350zCommTech
Well-known member
None at this point.
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Playing the I fund
- Thread starter clester
- Start date
None at this point.
ganu
New member
When you say "FV" is that the lag in the share price adjustment that we sometimes see with the I fund? I've been involved in the TSP for a few years but only recently stumbled across this forum.
SkyPilot
Well-known member
From the TSP Website:
The return on the Barclays Fund (and on the I Fund) will differ from that of the EAFE Index on days when Barclays makes a "fair valuation" adjustment to reprice the securities held by the fund. Fair valuation adjustments are made on days when there are large movements in either U.S. equity markets or exchange rates after the foreign markets have closed. Fair valuation prevents traders from exploiting "stale" prices, thus diluting the returns of other TSP participants who invest in the I Fund.
ganu
New member
That's what I thought you guys were talking about. I just didn't know what FV stood for as my circle of co-workers just refer to it as THE LAG. As you've pointed out, you'll most likely see it during heavy growths/losses in the EAFE. I've only been lurking around here for a couple of weeks so I'm not up to speed with some of the termanology.
'ppreciate it SKY!
Last edited:
SkyPilot
Well-known member
nnuut
Moderator | TSP Legend
I have a 97 Strat (American) scratch it YOU DIE, simple as that!:nuts:
fedgolfer
Well-known member
... i have a Gibson Les Paul that my 3 yr old uses a tennis racquet, a Martin accoustic that collects dust and sounds great when my other child drops legos into it and tries to shake them out. I have a Mesa Boogie double stack amp that is too loud to play at level 1 and now sits in a closet. I'm getting old and caught myself humming a Kenny G tune. My rock fantasies are officially DEAD! TSP take me away.
ganu
New member
nnuut
Moderator | TSP Legend
Fedoldrocker!!! YEAH!
Got 4 guitars here, gathering dust, but don't scratchem'. GUUUURRR!I am thinking out loud and trying to get some feedback from the more experienced I fund players. Somebody here explained some time ago that when Barclays declares a FV (either a positive or negative FV) they adjust the FV within the next two trading days. Assuming that we can time with some possible certainty when FV will most likely be decreed, I would IFT out of the I fund and spread the investments between the C and S fund. The objective being to avoid getting hit by a negative correction from Barclays and at same time staying invested in C or S. At least one can still stay invested in the stock funds, but without having to deal with the currency issue. As many others here have noted, the S fund is doing well, and could be the better alternative. Of course, we can't stop watching the rally. We have to be ready to IFT into the safety of the G, and the relative safety of the F fund. But remember that the F fund generally does well when interest rates or expectations of lower interest rates are that these will remain low or that they will decline. (Example, today the AGG is down, and that's a measure of the F fund). So, I would have prefered the G fund as an alternative, especially if one doesn't want to be excessively greedy after hitting a homerun in the I fund. Please give us your best opinions. Thanks in advance!.
Sugar and Spice was thinking of the same thing. The problem is that determining when FV's are going to happen BEFORE our noon deadline is impossible. I suppose if Barclays applies a large positive FV one day, you could get out the next day hoping that Barclays doesn't fix the price until the next day, but I'm reasonably sure that over time you would gain no advantage with this strategy.
Wheels,
I really appreciate your input, and hope you keep posting your opinion here. It will be helpful! I am thinking that if tonight and tomorrow the Asian markets and the European markets follow through to the upside, and if we see the dollar maintaining a steady decline in relation to the EURO,.....that maybe, maybe, that could be a relatively good signal to shift some or all into the U.S. markets. I am trying to make some gains, but I am also trying to avoid whiplash especially during the weekend; and I know we can't have it all!
Having to consider the currency aspect is profitable but much more of a complication, especially when we see the uncertainty of the rally continuing. For example, please look at the Money flow (CMF). Pressure continued to increase to the downside in the SPX. The Nasdaq money flow pressure is also to the downside but the Money flow improved a little today in the Nasdaq. In any event, and I want to be corrected if I am wrong in this interpretation: This is a low volume rally, and Money flow to the downside usually means that profit taking is taking place, Therefore, institutions and hedge funds might be using this rally to take profits, and then leave the small investor holding the bag. If someone sees other indicators showing better signs of the rally contuing beyond a couple more days, don't fail to raise a flag because I don't have the answer! Thank you.
I really appreciate your input, and hope you keep posting your opinion here. It will be helpful! I am thinking that if tonight and tomorrow the Asian markets and the European markets follow through to the upside, and if we see the dollar maintaining a steady decline in relation to the EURO,.....that maybe, maybe, that could be a relatively good signal to shift some or all into the U.S. markets. I am trying to make some gains, but I am also trying to avoid whiplash especially during the weekend; and I know we can't have it all! Having to consider the currency aspect is profitable but much more of a complication, especially when we see the uncertainty of the rally continuing. For example, please look at the Money flow (CMF). Pressure continued to increase to the downside in the SPX. The Nasdaq money flow pressure is also to the downside but the Money flow improved a little today in the Nasdaq. In any event, and I want to be corrected if I am wrong in this interpretation: This is a low volume rally, and Money flow to the downside usually means that profit taking is taking place, Therefore, institutions and hedge funds might be using this rally to take profits, and then leave the small investor holding the bag. If someone sees other indicators showing better signs of the rally contuing beyond a couple more days, don't fail to raise a flag because I don't have the answer! Thank you.
Please note that yesterday the S fund gained +.96% vs. +.86 for the I fund. Isn't that a better return to have, than to walk on the obstacle course caused by the currency issue? I guess it's because Barclays purposely makes it more difficult to trade the I fund by inserting FV in order to prevent the unfairness of a trading advantage between different markets???
James48843
Well-known member
Foreign markets this morning-
Japan flat- just about even, although the dollar/yen would indicate bad for the "I". Note: Friday (tomorrow) Tokyo only has a half day of trading, then won't resume trading until January 4th.
Europe - just about flat to very slightly down, made up for and then some by a falling dollar against the euro.
Overall, looks almost perfectly flat for the "I" fund so far. Maybe up a penny due to euro's strength.
As of 5 am eastern
Japan flat- just about even, although the dollar/yen would indicate bad for the "I". Note: Friday (tomorrow) Tokyo only has a half day of trading, then won't resume trading until January 4th.
Europe - just about flat to very slightly down, made up for and then some by a falling dollar against the euro.
Overall, looks almost perfectly flat for the "I" fund so far. Maybe up a penny due to euro's strength.
As of 5 am eastern
mailmanusa
Member
The FV can help you or hurt you. When you take a hit you just hang around for a while. You'll get it back. I do agree that the I is more tricky to judge.
The I Fund is "tricky to judge" if you're trying to trade it but is rather simple to understand if you aren't. Good luck.
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