NSurf9 Account Talk

[nsurf9]

Is that Santa's sleigh bells aringing or is that really a huge bear ring one on a euro to train wreck locomotive.

Jeffrey Hirsch, at Stock Traders Almanac, which says that the traditional period for the Santa Rally is the last five trading days of December and the first two of the New Year when markets historically move significantly higher for periods dating back more than sixty years.

http://wallstreetsectorselector.com/2011/12/yes-jeff-there-will-be-a-santa-claus-rally/

I believe, I believe, I believe, but, first there's the drop, then the bump, then the prayers for dear life. This year's ride has to be just as wild as any.

Also check a link in the Jeffrey Hirsh article:

"6 Reasons to Believe in a Santa Claus Rally"
http://wallstreetsectorselector.com/2011/12/yes-jeff-there-will-be-a-santa-claus-rally/

 

[nsurf9]

Is a door to an injunction open? See "My money, our fund, and the 2008 IFT rule" thread in "TSP News" TSP Talk section.

Though Plan participants and other fund fiduciaries retain the
right to sue Board members, the amendments do not permit any
claims for monetary recovery against these individuals.

 

[Show-me]

If you would be willing to contribute to a legal fund to change the IFT rules to allow more transfers. Please reply YES so this threat stays on top for others to see.

I'm in, when you need a donation send me PayPal or physical address or funnel it through Tom.

 

[nsurf9]

I'm in, when you need a donation send me PayPal or physical address or funnel it through Tom.

Showme, Nnutt, thanks for the vote. If we want it, I belive we can . . .

I'll need to find the law on TSP members retaining the right to sue and see that it remains intact thru the subsequent amendments, but this right, even without a monitary recovery, may well permit TSP participant-members reclaim what was, and still is, theirs and that the Director and its Board hold mere legal title, and that TSP members hold the real and equitable title to our own money.

 

[silversurfer]

Consider this a big YES from me also. If a fund is created, let me know.
Best of luck to us all this new year.
Merry Christmas all

 

[Geaux4it]

Count me in. I will contribute what I can to the cause.

 

[Kaufmanrider]

Count me in.

 

[eccougar]

I'm in.

 

[vic]

count me in. The rule they imposed on us has caused us all a lot of grieve.

 

[vic]

I'm in.

 

[Bronco07]

N9 ..... I'm in for the cause. Lack of IFT's causes monetary pain on all TSP'ers. Say the word....

Merry Christmas & Happy New Year. Enjoy time with your families

 

[pigeonguy]

Count me in also nsurf.

And Merry Christmas to all

Mark

 

[p3a]

I'm in.

 

[Birchtree]

My wife of many years would always ask "you in yet".

 

[DakotaKid]

As an original 1%'er, i'm definately in!

 

[Aireman]

All for it... Count me in please.

 

[nsurf9]

This is worth repeating.

A TSP participant can bring suite againt the Board and the Executive Director of the TSP.
And, I believe an class action for injunctive relief of the 2008 IFT limit is open.

See the Lebowitz *** section below. Any thoughts? This would not be a signed petition to request, this would be a U.S. District court order to rescind, reform, or seek specific performance of the 2008 IFT rule - not see monitary damages (but I wish we could . . . maybe a new Board and Director would do).

The excerpts, below, are from “The Thrift Savings Plan: Putting Customers First? Hearing before the Committee on Government Reform – House of Representatives, One Hundred Eights Congress, First Session, July 24, 2003. Serial No. 108-71 - TOM DAVIS, Virginia, Chairman


Mr. Lebowitz, thanks for being with us.
Mr. LEBOWITZ. Good morning Mr. Chairman and members of the
committee. My name is Alan Lebowitz; I’m Deputy Assistant Secretary
for Program Operations of the U.S. Department of Labor’s
Employee Benefits Security Administration [EBSA].

As in ERISA, the Secretary has broad authority to investigate
and audit the activities of the Board and other Plan fiduciaries.
When FERSA was enacted in 1986, the Secretary had the power
to bring civil actions against the Plan’s fiduciaries for breaches of
their fiduciary responsibilities. This changed in 1988, when Congress
amended the act and specifically precluded suits by the Secretary
against the Board’s members and Executive Director.

********Though Plan participants and other fund fiduciaries retain the
right to sue Board members, the amendments do not permit any
claims for monetary recovery against these individuals. *****

The 1988
amendments treat actions against the Board for recovery of losses
to the fund as tort actions against the United States, which are defended
by the Attorney General; however, nothing prevents the Department
from bringing an action for recovery against other TSP

 

[JamesE]

I'm in, just let me know how much.

I want a 3-3:30pm cut-off and unlimited moves... period.

 

[uscfanhawaii]

Count me in!! More IFTs per month, and a later deadline for making the IFTs! Not sure we can get any better outcome than 2008, but at least we can make sure that they know that we are still here!
2 related points:
1) I notice on any given day, if you look at the IFT postings from the Autotracker, there are usually about as many going in as are coming out of the equity funds regardless of what the market is doing....so how much trading does the TSP really have to do anyway?
2) Isn't the board committed to daily trades already with the L funds? They rebalance them EVERY day!

:nuts:

 

[SteelSaving]

Careful there, the board might get rid of the L funds with that talk.
Oh wait, maybe that would open the eyes of the buy and holders...

Hmmm...