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nasa1974's Account Talk
- Thread starter nasa1974
- Start date
Gumby
Active member
Sorry folks I have been a little laxed and missed the posting of the November FRTIB minutes. So her is the link: http://www.frtib.gov/pdf/minutes/2008Nov.pdf
I read most of it but have not really studied it since it is late and my eyes are crossing.
SB you may find this interesting, "... Ms. Ray discussed the trading costs for the month of October and in particular in the I Fund. There was a trading credit of $8 million (57 basis points) in the month of October in the I Fund. This is due to the volatility in the market and the fact that after the u.s. markets close, there is a lot of overnight activity. Year-to-date the expenses for the I fund were actually a negative cost (a positive to the Fund) of $2.6 million. ..."
If I get time over the weekend I will try to read some more of this and report anything interesting.
Later and good night.
I read most of it but have not really studied it since it is late and my eyes are crossing.
SB you may find this interesting, "... Ms. Ray discussed the trading costs for the month of October and in particular in the I Fund. There was a trading credit of $8 million (57 basis points) in the month of October in the I Fund. This is due to the volatility in the market and the fact that after the u.s. markets close, there is a lot of overnight activity. Year-to-date the expenses for the I fund were actually a negative cost (a positive to the Fund) of $2.6 million. ..."
If I get time over the weekend I will try to read some more of this and report anything interesting.
Later and good night.
Birchtree's account got highjacked by a few of us talking about the good old days and draft numbers. I had mentioned that mine was 26 in 1970. I joined the Air Force and worked on Minuteman Missles in Wyoming. I thought I would try to move the discussions to my thread and give Birch his back. Any way there was a recent law signed by president Bush that will allow veterans to hand salute the flag during the National anthem and during parades. What do you think about this? I think it is about time. I can not find the link, but I will post it when I do.
I had mentioned that mine was 26 in 1970. I joined the Air Force and worked on Minuteman Missles in Wyoming. I thought I would try to move the discussions to my thread and give Birch his back. Any way there was a recent law signed by president Bush that will allow veterans to hand salute the flag during the National anthem and during parades. What do you think about this? I think it is about time. I can not find the link, but I will post it when I do.
PessOptimist
Well-known member
here is one link: http://www.military.com/benefits/resources/rules-for-rendering-hand-salute-of-u.s.-flag
Rules for Rendering Hand Salute of U.S. Flag
New Law Allows Retirees and Vets to Salute Flag</STRONG> The National Defense Authorization Act of 2008 contained an amendment to allow un-uniformed servicemembers, military retirees, and veterans to render a hand salute during the hoisting, lowering, or passing of the U.S. flag. The amendment does not address saluting the flag during the playing of the national anthem, pledge of allegiance, honors (i.e. Taps), or any other saluting situations.
Excerpt from H.R. 4986:
SEC. 594. CONDUCT BY MEMBERS OF THE ARMED FORCES AND VETERANS OUT OF UNIFORM DURING HOISTING, LOWERING, OR PASSING OF UNITED STATES FLAG.
Section 9 of title 4, United States Code, is amended by striking “all persons present” and all that follows through the end of the section and inserting the following: “all persons present in uniform should render the military salute. Members of the Armed Forces and veterans who are present but not in uniform may render the military salute. All other persons present should face the flag and stand at attention with their right hand over the heart, or if applicable, remove their headdress with their right hand and hold it at the left shoulder, the hand being over the heart. Citizens of other countries present should stand at attention. All such conduct toward the flag in a moving column should be rendered at the moment the flag passes.”
My 1971 lottery number was 26. I dodged the draft by joining the Air Force where I learned a new trade and never looked back.
Rules for Rendering Hand Salute of U.S. Flag
New Law Allows Retirees and Vets to Salute Flag</STRONG> The National Defense Authorization Act of 2008 contained an amendment to allow un-uniformed servicemembers, military retirees, and veterans to render a hand salute during the hoisting, lowering, or passing of the U.S. flag. The amendment does not address saluting the flag during the playing of the national anthem, pledge of allegiance, honors (i.e. Taps), or any other saluting situations.
Excerpt from H.R. 4986:
SEC. 594. CONDUCT BY MEMBERS OF THE ARMED FORCES AND VETERANS OUT OF UNIFORM DURING HOISTING, LOWERING, OR PASSING OF UNITED STATES FLAG.
Section 9 of title 4, United States Code, is amended by striking “all persons present” and all that follows through the end of the section and inserting the following: “all persons present in uniform should render the military salute. Members of the Armed Forces and veterans who are present but not in uniform may render the military salute. All other persons present should face the flag and stand at attention with their right hand over the heart, or if applicable, remove their headdress with their right hand and hold it at the left shoulder, the hand being over the heart. Citizens of other countries present should stand at attention. All such conduct toward the flag in a moving column should be rendered at the moment the flag passes.”
My 1971 lottery number was 26. I dodged the draft by joining the Air Force where I learned a new trade and never looked back.
I'm opposed to the change. The hand salute has always clearly been understood as a military custom AMONG members of the military, with a tradition going back hundreds of years, first to show another soldier that they were not armed for the purpose of hurting the other, leading to the modern custom of a show of respect for the UNIFORM or the US Flag, but always as a custom for members of the military in uniform. Now, for no reason at all this change causes confusion and breaks down years of military tradition. The fact that it doesn't deal with other military honors, such as what is to be done during the playing of taps, for example, will just cause further confusion. Such breakdowns have been coming for a long time. I noticed an increase in military members out of uniform saluting officers who were also out of uniform, for example. And President Reagan began the presidential salute of members of the military, which has been an off and on thing as well. All of this is for no useful reason at all, that's the key point. It seems that some old veterans have this over-arching need to point out to all others present that they are veterans, just in case some didn't know. That's the real reason behind all of this, it has to do with self-glamorization far more than it has to do with a show of respect. I work in the DC area, and oversee military ceremonies on a daily basis. There is enough of a problem, although it's not really much of a problem, with people not being aware of proper protocol, without adding this confusion that also operates outside the traditional military custom. It's truly sad, to me, how easily we let emotion drive policy.
Birchtree's account got highjacked by a few of us talking about the good old days and draft numbers.
budnipper1
Active member
...Any way there was a recent law signed by president Bush that will allow veterans to hand salute the flag during the National anthem and during parades. What do you think about this? I think it is about time. I can not find the link, but I will post it when I do.
Personally, I don't see any logical reason for a "law" that regulates who can, or cannot salute the flag. The ACLU will actually protect and defend those who BURN the flag with the constitutional excuse of exercising their rights to freedom of speech, or the right to protest.
Who is going to enforce such a law that controls who can salute the flag? The police? The M.P.s? Active military people are expected to follow "orders", whether they make sense or not. Civilians, including myself, enjoy the privilege of deciding such things ourselves. Issues such as this should be considered in respect to "etiquette", or what is customarily acceptable rather than by creating another LAW. We have too many of those, already!
Who is going to enforce such a law that controls who can salute the flag? The police? The M.P.s? Active military people are expected to follow "orders", whether they make sense or not. Civilians, including myself, enjoy the privilege of deciding such things ourselves. Issues such as this should be considered in respect to "etiquette", or what is customarily acceptable rather than by creating another LAW. We have too many of those, already!
Handballer
Active member
"My 1971 lottery number was 26. I dodged the draft by joining the Air Force where I learned a new trade and never looked back."
In 1961 I wanted to join the Air Force. When I went for my physical. I failed it due to a hernia. Next year I was drafted but when I went for my physical I passed. I went to see my Air Force recruiter and told what happened. He sat me up for another physical the next day and I passed again. I was in the Air Force shortly afterward. In 1973 I was stationed in Okinawa and had groin pains. Went to see doctor, after operation he told me he could tell I had a hernia for many years. I don't remember my draft number.
In 1961 I wanted to join the Air Force. When I went for my physical. I failed it due to a hernia. Next year I was drafted but when I went for my physical I passed. I went to see my Air Force recruiter and told what happened. He sat me up for another physical the next day and I passed again. I was in the Air Force shortly afterward. In 1973 I was stationed in Okinawa and had groin pains. Went to see doctor, after operation he told me he could tell I had a hernia for many years. I don't remember my draft number.
anthony
Member
I think this is another prime example of government wasting time and taxpayer money making unnecessary legislation. This is already covered under freedom of speech/expression.
The other heartburn I have is that it's a bit overreaching for folks who don't know the ins and outs of the military and should be just allowing us to regulate ourselves. I say this specifically because the separate branches have their own regulations regarding the hand salute.
I am Marine Corps, but I'm currently attending school on an Army post, so I see the differences everyday. Army soldiers salute a lot more than Marines. They'll salute indoors uncovered, they'll salute outdoors in PT gear, and so on. Marines only salute in uniform while wearing a cover, which by default means only out of doors, and indoors only during ceremonies or while under arms. That's not a jab at Army, just differences in service regulations, built on years of established customs.
The Marine Corps passed its own new regulations recently to cover honors to the flag while in civilian attire. Now instead of just standing at the regular position of attention with hands at the sides, we stand at a modified position of attention with our right hand over our heart. Someone probably saw a Marine at a ball game and was trying to figure out why they wouldn't cover their heart. A lot of Marines still don't know about this change.
I like the Corps' change in its internal service-specific regulation, but I don't need Congress telling us how to render appropriate customs and courtesies. We've been figuring that out just fine for ourselves for 233 years. "A government that governs least, governs best."
Semper Fidelis
Well I finally finished reading the November meeting minutes that the FRTIB posted. http://www.frtib.gov/pdf/minutes/2008Nov.pdf Some interesting reading.
The 2008 survey has been completed and so far only 1600 have responded out of 35,000 randomly-selected participants. :notrust: My math is not real good but that appears to be about 1% of all TSPer's. I do not think that is considered a good sampling. IMO. Did anyone from this MB get a survey?
Also I did not realize that the FRTIB allows and BGI manages our money in a securities lending program. They loan out our money for profit. An interesting read on page 5 and 6. Last year it profited 94M and this year this practice stands to make over 100M. It is a bit too long to post here but I think a must read. I do not know if I agree with this practice of lending out our retirement funds that could loose us a large chunk of change. It is hard enough to not loose money with the restrictions placed on us already by the FRTIB and now there is a chance to really loose money by making a bad loan.
Thats my opinion.
The 2008 survey has been completed and so far only 1600 have responded out of 35,000 randomly-selected participants. :notrust: My math is not real good but that appears to be about 1% of all TSPer's. I do not think that is considered a good sampling. IMO. Did anyone from this MB get a survey?
Also I did not realize that the FRTIB allows and BGI manages our money in a securities lending program. They loan out our money for profit. An interesting read on page 5 and 6. Last year it profited 94M and this year this practice stands to make over 100M. It is a bit too long to post here but I think a must read. I do not know if I agree with this practice of lending out our retirement funds that could loose us a large chunk of change. It is hard enough to not loose money with the restrictions placed on us already by the FRTIB and now there is a chance to really loose money by making a bad loan.
Thats my opinion.
CountryBoy
Well-known member
Well I finally finished reading the November meeting minutes that the FRTIB posted. http://www.frtib.gov/pdf/minutes/2008Nov.pdf Some interesting reading.
The 2008 survey has been completed and so far only 1600 have responded out of 35,000 randomly-selected participants. :notrust: My math is not real good but that appears to be about 1% of all TSPer's. I do not think that is considered a good sampling. IMO. Did anyone from this MB get a survey?
Also I did not realize that the FRTIB allows and BGI manages our money in a securities lending program. They loan out our money for profit. An interesting read on page 5 and 6. Last year it profited 94M and this year this practice stands to make over 100M. It is a bit too long to post here but I think a must read. I do not know if I agree with this practice of lending out our retirement funds that could loose us a large chunk of change. It is hard enough to not loose money with the restrictions placed on us already by the FRTIB and now there is a chance to really loose money by making a bad loan.
Nope, I didn't get one, but then I was one of the dirty 553 that was punished and banished to snail mail by his high Lord and Master (in his mind) Long, the barclay toady.
CB
I decided to try and lock in some positive numbers for the month. Still keeping a toe in the water with fingers crossed. G-85% CSI-5%. MTD looking at a little over 2.3%.
The F fund is looking to be the big winner for the year. My numbers show MTD 0.46 and YTD 0.60. If you jumped into the F fund early in Novemebr and stuck it out you have made some nice profit. Congrats.
The I fund is the biggest winner so far for the month at 0.64 but the largest looser for the year at 12.54.
SB thank you for perfecting the <1% move. Let's hope we can use it to our advantage. It is always a guessing game but we have to educate ourselves not to be afraid of the lilly pad.
With the FRTIB jobs on the line with a new administration coming in, 2009 could prove to be very interesting.
In case I do not get a chance tomorrow I would like to wish everyone a HAPPY NEW YEAR!!
May 2009 balance the books and turn a profit for your TSP.
G-85% CSI-5%. MTD looking at a little over 2.3%.The F fund is looking to be the big winner for the year. My numbers show MTD 0.46 and YTD 0.60. If you jumped into the F fund early in Novemebr and stuck it out you have made some nice profit. Congrats.
The I fund is the biggest winner so far for the month at 0.64 but the largest looser for the year at 12.54.
SB thank you for perfecting the <1% move. Let's hope we can use it to our advantage. It is always a guessing game but we have to educate ourselves not to be afraid of the lilly pad.
With the FRTIB jobs on the line with a new administration coming in, 2009 could prove to be very interesting.
In case I do not get a chance tomorrow I would like to wish everyone a HAPPY NEW YEAR!!
May 2009 balance the books and turn a profit for your TSP.
Well I finally finished reading the November meeting minutes that the FRTIB posted. http://www.frtib.gov/pdf/minutes/2008Nov.pdf Some interesting reading.
The 2008 survey has been completed and so far only 1600 have responded out of 35,000 randomly-selected participants. :notrust: My math is not real good but that appears to be about 1% of all TSPer's. I do not think that is considered a good sampling. IMO. Did anyone from this MB get a survey?
dannyboy, formerly dannymcm
never got in any trouble with FRTIB and I did not get a questionairre :notrust:
Hey all,
With 2009 just a day away this is a repost of the XL spreadsheet I use to track my TSP account. Everyone is welcome to use it. If you improve it, pass it around.
2008 was a rollercoaster ride for sure. Let's hope that 2009 will be like a ride on the space shuttle and give us a great ride up to new hieghts.
HAPPY NEW YEAR everybody!!
RonUSPSretired
Member
What do the numbers in the date column mean?
Ron,
The number in the date column (320) represents the number of replies that have been posted to my account from members of the MB.
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