nasa1974's Account Talk

[nasa1974]

I have nothing profound to say. I just wanted to get off the second page.

 

[crws]

I have nothing profound to say. I just wanted to get off the second page.

it's a slow board day for the workin folk

 

[WorkFE]

I have nothing profound to say. I just wanted to get off the second page.

That is so profound:nuts:

 

[nasa1974]

Went golfing yesterday and it doesn't look like I missed much. Gave everything back on Monday that I earned last Friday. Nice little bounce yesterday. Finished negative for the month. 3 out of the last 4.

 

[nasa1974]

I burned my 1st IFT today and went back to the lily pad. Hate using the first one on the first of the month but my buy and hold has really hurt the retirement fund. May and June should have added to my account and I got burned bad. July was profitable but one heck of a roller coaster ride. August teased me and then slapped me around hard. September is notorious for being a downer and today so far it is looking good. Got to take the money and run. :nuts:

Good luck everyone. We need it.

 

[nasa1974]

Now that I am out September will be one of the best ever.

 

[Birchtree]

Sticky pants will show their worth today and the rest of the week.

 

[crws]

Now that I am out September will be one of the best ever.

that would be an anomaly. Although did you see that Chase is eliminating it's proprietary trading desks?

http://www.google.com/hostednews/ap/article/ALeqM5hugSkfXmppp2vJ1VZXH2XACJNkrAD9HUN8900

 

[Guest2]

Now that I am out September will be one of the best ever.

I bailed today, with the ability to go back in later. If the consumer comes
back and retail improves, Oct thru Dec could leave 2010 up YTD.

 

[Birchtree]

SB,

Thanks for moving over. Traffic on the tracker has cleared nicely lately. Watch the F fund go bomb.

 

[Guest2]

Pooh Birchtree ! I'm hitting more then striking out ! If I stayed in the (C)
Fund since January 2010. (as you always suggest, be right and sit tight)
I'd be down 4.6% YTD. My 14.3% (not on the tracker) suites me just fine.
Don't forget, I'm the king of "Hit and Run". :nuts:

 

[nasa1974]

From our FRTIB folks. I believe you can see this on the TSP site as well. The second announcement is interesting.

Plan News and Announcements


Plan News was updated on September 1, 2010.


TSP will be closed on Labor Day — The Thrift Savings Plan will be closed on Monday, September 6th, in observance of Labor Day. Transactions that would have been processed Monday night (September 6th) will be processed Tuesday night (September 7th), at Tuesday's closing share prices.



L 2010 Fund to close — The L 2010 Fund reached its time horizon on July 1, 2010 and now has a final asset allocation that is identical to the L Income Fund. On December 31, the L 2010 Fund will be closed. If you have investments in the L 2010 Fund, they will be moved to the L Income Fund on December 31. If you have allocated any portion of future contributions to the L 2010 Fund, that allocation will be automatically changed to the L Income Fund. You do not need to take any action, but if you want to change your contribution allocation or do an interfund transfer to change the investment mix of money already in your account, visit My Account.

 

[nasa1974]

GovernmentExecutive.com

TSP has poor showing in August

By Emily Long elong@govexec.com September 2, 2010

"After a month of good news, eight of 10 TSP funds posted negative returns for August."

Here is the link: http://www.govexec.com/story_page.cfm?articleid=46040&oref=todaysnews

An interesting comment at the end of the article. Anybody want to add their own?

 

[nasa1974]

OK, so is September going to prove everybody wrong and do just the opposite of what it should? Right now it looks like I jumped too soon. Yesterday was interesting at the finish and so far Asia and Europe is pretty green.

But I will take my 3% plus and sit tight for a little while. May, June and August took a nice chunk out of my account and September isn't over yet and I still have one IFT left to get back in.

Good luck everyone.

 

[nasa1974]

The way last week ended I thought maybe I jumped out of the pond too soon. Could have added another +2% to my account. But I figured what the heck I am still on the plus side for the month and September does have issues. With the way today is starting, being on the lily pad might not be so bad after all. :suspicious:

Good luck everybody.

 

[nasa1974]

The FRTIB meeting minutes for the July have been posted. Here are some short quotes from the meeting minutes:

"The I Fund underperformed by 76 basis points in June and 83 basis points for the year to date, primarily because of fair valuation adjustments on May 28 and June 30. Ms. Ray noted that the trading costs for the I Fund reached 18.8 basis points for the year to date, which is relatively high compared to the F Fund, C Fund, and S Fund."​

"Participants made approximately 91,000 interfund transfers in June as they moved $15 million out of the G Fund, $382 million into the F Fund,
$224 out of the C Fund, $12 million into the S Fund, and $175 million out of the I Fund. These numbers represent a significant reduction in interfund transfer activity from May."​

Here is the link to the meeting minutes. http://www.frtib.gov/pdf/minutes/2010Jul.pdf

 

[nasa1974]

Dang it! Really thought September was going the way of August. I did get out with an additional +2% in my account. So that is a plus. But it looks like I jumped out to soon. Now with only one IFT left for the month do I want to jump back in on the upswing? GGGRRRRR!!!!!

 

[nasa1974]

What the heck. No guts no glory. Jumped back in 40,30,30 CSI. Good luck all. :worried:

 

[felixthecat]

From my standpoint...you made the right move now. Better to be in when nobody loves the market. I certainly have no love for it.

 

[Birchtree]

The less you wash sticky pants the better they hold to your shape. The same is true of denim.