I fund for October 2008

[Corvette]

early EAFE estimate of -$0.2271
plus FV Friday (previous) of +$0.1760 = -$0.0511

dollar up 0.99% = 85.75

 

[350zCommTech]

Barclays went to the loan sharks for 14% interest. I hope they get shorted to the ground.

Barclays Seeks $11.8 Billion From Investors to Bolster Capital

By Ben Livesey and Jon Menon

Oct. 31 (Bloomberg) -- Barclays Plc, Britain's second-biggest bank, will raise 7.3 billion pounds ($11.8 billion) from a group that includes investors in Abu Dhabi and Qatar as credit-market writedowns deplete capital.
Chief Executive Officer John Varley tapped sovereign wealth funds in the Mideast to avoid a U.K. government bailout plan that calls for overhauling management boards, capping executive salaries and banning dividend payouts. Barclays fell as much as 11 percent in London trading today.

Barclays will sell 5.8 billion pounds of convertible notes and preferred shares that pay as much as 14 percent annual interest through 2019 to the Mideast investors, the London-based company said today in a statement. The bank also plans to sell as much as 1.5 billion pounds of securities to new and existing shareholders in an offering that closes today.

``The good news is they have managed to raise the money and have avoided going cap in hand to the government or pursuing a heavily discounted rights issue,'' said Alan Beaney, head of investments at Principal Investment Management in Leeds, England who manages $2 billion including Barclays' shares. ``On the other hand, instead of being diluted by the U.K. government, shareholders are being diluted by sovereign wealth funds.''....http://www.bloomberg.com/apps/news?pid=20601087&sid=ayl8MQmtKCMQ&refer=home

 

[Corvette]

EAFE estimate of -$0.2810
plus FV Friday (previous) of +$0.1760 = -$0.1050

dollar up 1.18% = 85.90
VIX = 63.68

 

[Corvette]

Barclays went to the loan sharks for 14% interest. I hope they get shorted to the ground.

You should be kinder, especially with somebody controlling your money.

This may be the reason for the aggressive FV adjustments.

 

[luv2read]

They went to foreign goverments to avoid the CONTROLS the Brit bailout would have imposed. Those shares are going to pay as much as 14% annual interest...and those shares consist of OUR money. What's OUR rate of return?

I agree with 350. I hope they burn in hell.

 

[Frixxxx]

Great to see you L2R, I agree, but Hell maybe to good for 'em!:suspicious:

 

[Corvette]

EAFE estimate of -$0.0091
plus FV Friday (previous) of +$0.1760 = +$0.1669

dollar up 0.88% = 85.67
VIX = 57.91

 

[Corvette]

EAFE final of -$0.0720
plus FV Friday (previous) of +$0.1760 = +$0.1040
plus FV Friday (guess) of +$0.0700 = +$0.1740

dollar up 0.96% = 85.73

 

[ATCJeff]

EAFE final of -$0.0720
plus FV Friday (previous) of +$0.1760 = +$0.1040
plus FV Friday (guess) of +$0.0700 = +$0.1740

dollar up 0.96% = 85.73

I see no FV tonight!

 

[Corvette]

I see no FV tonight!

The way the FV is going, anything is possible. :blink:

 

[Corvette]

EAFE final of -$0.0720
plus FV Friday (previous) of +$0.1760 = +$0.1040
minus FV Friday of -$0.0693 = -$0.0347 final :worried:

 

[Bullitt]

Let's say, in a worst case scenerio, the US dollar first approaches zero worth and then at some point is converted for pennies on the dollar to some new currency, will the I fund go hyperbolically north on the dollar trade and secondly, if the US $ is devalued, will the I fund retain its value after conversion of the US dollar to some new currency occurs. I am concerned that the TSP lacks any hedge against a complete dollar collapse.

You'll have bigger problems on your hands with a dollar collapse than your TSP losing value.

The only hedge against a dollar collapse will be those who invested with Mr Heckler and Koch. Problem is, you won't be able to buy those guys at your local bucket shop.

 

[hessian]

You'll have bigger problems on your hands with a dollar collapse than your TSP losing value.
The only hedge against a dollar collapse will be those who invested with Mr Heckler and Koch. Problem is, you won't be able to buy those guys at your local bucket shop.

Hey Bullitt,
LOL, good one. I'd recommend instead of Mr. H & K, although top-of-the-line, we may be better off investing with Mr. Kalishnikoff, as his legacy pervades the 3rd world (or invest in 7.62 production facilities?). :worried::nuts:
But later AK's changed to, was it 5.62, I think? - so is that now a shared round/common with NATO?

 

[PessOptimist]

That would be 5.54 tho wickapedia says 5.45