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S Fund
- Thread starter Wheels
- Start date
Bullitt
Well-known member
The rich keep getting richer. This allows them to buy companies with new tech before they can go public or become profitable. Turnover on the Vanguard extended market fund (similar to DJW4500) is 11.3% compared to 2.1% for the Vanguard 500 fund.
Below was from a few months ago, but I doubt much has changed besides NVDA taking more of the market.
https://www.statista.com/chart/30219/main-contributors-to-s-p-500-gains-in-2023/
While C fund has stability, S fund is revolving door with stocks getting dropped on a monthly basis.
Turnover on the Vanguard extended market fund (similar to DJW4500 but only has 3,000 stocks) is 11.3% compared to 2.1% for the Vanguard 500 fund. Add in an extra 1,500 small caps and that turnover is guaranteed to be higher.
See also below for sector breakdowns and PE ratios as of 2021. Trailing P/E at the time was 74, P/B was 2.98, and P/S was 21 - far from being a bargain.
https://assets-global.website-files.com/60f8038183eb84c40e8c14e9/613422439b14d099a5d278de_wilshire-4500-fact-sheet.pdf
Interesting bit on the index methodology below.
https://assets-global.website-files...5a36cec4ef397d6_Wilshire-4500-methodology.pdf
Also, I wouldn't worry about P/E's if you looking for a market timing indicator. It's useless in 2024. Back when Ben Graham wrote his first editions it meant something but since his later editions in the 1970's even he said his methods of valuation no longer worked.
According to the Schiller PE, the stock market has been in a state of overvaluation since around 1980. In 2008 it touched the "average" PE, the closest it's come to an undervaluation signal since.
TommyIV
Administrator
The DWCPF (S-fund) is back into negative territory today after reaching a 0.4% at the TSP trade deadline. The C and I-fund index/ETF are off their highs but still holding onto gains.
Click Here For Real Time Quotes of the C, S, I and F-fund Tracking Indices.
Click Here For Real Time Quotes of the C, S, I and F-fund Tracking Indices.
TommyIV
Administrator
Those who are fully invested are bold right now, yet it's easy to enjoy holding the S-fund lately. It has increased the wealth of its investors more than any other TSP fund in the last three months.
Today the S-fund fell 0.9% in a steady sell-off. But even the bulls should welcome a healthy amount of profit taking that doesn't kickstart a sudden significant pull-back. The index is at the peak of prices and has had a tendency to oscillate sharply this year.
Today the S-fund fell 0.9% in a steady sell-off. But even the bulls should welcome a healthy amount of profit taking that doesn't kickstart a sudden significant pull-back. The index is at the peak of prices and has had a tendency to oscillate sharply this year.
