Playing the I fund

[Gilligan]

Ball park estimate: Local currency is +0.3%, the dollar was higher but it just dipped at +0.05%, so the USD should be about +0.25% for a gain of 5 cents to around $19.90, and if Barclays corrects the 11 cent FV then we could be looking at $19.79, but if the US markets rally this afternoon Barclays may not impose the correction until tomorrow.

 

[Pilgrim]

Ball park estimate: Local currency is +0.3%, the dollar was higher but it just dipped at +0.05%, so the USD should be about +0.25% for a gain of 5 cents to around $19.90, and if Barclays corrects the 11 cent FV then we could be looking at $19.79, but if the US markets rally this afternoon Barclays may not impose the correction until tomorrow.

In principle, Barclays is suppose to consider only foreign markets that make up the index as well as the corresponding currency indexes. Any consideration give to U.S stocks being up would amount to a clear case of blantant, nefarious, bogosity. Have you seen clear patterns that indictate such reprehensable behavior??

 

[Gilligan]

In principle, Barclays is suppose to consider only foreign markets that make up the index as well as the corresponding currency indexes. Any consideration give to U.S stocks being up would amount to a clear case of blantant, nefarious, bogosity. Have you seen clear patterns that indictate such reprehensable behavior??

Patterns? I thought it was SOP.

 

[Gilligan]

From the tsp.gov website:

Participants have asked why, on some days, the change in the I Fund share price reported by the TSP does not match the change reported for the Morgan Stanley EAFE (Europe, Australasia, Far East) index, which the I Fund tracks. This happens when the Board's investment manager, Barclays Global Investors (BGI) reprices its EAFE Equity Index Fund, in which the TSP invests, after the close of the foreign markets. This process, known as "fair valuation" or "fair value pricing" occurs when there are large U.S. market or currency movements between the time the foreign markets close and 4:00 p.m. eastern time, when BGI's share prices are determined.

 

[pyriel]

Ball park estimate: Local currency is +0.3%, the dollar was higher but it just dipped at +0.05%, so the USD should be about +0.25% for a gain of 5 cents to around $19.90, and if Barclays corrects the 11 cent FV then we could be looking at $19.79, but if the US markets rally this afternoon Barclays may not impose the correction until tomorrow.

G, US market is taking off or at least in the positive now, your estimate still stands right? That S funds seems to be the place to be in nowadays.. P

 

[James48843]

....That S funds seems to be the place to be in nowadays.. P

Somebody wrote a month or two ago about an analysis of how the "S" fund does when coming off a down time. It was a very insightful piece, and led me to weigh the "S" heavier in my portfolio. It has been VERY rewarding to do so. thanks to whoever it was that wrote that piece.

 

[sugarandspice]

+.208 today which should eqaul .04 cents. If the FV is applied then -.07 cents
for the day.

 

[airlift]

Now that you are talking about the S fund I would appreciate some clarification regarding its composition. This is referred to as the small cap fund of the TSP. However, I read somewhere that this was not really a small cap fund because it was largely composed of bigger or rather mid-cap stocks. Can someone address this matter? The answer to this question will affect the investment decisions of many interested parties. Why? Because many market strategists believe that with rising interest rates and a slowing economy big caps will perform better than small caps. But it seems to me that if the S fund is really a medium cap fund, it would not suffer the downside impact of a shift in money flows going into large caps as much as a real small cap index like the Russell 2000 (RUT), or the Russell 2000 iShares (IWM). In fact, if you track the daily price changes of the symbol EMW in a chart, you will see an almost perfect reflection of the S fund. In other words, the S fund is mirrored in the stock market by the symbol EMW (Dow Jones Wilshire 4500 Completion Index, and it is less volatile than the RUT. Some charting services use other symbols, but StochCharts.com, which also allows some free charting, uses EMW as the symbol. I do not make any money by advertising StockCharts. I am a satidfied subscriber, but I am mentioning this only in the spirit of helping those colleagues here to track some of the funds if you wish to do so. By the way, the S fund keeps making good profits, more than the C fund. Any ideas of whether this will continue to be the case? Incidentally, I forget who it is, but someone who posts frequently in this thread has stated that he or she only trades between the S and the I fund. Good wishes to all!

quote=James48843;55910]Somebody wrote a month or two ago about an analysis of how the "S" fund does when coming off a down time. It was a very insightful piece, and led me to weigh the "S" heavier in my portfolio. It has been VERY rewarding to do so. thanks to whoever it was that wrote that piece.[/quote]

 

[sugarandspice]

G--------
F--------
C+.06
S+.13
I-.06

 

[Wheels]

I read somewhere that this was not really a small cap fund because it was largely composed of bigger or rather mid-cap stocks. Can someone address this matter?

The S&P 500 is the 500 largest U.S. stocks. The Wilshire 4500 is all the rest of the U.S. stocks. The last time I checked there were actually around 5300 stocks. That was a while ago so it could easily be more by now. You are correct to say that they are not all "small caps". There are some large caps and a large number of mid caps.

Moderaters may want to move these posts to the S fund thread.

 

[robo]

Japanese Stocks May Gain, Led by Inpex Holdings: Canon May Rise

By Patrick Rial

Sept. 14 (Bloomberg) -- Japanese stocks may gain after oil prices snapped a seven-day losing streak, boosting revenue for energy companies such as Inpex Holdings Inc.

``Commodities prices and related shares should rebound today,'' said Hiroichi Nishi, an equities manager at Nikko Cordial Securities Inc. in Tokyo. ``The commodities market may have bottomed out for the time being.''

Nikkei 225 Stock Average futures expiring in December last traded at 15,840 in Chicago, up from 15,750 in Osaka and Singapore. The Bank of New York Japan ADR Index, which tracks the nation's American depositary receipts, dropped 0.4 percent.

Yesterday, the Nikkei added 0.2 percent to 15,750.05 and the broader Topix index lost 0.2 percent to 1583.55.

Canon Inc. may lead gains by technology-related companies after shares of the company were raised to ``buy'' from ``neutral'' by Merrill Lynch & Co. and the Nihon Keizai newspaper said Canon's profit will rise 16 percent this year.



We need the Nikkei to breakout into the 16000 area again and hold to help us out in the I Fund! Im not sure it can, but hoping for more good news to a least test it again...

Currently 30% in the I Fund!


Good Trading/Investing

 

[Fivetears]

The NIKKEI is at 174.50 (1.11%) as post time stamped.
The AORD is at 25.00 (0.50%) as post time stamped.

Ahhhh... were going green.
Greenage in the Pit

 

[Show-me]

Now all we need is for the dollar to drop.

 

[Fivetears]

It would ice the cake.

 

[Fivetears]

The NIKKEI is at 222.59 (1.41%) as post time stamped.
The AORD is at 35.10 (0.71%) as post time stamped.

 

[frokker]

GO little Nikkei GO!!!:nuts:

 

[The_Technician]

GO little Nikkei GO!!!:nuts:

Since I'm in with both feet...."Lets rock this joint."

Wonder how long it will last....seems there are some stars lining up right about now.....

 

[James48843]

Nikkei now up 1.31%, to 15,956.57 as I write. That 16,000 level seems to be a hard ceiling- it bounced off 15,994 a few minutes ago but is still strong at the 15,956 at the mid-morning break.

Now all we need is for the dollar to drop.

In currencies, the dollar was trading at 117.44 yen on the Tokyo foreign exchange market at 11 a.m. (0200 GMT) Thursday, down from 117.56 yen late Wednesday in New York.

Both as of time stamp.

Could be VERY good day for "I" ahead.

 

[Gilligan]

G, US market is taking off or at least in the positive now, your estimate still stands right? That S funds seems to be the place to be in nowadays.. P

Thats why my account is 50/50 S&I

 

[Gilligan]

Now all we need is for the dollar to drop.

The dollar has been hurting the I fund all month, it went up almost 2%, that means about a 40 cent loss. Last year the dollar kept going up until November. Now I dont know if the same thing will happen this year or not, looking at it right now as post time stamped its down about -0.1%, which equates to about a two cent gain, but the dollar can move quicker than some web pages load.