Intrepid_Timer
Well-known member
Drink one for me! Perhaps Yom Kippur will bring the markets back up!! Couldn't hurt anyway........or could it.
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Squalebear's Account Talk
- Thread starter Guest2
- Start date
Drink one for me! Perhaps Yom Kippur will bring the markets back up!! Couldn't hurt anyway........or could it.
Guchi, if your looking back to improve a 30% loss, your hurting yourself.
You must be under some false impression when you say your stuck in the
(I) Fund. Your not
SB
i must be missing something ?? if i sell my "I" now i have a considerable amount less than I had a year ago to buy other stock. With the understanding that i still have my shares at a lower price. i have been following the advice on the board which says stay the course it will cycle back. is that the wrong approach ???
You must be under some false impression when you say your stuck in the
(I) Fund. Your not
SB
i must be missing something ?? if i sell my "I" now i have a considerable amount less than I had a year ago to buy other stock. With the understanding that i still have my shares at a lower price. i have been following the advice on the board which says stay the course it will cycle back. is that the wrong approach ???
DCguy
Member
http://www.foxbusiness.com/story/markets/industries/finance/aig-executives-blow--getting-bailout/
AIG Executives Blow $440,000 After Getting Bailout
Recommend (116) Email this Story | Respond to Editor | Print
SEND FOXBusinessBuzz up!Digg It StumbleUpon Reddit If you'd just gotten a government bailout, you might be tempted to hold a retreat at a nice California hotel -- and that's exactly what American International Group (AIG: 3.51, -0.36, -9.30%) executives did.
The committee on Oversight and Government Reform held a hearing on Tuesday at 10:00 a.m. Eastern time. to address and examine downfall of AIG, the world’s largest insurance company. The committee planned to discuss the financial excesses and regulatory mistakes that led to AIG’s government bailout.
One of the items discussed was AIG’s expenditure of $440,000 for a corporate retreat at the St. Regis Monarch Beach resort in Los Angeles, Calif. These funds were spent on Sept. 22, a week after the Federal Reserve extended an $85 billion emergency loan to AIG to keep it from going bankrupt due to insurance liabilities.
According to the receipt from the St. Regis, the eight-day company retreat was a lavish one -- $139,000 was spent on hotel rooms, while even more money -- $147,301 -- was spent on banquets. Another $23,380 was spent on undisclosed spa treatments and another $6,939 was spent on golf. A full $9,980 was spent on room service and food and cocktails at the hotel lounge.
AIG Executives Blow $440,000 After Getting Bailout
Recommend (116) Email this Story | Respond to Editor | Print
SEND FOXBusinessBuzz up!Digg It StumbleUpon Reddit If you'd just gotten a government bailout, you might be tempted to hold a retreat at a nice California hotel -- and that's exactly what American International Group (AIG: 3.51, -0.36, -9.30%) executives did.
The committee on Oversight and Government Reform held a hearing on Tuesday at 10:00 a.m. Eastern time. to address and examine downfall of AIG, the world’s largest insurance company. The committee planned to discuss the financial excesses and regulatory mistakes that led to AIG’s government bailout.
One of the items discussed was AIG’s expenditure of $440,000 for a corporate retreat at the St. Regis Monarch Beach resort in Los Angeles, Calif. These funds were spent on Sept. 22, a week after the Federal Reserve extended an $85 billion emergency loan to AIG to keep it from going bankrupt due to insurance liabilities.
According to the receipt from the St. Regis, the eight-day company retreat was a lavish one -- $139,000 was spent on hotel rooms, while even more money -- $147,301 -- was spent on banquets. Another $23,380 was spent on undisclosed spa treatments and another $6,939 was spent on golf. A full $9,980 was spent on room service and food and cocktails at the hotel lounge.
Gumby
Active member
What else are you supposed to do with 85 Billion?
Let me guess...send the taxpayer the bill.
JTH
Well-known member
It's Beer-O-Clock :toung:
Thanks Nasa, I think we could all use some just about now !
The bottle is empty and I'm about ready to find religion myself ! :blink:
I don't profess to know enough to tell you whether your approach is right or wrong. Consider this yet another opinion. All the TSP Funds are now down 30% YTD. In fact, the (I) is now down 37% YTD. Now, if you stop making contributions and just look at the average YTD return of each Fund, the following may surprise you.
As of 12/31/2007: The 10 Year Compounded Average of each fund is as follows;
6.01%(F) 5.88%(C) 7.66%(S) 8.53%(I)
Based on the averages it would take you this many years to recoup;
4.99yrs(F) 5.10yrs(C) 3.91yrs (S) 4.33yrs(I) = 4.52 YRS Total Avg.
If sitting tight is going to take me four and a half years to recover my 30% Loss for 2008, I'd rather find another way to limit my loses and shorten the time of recovery. Maybe even beat the averages. Thus you'll find many other members utilizing IFT's to do just that.
By looking back, your 30%-37% loss can blind you to the reality ahead. Just look at how many members on the Automated Tracker (at the bottom) look back at the (I) Fund for recovery from tremendous losses. Its emotion and the focus that drives many of them to get some back. By focusing on the future (as the market does) and utilizing the best funds to reap greater gains, your likely to achieve greater gains as a result. I don't care how many shares you accumulate. If the value of those shares is worth $0.00, then, your balance is worth $0.00
In conclusion, I find myself in a position that I've never found myself in before. I'm down over -14% YTD and its making me sick. The only thing that helps me get through this fact is it will take me less time to recoup such loses. Anyone who says they would rather be -30% and wait twice as long to recoup is out of their investor minds. Yes you can get a +30% year in the (I) Fund and find yourself feeling pretty good that you waited less then expected. I would rather be down -14% and get the 30%
ontop of that.
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JTH
Well-known member
Buddy I feel for you, talk about being stuck between a rock and a hard place.
No IFTs left for me and heading back to G would confirm I'm a loser for the month. The only saving grace I have is my 30% left in G that keeps me from dropping as fast as the C.
I know we must be near a bottom when I feel like bailing...
No IFTs left for me and heading back to G would confirm I'm a loser for the month. The only saving grace I have is my 30% left in G that keeps me from dropping as fast as the C.
I know we must be near a bottom when I feel like bailing...
Food for thought; if the Government gave every single adult taxpayer
an equal share of that 700 Billion Dollar Bailout. They would get over
$200,000. Add the requirement of paying off their mortgage before
using any leftovers, and what do you think this economy would do ?
Banks would get there money back, consumers would be released from
the burden (and tax benefit) of a Mortgage, consumers would have more
money to spend on fixing their home and other goods/services. This might
deserve a seperate thread, but it's being passed around the web right
now and I found the notion interesting.
an equal share of that 700 Billion Dollar Bailout. They would get over
$200,000. Add the requirement of paying off their mortgage before
using any leftovers, and what do you think this economy would do ?
Banks would get there money back, consumers would be released from
the burden (and tax benefit) of a Mortgage, consumers would have more
money to spend on fixing their home and other goods/services. This might
deserve a seperate thread, but it's being passed around the web right
now and I found the notion interesting.
The (I) Fund outperforms the EFA today. The fund managers throw in a
+1% overpayment to do so. What gets raised must get paid. They will likely
wait for a rebound before taking it back. I'm expecting it to rise into the
Red area of the O/D Tracker, but this could be wrong should we get a
rally. Within a rally, a payback would hurt the rebound within the (I) fund.
YTD O/D FOR ALL TSP FUNDS
(C) Fund vs. the SPX = 0.1903 TSP Cent Overpayment or +1.67%
(S) Fund vs. DWCPF. = 0.3304 TSP Cent Overpayment or +2.42%
(I). Fund vs. the EFA = 0.3531 TSP Cent Overpayment or +2.27%
DAILY (I) FUND VS. EFA O/D TRACKING RESULTS:
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(09/08/08) +0.1989% -0.3171 tsp cents
(09/09/08) +0.0157% -0.3098 tsp cents
(09/10/08) -0.1535% -0.2831 tsp cents
(09/11/08) -0.1739% -0.2491 tsp cents
(09/12/08) -0.3907% -0.1778 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(09/15/08) +0.8638% -0.3323 tsp cents
(09/16/08) -0.2278% -0.2873 tsp cents
(09/17/08) +0.8268% -0.4262 tsp cents
(09/18/08) -2.0361% -0.0642 tsp cents
(09/19/08) -0.4960%+0.0283 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(09/22/08)+2.5382% -0.4628 tsp cents
(09/23/08) -0.8997% -0.2822 tsp cents
(09/24/08) -0.2518% -0.2347 tsp cents
(09/25/08) -0.5076% -0.1412 tsp cents
(09/26/08) +0.3903% -0.2149 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(09/29/08)+2.3205% -0.6001 tsp cents
(09/30/08) -3.4591%+0.0025 tsp cents
(10/01/08) -0.7365% -0.1291 tsp cents
(10/02/08) -0.0580% -0.1135 tsp cents
(10/03/08)+0.6851% -0.2312 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(10/06/08) -0.1022% -0.2014 tsp cents
(10/07/08)+1.0228% -0.3531 tsp cents
THE KEY:
------------------------------------------------- WE OWE THEM ----
- .6000 thru -.4000 High Overpayment (Payback Past Due)
- .4000 thru -.3000 Elavated Overpayment, (Payback Immanent)
- .3000 thru -.2000 Medium Overpayment (Flip A Coin)
- .2000 thru -.1000 Low Overpayment, (Slightly Over Goal)
- .1000 thru -.0000 Minimum Overpayment (Goal is Met)
-------------------------------------------------- THEY OWE US ----
+.0000 thru+.1000 Low Deficit (Goal is Met)
+.1000 thru+.1500 Medium Deficit (Flip A Coin)
+.1500 thru+.2500 High Deficit (Rarely Goes Lower)
+.2500 thru+.3000 Windfall Coming !
---------------------------------------------------------------------
+1% overpayment to do so. What gets raised must get paid. They will likely
wait for a rebound before taking it back. I'm expecting it to rise into the
Red area of the O/D Tracker, but this could be wrong should we get a
rally. Within a rally, a payback would hurt the rebound within the (I) fund.
YTD O/D FOR ALL TSP FUNDS
(C) Fund vs. the SPX = 0.1903 TSP Cent Overpayment or +1.67%
(S) Fund vs. DWCPF. = 0.3304 TSP Cent Overpayment or +2.42%
(I). Fund vs. the EFA = 0.3531 TSP Cent Overpayment or +2.27%
DAILY (I) FUND VS. EFA O/D TRACKING RESULTS:
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(09/08/08) +0.1989% -0.3171 tsp cents
(09/09/08) +0.0157% -0.3098 tsp cents
(09/10/08) -0.1535% -0.2831 tsp cents
(09/11/08) -0.1739% -0.2491 tsp cents
(09/12/08) -0.3907% -0.1778 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(09/15/08) +0.8638% -0.3323 tsp cents
(09/16/08) -0.2278% -0.2873 tsp cents
(09/17/08) +0.8268% -0.4262 tsp cents
(09/18/08) -2.0361% -0.0642 tsp cents
(09/19/08) -0.4960%+0.0283 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(09/22/08)+2.5382% -0.4628 tsp cents
(09/23/08) -0.8997% -0.2822 tsp cents
(09/24/08) -0.2518% -0.2347 tsp cents
(09/25/08) -0.5076% -0.1412 tsp cents
(09/26/08) +0.3903% -0.2149 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(09/29/08)+2.3205% -0.6001 tsp cents
(09/30/08) -3.4591%+0.0025 tsp cents
(10/01/08) -0.7365% -0.1291 tsp cents
(10/02/08) -0.0580% -0.1135 tsp cents
(10/03/08)+0.6851% -0.2312 tsp cents
......DATE.....DLY % DIFF.....YTD TSP CENTS.....
(10/06/08) -0.1022% -0.2014 tsp cents
(10/07/08)+1.0228% -0.3531 tsp cents
THE KEY:
------------------------------------------------- WE OWE THEM ----
- .6000 thru -.4000 High Overpayment (Payback Past Due)
- .4000 thru -.3000 Elavated Overpayment, (Payback Immanent)
- .3000 thru -.2000 Medium Overpayment (Flip A Coin)
- .2000 thru -.1000 Low Overpayment, (Slightly Over Goal)
- .1000 thru -.0000 Minimum Overpayment (Goal is Met)
-------------------------------------------------- THEY OWE US ----
+.0000 thru+.1000 Low Deficit (Goal is Met)
+.1000 thru+.1500 Medium Deficit (Flip A Coin)
+.1500 thru+.2500 High Deficit (Rarely Goes Lower)
+.2500 thru+.3000 Windfall Coming !
---------------------------------------------------------------------
YTD IDX returns: YTD TSP returns: YTD SB current returns:
SPX= -32.15%.....C=...-30.99%....-14.73% (my figures)
DW.= -32.52%.....S=.. -30.91%....
EFA= -39.02%......I=...-37.17%...
AGG= -04.51%.....F=...+01.74%...
...........................G=...+02.94%...
MTD IDX returns: MTD TSP returns: MTD SB current returns:
SPX= -15.43%.....C=...-15.37%....-09.92%(my figures)
DW.= -19.10%.....S=.. -18.98%....
EFA= -15.84%.....I=....-13.56%...
AGG= -02.00%.....F=...+00.89%...
............................G=..+00.07%..
SPX= -32.15%.....C=...-30.99%....-14.73% (my figures)
DW.= -32.52%.....S=.. -30.91%....
EFA= -39.02%......I=...-37.17%...
AGG= -04.51%.....F=...+01.74%...
...........................G=...+02.94%...
MTD IDX returns: MTD TSP returns: MTD SB current returns:
SPX= -15.43%.....C=...-15.37%....-09.92%(my figures)
DW.= -19.10%.....S=.. -18.98%....
EFA= -15.84%.....I=....-13.56%...
AGG= -02.00%.....F=...+00.89%...
............................G=..+00.07%..
CORRECTION WAS REQUIRED IN MY MTD CALCULATIONS:
YTD IDX returns: YTD TSP returns: YTD SB current returns:
SPX= -32.15%.....C=...-30.99%....-14.73% (my figures)
DW.= -32.52%.....S=.. -30.91%....
EFA= -39.02%......I=...-37.17%...
AGG= -04.51%.....F=...+01.74%...
...........................G=...+02.94%...
MTD IDX returns: MTD TSP returns: MTD SB current returns:
SPX= -14.59%.....C=...-14.53%....-09.56%(my figures)
DW.= -17.78%.....S=.. -17.68%....
EFA= -14.97%.....I=....-12.98%...
AGG= -02.01%.....F=...+00.89%...
............................G=..+00.07%..
YTD IDX returns: YTD TSP returns: YTD SB current returns:
SPX= -32.15%.....C=...-30.99%....-14.73% (my figures)
DW.= -32.52%.....S=.. -30.91%....
EFA= -39.02%......I=...-37.17%...
AGG= -04.51%.....F=...+01.74%...
...........................G=...+02.94%...
MTD IDX returns: MTD TSP returns: MTD SB current returns:
SPX= -14.59%.....C=...-14.53%....-09.56%(my figures)
DW.= -17.78%.....S=.. -17.68%....
EFA= -14.97%.....I=....-12.98%...
AGG= -02.01%.....F=...+00.89%...
............................G=..+00.07%..
Dow shot up over 200 pts. then drops down to the 60's
We needed to hear something like this, but many are now
justifying caution because of the "real economy" is damaged.
Sleepies across the globe !
Finally, I got something right ! I feel so relieved ! Not !
http://www.tsptalk.com/mb/showpost.php?p=185967&postcount=369
Give some time for this Euro/US rate cut to sink in. I've guessed that
a rally was holding for such news. Yet, futures drop after the news.
Can we just be happy about a single day of positive news? I don't
know ! I'm pulling for us all. Maybe I'll throw out a rumor that all
Financial Companies have "Too much cash". Hell it works for the
negative rumors !
Last edited:
THIS INFORMATION IS RELATED TO A QUESTION THAT WAS POSED TO ME
BY "GUCHI" YESTERDAY. THERE'S ALOT OF INFO OUT THERE AND ITS ALL RELATIVE;
Buying the S&P 500 index today should be expected (but certainly not guaranteed) to result in an average return of about 6% per year if held for the next 10 years. The expected standard deviation around this expected 7% is also large so that the actual return over the next 10 years might be expected to fall within a range of say 4% to 8% per year with some chance of being outside that range. And in any given year, the return will range wildly and should be expected to be negative in some years..
READ THE ENTIRE ARTICLE BY CLICKING THE LINK BELOW;
http://www.investorsfriend.com/S and P 500 index valuation.htm
BY "GUCHI" YESTERDAY. THERE'S ALOT OF INFO OUT THERE AND ITS ALL RELATIVE;
Buying the S&P 500 index today should be expected (but certainly not guaranteed) to result in an average return of about 6% per year if held for the next 10 years. The expected standard deviation around this expected 7% is also large so that the actual return over the next 10 years might be expected to fall within a range of say 4% to 8% per year with some chance of being outside that range. And in any given year, the return will range wildly and should be expected to be negative in some years..
READ THE ENTIRE ARTICLE BY CLICKING THE LINK BELOW;
http://www.investorsfriend.com/S and P 500 index valuation.htm
Ouch ! IFT Today to lower amounts in risk funds.
I wish I had the stomach and the time. Its ugly !
I guess this is not the bottom and more pain is
instore. Let us pray for a Bear Rally for a little
relief. Even Art Cashen is extremely disappointed.
20%(C) 20%(S) 60%(G)
I wish I had the stomach and the time. Its ugly !
I guess this is not the bottom and more pain is
instore. Let us pray for a Bear Rally for a little
relief. Even Art Cashen is extremely disappointed.
20%(C) 20%(S) 60%(G)
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