NSurf9 Account Talk

[nsurf9]

CHOOSE TO SAVE, CHOICE TO PROFIT (REVISITED)

Perhaps writing each advisor counsel member (below) and reciting to them that since April 1, 2008, the new IFT rules have serisously interfered with your ability to be proactive with your retirement account; it has subantially diminished your abilty to profit; and, it has needlessly subjected your retirement to substantial risk of loss in a very bad financial market, precisely at a time when you needed flexibility.

That because of the sheer magnitude of money invested in the TSP, trustees owe fund members good financial information to make intelligent decisions.

That the TSP fund should have the same duties owed to it as any other trust: loyality, obedience, and care., And that although legal ownership may be vested with the TSP Board and/or its assigns, equitable ownership belongs solely to its members.

Ask how much money have TSP members lost since April 1, June 2 of 2008.

Ask why can't members have 4, 6, or more ITF per month and ....

DEMAND, WHAT IS THE COST OF AN IFT !!!!!

IF the price is a burden on the fund, then why can't individual members chose to pay for it.


http://www.tsp.gov/features/etaclist.pdf

Ok, the beer wore off.

 

[luv2read]

because the board is appointed not elected and we have no rights other than to contribute and withdraw to fund private accounts. Watch how much of that "G fund" money disappears in loans and hardship withdrawals over the next 18 months.

 

[nsurf9]

Whether the Board is "cloaked" with immunity or "appointed" should not obviate these fundamental duties.

 

[nsurf9]

Thinking of making a quick IFT to G to duck the Gustof and sale data and long weekend.
We'll get new IFT Tuesday.

 

[JTH]

Thinking of making a quick IFT to G to duck the Gustof and sale data and long weekend.
We'll get new IFT Tuesday.

I scaled back a little S & I back to G today. I just can't imagine how tommorow's market can be positive with a hurrican hitting our coast over a three day weekend.

Then again, maybe others will see it as a buying opportunity... :suspicious:

 

[nsurf9]

Definately - not where its predicted to go - a field of 14,000 oil/natural gas platforms

 

[nsurf9]

I scaled back a little S & I back to G today. I just can't imagine how tommorow's market can be positive with a hurrican hitting our coast over a three day weekend.

Then again, maybe others will see it as a buying opportunity... :suspicious:

Gov release: Strategic Oil Reserve will be available to supply oil as Gulf hurrican relief.

 

[Steadygain]

IF the price is a burden on the fund, then why can't individual members chose to pay for it.

It's a very complicated process.

I'd say in all sincerity that 98% or more of all TSP Accounts leave their positions unchanged and so the IFTs are not a concern.

The 1% - are much more aggressive. They closely watch the Markets and make a point of staying in tune with events that lead them to withdrawl to SAFETY or push to BIGGER GAINS.

Given only this - THE 98% WOULD WANT FREE ITFs.

*******************************************************

The real matter at hand had NOTHING do with IFTs - but is related to something L2R discovered. Here the "3,000" became a convenient target - it was a "brillant move" and by highlighting this and aggressively going after it - the focus went where it needed to go and we got screwed. Welcome to the business world - this is how Corporations operate and the deal is done - case is closed.

 

[Birchtree]

The majority of employees take a working life time to accumulate their balances and should concentrate on that endeavor. There is plenty of flexibility remaining in TSP to provide further opportunity but it really takes money to make money and that takes time to build. For those that want even more flexibility and control there are plenty of outside options available. As always one should learn before churning and never under any conditions shut off your contributions and that includes bear markets. Always look past the gloom for intelligent buying opportunities.

 

[Steadygain]

The majority of employees take a working life time to accumulate their balances and should concentrate on that endeavor. There is plenty of flexibility remaining in TSP to provide further opportunity but it really takes money to make money and that takes time to build. For those that want even more flexibility and control there are plenty of outside options available. As always one should learn before churning and never under any conditions shut off your contributions and that includes bear markets. Always look past the gloom for intelligent buying opportunities.

AMEN !! Birch.

That's why you're not just a brother - you're my BIG BROTHER.

Very well put!

 

[nasa1974]

CHOOSE TO SAVE, CHOICE TO PROFIT (REVISITED)

Perhaps writing each advisor counsel member (below) and reciting to them that since April 1, 2008, the new IFT rules have serisously interfered with your ability to be proactive with your retirement account; it has subantially diminished your abilty to profit; and, it has needlessly subjected your retirement to substantial risk of loss in a very bad financial market, precisely at a time when you needed flexibility.

That because of the sheer magnitude of money invested in the TSP, trustees owe fund members good financial information to make intelligent decisions.

That the TSP fund should have the same duties owed to it as any other trust: loyality, obedience, and care., And that although legal ownership may be vested with the TSP Board and/or its assigns, equitable ownership belongs solely to its members.

Ask how much money have TSP members lost since April 1, June 2 of 2008.

Ask why can't members have 4, 6, or more ITF per month and ....

DEMAND, WHAT IS THE COST OF AN IFT !!!!!

IF the price is a burden on the fund, then why can't individual members chose to pay for it.


http://www.tsp.gov/features/etaclist.pdf

Ok, the beer wore off.

Nsurf, The board does not care. We are the minority and they do not want us to move large sums of money around to make money. This hurts the majority of those that do nothing but sit on their accounts. Some interesting reading I posted on my account. Hope you have time to read it. It may answer some questions but I think it will only have us asking more questions.

May the force be with us.

 

[luv2read]

One question to ask is why the majority of the accounts with the largest balances (over $1M) are in that aggressive 1% and not the passive/inactive 98%? Perhaps they KNOW HOW TO MAXIMIZE THEIR RETURNS? How many of the passive/inactive 98% have over $1M to show for the same period of time?

However, as NASA said, the Board does not care. They have abdicated their responsibility to protect TSP shareholders best interests in favor of protecting Barclays bottom line, all under the guise of carrying out their fidicuary responsibility by building a case against 1% of the shareholders who were doing a better job managing their money than the contractor who is getting paid to do it.

 

[BIGBULLY]

Big Ditto! - BigBully

One question to ask is why the majority of the accounts with the largest balances (over $1M) are in that aggressive 1% and not the passive/inactive 98%? Perhaps they KNOW HOW TO MAXIMIZE THEIR RETURNS? How many of the passive/inactive 98% have over $1M to show for the same period of time?

However, as NASA said, the Board does not care. They have abdicated their responsibility to protect TSP shareholders best interests in favor of protecting Barclays bottom line, all under the guise of carrying out their fidicuary responsibility by building a case against 1% of the shareholders who were doing a better job managing their money than the contractor who is getting paid to do it.

The past negative returns in the TSP over the past year has many at a loss - NEGATIVE, cuz they're not actively minding the store - leaving it to the pros - a Big NO NO!!

 

[Steadygain]

One question to ask is why the majority of the accounts with the largest balances (over $1M) are in that aggressive 1% and not the passive/inactive 98%? Perhaps they KNOW HOW TO MAXIMIZE THEIR RETURNS? How many of the passive/inactive 98% have over $1M to show for the same period of time?

Luv2read,
Have been scanning through the posts to find something to start the day off right. Always look for that "bright spot".

Thank you - this is excellent !

 

[FUTURESTRADER]

nice move by you and 2Easy to be in G today, NSurf9. You both are making it look '2 easy'

 

[nsurf9]

Futurestrader, thanks

Well, I have of 1 day's flexibility when it mattered and able to protect against loss and now attempt to maximixe profitability in September. My timing is still a little off and the I fund has been a b!t#$h, else I would have hung in I one more day. It seems to be true - "when the US sneezes, the rest of the world gets a cold." Further, when the US is getting well, the rest of the world makes plans to visit, but may cancel if they hear even a single sneeze.

At least today, however, the rest of the world and finally the EAFE is getting bump from the US showing signs of getting well, without the EAFE getting crushed between tops. And, the I fund is beginning to showing an uplifting off its bottom. It has been exceptiononally trecherous, but perhaps now, so low as to be a little safer.

On the choose to save theme - what these bafoons don't realize is, if Federal Gov employees had flexibility and did show attractive profits, members would be more interested in adding to their account (April 1, I would robbed banks to add to my account) and if the Government had one of the best retirement plans in the world, it would be more attactive to new and brighter employees, despite often being under paid, as compared to the private sector.

... to all have a nice, safe Labor Day Weekend.

 

[nsurf9]

Today's four and quarter loss in I fund and ~3% losses in C, S may be an indication the cliff could be very close. The shark just swam by. Whatever you may call it. Its close. Be very wary!

 

[Steadygain]

Today's four and quarter loss in I fund and ~3% losses in C, S may be an indication the cliff could be very close. The shark just swam by. Whatever you may call it. Its close. Be very wary!

It's strange because half of "my group" are going to be telling me: 'See I told you - GD it you should have listened' and all the more they'll be saying the worst is yet to come.

I have to admit, this is one of the few times I'm getting concerned. But the minute I bail - the rocket takes off

 

[JTH]

Honestly I wouldn't touch the I fund with Birch's money :toung:

But, if we are looking ahead we know the dollar has risen too quickly and needs to fall back some and OPEC may start peddling their influence on oil prices again.

I'm not an I smart guy, but I certainly hope you picked it up close to the bottom

 

[RPM]

Today's four and quarter loss in I fund and ~3% losses in C, S may be an indication the cliff could be very close. The shark just swam by. Whatever you may call it. Its close. Be very wary!

Futures are really bad already. After hours of the ETF are also way down! Cliff tomorrow???