love-to-bike
Member
There’s been quite a bit of discussion in various member’s Allocation Account talk threads about the threat of restricting members to mail only changes if a certain number of IFTs are exceeded in a given month. Like most, I scoffed at this – believing, as many did, that this would take too long to implement. Let me tell you what arrived yesterday via certified mail….
I got a letter from the Executive Director (Gregory T. Long) of TSP stating that because I had exceeded the number of trades in February, as of March 31st 2008 I will no longer be able to post trades electronically. All further trading will be done via mail. They were so kind to enclose 3 envelopes to assist me.
So you may want to rethink your strategies – you may be getting something soon if you don’t. I live in the DC area so perhaps I got my letter earlier than others. I’ll be curious to hear what happens to others. BTW, I probably made around 6 trades in February.
I won’t be sitting idly by, calls will be made and I’ll follow up with my local reps (I’ve already sent something to my Senators and Representative last month, we’ll see what happens now.
BTW, I subscribe to several different member threads so I am cross posting this message in those as well – sorry for the duplication but I think you should be aware that the threat was not idle.
I got a letter from the Executive Director (Gregory T. Long) of TSP stating that because I had exceeded the number of trades in February, as of March 31st 2008 I will no longer be able to post trades electronically. All further trading will be done via mail. They were so kind to enclose 3 envelopes to assist me.
So you may want to rethink your strategies – you may be getting something soon if you don’t. I live in the DC area so perhaps I got my letter earlier than others. I’ll be curious to hear what happens to others. BTW, I probably made around 6 trades in February.
I won’t be sitting idly by, calls will be made and I’ll follow up with my local reps (I’ve already sent something to my Senators and Representative last month, we’ll see what happens now.
BTW, I subscribe to several different member threads so I am cross posting this message in those as well – sorry for the duplication but I think you should be aware that the threat was not idle.
