Playing the I fund

[sugarandspice]

G+.01
F+.02
C-.02
S--
I-.12 This looks like a major -FV If the expected price is +.22 cents then this equates to a -.34 cent FV. That bodes well if you got in today.

 

[350zCommTech]

I'm sorry folks. I take full blame.


If you got out, you might get screwed big today. Currently, it looks like a hugh -FV.

It sure looked that way at the time of the post, but with USM bouncing back up in the last hour of trading, I was only expecting a 15 cents -FV at the close. The C&S both had a change of around -.70% and the dollar was only up .180%(non-factor).

A -34 cent FV is totally uncalled for. This should be illegal. Screwing people for trying to improve their retirement is wrong. Especially when day traders are stealing our money everyday. I'm really glad I stayed in.

 

[nnuut]

CROOKS! I don't know, huuum they say this is unchanged, must be the start of another day? About +.71
Don't know what happened to this chart, must have been linked and updated to something from Taiwan? This was the Dollar index chart?
http://charts.barchart.com/chart.as...i=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk

 

[mailmanusa]

I went from G to I today. I was suprised how the US markets dropped by the end of the day. They were soaring at noon. If they look down or flat by noon tomorrow I will be leaning S. Hope to make a few in the I tomorrow.

 

[vic]

I fund is down 12 today but it was up 34 on Tuesday. We should show a gain of 22.

 

[fedgolfer]

Barclays new slogan is, "Creating, transforming and sharing knowledge for the benefit of our clients." They definitely "create" and "transform" with 34 cent fair values. They definitley don't share knowledge and could give a rats ass about the benefit of their clients. "Liars and crooks" should be their motto.

 

[Griffin]

I've got to believe that the person with the authority to make decisions to deviate from policy at TSP is still on vacation.

Somehow yesterday's growth in the EAFE was not factored into the equation. This could be a result of the surprise day off or because it was the first trading day of the year.

I suspect that it will be corrected within a day or two, but there is a free 1.5% valuation adjustment coming. If I was not already 100% in the I-fund, I would move everything in tomorrow on the off chance TSP takes more then a day to figure out their mistake.

 

[fedgolfer]

I just submitted a comment/question to Barclay's online. I tried to do it on the TSP website but the comment page just gives me "internal error" when I press send/enter. Anyone have any luck pissin' up the tree?

 

[nnuut]

CROOKS! I don't know, huuum they say this is unchanged, must be the start of another day? About +.71
Don't know what happened to this chart, must have been linked and updated to something from Taiwan? This was the Dollar index chart?
http://charts.barchart.com/chart.as...i=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk

It's a mystery to me! I was trying to demonstrate that the dollar at .180% at the end of the day MAY be incorrect.

 

[roguewave]

It sure looked that way at the time of the post, but with USM bouncing back up in the last hour of trading, I was only expecting a 15 cents -FV at the close. The C&S both had a change of around -.70% and the dollar was only up .180%(non-factor).

A -34 cent FV is totally uncalled for. This should be illegal. Screwing people for trying to improve their retirement is wrong. Especially when day traders are stealing our money everyday. I'm really glad I stayed in.

No need to blame yourself for not anticipating any type of wide manipulated variances. It's par for this course. I was expecting about +22 due to the Euro/Dollar exchange rates cancelling each other out in the type of moves they each had over the last 48 hrs. The US market was pretty much flat thus leaving the huge gains coming from the European markets. Man! What a sucker punch. Hang in there, this year is off to a rocking start. Good luck.

 

[Griffin]

I just submitted a comment/question to Barclay's online. I tried to do it on the TSP website but the comment page just gives me "internal error" when I press send/enter. Anyone have any luck pissin' up the tree?

I attempted to submit the following message but I got the internal error also:

On January 2, 2006 MSCI Barra's EAFE shares were up 1.512%, however the I-fund was not adjusted accordingly due to memorial services for President Ford and the priced remained at $22.22 per share instead of being adjusted to $22.55. On January 3, 2006 MSCI Barra's EAFE share price was negative .549%, however the I-fund was adjusted down from $22.22 to $22.10 (for a loss of $.12 or negative .54%) instead of being adjusted from $22.55 to $22.43. This is obviously a serious mistake. What is TSP going to do to correct this error?

 

[350zCommTech]

It's a mystery to me! I was trying to demonstrate that the dollar at .180% at the end of the day MAY be incorrect.

You're looking at the dollar index. It has nothing to do with the I fund, although it's similar and can be use to get estimates. When I say the dollar, I'm talking about the total currency changes relative to the countries in the I fund. The .180% at 4pm est. is correct, as far as the I fund is concern.

 

[nnuut]

You're looking at the dollar index. It has nothing to do with the I fund, although it's similar and can be use to get estimates. When I say the dollar, I'm talking about the total currency changes relative to the countries in the I fund. The .180% at 4pm est. is correct, as far as the I fund is concern.

Hey, thanks for the info. Where do you get the data?

 

[Wheels]

I attempted to submit the following message but I got the internal error also:

On January 2, 2006 MSCI Barra's EAFE shares were up 1.512%, however the I-fund was not adjusted accordingly due to memorial services for President Ford and the priced remained at $22.22 per share instead of being adjusted to $22.55. On January 3, 2006 MSCI Barra's EAFE share price was negative .549%, however the I-fund was adjusted down from $22.22 to $22.10 (for a loss of $.12 or negative .54%) instead of being adjusted from $22.55 to $22.43. This is obviously a serious mistake. What is TSP going to do to correct this error?

Griffin, they are going to point you to the same paragraph that we have read over and over again. Some of you are so upset over this unusually large FV but it is doing exactly what it is supposed to be doing, discouraging the likes of us from "trading" it.

 

[Birchtree]

The one side we all hear is how great the Euro is, but there are serious issues developing that could deal a death blow to that currency - leaving lots of savers with euros that could drop like a stone in value....all the while these savers thought they had moved into a safe haven.

http://www.[[financialsense.com/fsu/editorials/laird/2007/0102.html

 

[Fivetears]

Count me in Ladies. :nuts:

Guessing and gambling my way to nothingness. Who's in?

 

[Griffin]

Griffin, they are going to point you to the same paragraph that we have read over and over again. Some of you are so upset over this unusually large FV but it is doing exactly what it is supposed to be doing, discouraging the likes of us from "trading" it.

Dave,

I find it highly unlikely that this enormous gap can be legally attributed to FV. It is too much of a coincidence that the EAFE was down .549% and the I was down .54%. Today's share price was calculated by not accounting for yesterday's gain. Their is no way to not account for the substantial gains made on January 2nd by the FTSE, CAC40, DAX etc... That's the problem, they can use models to generate projected numbers, but they can't dismiss things that actually happened. The FV process must follow some rigorous regulated algorithm to generate the FV numbers. Otherwise, it would create an arbitrary process by which brokers could manipulate prices.

 

[GGal]

I sent an email to webmaster@tsp.gov

and encourage you all to do the same

GA

 

[nnuut]

Hey, thanks for the info. Where do you get the data?

Yep, I thought that the NYBOT Dollar Index was close enough, I really did not know there was a more accurate measure of the Dollar to the "I" fund members currencies. being that the Dollar index includes: The six (6) currencies and their weights are:
[FONT=EDPNFI+TimesNewRomanPS,Times New Roman PS]

Currency Weight​

[/FONT]

Euro ……………………………………. .576
Japanese yen …………………………… .136
British pound sterling ………………….. .119
Canadian dollar ………………………… .091
Swedish krona …………………………. .042
Swiss franc …………………………….. .036
School me please!​

 

[vic]

Birsh you might be right, but countries are trading in their dollars for euros. We need to get our house in order.