Interfund Transfer 4/18 for 4/19/06

[DSA]

It was the worst case scenario. Let me explain:

Yesterday we anticipated a weak day as the Monday following Easter is historically below average followed by some gains the rest of the week. I planned to use that weakness to nibble on stocks. Instead, stocks were higher all of Monday morning freezing me in my G fund allocation.

By Monday afternoon the market tumbled and we saw that typical post Easter drop. But becauase that didn't happen before our TSP deadline, we didn't get in.

Ah, the joys of trading our TSP accounts. See you tomorrow.

Ah, Tom, if only you'd followed your own advice. Here's my story over the last few days:

I generally just keep my allocations where Rev Shark suggests, but I always read and consider your Market Comments.

Go back to last week - it's Thursday morning, it's 8:55 AM on the West Coast. I just have enough time to read your Market Comments...You're making a good case that the market will drop on Monday, and there's that $.01 per share thing for the G Fund to consider, so, in a mad rush I head on over to TSP.GOV and make the move to 100% G fund. I hit the button to transfer and damn...it's 9:01 AM on my computer...but Good For Me, I got the email confirming the transfer Thursday night, so I am 100% G on Monday, and pick up that penny per share and missed the stock drop.

But UNLIKE YOU, Tom, I followed YOUR advice and logic, and Monday morning, BRIGHT and EARLY, I moved my funds to 30%-G, 40%-C, 10%-S, 20%-I. Maybe not the best spread considering the way things worked out, but I was back in the game at the right time and made some big money on Tuesdays rebound.

I can't thank you enough for your comments on Thursday...they made me make the smart moves!

I'm a little disappointed in Rev Shark's Timing Newsletter not suggesting a move like that, though. In hindsight, it seems like a no brainer if I could figure it out and make a move like that.

 

[The_Technician]

It was the worst case scenario. Let me explain:

Yesterday we anticipated a weak day as the Monday following Easter is historically below average followed by some gains the rest of the week. I planned to use that weakness to nibble on stocks. Instead, stocks were higher all of Monday morning freezing me in my G fund allocation.

By Monday afternoon the market tumbled and we saw that typical post Easter drop. But becauase that didn't happen before our TSP deadline, we didn't get in.

Tuesday comes and the Dow looks good early up 40 or 50 points. I think, OK, let's nibble on stocks and see if we can't catch a rally through the options expiration, and be out again for next Monday. Well by the close the Dow was up about 200 points and we are still on the sidelines waiting for our TSP transfers to take effect Wednesday. Now I fear we are setting up for some profit taking and we will be in stocks.

Ah, the joys of trading our TSP accounts. See you tomorrow.

Ahhhh, you couldn't have said it more plainly Tom....yesterday was really a surprise....I thought I would get in on a "Get even" day for the market...instead we got the hammer to floor and its going like its the last chance for something......

I dread today a bit, but you can really never know.....

 

[Wheels]

Then again, I am only 23; I have 7 more years before I retire.

You're planning to retire at 30. Yikes!

Dave
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[Soldat]

No guts no glory. Iran could wreak havoc but who knows, they are playing it up quite a bit. Oil, rate hikes, global tensions, yet the trend is up. Maybe the investors like the struggle and drama; keeps everyone on their toes.

Honestly, I wouldnt mind a 10% correction. Would give me a chance to pick up some cheap stock. Then again, I am only 23; I have 7 more years before I retire. Play the game, dont let the game play you. Trend is your friend.

 

[Eagle_Addict]

Well, sir, it never hurts to dabble on a chance once in a while. I have been playing the I fund for a bit, and so far, so good, but , as you point out, we can 'lock in' for an extra day and a half without being able to get out if a large market move occurs............I have a buddy who has been in the G fund for 4 years "waiting for a correction"....I do not think he will ever make a move, a real shame, eh?!?!?!

 

[tsptalk]

It was the worst case scenario. Let me explain:

Yesterday we anticipated a weak day as the Monday following Easter is historically below average followed by some gains the rest of the week. I planned to use that weakness to nibble on stocks. Instead, stocks were higher all of Monday morning freezing me in my G fund allocation.

By Monday afternoon the market tumbled and we saw that typical post Easter drop. But becauase that didn't happen before our TSP deadline, we didn't get in.

Tuesday comes and the Dow looks good early up 40 or 50 points. I think, OK, let's nibble on stocks and see if we can't catch a rally through the options expiration, and be out again for next Monday. Well by the close the Dow was up about 200 points and we are still on the sidelines waiting for our TSP transfers to take effect Wednesday. Now I fear we are setting up for some profit taking and we will be in stocks.

Ah, the joys of trading our TSP accounts. See you tomorrow.

 

[Spaf]

I thought a nibble was a small bite!?!...........:blink: .............

 

[mlk_man]

Step right up sir!!

 

[tsptalk]

If yesterday's sell off had come earlier we might have been in stocks today taking advantage of this rally. There is a lot of news on the horizon with big name earnings reports after the close today and all week, and the FOMC meeting minutes being released later today so this "nibble" is being done with some conern.

I will make an interfund transfer this morning going to 40% G, 20% C, 20% S and 20% I fund. I'll talk more about it tomorrow's comments.