New Kid on the block

[SawBonez]

Hey everyone, just starting out here. I have been lurking and watching for a while and am ready to get it going. I am not ashamed to admit my ignorance with the market and how it works so I will be watching and listening closely to all your suggestions.

 

[Rod]

Hello SawBonez, and welcome to the circus.

Rod

 

[nnuut]

Hey sawbonez welcome to the frey. Stick around, join in, the more the merrier!
Norman

 

[Guest2]

Hey everyone, just starting out here. I have been lurking and watching for a while and am ready to get it going. I am not ashamed to admit my ignorance with the market and how it works so I will be watching and listening closely to all your suggestions.

Love the avitar ! Welcome home !

 

[tsptalk]

Welcome SawBonez!

 

[SawBonez]

Thanks guys I feel like a kid in the toystore. I just got my pin in the mail and can play with it.

It was like that ROYCO turkey machine, set it and forget it.

UGH I had for some reason 85% 2040 and 15% I for the past 2 years. I guess I got some making up to do....

 

[SawBonez]

One question just to make sure i don't do something stupid. If I change my funds tonight so say G and C will it take effect tomorrow or will it start at COB tomorrow? I think I understand it to mean changes will take place now at COB on Friday and I don't think it will hold up over the weekend so..

shall I keep it as is and change it before Noon to close out with 100% in G

Or am I reading the process incorrectly???

Thanks for explaining this.

 

[budnipper1]

Thanks guys...

UGH I had for some reason 85% 2040 and 15% I for the past 2 years. I guess I got some making up to do....

Think positive...at least you didn't hold 100% I-fund for those 2 years.
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[budnipper1]

One question just to make sure i don't do something stupid. If I change my funds tonight so say G and C will it take effect tomorrow or will it start at COB tomorrow? I think I understand it to mean changes will take place now at COB on Friday and I don't think it will hold up over the weekend so..

shall I keep it as is and change it before Noon to close out with 100% in G

Or am I reading the process incorrectly???

Thanks for explaining this.

Any fund transfer request made before noon (eastern time) will be effective on that day's market close at the day's closing prices. After noon on Friday, effective date will be the following Monday's close.

Click this link for further IFT processing clarification:
http://www.tsptalk.com/mb/showpost.php?p=211516&postcount=2
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[SawBonez]

Thanks a lot brother, that was exactly what i was looking for.

 

[budnipper1]

Thanks a lot brother, that was exactly what i was looking for.

You're welcome. If you go to the tsp homepage at http://www.tsp.gov/ and click on TSP Features , you can read the official details straight from the horses ass...err, a..I mean mouth.
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[SawBonez]

I spent like an hour there and must have looked over it. I couldn't find anything on Friday...I must have a selective reading disease:embarrest:

Thanks again.

 

[budnipper1]

I spent like an hour there and must have looked over it. I couldn't find anything on Friday...I must have a selective reading disease:embarrest: Thanks again.

Been there, done that too. As my old daddy used to say, "I'm blind in one eye and can't see out the other one".
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[KevinD]

My Dad used to say he was "hard of seein."

Welcome SawBonez.