I caught the end of a radio interview...

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I sent RevShark the links and he said he might write something up regarding this, but I assume he means to the newsletter group and not to Causey.
 
can't wait to hear the interview. I hope whoever is representing the active swing traders doesn't get to confrontational and cause Amelio to have a knee jerk reaction and make the IFT deadline 10AM EST :)

To whomever will be intereviewed: Please push for an extended IFT deadline... preferably 4pm EST. Also make a plea for gold, XLE, QQQQ, and shorts to be added... at no additional cost. That's all, I think?!
 
fedgolfer said:
can't wait to hear the interview. I hope whoever is representing the active swing traders doesn't get to confrontational and cause Amelio to have a knee jerk reaction and make the IFT deadline 10AM EST :)

To whomever will be intereviewed: Please push for an extended IFT deadline... preferably 4pm EST. Also make a plea for gold, XLE, QQQQ, and shorts to be added... at no additional cost. That's all, I think?!
Click to expand...

Don't forget Real Estate.
 
I gotta hear this radio show tomorrow! I hope it's not just some random person like me, but someone with great returns. Plus, they are still considering the number of active TSP traders at 146. I wonder if they will actually be speaking to one of the 146 or will they talk to someone who is a little more reasonable with their trades - not greater than 2 trades a week!

edit:

and whoever you are, mention the need for an emerging markets fund! :D
 
That WAS Show-me's e-mail. I guess he doesn't realize that show-me actually doesn't qualify as one of the 146. He doesn't trade often enough.

Congrats, Show-me!
 
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Kudos - Show Me!

I don't recall the exact number but the ratio of active traders to non-active was something like 146:Millions.

Have a good day,
Gene
 
It seems he is a little more receptive than before. How about that shameless plug for tsptalk.com, heehee.:D

The Other Mike
 
The condescending tone of Causey's column towards active traders is sooooo misleading to his audience. He makes us sound like gamblers and people that reject expert advice. We're the ones using the very same strategies, charts and indicators that the experts DO use. Causey made it sound like we're taking bigger risks, which is actually backwards. We take risk off the table in overbought markets. He's almost fanning the flames of fear in the uneducated. With the tools available today at TSP participants' fingertips, the condescending tone should be shifted to those too stupid to see/research how risk and returns should be actively managed. I guess I could ramble on, but there's really only one way to shut the naysayers up... and that's to retire with millions in the account and a track record that clubbed the S&P.
 
And after you vehemently denied it was you...tsk tsk :)

Nice job, Show-Me. All about enlightening the masses after all. Ignorance is our greatest enemy.
 
Nice job Mike (Show-me). I just posted a comment to it. I used Mr. Causey's own metaphors...........:D

M_M (The 3rd Mike)..........:blink:
 
No matter how condescending his tone may sound, the purpose was to get the site out there for other people to come to and judge for themselves. No one is going to force participants to do anything. They will read, learn, and make choices for themselves. Some will do well, some will not, and some will not change a thing. The purpose is the same as what Tom developed the site for..........to make participants aware.

There is another very important lesson here. Take the time to write a e-mail to you TSP administrator, political Representative, or talk show host. They do get read and "the squeaky wheel gets the oil" or most attention.

We have tremendous power here in our little community, we just have to use it.

Good luck everyone!:D
 
Nice, Show-Me! I wrote a response to his post. Here's a copy:
Mike -

I also would like to side with "The Other Mike" on this issue. There are plenty of great communities online discussing TSP and the markets - I also participate in the message boards on www.tsptalk.com. I would not count myself with the 146 who transfer more than twice a week. My average amounts of transfers are about twice a month - sometimes more, sometimes less. It all depends on the conditions of the market.

I have learned a lot from the community at www.tsptalk.com. There is a section on the site where we keep track of people's Interfund Transfers (IFT's). We know they are legitimate because it will only be tracked if someone posted their IFT prior to noon EST - the same cutoff time as tsp.gov. There are many people doing better than any of the L Funds and some are doing about the same as the I Fund this year. These people are not playing catch-up with the market. There are very intelligent conversations about the market and it's directions.

I think the L Funds are great for the people who do not have the desire nor the time to read about market conditions and technical analysis. But those of us who are willing to take the steps to learn should not be compared with people trying to fly our own airbus. We have a chance to learn from our mistakes, where a mistake on an airbus will kill you. We are not trying to predict the market (though some act like they can), we are moving with the market.

Sincerely,
Fab
Click to expand...
 
Wheels said:
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.
Click to expand...

.....So......Rummy goes to give GW the morning report and informs him that three Brazilian soldiers were killed that day in Iraq.

To everyone's surprise, the presidents face goes ashen white, he puts his head in his hands and begins to shake....

after a few moments he composes himself, looks up at Rummy and asks "exactly how many soldiers are there in a brazillon"

OK back to the subject at hand: here are direct quotes from TSP.gov

Booklet Guide to TSP Investments, August 2003

"In the TSP, as in most similar retirement savings plans, the responsibility for choosing among investment option rests with each participant"

Booklet Managing Your Account (10/2005) – 18 pages -LPV 10/2005

"The TSP offers you two approaches to investing you account * Lifecycle Funds.....* Individual TSP Funds......If you choose your own investment mix.....remember that your investment allocation is one of the most important factors affecting the growth.....If you prefer this "hands-on" approach keep the following points in mind: Consider both risk and return....., You need to be comfortable with the amount of risk you expect to take.....Periodically review your investment choices. Check the distribution of your account balance among the funds to make sure that the mix you chose is still appropriate for your situation. If not, rebalance your account to get the allocation you want."

If I am not mistaken, TSP is saying the responsibility for managing our accounts is ours and not the responsibility of TSP. Also, TSP recommends doing what we are doing, if you choose to take the risk to have a "hands-on" approach. In my opinion, the statements these guys are making are out of line. By recommending that people do not attempt to time or follow timing website, they are giving investment guidance....which makes them liable for the investors returns and goes against TSP's policy of not being liable for participants returns.

Oh here's one more good one:

A letter from the Federal Retirement Thrift Investment Board, dated October 2003 signed Very truly yours, Gary A Amelio, Executive Director

"I encourage you to take the time to study your statement and the current allocation of your account investments. This is an opportune time to determine whether it is appropriate to reallocate your investments among the available fund offerings. The new system enables you to reallocate your investments among the available fund offerings. The new system enables you to reallocate timely, with ease, and at no cost. Take advantage of these new features; they exist to help you plan for a more comfortable retirement.
 
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