Hi. Glad to finally be here. Fed LEO since 2001. I'm at about $250K. I've got about 4yrs 10months before I walk out the front door for the last time and I'd like to make that grow as much as possible before I do. I've gotten some great coaching from a member at work and I'm praying for the same here. I've never moved my TSP in the 15 years I've been contributing. Scared I guess, but I'm hoping to get some guidance here if that's possible. Anyways, glad to be here and look forward to learning as much as I can.
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New to TSP Talk from Central California
- Thread starter Mitchell
- Start date
- Reaction score
- 2,488
Welcome Mitchell! Sounds like you are doing very well. Buy and hold works as long as stocks remain near all-time highs, but the closer you get to retirement, the more you are at the mercy of the market, which we have seen, can be volatile. The 40% haircut that the S&P 500 took in 2008-2009 is manageable when we're young since there is time to recover, but it can be very difficult when we're older since we may not want to be taking as much risk.
Timing the market is not easy. Making big bucks is not always possible. But the key as we get older is to avoid the big losses when possible and "taking shots" when opportunities present themselves, and that can only be done by playing the timing game. There are a lot of different approaches to do that and that's something you may be looking to figure out going forward.
Good luck!
Timing the market is not easy. Making big bucks is not always possible. But the key as we get older is to avoid the big losses when possible and "taking shots" when opportunities present themselves, and that can only be done by playing the timing game. There are a lot of different approaches to do that and that's something you may be looking to figure out going forward.
Good luck!
FogSailing
Market Veteran
- Reaction score
- 61
Welcome Mitchell. Come on in, the waters fine....
FS
FS
Thank you both. Been in C Fund from day 1. Someone once told me I didn't care about my retirement if I wasn't watching and moving my money/shares on a regular basis.. Another said forget about it and let it ride which is what I've done and now I realize my projected amount may not be enough to keep me from finding an alternative or secondary income after I retire.
Which is why I am here. To learn and increase my wealth slowly and better my chances of retiring and enjoying the "golden years..lol".
Anyways.. If it's meant to be, it'll happen. It took 15 years to accrue what I've got. I don't want to do anything foolish at this point in my career.
Aloha!!
Which is why I am here. To learn and increase my wealth slowly and better my chances of retiring and enjoying the "golden years..lol".
Anyways.. If it's meant to be, it'll happen. It took 15 years to accrue what I've got. I don't want to do anything foolish at this point in my career.
Aloha!!
RealMoneyIssues
TSP Legend
- Reaction score
- 101
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