurate picture of what people on this and other TSP sites are doing.
 
It sounds like his data was taken one year after the June 2003 record system change so that would have been June of 2004. We were only online for 6 months at that time. I'm not sure we even had 146 members then. :)
 
tsptalk said:
Someone wrote me yesterday and had this to say. I thought it was worth passing on...

What you should avoid at all costs is letting Amelio's (or any other) opposition to grow unchallenged, because this feeds on itself, and they could attempt to curtail the most elementary resources that we have to manage our funds intelligently by networking on the TSPtalk site. The buy-and-hold idea is Wall Street's way of keeping the money managers receiving investment moneys, and maintaining a monopoly on trades.
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So what can we do to challenge Amelio?
 
atcsat64 said:
So what can we do to challenge Amelio?
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As a start, how about a few [few hundred that is :)] well written, nonaccusitory emails to Mike Causey? mcausey@federalnewsradio.com Mike makes it quite clear that he is not a big fan of TSP websites.

We could ask what current data leads them to believe all/most active accounts are losing money; Where they got their data; If he agrees with Mr. Amelio that believe these sites should be shut down; We could ask if they know of an alternative source for educating TSP participants. etc., etc.

I don't want to ruffle too many feathers as I like the changes that have been made to the TSP recently. We just want them to know that these websites are helping, not hurting.
 
On another note to that interview, I was surprised to hear that there are many different proposals to new funds being added to the TSP. I was hoping that he'd mention an emerging markets fund, but he kept talking about the gold and dot com proposals a while back. Amelio did mention that there are a few fund proposals on the table for SRI (socially responsible investing) and some green planet type funds.
 
tsptalk said:
As a start, how about a few [few hundred that is :)] well written, nonaccusitory emails to Mike Causey? mcausey@federalnewsradio.com Mike makes it quite clear that he is not a big fan of TSP websites.

.

We could ask what current data leads them to believe all/most active accounts are losing money; Where they got their data; If he agrees with Mr. Amelio that believe these sites should be shut down; We could ask if they know of an alternative source for educating TSP participants. etc., etc.


I don't want to ruffle too many feathers as I like the changes that have been made to the TSP recently. We just want them to know that these websites are helping, not hurting.
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I agree, Tom, they have come a long way with one day delay, the incomparable G fund, and no comission trading.
I think it is fear of the unknown that makes them dismiss seeking the knowledge or putting forth the effort to manage one's own funds. One definitely has to use caution as to who or what to trust. Amelio mentioned in the interview how risk averse his Dad was. It's not his Dad's world anymore :)
Amelio did criticize us traders as trying to time the U.S. funds based on the International market of the previous day, which seems like, if anything, he has it completely backwards
Only thing that still get's my goat is them not being forthcomming with a FV formula for the I fund. There's got to be a formula or some method of formulation that Barclays and the TSP board agreed on.
 
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There may be some behind the scenes pressure being applied from the private mutual fund sector. They can no longer time there funds on a daily basis - they must wait a specific period of time - 7 days, 15 days, 30 days. TSP has yet to recind their daily timing policy but I'm sure the objective will be to eventually fall into line with the rest of the industry. Sorry, just the way I see the politics.
 
FUTURESTRADER said:
Only thing that still get's my goat is them not being forthcomming with a FV formula for the I fund. There's got to be a formula or some method of formulation that Barclays and the TSP board agreed on.
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For the bazillionth time.

1) TSP has nothing to do with FV. Barclays makes those decisions alone and those decisions effect way more people than just TSPers.

2)They are never going to be "forthcoming" as you say. The whole point is for you not to know.
 
Birchtree said:
There may be some behind the scenes pressure being applied from the private mutual fund sector. They can no longer time there funds on a daily basis - they must wait a specific period of time - 7 days, 15 days, 30 days. TSP has yet to recind their daily timing policy but I'm sure the objective will be to eventually fall into line with the rest of the industry. Sorry, just the way I see the politics.
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I think the difference between TSP and standard mutual funds is the G fund. At any given time TSP has 30% plus in the G fund which gives us the cash for trading. That is billions and billions of cash on hands that mutual funds simply do not have. It makes trading and settlement date stuff relatively easy. Amelio actually touches on this.
 
tsptalk said:
As a start, how about a few [few hundred that is :)] well written, nonaccusitory emails to Mike Causey? mcausey@federalnewsradio.com Mike makes it quite clear that he is not a big fan of TSP websites.

We could ask what current data leads them to believe all/most active accounts are losing money; Where they got their data; If he agrees with Mr. Amelio that believe these sites should be shut down; We could ask if they know of an alternative source for educating TSP participants. etc., etc.
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If anyone wants to write a template that we can all sign and email, that would be great. If we can show Mr. Causey that many of his readers are actually in favor of active and semi-active participation, he may change his tune.
 
My e-mail to Mike.:)


Mike,

First of all TSP participant should have the freedom to do what they want to with their money. What is the difference if I pay for a investment strategy advice for my individual, ROTH, and Traditional IRA accounts or pay for investment strategy advice for my TSP account.

Sites like www.tsptalk.com provide recommendations for a fee as well as FREE message boards to discuss retirement strategy, chart analysis, trend analysis, economic data, rental properties, tax information, and a lot more as well as a community of federal employee's all trying to save as much money as they can while getting the best possible return for their retirements.

It would seem that you and Mr. Amelio would like to limit us while have us sit idle in one fund or a mix of fund while someone else manage our money. That's just dumb. Get those people out of the G fund. Was there not a big push by the current administration to allow more investment options, personal participation and responsibility in the management of our Social Security accounts? How about pushing for more good investment options instead of focusing on a minuet number of participants that are trading more than twice a week. By the way could you put a fractional number on those "daytraders" for me?

We are a network of federal employee's who have received more information and education from each other on these websites, like www.tsptalk.com , than from our own agencies or the TSP.gov. Please do not limit us any more that we already are.

Sincerely,

Show-me/ Mike www.tsptalk.com

PS. How about coming over to the site to talk to us. You will find a very diverse group of people there.
 
tsptalk said:
I think the difference between TSP and standard mutual funds is the G fund. At any given time TSP has 30% plus in the G fund which gives us the cash for trading. That is billions and billions of cash on hands that mutual funds simply do not have. It makes trading and settlement date stuff relatively easy. Amelio actually touches on this.
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That is something I never realized. During the interview, he mentioned how all the money comes in through the G fund account, then is transferred to the other funds appropriately. It was interesting to get a little insight to the way they set up their system.
 
Thanks but no thanks! Not me no way, no how! I will gladly talk to him here on the MB.

Come on Causey come visit our forum. :D
 
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