James48843 Account Talk

[James48843]

I moved to "G" today, thinking we got a nice upswing this week, but the news out today was not great, and since we've already had a big up for the month- I figured it will pull back next week about two percent or so. Anyway, that's where I think we are now.

We'll see.

100% "G" as of today. I am anticipating a lower opportunity next week to buy back in- and if I can clip 1% It will be good.

 

[ChemEng]

Any thoughts on how oil will play into the equation this summer?

 

[James48843]

BY the way-

Moved to number 26 today on the autotracker. I had been below 100 two months ago. I am now beating the "best performing" index by 1.26% (That would be the F so far this year) AND beating the S&P500 by 6.67% so far this year.

And have only made 2 moves in february, 2 moves in March, and - until today- only two moves in April. today was a third move.

Being able to do it on only one in and one out per month is going to be challenging.

But the object is just to BEAT the S&P500. If you can do that, you are successful. Anything above that is extra.

And limiting to only two moves per month has made me think much more thoroughly before pulling the trigger to make a move.


Discipline. That will be THE key on two moves per month.

 

[James48843]

Any thoughts on how oil will play into the equation this summer?

Oil is going to have a major drag on the economy. I put 92 bucks worth into my wife's truck tonight. That was money that I could have used elsewhere. ANd I think it will take months for all the affect of higher oil prices to work it way through the economy.

I think we'll have a slowing summer-

I think the econmy is going to continue to have a bad time for months, if not a year, to digest what $4 gas means to the average Joe.

 

[James48843]

Beating the "C" fund by 6.73% so far.

Sitting now in "G".

Waiting for the opportunity to buy back in.

 

[luv2read]

Beating the "C" fund by 6.73% so far.

Sitting now in "G".

Waiting for the opportunity to buy back in.

with you.

 

[airlift]

I am waiting and learning.

 

[Guest2]

Found the (G) spot myself. (pardon the pun)
Look, Listen and Learn. Good Idea Right Now !
:worried:

 

[Birchtree]

You do know there are two "G" spots, right? As you continue to learn you will undoubtly find the other one - good luck in your endeavors.

 

[James48843]

Watching it head down. Waiting at least another day.

 

[GUCHI]

BIRCH
u say 2 G spots, do tell ???? i know of 1 !!!

 

[Birchtree]

The second "G" spot is located posterior to the C fund - use your imagination. Kinda like up behind the C fund. One has to be correctly positioned to earn the reward.

 

[luv2read]

The second "G" spot is located posterior to the C fund - use your imagination. Kinda like up behind the C fund. One has to be correctly positioned to earn the reward.

If you aren't carefully positioned the S fund may surprise you.

 

[Guest2]

If you aren't carefully positioned the S fund may surprise you.

I heard that the S Fund goes both ways, up and down.
I think I'll stay away from the S Fund, I prefer the G. :laugh:

 

[nasa1974]

Interesting to see people performing an IFT today not realizing that it goes into affect May 1st and will count as their first IFT for the month.

 

[luv2read]

Interesting to see people performing an IFT today not realizing that it goes into affect May 1st and will count as their first IFT for the month.

If you do it electronically before NOON today it is effective COB today April 30. It is the last IFT for April. If it's done after 12 NOON, then it's the first IFT for May.

Ladies and gentlemen, position yourselves and start your engines.

 

[nnuut]

If you do it electronically before NOON today it is effective COB today April 30. It is the last IFT for April. If it's done after 12 NOON, then it's the first IFT for May.

Ladies and gentlemen, position yourselves and start your engines.

I do believe an IFT done at COB today would not be processed (effective) until tomorrow and be your 1st IFT for May.
Q2. What are the new limits on interfund transfers?
For each calendar month, the first two IFTs can redistribute a participant’s account among any or all of the TSP funds. After that, for the remainder of the month, participants may only move money into the Government Securities Investment (G) Fund (in which case the participant will increase the percentage of the account held in the G Fund by reducing the percentage held in one or more of the other TSP funds).
We will count the interfund transfer based on its process date, not the date the interfund transfer is requested.
If the first or second interfund transfer in a month moves money only to the G Fund, it still counts toward the two (2) unrestricted interfund transfers per month limit.
http://www.tsp.gov/faq/faq14.html
Go to Information about limits on IFTs (updated link) at top center of the page.

 

[RonUSPSretired]

I believe luv2read is correct. The last few email TSP confirmations of IFT's I've submitted before noon stated the effective date was that same day.

I do believe an IFT done at COB today would not be processed (effective) until tomorrow and be your 1st IFT for May.
Q2. What are the new limits on interfund transfers?
For each calendar month, the first two IFTs can redistribute a participant’s account among any or all of the TSP funds. After that, for the remainder of the month, participants may only move money into the Government Securities Investment (G) Fund (in which case the participant will increase the percentage of the account held in the G Fund by reducing the percentage held in one or more of the other TSP funds).
We will count the interfund transfer based on its process date, not the date the interfund transfer is requested.
If the first or second interfund transfer in a month moves money only to the G Fund, it still counts toward the two (2) unrestricted interfund transfers per month limit.
http://www.tsp.gov/faq/faq14.html
Go to Information about limits on IFTs (updated link) at top center of the page.

 

[luv2read]

I am correct. The timing and posting of electronic IFT's has not changed.

• IFT requested before 12 NOON will be posted COB that same day.
• IFT requested AFTER 12 NOON will be posted COB the following day.

From now (2:06PM EST 4/30) until 12 NOON tomorrow 5/1, all IFT's requested will be posted COB May 1 and count as your first IFT for May.

AND:
good news for all who were restricted:

The ban has been lifted. I just placed a request for an IFT (after 12:00 noon) and it went through. No more mailing or faxing IFT's requests.

Good luck!

FRTIB is obviously handling this the same way as when they imposed the restrictions March 31...they consider 12 NOON the cutoff because anything done after that time will be posted COB the following day.

 

[luv2read]

Fed cuts rates by one-quarter point
By Ruth Mantell
Last update: 2:15 p.m. EDT April 30, 2008
WASHINGTON (MarketWatch) -- Moving to revitalize the economy, the Federal Reserve cut the key federal funds rate target by one-quarter of a percentage point to 2.0% -- matching Wall Street's expectations. The rate cut brought the Fed's target for overnight interest rates to the lowest level since December 2004. The FOMC emphasized higher inflationary pressures and downplayed risks to growth, a signal that the committee may leave rates steady at the next meeting.

factored in. SELL THE NEWS!