Premium Services Suggestion

[amoeba]

Ya know what might be a real seller on these premium services (other than results):

Answer: you make the IFTs for me; I don't have to log on, I don't have to watch messages at 8:45 in the morning, or watch an Iphone.....it just happens; you get the passwords securely - get power of attorney or whatever you want to call it - and the IFTs are made like that - - - - no watching, waiting for nothing, deciding. We could log on once a month, every day, or not at all - the returns would all be the same.

That's what I would call a "premium service".

 

[burrocrat]

Re: musings on what would make me buy a premium service

Ya know what might be a real seller on these premium services (other than results):

Answer: you make the IFTs for me; I don't have to log on, I don't have to watch messages at 8:45 in the morning, or watch an Iphone.....it just happens; you get the passwords securely - get power of attorney or whatever you want to call it - and the IFTs are made like that - - - - no watching, waiting for nothing, deciding. We could log on once a month, every day, or not at all - the returns would all be the same.

That's what I would call a "premium service".

sir, i have a premium service i'd like to sell you. now about that power of attorney?

 

[tsptalk]

Re: musings on what would make me buy a premium service

Ya know what might be a real seller on these premium services (other than results):

Answer: you make the IFTs for me; I don't have to log on, I don't have to watch messages at 8:45 in the morning, or watch an Iphone.....it just happens; you get the passwords securely - get power of attorney or whatever you want to call it - and the IFTs are made like that - - - - no watching, waiting for nothing, deciding. We could log on once a month, every day, or not at all - the returns would all be the same.

That's what I would call a "premium service".

That was something I thought about a few years ago, but there are too many things to consider. I would have to get the proper licenses to manage OPM (other people's money). I used to have a series 6 and 65 license, but I think I'd have to go to a series 7 for something like that. Tough test.

I'd also have to wrote some kind of program to access the tsp.gov website, which I don't know if it would be allowed, then automate the transactions so that hundreds to thousands of IFT's can be done within the sometimes 30 minutes we have between signal and the deadline.

If I was 10 years younger, maybe. But I may look into it. Maybe I'll get my son to get the licenses.

 

[Intrepid_Timer]

Ya know what might be a real seller on these premium services (other than results):

Answer: you make the IFTs for me; I don't have to log on, I don't have to watch messages at 8:45 in the morning, or watch an Iphone.....it just happens; you get the passwords securely - get power of attorney or whatever you want to call it - and the IFTs are made like that - - - - no watching, waiting for nothing, deciding. We could log on once a month, every day, or not at all - the returns would all be the same.

That's what I would call a "premium service".

I do it for a friend, but he pays me 15% of what I earn, which is a lot more than $20 per month.

 

[wavecoder]

Ya know what might be a real seller on these premium services (other than results):

Answer: you make the IFTs for me; I don't have to log on, I don't have to watch messages at 8:45 in the morning, or watch an Iphone.....it just happens; you get the passwords securely - get power of attorney or whatever you want to call it - and the IFTs are made like that - - - - no watching, waiting for nothing, deciding. We could log on once a month, every day, or not at all - the returns would all be the same.

That's what I would call a "premium service".

Would you have that much trust in a stranger to have full control to your tsp account? I wouldn't. Next thing you know you find out your tsp has loans taken out of it for a new truck or something :laugh:

 

[tsptalk]

Would you have that much trust in a stranger to have full control to your tsp account? I wouldn't. Next thing you know you find out your tsp has loans taken out of it for a new truck or something :laugh:

That's why whoever did it would have to get a series 7 license that would register them with the states. The folks at brokerage houses have all of your info as do the employees at the TSP.

 

[amoeba]

Re: musings on what would make me buy a premium service

That was something I thought about a few years ago, but there are too many things to consider. I would have to get the proper licenses to manage OPM (other people's money). I used to have a series 6 and 65 license, but I think I'd have to go to a series 7 for something like that. Tough test.

I'd also have to wrote some kind of program to access the tsp.gov website, which I don't know if it would be allowed, then automate the transactions so that hundreds to thousands of IFT's can be done within the sometimes 30 minutes we have between signal and the deadline.

If I was 10 years younger, maybe. But I may look into it. Maybe I'll get my son to get the licenses.

This sort of thing has been done. There are programs - for example auctionsniper.com - that do much more complex automated transactions by accessing EBAY's website with voluntarily-disclosed userIDs and passwords; two-four transactions a month for several thousand participants should be possible. Not sure of the licensing needed - could be controlling 10-100s of millions in retirement funds so that would need to be resolved and the whole thing made secure.......wouldn't want that hacked.


Perhaps some programmer will steal the idea and sell it to me.