They wouldn't, even if they could. :worried:
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nasa1974's Account Talk
- Thread starter nasa1974
- Start date
They wouldn't, even if they could. :worried:
I would tend to agree but if they had permission to post they could not complain about not being able to explain their actions. Oh yeah they don't need to explain their actions do us. Do what we say, not what we do. Follow us like lemmings or suffer the consequences.
Just my opinion.
Just my opinion.
This is a comment (edited version) I sent Govexec.com about the TSP restrictions. Both versions on squalebears account. anyway the first versioin was 419 words and you are limited to 400 for your comment. So I amguessing that is why it didn't post. This version is 397. I hope it makes it.
First off, read Title 5 (that explains the TSP) then read the Federal Register so you understand what is really going on.
WE the members of the TSP where given, by the FRTIB, a no limit IFT (inter fund transfer). If you wanted to transfer your money daily, weekly, monthly, not at all or anywhere in-between you had that option and ability. Just because some people chose to use their right to perform a daily IFT does not make them abusers nor does it fall in the realm of excessive. WE, all of us, had that right given to us by the FRTIB.
We are being told that the TSP is for long term investment and I truly believe this. But why not have the opportunity to enhance your retirement fund over a short term. Take advantage of increasing your account to make retirement more comfortable. I have been in TSP since the beginning and deposited 5-7% every pay for the first 19 years. I believed in the system. That first 19 years I had less than 70K invested. Not a lot of money to retire on. Since 2004 I have been able to more than double my TSP because I realized I had that ability to do so. By no means am I a day trader and I do not think I could be. However, I had the opportunity given to me by the FRTIB to perform IFT's on a more frequent basis. Maybe I would do an IFT every couple of days. Sometimes I would sit for a week or two and not do any IFT's at all. I had that ability. Now we the members of the TSP are being restricted in our moves and our ability to improve our retirement fund. The real questions are: Why did the FRTIB feel that some members where abusing the system? What was the real cost to all of us? Why where a select few chosen to be made examples of before the system was officially changed? and finally Who or what is the FRTIB really trying to protect?
Just because the TSP is a long term investment doesn't mean you should blindly sit back and do nothing. If I would have continued to sit back and let the FRTIB invest my TSP fund, I would be retiring in 4 years with very little in the bank.
First off, read Title 5 (that explains the TSP) then read the Federal Register so you understand what is really going on.
WE the members of the TSP where given, by the FRTIB, a no limit IFT (inter fund transfer). If you wanted to transfer your money daily, weekly, monthly, not at all or anywhere in-between you had that option and ability. Just because some people chose to use their right to perform a daily IFT does not make them abusers nor does it fall in the realm of excessive. WE, all of us, had that right given to us by the FRTIB.
We are being told that the TSP is for long term investment and I truly believe this. But why not have the opportunity to enhance your retirement fund over a short term. Take advantage of increasing your account to make retirement more comfortable. I have been in TSP since the beginning and deposited 5-7% every pay for the first 19 years. I believed in the system. That first 19 years I had less than 70K invested. Not a lot of money to retire on. Since 2004 I have been able to more than double my TSP because I realized I had that ability to do so. By no means am I a day trader and I do not think I could be. However, I had the opportunity given to me by the FRTIB to perform IFT's on a more frequent basis. Maybe I would do an IFT every couple of days. Sometimes I would sit for a week or two and not do any IFT's at all. I had that ability. Now we the members of the TSP are being restricted in our moves and our ability to improve our retirement fund. The real questions are: Why did the FRTIB feel that some members where abusing the system? What was the real cost to all of us? Why where a select few chosen to be made examples of before the system was officially changed? and finally Who or what is the FRTIB really trying to protect?
Just because the TSP is a long term investment doesn't mean you should blindly sit back and do nothing. If I would have continued to sit back and let the FRTIB invest my TSP fund, I would be retiring in 4 years with very little in the bank.
So is the market ready for a short dip? Looking back over the last four months almost everytime that all four funds "FCSI" have shown a profit there has been a smaller profit/loss the next day then followed by a negative return. Going into G tomorrow for a couple of reasons then waiting to place my first IFT of the "new era" 
early in May. Happy hunting in the "new era".
early in May. Happy hunting in the "new era".
I was looking at the TSP Monthly Returns located on Govexec.com. It is alocated at the bottom of the page under the daily fund quotes. I found this information between the I Fund and the EAFE stock index interesting. For the most part the two follow each other very close but the end of 2007 and the first 3 months of 2008 look out of whack. Maybe somebody with more experience can explain it to me.
View attachment 3816
View attachment 3816
I took a look at your spreadsheet, thanks. I see the big discrepancy
between the two funds in 2007 YTD (Wow). I don't have a clue how
that much difference could have happened. Let me know (i'll do the
same) if you find any info on that.
luv2read
Active member
That's when Barclays took their first write down and started screwing with the FV. Up until then it was very predictable folks on the MB were even able to calculate it pretty much to the penny.
They did two "special" FV's 1/31 and 2/29 and cheated I Funders out of $1M. It's in the FRTIB minutes.
Barclay's incompetence is the real reason for the limits.
I took a look at current YTD %'s for both the I-Fund (listed below as TSP)
and the EFA which is an ETF which reflects the MSCI EAFE INDEX. Please
take note of the close results. This is part of my tracking. When someone
make a boo-boo with fair value, adjustments to fix the "deficits" are what
I use to determine which fund I'm more likely to go heavy in. (FYI).
EFA= -3.10% YTD
TSP= -3.51% YTD
Since the MSCI EAFE INDEX was soooo far off it's mark YTD, I'm now
curious as to the final EFA figures for 2007. I'll be checking that out
a.s.a.p. I would guess that Liquidity Issues & Write Downs from Barclays
has played a part in the "behind closed doors" solutions that the TSP
Board had to take into consideration when the &%$# hit the fan. Need-
To-Know played a part in leaving it's TSP Participants in the dark. One
can only imagine the type of fear which spread into their minds when
they felt an immediate (emergency) fix was needed. After all, If they
didn't react, there could have been a run on the bank (fund).
Something exchanging hands under the table?It really makes one wonder about what shenagigans are going on between Barclays and the Board leadership.
The Fugitive
I'm not one to easily fall for conspiracy theories, however, if the Board
feared such a negative outcome because of Barclays Financial issues,
then the Board would justify any action under the guisse of "Protecting
The TSP Participants". Even at the cost of some freedoms that we have
grown acustom to. Wish I was the fly on the wall for that meeting !
luv2read
Active member
Check this post for the info from FRTIB minutes on the FV scam.
see this link for explanation. Ripped off is what.
http://www.tsptalk.com/mb/showpost.p...&postcount=724]
Impossible to have a "run" on the fund. How would anybody but retirees get their money out? And even that takes time, you can't do it overnight. For the rest of us, all we could do was reduce contributions to matching - or make loans. And they can take as long as they want to process those.
Your absolutely right about it being impossible to have a "run" on the fund.
Maybe I should choose my words a little more wisely. My definition of "run"
was referring to 3.9 million participants looking to move their hard earned
money into safety, all at once, into the G Fund. Sorry for the poor choice
of words. I'll check the FRTIB minutes tonight and thanks for the scoop.
Silverbird
Well-known member
I think the crazy end of month adjustments on I are a highly reactive attempt by Barclay to smooth out their exchange rate vulnerabilities. It may be that they do a re-assesment of exchange rates on the last working day of each month, and it has only become an issue in the last year or so as the dollar did the roller coaster. But that's just my 2 cents, may be zinc and not copper.
Dang, I remember reading something about Barclay's late last week or over the weekend but didn't save the the site. :embarrest: It was not flattering news. Shoot I will have to try and find that information if I can and I will post it if I do. Was reading to many financial sites over the last couple of days.
Looks like I may have opened a can of worms.
Looks like I may have opened a can of worms.
Well good luck to all that have had their bans lifted. However, we all need to stay diligent. The next couple of months with the restricted IFT's will prove a challenge to more than a few people. Do not forget that there was still something wrong with the way everything has come to pass over the last few months.
With that said I have been reading more posts now that people are not afraid to start writing again. Now I am more confussed on what do do than before.
So many different opinions. Let's hope I can do half as good as I did last May, June and half way through July (I got greedy and lost a nice chunk of change late-July). So far 2008 has been a challenge. The first quarter I was -2.12%. But for April I was up 2.52%.
Again good luck to all.
With that said I have been reading more posts now that people are not afraid to start writing again. Now I am more confussed on what do do than before.
So many different opinions. Let's hope I can do half as good as I did last May, June and half way through July (I got greedy and lost a nice chunk of change late-July). So far 2008 has been a challenge. The first quarter I was -2.12%. But for April I was up 2.52%.Again good luck to all.
I haven't posted in a few days. Trying not to spend too much time at work reading everybodies accounts. Anyway I used my 2nd IFT today. Went from 40G/15C/15S/30I to 50G/10F/10C/10S/20I. Depending on how the market goes for the rest of the month I may try my 3rd and 4th IFT. I will post my adventures. Sure wish I had more than two. 
Anyway I used my 2nd IFT today. Went from 40G/15C/15S/30I to 50G/10F/10C/10S/20I. Depending on how the market goes for the rest of the month I may try my 3rd and 4th IFT. I will post my adventures. Sure wish I had more than two.
Over the last week or so I have been seeing what the system would allow us to do as far as IFT's. I made my 4th IFT this morning. I found that you can move as little as 1% into G and no more than 1% into F/C/S or I. But you have to move something into the G in order to make the 1% move into the other funds. Also your allocations must have at least .01 to .99 as the end numbers, i.e. 23.01% or 23.99%. What the software is allowing you to do is round up your percentage. GL to all.
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