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Last time I check there were 3.15M people in TSP.
I have done48 so far this year. I do a lot the first three months and the last three months. Now just wait and see mode.
By looking at some folks accounts here - I am a long term investor
.
142 out of 3.15M is .000045%.
I do not think so.
Last time I check there were 3.15M people in TSP.
I have done48 so far this year. I do a lot the first three months and the last three months. Now just wait and see mode.
By looking at some folks accounts here - I am a long term investor
.142 out of 3.15M is .000045%.
I do not think so.
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DMA wrote:
Even shorted a few (KB and TOL from this list).
Homebuilders Take a Hit
Monday June 20, 3:39 pm ET
Homebuilding company Centex (NYSE:CTX - News) said it's exploring strategic options regarding its U.K. operation Fairclough Homes, including a possible sale of the division.
The company said there could be no assurance that the process will result in a specific transaction. Centex has hired Merrill Lynch to advise the company while it considers its alternatives.
Shares of Centex were down $1.40, or 2%, to $69.54.
Centex acquired Fairclough Homes in 1999. For the fiscal year ended March 31, Fairclough Homes closed 1,563 units and recorded operating earnings of almost $67 million on revenue of $501.3 million.
Other homebuilders were also lower Monday along with the broader market. Lennar (NYSE:LEN - News) was down 2% to $61.89, and KB Home (NYSE:KBH - News) was falling almost 3% to $75.19. Toll Brothers (NYSE:TOL - News) was losing 3.5% to $100.91, and Hovnanian (NYSE:HOV - News) was slipping 0.7% to $65.73. Pulte (NYSE:PHM - News) was down 3% to $83.22.
DMA wrote:
Glad I sold them on Friday.http://www.govexec.com/dailyfed/0405/042005d1.htm
I would say this guy is going to lose concerning the REIT fund.
Darn. No wonder REITS stocks are ramping. I guess I need to sell into them.
That is what a contrarian does.
Even shorted a few (KB and TOL from this list). Homebuilders Take a Hit
Monday June 20, 3:39 pm ET
Homebuilding company Centex (NYSE:CTX - News) said it's exploring strategic options regarding its U.K. operation Fairclough Homes, including a possible sale of the division.
The company said there could be no assurance that the process will result in a specific transaction. Centex has hired Merrill Lynch to advise the company while it considers its alternatives.
Shares of Centex were down $1.40, or 2%, to $69.54.
Centex acquired Fairclough Homes in 1999. For the fiscal year ended March 31, Fairclough Homes closed 1,563 units and recorded operating earnings of almost $67 million on revenue of $501.3 million.
Other homebuilders were also lower Monday along with the broader market. Lennar (NYSE:LEN - News) was down 2% to $61.89, and KB Home (NYSE:KBH - News) was falling almost 3% to $75.19. Toll Brothers (NYSE:TOL - News) was losing 3.5% to $100.91, and Hovnanian (NYSE:HOV - News) was slipping 0.7% to $65.73. Pulte (NYSE:PHM - News) was down 3% to $83.22.
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http://biz.yahoo.com/cbsm/050621/6ca24062d75a4e7e973cef333c2ecb62.html
REITS in the news.
Reality hits home for real estate
----------------------------------------------
You find in trends the commodity (example house) follows the stocks.
Example precious metals stocks were getting smoked two days ago. Precious metals fell yesterday and again today.
The commodity or hard assets follows the stock action. It is all most uncanny. Yes there is a disconnect for a short period - you can use that disconnect for trading.
We have seen over the past couple days what the REIT stocks have been doing. I know with houses the action will be a little slower....but I am seeing a crack in the REIT stocks. Interesting to follow my thesis. It works for the hard assets - should apply to houses which are a hard asset like precious metals, steel, cooper, etc, etc. Been so long since houses prices have gone down it is hard for me to remember. Need to research up on this topic.
Have a good day!
http://biz.yahoo.com/cbsm/050621/6ca24062d75a4e7e973cef333c2ecb62.html
REITS in the news.
Reality hits home for real estate
----------------------------------------------
You find in trends the commodity (example house) follows the stocks.
Example precious metals stocks were getting smoked two days ago. Precious metals fell yesterday and again today.
The commodity or hard assets follows the stock action. It is all most uncanny. Yes there is a disconnect for a short period - you can use that disconnect for trading.
We have seen over the past couple days what the REIT stocks have been doing. I know with houses the action will be a little slower....but I am seeing a crack in the REIT stocks. Interesting to follow my thesis. It works for the hard assets - should apply to houses which are a hard asset like precious metals, steel, cooper, etc, etc. Been so long since houses prices have gone down it is hard for me to remember. Need to research up on this topic.
Have a good day!
G
Greg
Guest
imported post
Power Struggle
By David McGlinchey
dmcglinchey@govexec.com
The Federal Thrift Retirement Investment Board was thrown briefly into conflict this week when one member suggested more stringent controls on the powers of the Thrift Savings Plan's executive director.
The public portion of Monday's board meeting was about to conclude when board member Thomas Fink put forward his informal but controversial proposal to exert more control over the executive director's decisions. Fink suggested that the executive director be required to seek board approval for decisions that involve more than 10 percent of the Thrift plan's budget or for issues that a majority of board members deem important.
Gary Amelio is the executive director of the TSP. The plan operates as a 401(k)-style retirement system for federal employees. It has about 3.5 million participants and more than $150 billion in assets.
Fink said that his idea is not a slight to Amelio, and he suggested that the policy could provide legal protection for the executive director. At least one board member, however, rushed to squash the idea.
Alex Sanchez told Fink he saw no reason to implement limits on Amelio's decision making.
"I almost fell out of my chair when I heard that question," Sanchez said.
Thrift board Chairman Andrew Saul said that he wants board members to think over the proposal before the next meeting.
"I'm not saying it's a bad idea, I'm not saying it's a great idea," Saul said. "I just want to talk about this...I'm not going to pocket it; we're going to talk about it."
TSP staff members said that a discussion of the issue should take place on the record at a meeting. Sanchez noted that Amelio always has brought major decisions to the board's attention. Fink replied that he wants to formalize that process.
"He didn't have to" bring the information, Fink said. "I think he should have to do it."
This document is located at http://www.govexec.com/dailyfed/0605/062305pb.htm
Power Struggle
By David McGlinchey
dmcglinchey@govexec.com
The Federal Thrift Retirement Investment Board was thrown briefly into conflict this week when one member suggested more stringent controls on the powers of the Thrift Savings Plan's executive director.
The public portion of Monday's board meeting was about to conclude when board member Thomas Fink put forward his informal but controversial proposal to exert more control over the executive director's decisions. Fink suggested that the executive director be required to seek board approval for decisions that involve more than 10 percent of the Thrift plan's budget or for issues that a majority of board members deem important.
Gary Amelio is the executive director of the TSP. The plan operates as a 401(k)-style retirement system for federal employees. It has about 3.5 million participants and more than $150 billion in assets.
Fink said that his idea is not a slight to Amelio, and he suggested that the policy could provide legal protection for the executive director. At least one board member, however, rushed to squash the idea.
Alex Sanchez told Fink he saw no reason to implement limits on Amelio's decision making.
"I almost fell out of my chair when I heard that question," Sanchez said.
Thrift board Chairman Andrew Saul said that he wants board members to think over the proposal before the next meeting.
"I'm not saying it's a bad idea, I'm not saying it's a great idea," Saul said. "I just want to talk about this...I'm not going to pocket it; we're going to talk about it."
TSP staff members said that a discussion of the issue should take place on the record at a meeting. Sanchez noted that Amelio always has brought major decisions to the board's attention. Fink replied that he wants to formalize that process.
"He didn't have to" bring the information, Fink said. "I think he should have to do it."
This document is located at http://www.govexec.com/dailyfed/0605/062305pb.htm
