Personal Investment Performance (PIP)

[lefield]

Just trying to confirm what the term Personal Investment Performance (PIP) means on TSP.gov on your account page. I've sent an email to the website but they have not posted anything explaining it. I assume grossly that it is a comparison of my account balance today (well the 1st of what ever month) over the account balance 12 months ago. However, in economics, I find that the obvious is not the truth many times. For example, one person has suggested it is the amount minus new contributions but that doens't seem to make sense which could make it right

Any thoughts

Thanks

 

[Show-me]

Welcome and good question. I will look into it and get back after work.

 

[malyla]

Just trying to confirm what the term Personal Investment Performance (PIP) means on TSP.gov on your account page. I've sent an email to the website but they have not posted anything explaining it. I assume grossly that it is a comparison of my account balance today (well the 1st of what ever month) over the account balance 12 months ago. However, in economics, I find that the obvious is not the truth many times. For example, one person has suggested it is the amount minus new contributions but that doens't seem to make sense which could make it right

Any thoughts

Thanks

You might find want you need in this thread http://www.tsptalk.com/mb/showthread.php?t=7253

It was a little hard to find as it's in tsp news under misc under tsptalk forums. Post 37 has my take on the issue.

G.L.

 

[lefield]

Thanks for the link to the part that talks about the PIP. I had not seen that or likely would not have asked the question :-( Guess that I am still wary as to what exactly the PIP is as I read that thread to indicate that it could be one of several versions, all of which sound good. Hopefully someone from the TSP board can eventually answer the question either on this site or the .gov site one day ???

 

[tsptalk]

Welcome lefield, and thanks malyla and show-me for helping!

 

[Boghie]

The PIP appears to be an Internal Rate of Return calculation.

It is extremely close to my IRR provided by Quicken. I increased my contributions in June to accumulate equities on sale...