PETITION TO INCREASE # of IFT's

[Itchn2retire]

I have transferred my savings out of TSP and into a brokerage account. No regrets here. I can trade all day and the only limitation I have now is waiting the three days for the funds to settle after a sell. It's so much easier to manage my investments than with TSP and I have way more more options to get into a specific area with ETF's.

(I still signed the petition)

 

[tsptalk]

I have transferred my savings out of TSP and into a brokerage account. No regrets here. I can trade all day and the only limitation I have now is waiting the three days for the funds to settle after a sell. It's so much easier to manage my investments than with TSP and I have way more more options to get into a specific area with ETF's.

Me too. I left $50K in there just so I'd still have a TSP account, but most went to an IRA. No regrets either.

By the way, I'm not sure if you know but that 3 day settlement just means you can't sell anything you bought with your prior sale before the 3 days.

Example:

Sell $1000 worth of ABC.

Buy $1000 worth of XYZ that same day (allowed).

Can't sell XYZ until the 3rd day.

 

[Itchn2retire]

By the way, I'm not sure if you know but that 3 day settlement just means you can't sell anything you bought with your prior sale before the 3 days.

Yes I'm aware. I just don't want to get in a habit of using unsettled funds in the event I miscalculate an entry and would like to get out. I do have one trade where I would have no issue using unsettled funds as I know I'll be holding that ETF for more than three days. Even if I got in too early and price drops after buying in.

 

[Skorcher]

I have transferred my savings out of TSP and into a brokerage account. No regrets here. I can trade all day and the only limitation I have now is waiting the three days for the funds to settle after a sell. It's so much easier to manage my investments than with TSP and I have way more more options to get into a specific area with ETF's.

(I still signed the petition)

Are you losing much on the commissions and bid/ask spread by making frequent trades using ETF's?

 

[Itchn2retire]

Are you losing much on the commissions and bid/ask spread by making frequent trades using ETF's?

Not really. $7 a trade so $14 total to get in and out. I'll gladly pay $14 to make $5k.

 

[rktect1]

Me too. I left $50K in there just so I'd still have a TSP account, but most went to an IRA. No regrets either.

By the way, I'm not sure if you know but that 3 day settlement just means you can't sell anything you bought with your prior sale before the 3 days.

Example:

Sell $1000 worth of ABC.

Buy $1000 worth of XYZ that same day (allowed).

Can't sell XYZ until the 3rd day.

I very much want to pull all my tsp money out and put it into my Vanguard account but I am worried about what that might cost me. If I move it directly into a roth IRA, I suppose then maybe nothing right?

 

[tsptalk]

Not really. $7 a trade so $14 total to get in and out. I'll gladly pay $14 to make $5k.

Fidelity just lowered their commissions to $4.95. I assume others will follow.

https://www.fidelity.com/trading/commissions-margin-rates


And of course robinhood.com is free.