nasa1974's Account Talk

[nsurf9]

I must tell you - when I smell s*%t, it is more often that not, not chitlins.

I believe the TSP Board did have problems hyperactivity costs and with the thought of having everyone running to the port side of the ship at one time and turning the ship over. But, the smoke and mirror treatment on venturing even an estimate of actual IFT costs; the flag waving by the Board on its full consideration on dissenting opinions; and, now, coupled with Barclays' over the pond interests - SMELLS.

I can tell you first hand, having only 2 IFTs per month is like walking on a railroad track with headphones over your ears. Yea, the TSP Board music that's piped in the headphones may sound good (if you ignorant and don't move your funds) and even protects Barclays' from some hyperactivity costs - but the problem is that straight-jacketting IFTs subjects your TSP fund to getting repeatedly hit by the train.

Instead of education and flexibility we get smoke and mirrors and our ability to profit and protect our funds gets straight-jacketted. I'd like to see how much all of the TSP participants lost in June, compared to Barclay %$#% cost saving.

 

[CountryBoy]

Me too...and Miss Piggy, and ....everyone...

see this:

http://www.tsptalk.com/mb/showpost.php?p=169108&postcount=79

Barclays and FRTIB are supposed to be smart money managers; couldn't they see ahead that limiting IFT's would COST, profit-wise? We saw it, told them, but they didn't listen.

Frick and Frack took us for idiots on what they were doing. The only ones that profitted from limiting our IFT's was barclays and the frtib, they make such good bedmates. And now barclays has to go begging for $8.8 Billion. hmmmm who are the idiots now. :laugh:

CB

 

[nasa1974]

I have no doubt that the FRTIB (I got it right) made the move they did to keep Barclays from going under just like some of the other banks in 2007 and early 2008. If Barclays would have had to cover the profits that where made in September/October/Novemebr "07" one more time they would have tanked. But why the FRTIB lied to us and punished us for Barclays short comings I have no clue.
Changes need to be made in the leadership of the FRTIB and the way that we as members of the TSP can invest our money to insure a comfortable retirement. I know only a few of us are outspoken and some are working behind the scenes and most of the membership doesn't care or will not get involved, but we need to do something that will improve our chances to invest our money wisely.

 

[Guest2]

:nuts: Flagrant Retards Through Idiotic Bull :nuts:

 

[nasa1974]

:nuts: Flagrant Retards Through Idiotic Bull :nuts:

LOL

 

[nasa1974]

This is from CNNMoney:

June 26, 2008: 4:26 AM EDT

BRUSSELS, Belgium (AP) -- Brewer InBev SA on Wednesday pressed Anheuser-Busch for an answer on its $46 billion takeover offer, and the maker of Budweiser beer was prepared to reject the offer, according to a published report.

The Belgium-based maker of Stella Artois said it wrote to Anheuser again on Wednesday to assure the company's board that it has struck deals with a group of banks and has already paid commitment fees to finance the takeover over.

Meanwhile, InBev says it has paid $50 million in commitment fees to a lending group that includes Banco Santander, Bank of Tokyo-Mitsubishi, Barclays Capital, BNP Paribas, Deutsche Bank, Fortis, ING Bank, JP Morgan, Mizuho Corporate Bank and Royal Bank of Scotland.


Does this mean that we will own a little bit of Budwiser if the deal goes through? At least we now know what Barclays is doing with the profits they have gotten from the TSP.

May the force be with you.

 

[Guest2]

Does this mean that we will own a little bit of Budwiser if the deal goes through? At least we now know what Barclays is doing with the profits they have gotten from the TSP. May the force be with you.

Barclays is diversified into many different groups, however, if we do
get a shot at part ownership, I want a discount and free delivery. :nuts:

 

[luv2read]

This is from CNNMoney:

June 26, 2008: 4:26 AM EDT

BRUSSELS, Belgium (AP) -- Brewer InBev SA on Wednesday pressed Anheuser-Busch for an answer on its $46 billion takeover offer, and the maker of Budweiser beer was prepared to reject the offer, according to a published report.

The Belgium-based maker of Stella Artois said it wrote to Anheuser again on Wednesday to assure the company's board that it has struck deals with a group of banks and has already paid commitment fees to finance the takeover over.

Meanwhile, InBev says it has paid $50 million in commitment fees to a lending group that includes Banco Santander, Bank of Tokyo-Mitsubishi, Barclays Capital, BNP Paribas, Deutsche Bank, Fortis, ING Bank, JP Morgan, Mizuho Corporate Bank and Royal Bank of Scotland.


Does this mean that we will own a little bit of Budwiser if the deal goes through? At least we now know what Barclays is doing with the profits they have gotten from the TSP.

May the force be with you.

I want my stock certificate for JPM/BSC....$30M taxpayer bailout.

 

[nasa1974]

Well the second quarter is behind us. Talk about a squirrely 3 months and all with only 2 IFT's. Thanks to my bi-monthly contributions I actually made some money. For the second quarter I am looking at 4.97% and for YTD I am at 2.74%. Let's hope the market in the third quarter will make all of us some money.

Below is a link to govexec.com and an interesting article about our TSP. There are some people involved that represent us and positions and names are mentioned. We need to write these folks to try and improve our availibility to manage our accounts. With the market the way it is it would be nice if we could see 4 IFT's per month or at the very least move our trade time from noon eastern to 4 or 6pm eastern. I know that I am fairly new to the MB and others before me have tried to convince our politicians to help us but this may be an opportunity we shouldn't pass up. Let's see what we can accomplish.


http://www.govexec.com/story_page.cfm?articleid=40347&dcn=todaysnews


May the force be with you.

 

[Steadygain]

Let's hope the market in the third quarter will make all of us some money.

It probably will towards the end, but it seems easier now to just accept the downward trend.

May the force be with you.

And also with you my friend.

Sounds like you've done very well in the worse Markets in years. Good Job !!

 

[nasa1974]

Decision Decision!!! Do I jump off the lilly pad today or tomorrow???? Everything is pointing to a good bounce (at least what I am reading and listening to) for a few days. Went with a gut feeling last month and made a few dollars but was a day early in and a day early out. The feeling was correct but the timing was off. Oh, well! Took another leap and asked EW to get me started in the tracker. Now everyone can see how bad I will be doing. :nuts:

Good Luck to all in July.

May everyone have a safe and happy 4th.

May the force be with you.

 

[Steadygain]

Decision Decision!!! Do I jump off the lilly pad today or tomorrow????

Good Luck to all in July.

May everyone have a safe and happy 4th.

May the force be with you.

If you're on the lilly pad there is no hurry to jump off. At this point we don't know if the rally is going to be very brief - and I'd hate to see you make the same mistake I made.

For the more frequent ITFs - you're probably better off waiting for stability to prove itself (instead of going on a hunch).

You (and yours) have a great 4th as well !!:cheesy:

 

[nasa1974]

I am now a member of the IFT Tracker. Now everyone can see how poorly I will be doing. :nuts:

Jumped off the lilly pad, 40%G/20%CSI. Of course all funds will be positive today. I was going to make a move yesterday but just could't pull the trigger. Day late and a dollar short. GL to all.

May the force be with you.

 

[Guest2]

We'll be Watch'n Ya like Britney Spears !

 

[nasa1974]

We'll be Watch'n Ya like Britney Spears !

LOL That makes me feel much better. Thanks a lot!

 

[nasa1974]

Made my second move. Looking for the bounce mid week. Hoping for a profit and then back to the lilly pad for me. 20G/35C/10S/35I.

May the force be with me..........

 

[nasa1974]

This is from StockTiming.com today.

"How the Financial Sector turmoil stacks up as we start the week ....​

At the close on Friday, the Banking Index was at 54.67. The 1998 support was 54.57. In spite of Freddie Mac and Fannie Mae's huge drops, the Banking index HELD the 1998 support.
If it closes above the 2002 resistance at 60.87, then we should see the Banking Index move up to its 65.75 resistance that was set in 2003.

This Thursday, July 17, 2008 at 5:00 PM ET, Merrill Lynch will announce its Second Quarter 2008 Earnings. The market is really nervous about this one, and investors are afraid that "another shoe may drop" when they announce. This has to be a hindrance for the Banking Index to move up bravely now after a very oversold condition."


Let's hope for a good bounce the next couple of days. I need about $1200 to get even for the month of July. This whole financial thing really makes it difficult to decide if I should jump back into "G" or try to ride out the month. Going to be a tough call. Thanks to everyone trying to read the market and passing on the information.

May the force be with us.

 

[hessian]

This is from StockTiming.com today.
"How the Financial Sector turmoil stacks up as we start the week ....
At the close on Friday, the Banking Index was at 54.67. The 1998 support was 54.57. In spite of Freddie Mac and Fannie Mae's huge drops, the Banking index HELD the 1998 support.
If it closes above the 2002 resistance at 60.87, then we should see the Banking Index move up to its 65.75 resistance that was set in 2003.

This Thursday, July 17, 2008 at 5:00 PM ET, Merrill Lynch will announce its Second Quarter 2008 Earnings. The market is really nervous about this one, and investors are afraid that "another shoe may drop" when they announce. This has to be a hindrance for the Banking Index to move up bravely now after a very oversold condition."

Let's hope for a good bounce the next couple of days. I need about $1200 to get even for the month of July. This whole financial thing really makes it difficult to decide if I should jump back into "G" or try to ride out the month. Going to be a tough call. Thanks to everyone trying to read the market and passing on the information.
May the force be with us.

nasa,
Nice observations. Watching the news just before the noon deadline, I was stunned by how many "other" Financial institutions, were all suddenly also making their earnings [loss] statements suddenly. Now I'm no analyst, but it made me wonder, why are they all coming out of the woodwork now, all at the same time? Are we to expect they now all want bailouts too? :suspicious:
I did decide to cut out & run with whatever today gives/takes
VR

 

[Fivetears]

Like a bunch of greedy children; "He got one!" "She Got ONE TOO!" "Why can't I get one?" "Me too." "DADDY! THEY WON'T STOP HITTING ME!"

...why are they all coming out of the woodwork now, all at the same time? Are we to expect they now all want bailouts too?

 

[nasa1974]

It has been a few days since I posted. This has been a tough week. I have lost almost 3% this month. However, today may make a small dent in that loss. :laugh:

This was just posted on Govexec.com. We all need to be heard on this issue. I know some of you have tried before and got bloodied. But that was just one battle of the war ahead of us. Here is the link: http://www.govexec.com/story_page.cfm?articleid=40481&dcn=todaysnews

This is the response I had to the article.

If you are going to force all new government employees into the "Thrift Savings Plan" then the FRTIB must lift their punishing restriction of (2) two IFT's a month and allow an Inter-Fund Transfer by 4:00pm eastern instead of noon eastern. If you are going to automatically enroll all new government employees then we need to have better control over our money. I feel sorry for any current dedicated and skilled government worker that lives in Alaska or Hawaii and wants to make an IFT under these restrictions. They have to make a decision by 8:00am and 7:00am respectively. That gives them little time to follow the market and make a good and sound decision. If you are going to force all government employees into TSP then you must give us better control of our retirement nest egg.

I plan on writing to some of these people if I can find addresses. We all need to write letters expressing our concerns in regards to controlling our retirement fund. This may be the very opportunity we have been waiting for.

MAY THE FORCE BE WITH US.