Rod's Account Talk

[Rod]

Weak volume. I'll be surprised if this Super Tuesday knee-jerk holds.

 

[Rod]

First a Biden Bounce, now a Bloomberg Bounce as he bows out. But, will it hold?

 

[Rod]

Anybody else experiencing any site issues?

 

[tsptalk]

Nothing here. Is it just the forum or other pages too? TSP Talk - Thrift Savings Plan

Anybody else experiencing any site issues?

 

[Rod]

Nothing here. Is it just the forum or other pages too? TSP Talk - Thrift Savings Plan

Navigating the forum as a whole. It would load slowly then time out. I did have internet issues about 2 hours ago. But, that was resolved. Also, when I was experiencing these issues with the forum, I had no problem opening other sites. Just wanted to bring it to your attention in case something was developing.

 

[Rod]

BTW, the Netflix documentary, "Pandemic: How to Prevent an Outbreak", (which was created prior to COVID-19) will cause you to want to shelter-in-place in (G):

https://www.netflix.com/title/81026143

Let's hope that COVID-19 is not the worst-feared virus in this documentary.

 

[Rod]

CA announces its first COVID-19 death. But as I predicted earlier, watch Mr. Market ignore it.

 

[Rod]

Congrats to those of you who were lucky enough to catch today's rally. Since we most certainly can't time them lately, that is what it boils down to nowadays... luck. So, congrats! I'll simply take my 3.71% gain in my TD account and be happy with that. :beerchug:

 

[Rod]

"business as usual..." ?

Although it can be tempting at times, we truly have to learn to resist that FOMO (Fear Of Missing Out) IFT.

And some folks might feel that today if the futures hold and we get a post-Super Tuesday bounce by COB. Because of the extreme volatility, it's hard to say what will happen today. At any rate, it'll likely be COVID-19 business as usual come tomorrow. Be careful out there.

I am 100 (F), and will keep a keen eye on those bond yields. One thing it has going for it is that the 10-YR is once again below 1%.

Be careful out there.

God Bless :smile:

 

[Rod]

Despite the roller coaster week, the major indices have banked some gains thus so far:

S&P: +175.90

Dow: +1,681.50

Naz: +450.79

Will these gains be relinquished today and tomorrow? It's difficult to say. But, if you've been caught on this roller coaster all week long, at least you have gains for now.

God Bless :smile:

 

[nnuut]

This is ridiculous, we need at least four IFTs a month! What the Hell is wrong with the TSP Directors, are they part of the Swamp?

 

[Rod]

This is ridiculous, we need at least four IFTs a month! What the Hell is wrong with the TSP Directors, are they part of the Swamp?View attachment 45577

Actually, we need to return to unlimited IFTs. This is exactly why I plan to move my TSP to my TD account. The 2 IFT limit severely limits my ability to put my $$$ to work. For example, instead of waiting things out in (F), I could easily put that money to work on an inverse ETF such as SH, SDS, SPXU, and RWM. All of which are currently up 2% - 7% for the day. I don't see being in the TSP for much longer.

 

[DreamboatAnnie]

I plan to do the same. TSP is just way too limited with 2 IFTs per month. In addition, the 4hour window from noon to 4pm is a death sentence as we are blindfolded while the rest of the market transacts in milliseconds!!! We are getting it there too!

 

[Rod]

Another excellent point, especially given Mr. Market's extreme volatility. Folks talk about TSP's low management fees. But, accounts outside of the TSP are becoming more and more attractive because most brokers are going commission-free.

I plan to do the same. TSP is just way too limited with 2 IFTs per month. In addition, the 4hour window from noon to 4pm is a death sentence as we are blindfolded while the rest of the market transacts in milliseconds!!! We are getting it there too!

 

[1965Vintage]

Another excellent point, especially given Mr. Market's extreme volatility. Folks talk about TSP's low management fees. But, accounts outside of the TSP are becoming more and more attractive because most brokers are going commission-free.

Yep, my Fidelity Roth IRA is commission free. Only 4 1/2 more years and I will be transferring everything over to Fidelity.

 

[nnuut]

This is ridiculous, we need at least four IFTs a month! What the Hell is wrong with the TSP Directors, are they part of the Swamp?View attachment 45577

I take that back!! We need a minimum of 1 in and 1 out a week. So make that 8 IFTs a month and unlimited to the "G".

 

[Rod]

You're being much too gracious. I demand that they return to us what they stole from us- unlimited IFT's. :swordfight:

I take that back!! We need a minimum of 1 in and 1 out a week. So make that 8 IFTs a month and unlimited to the "G".View attachment 45581

 

[Mcqlives]

Ditto here...just waiting several years into retirement so I avoid 72t issues (retiring this year under the LEO special supplement). I will keep the money in TSP till 59 1/2 so there aren't penalties and I still can draw down for emergency purposes.

When I do go I am considering Charles Schwab but I do like the TD virtual trading.

 

[Rod]

As long as you do a direct rollover (after military/civilian separation/retirement) to a broker, there won't be any penalties. Remember, if you are in a Roth IRA, you can withdraw your contributions at any time penalty and tax-free. You just can't withdraw the earnings penalty and tax-free before the age of 59.5.

I will keep the money in TSP till 59 1/2 so there aren't penalties and I still can draw down for emergency purposes.

When I do go I am considering Charles Schwab but I do like the TD virtual trading.

 

[SoonerCaniac]

In addition, the 4hour window from noon to 4pm is a death sentence as we are blindfolded while the rest of the market transacts in milliseconds!!! We are getting it there too!

This is my major gripe right now. For example, not saying I would have IFTed, but yesterday I was on a (more important) field trip with my son and was too busy chaperoning (like I should) to be worried about meeting TSP's arbitrary deadline. Besides, with this volatility, even if I had made the move at noon the S-Fund was only up 0.80% and it wasn't clear that those gains were going to hold. So yeah, with 18-20 years to go until retirement, the TSP is a blessing and a curse, and it looks like it will stay that way.

:soapbox: