I L2040 is something like 25% I fund? Definitely more than a small percentage. Given their daily rebalancing, it seems that people in L funds would really get screwed by the FVs (especially the +FVs). At least if you are BAH in I fund, the number of shares of I fund stays the same. But if FVs are applied to the L funds, then your number of shares would necessarily change. Thats a big deal.
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Or you can now use TapaTalk again!I fund for October 2008
- Thread starter Corvette
- Start date
I did confirm tonight after some number crunching that L fund prices do incorporate FVs. Their numbers match 100% with the reported I fund prices.
350zCommTech
Well-known member
Thanks ChemEng,
Corvette
Well-known member
I agree.
I was shocked at the -FV. I thought there was an error.
Another possibility is the Yen. Yen is down to 95.7 right now.
The dollar tumbled to the Yen from 98 to 95.5 in a few hours.
A strong Yen to the dollar is bad news for the Nikkei.
The result is the Nikkei is down 677 right now.
i will have to check the yen to dollar at the end of the day.
http://quotes.ino.com/chart/?s=FOREX_USDJPY&v=i
350zCommTech
Well-known member
I checked. The Dollar to Yen was pretty flat during yesterday afternoon. Besides, since the Nikkei is only 23% of the I fund, the change in the USD/YEN is hardly ever enough to warrant a FV. Something fishy happened yesterday.
Corvette
Well-known member
It is difficult to check the times on a 3 day chart for the yen to dollar. The 2% move of the yen in the afternoon is not enough to give a -2% FV. The S fund makes the most sense with an added bias of the yen to give a -FV.
That is my guess.
350zCommTech
Well-known member
EAFE final of -$0.7512
plus FV Friday (previous) of +$0.2453 = -$0.5059
minus FV Friday of -$0.4302 = -$0.9361 final
woe is we
That -FV makes no sense at all. This is criminal. Markets ended close to where they were at noon and actually higher well above the days lows. The dollar did clime in the afternoon, but nowhere near the -43 cents FV.Corvette, just signed up today... curently working for DOD and currently in G fund. Obviously concerned at the current global meltdown.. Will appreciate any response.
Resurfacing conspiracy talk of possible new currency for the US is gaining traction (Amero and North Amercian Union). My question to you or others on this thread is if in fact the current strengtheing of the US dollar rolls over and accelerates towards insolvency, will the I fund provide a hedge in all cases. 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.Similar threads
