Senators Press FRTIB Again Over TSP I Fund Changes

[tsptalk]

Senators Press FRTIB Again Over TSP I Fund Changes

Back in August, Rubio and Senator Jeanne Shaheen (D-NH) sent another letter to FRTIB Chairman Michael Kennedy asking him to undo the proposed change, saying it would expose the retirement savings of federal employees to “severe and undisclosed material risks associated with many of the Chinese companies listed on this MSCI index.”

https://www.fedsmith.com/2019/10/24/senators-press-frtib-again-over-tsp-i-fund-changes/

 

[James48843]

Senators Press FRTIB Again Over TSP I Fund Changes



https://www.fedsmith.com/2019/10/24/senators-press-frtib-again-over-tsp-i-fund-changes/

Dear Senators:

Go mind your own business. It's not YOUR money. It's OUR money at that point.

If you are so concerned, here is a better idea. Open up a NEW international style fund that includes China and all the smaller third-world nations (An ""E" fund, for emerging markets, or a Total World fund, and also KEEP the existing "I" fund as well. That way, WE have choices - That ought to get support from the politicians who support letting small guys have freedom to invest how they want.

 

[nasa1974]

Dear Senators:

Go mind your own business. It's not YOUR money. It's OUR money at that point.

If you are so concerned, here is a better idea. Open up a NEW international style fund that includes China and all the smaller third-world nations (An ""E" fund, for emerging markets, or a Total World fund, and also KEEP the existing "I" fund as well. That way, WE have choices - That ought to get support from the politicians who support letting small guys have freedom to invest how they want.

Or better yet, give us 2 more IFT's per month and have the trade deadline set closer to 4pm EST.

 

[nnuut]

Trump orders federal retirement money invested in Chinese equities to be pulled

The assets at hand number around $4.5 billion in Chinese stocks

President Trump is moving to cut investment ties between U.S. federal retirement funds and Chinese equities, FOX Business has learned in a move that is tied to the handling of COVID 19.
In the first letter written Monday, obtained exclusively by FOX Business, national security adviser Robert O’Brien and National Economic Council Chair Larry Kudlow write to U.S. Labor Secretary Eugene Scalia stating that the White House does not want the Thrift Savings Plan, which is a federal employee retirement fund, to have money invested in Chinese equities that numbers about $4 billion in assets.

[More]

https://www.foxbusiness.com/markets...ney-invested-in-chinese-equities-to-be-pulled

 

[rangerray]

This makes my heart leap!!

 

[nnuut]

As it should be!

 

[alexreb]

See https://presentdangerchina.org/ for more info.