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Playing the I fund
- Thread starter clester
- Start date
Gilligan
Member
I wish I had a link that would show the closing prices or the local currency, now only for the current day but also the next day!
Gilligan
Member
Thanks for posting this change. ASAP please explain where in that site do you get the other numbers which you cited but which I am not able to confirm. Thanks Gilligan! And, have a great weekend. --
Quote:
Originally Posted by Gilligan
http://www.mscibarra.com/products/in...erformance.jsp
Just make sure the date on the top of the page is correct.
The I fund follows the EAFE, the first one on the list.
Today the local currency was +0.191%, the dollar was higher at +0.233%, so the USD price was -0.042%
The only number that is not listed is the +0.233% for the dollar. I get that by figuring the difference between the LC and the USD.
Gilligan
Member
No, not even if you put me on an uncharted island!
Gilligan
Member
The dollar has really been playing havoc with the I-fund in September keeping a damper on our gains. The dollar is 1.264% higher now that it was at the first of the month. That means if the dollar was at the same level it was a month ago the I fund would be about 25 cents higher to $20.40
nnuut
Moderator | TSP Legend
Hee! Hee! Thats the spirit!
Gilligan,--
As you can see and savor, we are going nuts trying to figure out the Coca Cola formula as well as your formula for calculating the good numbers at 11:30AM! When I divide .042 (the daily USD) by .191 LC, I get .21989 and not +.233%. What am I missing? --
I had to interrupt my excellent week-end retreat just to keep in touch. But,even if you don't want to give up the ghost, I know it was a nice try! lol --
As you can see and savor, we are going nuts trying to figure out the Coca Cola formula as well as your formula for calculating the good numbers at 11:30AM! When I divide .042 (the daily USD) by .191 LC, I get .21989 and not +.233%. What am I missing? --
I had to interrupt my excellent week-end retreat just to keep in touch. But,even if you don't want to give up the ghost, I know it was a nice try! lol
--
Gilligan
Member
Gilligan,--
As you can see and savor, we are going nuts trying to figure out the Coca Cola formula as well as your formula for calculating the good numbers at 11:30AM! When I divide .042 (the daily USD) by .191 LC, I get .21989 and not +.233%. What am I missing? --
I had to interrupt my excellent week-end retreat just to keep in touch. But,even if you don't want to give up the ghost, I know it was a nice try! lol
.191 + .042 = .233
Actually it's .191 - (.042) = .233.
Subtle difference with the same result. The reason it's significant though is because you want to subtract one from the other, not necessarily add them together. Make sense?
Gilligan and Wheels, --
Thank you!. Gilligan, since these numbers are accesible on the MSCI site and they don't post them until the PM, how do you extrapolate the projection ae 11:30? Wheels, based on your experience, will this work out all the time, irrespective of whether one adds or subtracts the numbers?
Thank you!. Gilligan, since these numbers are accesible on the MSCI site and they don't post them until the PM, how do you extrapolate the projection ae 11:30? Wheels, based on your experience, will this work out all the time, irrespective of whether one adds or subtracts the numbers?
I'm not sure what you are asking. All that this formula shows is EAFE in local currency - EAFE in U.S. dollars = the effect of the dollar for that day. There is nothing to "work".
While I don't want to speak for Gilligan I'll hazard a guess at what he is doing. He is watching the overseas markets. At 11:30 all of Asia is closed. He knows the Nikkei 300 makes up about a fourth of the EAFE. He probably knows what Australia and some of the other Pacific rim countries make up too. He also knows that Europe is almost closed and that the FTSE makes up about another fourth of the EAFE and he probably knows what some of the European percentages are too. From this he is able to come up with an estimate of the EAFE in local currency. Now, technically at this point he would need to compare each local currency to the dollar AT THE TIME each of those markets closed. But that seems way to labor intensive. So instead he probably just looks at the dollar index at 11:30 and applies that to the local currency and generates his estimate. Fortunately for us, the make up of the dollar index is pretty close to the make up of currencies in our I fund. So at 3:00pm when MSCI shows us the real figures, we can subtract the EAFE in U.S. dollars from the EAFE in local currency and the result should be awfully close to the dollar index figure that Gilligan uses at 11:30. Any differences would be attributed to slight difference in weighting and more likely to the timing of each markets close.
Gilligan was I close?
Sponsor, did I make any sense to you?
Oldcoin
Member
Fabijo, did you ever get a fix on the problem? I checked back with both sites and it's the same old thing. I'm using a Yahoo chart, but it's not the same. I think I'm starting to go through withdrawal.
fabijo
Well-known member
I'm also going through withdrawal. I hope the charts come back!!! How will I make my trading decisions without these charts?
fabijo
Well-known member
I know that you can go to www.bloomberg.com and use the symbol MXEA to get the latest index values in the local currency.
Oldcoin
Member
Maybe we’ll have to switch to the C Fund with BirchTree, naw, that chart doesn’t look so good!
Birchtree
Well-known member
Oldcoin,,
The C fund is so nefarious that only those who dare to engage the dark side should attempt investing with such defiant risk. Keep close to the G fund and protect your pockets during the next three months. Leave the pultry pickings to the bullmeister to squander. If you dare come on over anytime.
The C fund is so nefarious that only those who dare to engage the dark side should attempt investing with such defiant risk. Keep close to the G fund and protect your pockets during the next three months. Leave the pultry pickings to the bullmeister to squander. If you dare come on over anytime.
Oldcoin
Member
Man, you gotta be loving last month! Sure hope you get another just like it or better.
Gilligan
Member
Its déjà vu all over again. The last time the share price stayed the same for 3 days were the last 3 days of August, then for the next 2 days the I-fund had some gains then it took a 3.5% drop ($20.33 down to $19.61). Its tempting to get back in the I-fund for a day, but the FV can rob you of your profits.
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