NSurf9 Account Talk

[nsurf9]

Like Ebandflow, I usually look to the "I" fund for the highest return. But, keep appraised of Franc, Yet, Pound and Euro exchange rate. Up and down cycles usually begin in US.

Staying "I" 100% as long as possible to save IFTs. I belive we may get 1 may 2 more days (80 I cents) increase, at least. I would rather have stayed 30%C/70%S from last week, and then move to "I." But the .25% drop in the Fed's pocket will keep the dollar from rising too quickly.

 

[Intrepid_Timer]

In Feb I made 4 IFTs and none was to I fund and I still got a letter to mail it in from now on..

Perhaps they took your avatar personally.

 

[crhuss]

I am very eager to support any action that will get me back in the game. Count me in 110%. What do I need to do?

 

[nsurf9]

Don't look for any IFT from me for a while. I'm now in "I" 110% because I'm apparently permanently relegated to IFTs (4 trades in Jan/Feb) by mail. Luckily, I believe the markets are in for a little upswing, unless more cracks in the whole Wallstreet machine manifest.

 

[nsurf9]

Correction - I can electronically trade until 3/31/08 at high-noon EST. May as well be hung as a wolf, than a sheep. "Friends don't let friends buy and hold."

 

[Guest2]

Don't look for any IFT from me for a while. I'm now in "I" 110% because I'm apparently permanently relegated to IFTs (4 trades in Jan/Feb) by mail. Luckily, I believe the markets are in for a little upswing, unless more cracks in the whole Wallstreet machine manifest.

Bro, I'm in the same boat ! I believe they stated in their letter, that we
will be on snail mail status "until (at minimum) May". That's their estimated
time they plan on implimenting the automated 3 Limit software. Then, we
will be able to do Electronic Transfers as before. Of coarse, only with the
3 Limit Restriction being in place.

 

[Asylum]

Bro, I'm in the same boat ! I believe they stated in their letter, that we
will be on snail mail status "until (at minimum) May". That's their estimated
time they plan on implimenting the automated 3 Limit software. Then, we
will be able to do Electronic Transfers as before. Of coarse, only with the
3 Limit Restriction being in place.

Strikes me as silly to restrict your access for a single month... why not hold off until the software is installed to limit everyone's access?

Are they bluffing everyone perhaps?

 

[Guest2]

Strikes me as silly to restrict your access for a single month... why not hold off until the software is installed to limit everyone's access?

Are they bluffing everyone perhaps?

After getting an e-mail from Emswiler, IMO, they are going to restrict me
until the software can control my horid behavior. That $3.55 cost per year
is enough to take away everyones rights! I don't think there bluffing. From
your mouth to God's ear, I can only hope they are !

 

[Guest2]

By The Way, Didn't Dr. Emswiler get shot in the X-Files.
:nuts::laugh:

 

[nsurf9]

Does anyone have an estimate on how much an IFT cost is per fund, per dollar or share? What's the source?

 

[nsurf9]

Staying 100% G.

Lots of potential risk and reward this week - but markets are already up at 12pm, 3/31/08. Although the day is not over, I will look to send in a transfer next week (by US Mail) and await its "processing as received" - if, this week shows an upward trend.

Hopefully, an injunction will stay the new 2 per month IFT limit or someone will exercise some good (even a little) common sense.

As a matter of note, the reason I got in to moving TSP funds was that I noticed every summer, my TSP fund would take a beating. I didn't know why. So, I stacked all of the returns for Jan, Feb ... Dec on a spreadsheet, graphed it, and then started slicing and dicing the data.

From this, I found that "if, I just put everything in G from May to October, I would have been 67% better off. I had never heard of the "Sell in May and go away, come back in September (or October)" lymric. And, back then, IFTs had to be mailed by midnight on the 15th of the month and funds would be reinvested on the 1st of the next month. Unfortunately, I believe that, that lymric has lost a lot of its validity in todays global market, however, but nontheless still believe I (and you) can fashion a stategy that does better than the equity individual funds - even with the 2 move per month limit.

 

[Gumby]

nsurf9,

Are you going to try an IFT through the web and see if it works or the Thrift Board is just bluffing everyone they sent a letter to.

I am betting that an electronic IFT will still go through.

 

[Asylum]

nsurf9,

Are you going to try an IFT through the web and see if it works or the Thrift Board is just bluffing everyone they sent a letter to.

I am betting that an electronic IFT will still go through.

You'd be wrong on that...

http://www.tsptalk.com/mb/showpost.php?p=157990&postcount=8

 

[Guest2]

nsurf9,

Are you going to try an IFT through the web and see if it works or the Thrift Board is just bluffing everyone they sent a letter to.

I am betting that an electronic IFT will still go through.

Remember, we were told that instead of the Transaction Completed
Screen, we would be redirect to a Request for a TSP-50 Form page.
Even if that doesn't occur and the transaction "appears" to have gone
through, I suspect the processors will have "us" flagged and the IFT
will not be processed due to restrictions. Heck, they might even send
"us" a confirmation email explaining such.

 

[Gumby]

You'd be wrong on that...

http://www.tsptalk.com/mb/showpost.php?p=157990&postcount=8

Wouldn't be the first time!
I thought there would bluff until the rule became finalized. I guess the rule is final in their minds.

 

[robo]

Staying 100% G.

Lots of potential risk and reward this week - but markets are already up at 12pm, 3/31/08. Although the day is not over, I will look to send in a transfer next week (by US Mail) and await its "processing as received" - if, this week shows an upward trend.

Hopefully, an injunction will stay the new 2 per month IFT limit or someone will exercise some good (even a little) common sense.

As a matter of note, the reason I got in to moving TSP funds was that I noticed every summer, my TSP fund would take a beating. I didn't know why. So, I stacked all of the returns for Jan, Feb ... Dec on a spreadsheet, graphed it, and then started slicing and dicing the data.

From this, I found that "if, I just put everything in G from May to October, I would have been 67% better off. I had never heard of the "Sell in May and go away, come back in September (or October)" lymric. And, back then, IFTs had to be mailed by midnight on the 15th of the month and funds would be reinvested on the 1st of the next month. Unfortunately, I believe that, that lymric has lost a lot of its validity in todays global market, however, but nontheless still believe I (and you) can fashion a stategy that does better than the equity individual funds - even with the 2 move per month limit.

NSurf9,

You don't need a paid service that's for sure, but many folks do follow some sort of STS.

Sy does have a pretty good one. His YTD return is currently around (-6%). Maybe some things in his system you can apply towards your own.

Take Care!

Robo


Our break-through Seasonal Timing Strategy™ (STS).

Occasionally I read a funny comment about our Seasonal Timing Strategy. Our STS more than doubled the performance of the Dow, more than quadrupled the performance of the S&P 500 over the last 9 years in real-time in our newsletter portfolio, and more than doubled the market indexes over the long-term in back-testing over the previous 57 years.

But sometimes a non-subscriber thinks he has discovered a flaw, and says, "Your STS doesn't work. It underperformed the market in 2003 and in 2006." A few financial columnists have also written that "The market's seasonal pattern is an iffy thing. Sometimes it doesn't work."

Those are silly observations, apparently given with no thought or analysis



http://www.streetsmartreport.com/sts.html

 

[nsurf9]

Birchtree, my take is I should be in equities right now, also. For, all I faxed Mr. Emswiler, TSP General Counsel, and email cc'ed: Tom Davis, Virginia Congressman, 11th District the following:

Nsurf9 April 1, 2008
address

Thomas K. Emswiler, General Counsel
Federal Retirement Thrift Investment Board
1250 H Street, NW, Suite 200
Washington, DC 20005
Fax: (202) 942-1676

Dear Mr. Emswiler:

This morning, I attempted to make an interfund transfer (IFT) of my Thrift Savings Funds (TSP) and found that I was locked out of the TSP internet site system. TSP’s certified letter, dated March 13, 2008, says this is a result my executing 4 trades, instead of 3 during the month of February, 2008.

Although I signed for the certified letter, I did not receive a January 24, 2008 letter that TSP intended to take this IFT limit sanction and this radical departure from the manner it has operated for several years, nor did I have due notice.

Today, the TSP equity funds are over 1.5% and looking to upswing and I cannot capitalize on this by re-investing my funds.

For the TSP Board to summarily take the new and radically change the TSP fund with out hearing input from a suri juris voice of its member is arbitrary, capricious and unfair. And, moreover, for TSP Board to lock its members out of their funds with the out due process, giving me legal notice of its intent, is reprehensible. Since January 23, 2003, I have earned over 20% in the TSP, and now, I find myself unable make transfers, except by a paper form, through U.S. mail, when TSP gets around to processing it.

Approximately 3,500 other members are, as I understand it, also either locked into the G funds unable to move into equity funds; or, stuck in the equities funds, afraid and/or unable to timely move to the G fund (treasure funds) to safeguard their retirement.

This morning, April 1, 2008, I call the TSP “contact us” line and made demand the IFT sanction be lifted on my account because I did not receive notice of their intended sanctions action. My demand was denied.

Mr. Emswiler, both the TSP Board and Mr. Gregory T. Long, TSP’s Executive Directory, are now needlessly causing me and around 3,500 other TSP members real and current irreparable harm and that that damage will potentially amount to hundreds of thousands of dollars, arbitrarily, capriciously, and unfairly; and, with out due process.

Sincerely,


Lawrence R. Harrigan
cc: Tom Davis, Virginia Congressman, 11th District

 

[Gumby]

Birchtree, my take is I should be in equities right now, also. For, all I faxed Mr. Emswiler, TSP General Counsel, and email cc'ed: Tom Davis, Virginia Congressman, 11th District the following:

Nsurf9 April 1, 2008
address

Thomas K. Emswiler, General Counsel
Federal Retirement Thrift Investment Board
1250 H Street, NW, Suite 200
Washington, DC 20005
Fax: (202) 942-1676

Dear Mr. Emswiler:

This morning, I attempted to make an interfund transfer (IFT) of my Thrift Savings Funds (TSP) and found that I was locked out of the TSP internet site system. TSP’s certified letter, dated March 13, 2008, says this is a result my executing 4 trades, instead of 3 during the month of February, 2008.

Although I signed for the certified letter, I did not receive a January 24, 2008 letter that TSP intended to take this IFT limit sanction and this radical departure from the manner it has operated for several years, nor did I have due notice.

Today, the TSP equity funds are over 1.5% and looking to upswing and I cannot capitalize on this by re-investing my funds.

For the TSP Board to summarily take the new and radically change the TSP fund with out hearing input from a suri juris voice of its member is arbitrary, capricious and unfair. And, moreover, for TSP Board to lock its members out of their funds with the out due process, giving me legal notice of its intent, is reprehensible. Since January 23, 2003, I have earned over 20% in the TSP, and now, I find myself unable make transfers, except by a paper form, through U.S. mail, when TSP gets around to processing it.

Approximately 3,500 other members are, as I understand it, also either locked into the G funds unable to move into equity funds; or, stuck in the equities funds, afraid and/or unable to timely move to the G fund (treasure funds) to safeguard their retirement.

This morning, April 1, 2008, I call the TSP “contact us” line and made demand the IFT sanction be lifted on my account because I did not receive notice of their intended sanctions action. My demand was denied.

Mr. Emswiler, both the TSP Board and Mr. Gregory T. Long, TSP’s Executive Directory, are now needlessly causing me and around 3,500 other TSP members real and current irreparable harm and that that damage will potentially amount to hundreds of thousands of dollars, arbitrarily, capriciously, and unfairly; and, with out due process.

Sincerely,


Lawrence R. Harrigan
cc: Tom Davis, Virginia Congressman, 11th District

nsurf9-

Great Letter. Hope you get a reply.

 

[RPM]

nsurf9-

Great Letter. Hope you get a reply.

We all work for the Feds, and I deal with public comments all the time in my job at EPA. I have never seen anyone ignoring comments and the public as blatant as TSP board!!! Unfortunately, unless we can get some Congressmen to side with us and demand proper response from TSP, they will just steamroll us. I am very disappointed at my Congressmen/women's response to my letters to them on this issue.

 

[nsurf9]

TO ALL

I can effect IFT by internet and/or phone (2 per month) as a result of my request (in another thread in IFT limits) to Long, et. al.

Chris, a supervisor at TSP, confirmed that the "IFT by mail sanction" had been lifted on me because of my request. I also had a different TSP employee effect a IFT funds to "F" and then confirm the IFT. I later had TSP cancel the trade to save my 2 IFTs. The abatement may have been because I stated that, although I did not receive the warning letter not to trade, I was nonetheless sanctioned and did receive the certified letter. Also, possibly because I only had 4 trades during Jan, Feb, 2008.

I found this out today 4/8/08, at 11:30am, as a result my call to TSP to let them know how much money I had lost in potential gains, since April 1, as a result of its sanction.

Note, I tell the supervisor that because no such information appears on the TSP site that I would post what, in effect, I am posting now.

Obviously, my advice is to fax in your request, site low trades, if applicable. And, state that you didn't get the warning letter (if applicable) or that you didn't understand the criteria.

You may want to test with a IFT anyway.

Good Luck - see you back on the tracking board.

nsurf9