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nnuut's Account Talk
- Thread starter nnuut
- Start date
nnuut
Moderator | TSP Legend
Don't know where he's hiding out? PM him!
Last edited:
nnuut
Moderator | TSP Legend
Still 100% "G". Had a feeling that the FED may pull a swifty and not lower rates due to inflation. Probably will go the other way though? He may announce a .25% cut and state that this may be the last, depending on the state of the economy. UP we go ----- for awhile!
luv2read
Active member
If you do it electronically before NOON today it is effective COB today April 30. It is the last IFT for April. If it's done after 12 NOON, then it's the first IFT for May.
Ladies and gentlemen, position yourselves and start your engines.
luv2read
Active member
...THE FED
Fed trims rates by quarter point to 2%
Tweaks statement but gives no strong hint about future
By Greg Robb, MarketWatch
Last update: 2:20 p.m. EDT April 30, 2008
WASHINGTON (MarketWatch) - The Federal Reserve cut short term interest rates on Wednesday for the fourth time this year, signaling that it remains troubled by the economic outlook.
The Fed lowered its benchmark federal funds rate by a quarter percentage point, to 2%,
Rates stood at 4.25% at the start of the year.
At the same time, the FOMC removed language that downside risks to growth remain. They added a suggestion that their other liquidity moves might help the economy.
The move was expected by investors. See full story. The Fed has slowed the pace of rate cuts. The last move was a three-quarters of a percentage point cut on March 18.
The Fed is slowing the pace of its rate cuts, but did not pause altogether in order to bolster the economy and provide insurance against risk that the credit crunch will set off a downward spiral of growth.
The economy is treading water, managing to avoid slipping into recession. The Commerce Department reported earlier Wednesday that growth remained at an anemic 0.6% rate for the second straight quarter. See full story.
But many analysts say the economy can't keep treading water forever and that a recession is likely. Treasury Secretary Henry Paulson is hoping that the fiscal stimulus package will act as a life-preserver and rescue the economy.
The labor market has been weakening along with consumer spending as the housing market continues to sink to depression-era lows. In addition, gasoline prices have sky-rocketed.
But the weak dollar is boosting exports and businesses appear to have inventory levels under control.
The Fed statement shows that the central bank is still more worried about growth than it is concerned about inflation.
This is the seventh rate cut since September, The central bank has reduced overnight lending rates by 3.25 percentage points over that time span.
Many economists believe the Fed will now pause from its aggressive interest rate cutting to assess whether the government economic stimulus checks can help turn the economy around.
Some economists believe the next interest rate move will be a rate hike at the end of the year. Others believe the Fed will be forced to trim rates further to help the economy recover from the credit crunch.
The money from the government may strengthen consumer spending but will also make it difficult to judge the underlying fundamentals, economists say.
Some Fed officials have argued that rate cuts alone cannot repair financial markets.
Two Fed officials dissented from today's decision in favor of no rate cut.
In addition, the dollar has steadily eroded in recent months, putting upward pressure on import prices.
Greg Robb is a senior reporter for MarketWatch in Washington
nnuut
Moderator | TSP Legend
70% "C", 30% "S" COB today. Why, "C" and "S" seem to have formed an ascending Pendent and may be ready for a breakout. Dollar recovered some, Oil followed and dropped, the Funny Money is on its way. If we do bounce I probably won't stay there forever, this thing may be short.
nnuut
Moderator | TSP Legend
Darn Market RALLING today!!! I wanted it to start tomorrow or next week!! It never listens to me, dirty frackaracker!View attachment 3821
nnuut
Moderator | TSP Legend
Jobs less than expected -20,000, Premarket Dow up +123!!!! BAM!!!
This is what I was hoping would happen.View attachment 3827
http://money.cnn.com/data/premarket/index.html
This is what I was hoping would happen.View attachment 3827
http://money.cnn.com/data/premarket/index.html
luv2read
Active member
Don't forget about DCA into G...you don't have to go 100%. And there are the L Funds too. You could move into one of those and DCA into G from there.
This idea seems quite interesting and appealing, but I would ask anyone who has a better understanding of how to combine playing the big indexes in conjunction with the L funds to discuss the pros and cons, as well as the potential benefits. If this were to be profitable, we would soon see the additional restrictions in an effort to equalize everyone's retirement nest egg...... !!!!
After the 2 IFT, how many DCA into G are you allowed? Is it unlimited, as long as % G keeps increasing? I thought that you are only allow 1 more IFT into 100%G from wherever you are.
Confusing...
nnuut
Moderator | TSP Legend
Yeah I know, they came off of that at the last minute! Threw us a bone so we would quit bitchn'.
luv2read
Active member
After your two unrestricted IFT's to any fund including G, you are allowed UNLIMITED IFT's to G fund (thats what the new rule says). This means increasing G% and decreasing one or more other funds % (that's what TSP FAQ says). You may NOT decrease G% or increase any other fund % once you have used your two unrestricted IFT's.After the 2 IFT, how many DCA into G are you allowed? Is it unlimited, as long as % G keeps increasing? I thought that you are only allow 1 more IFT into 100%G from wherever you are.
Confusing...
example:
May 1 C/S/I > 100% G = 1 IFT
May 5 100% G > 50%C/25%S/25%I = 1 IFT
That's your two unrestricted IFT's. From here on you may IFT ONLY into G in % increments, or 100%. If you go 100%, that's it for the month.
I think they pulled another fast one on us.
Think about it. We have 2 unrestricted IFT's a month that includes G as one of the possible 2. Using your example luv2read, after May 5th you can only pull back into the G fund. Lets say starting May 6th the market sours and continues a downward spin. So you start pulling back percentages into G from C/S/I at 5% a day (maybe everyother day or every couple of days) to try and stop the bleeding. You continue the pullback until you have 5% left in the three accounts when the market starts a slow recovery. You may never redeem the losses you incured for May. It just seems your profit/loss ratio hedges more towards the loss column. You are almost forced to pull everything back into G at the first signs of weakness in the market to prevent a huge loss. Will 5% or less (in the other funds) really gain you anything? Not flaming anyone. Maybe I do not see the big picture. It just seems we have been dealt a bad hand.Similar threads
