nasa1974's Account Talk

[nasa1974]

Another crazy day in the market. At least it closed and ended the week positive. But not a good week overall.

This type of week is a good reason why we should have 4 IFT's per month and a closing time closer to 4pm EST. How many members lost money this week because of a decision they had to make before noon and then couldn't get back into the market? The excuse being, because it keeps our fees low. :ban:

 

[Epic]

I would gladly pay a small fee per extra move to cover costs, but that was brought to the boards attention a long while ago and went nowhere. Maybe we should try again???

 

[nasa1974]

I would gladly pay a small fee per extra move to cover costs, but that was brought to the boards attention a long while ago and went nowhere. Maybe we should try again???

I think a large portion of members would be up for a small increase in fees to allow us more IFT's. I think the fee structure is just an excuse. I believe the real problem is that the FRTIB is protecting the Finance firm that handles the account. They are afraid that what happened in the early 2000's could happen again. There are more members now and some longtime members have a lot of money that could make a difference if we made some quick in and out moves like we did back then. Just my opinion.

 

[Epic]

"They are afraid that what happened in the early 2000's could happen again."
Sorry, I don't really recall what that was. Is that when they limited our moves to 2 a month because they said the cost of processing more transactions than that was too high?? That's the only thing I remember. Was there something else? :dunno:

 

[nasa1974]

"They are afraid that what happened in the early 2000's could happen again."
Sorry, I don't really recall what that was. Is that when they limited our moves to 2 a month because they said the cost of processing more transactions than that was too high?? That's the only thing I remember. Was there something else? :dunno:

A couple of the folks that are still around from the early years can correct me if I'm wrong.
Back then we could make an IFT daily, some might have but most of us made maybe one or two a week depending on the trend of the market. Some members back then just like today tracked the market very closely. Well, a few noticed that the "I" fund was looking to make a big move. So, a large number of us went into the "I" fund caught the wave up and got out a few days later. It was a big money move for the accounting firm managing TSP. It wasn't much longer after that we started getting notifications that our IFT's were going to be limited. There is a lot more to the story, but FRTIB used the excuse about keeping the cost of managing the funds low. Some of us think the real reason was that the managing company almost didn't have enough funds to cover the large move in and out of the "I" fund and that's why we got reduced to 2 IFT's per month. To protect the money managers.

 

[nasa1974]

Sorry, I've been a little distracted in January and forgot to post February's numbers.
February had a good run from 2010 to 2017. Then it was bad, good, bad, good. The way things are going for 2022 and its past trend it more than likely will be bad. I hope not. I need to recover some of my January losses
Here are the numbers.

 

[nasa1974]

The way January went and the last 3 good days in the "S" fund, it would have been a good day to get out with some green. Unfortunately, I am so far down the rabbit hole I have to tuff it out. It took all of 2021 to make 12% and January 2022 to give back 10% of it.

 

[DreamboatAnnie]

I keep hearing selling rallies would be good because supposedly market will continue down...just not sure how quickly and when.

 

[nasa1974]

So why was the "S" fund red yesterday when everyone else was green?
This darn stock market is breaking my budget because of the increased price of depends and sticky pants. :angryfire:

 

[tsptalk]

So why was the "S" fund red yesterday when everyone else was green?

Top heavy rally

 

[nasa1974]

Attached are the March returns. The last 3 years were not good for the "S" Fund. Of course, this January and February haven't been good either so who knows what will happen in March.

 

[nasa1974]

This roller coaster market is getting to me and I sure would like to get off the ride. The only problem is if I do I'm out $70K since late November last year. The market gods have not been kind. That and I have been somewhat distracted.

 

[rangerray]

This roller coaster market is getting to me and I sure would like to get off the ride. The only problem is if I do I'm out $70K since late November last year. The market gods have not been kind. That and I have been somewhat distracted.

You and I have lost about the same amount. Somehow I've been able to trim that to about a $53,000 loss. It's hard to dig out and takes too much time. I'm going to try really hard to not repeat past mistakes.

 

[Whipsaw]

I'm sure I lost a chunk in the covid drop, I try to not quantify it, just ignore it and press on, and try to learn from the mistake.

 

[nasa1974]

This sure has been a crazy week of ups and downs. Let's hope we can finish the week on an up.

 

[nasa1974]

This week started out crappy but ended strong. I'm positive for the month.

Still down $30K from the beginning of the year.

 

[nasa1974]

As up and down as this week was, woo hoo I am still positive for the month. YTD sucks but at least I have a small victory.

 

[nasa1974]

Sorry, Should have put this out there a little sooner. Here are April's numbers. April has been pretty strong since 2016.

 

[nasa1974]

Well March didn't end on a positive note, but I did finish above zero. Still down 9% for the year.

 

[nasa1974]

Well, the week finished on a positive note. A good start for the first day of April. Do we consider this an April Fool's joke???

I order more depends and sticky pants just in case.

Have a great weekend everybody.