sugarandspice
Well-known member
Maximum flexibility! We will not have this with IFT restrictions.
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
div>
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!TSP board to limit interfund transfers
- Thread starter caymanbrac12
- Start date
Maximum flexibility! We will not have this with IFT restrictions.
oreo
Member
This is his website:
http://www.andrewsaul.com/FUTURESTRADER
Active member
Sorry, I forgot who posted this, but this guy gives financial advisors a bad name..or worse name. He says people can't successfully day trade "on their own"!! What a blatant ploy to drum up business. He goes on to say he never met a daytrader who kept track of his/her returns compared to the S&P.
I stopped listening after that. Sounds like he just fell off the back of the "cheap suit and financial advisor certificate for $10" truck.
http://www.federalnewsradio.com/emedia/99825.mp3
Yes, they do
Interesting. This man, Andrew Saul seems to be the biggest part of the problem, from my perspective - possibly including supporting members of his cast on the Board. I've looked up his political campaign contributors - looks like 70% Investors. Most have Park Avenue, Upper East Side addresses. This is sickening. The B&H strategy of investing - it is not a buy and hold world anymore. Somehow, I doubt his investor friends are buying and holding.
http://query.nictusa.com/cgi-bin/dcdev/forms/C00434167/294753/sa/ALL
I don't know if this was posted or not... just in case...
TSP Board Members
http://www.tsptalk.com/images/tsp-board-members.pdfRe: TSP board VACANCY CLOSES 11/23
http://www.frtib.gov/personnel/FRTIB-SES-07-002A.pdf
Looks like there is a vacancy for TSP planning. All you Washington DCers get your application in we need some good people working for TSP.
robo
Well-known member
I posted a copy of my letter from 2006. I blanked out some stuff. I was not happy to get this letter. My money was stuck in the Market and I could not move it electronically. Talk about Ticked Off!!!!
Dear Robo
On May 28, 2004, the Securities and Exchange Commission (SEC) released their final rule RIN 3235-AI99 addressing excessive trading involving open-end mutual fund companies and variable annuity insurance companies.
Because of this ruling (and subsequent action brought against open-end mutual fund companies and insurance companies selling variable annuities), pension plan providers offering variable account programs had to comply with the SEC ruling. Initially using a manual system, we tried to manage this particular issue with limited success. It was not until late 2005 that we were able to implement a more accurate program to track frequent trading. That is why in January 2006, our program revealed activity in your accounts that is in conflict with the SEC rule.
During January you requested ( xxx ) balance transfers in your CAP/RSF accounts. Frequent, large or short-term transfers among subaccounts, such as those associated with "market timing" transactions, can adversely affect the funds and the returns which impacts all participants. Such transfers may dilute the value of fund shares and interfere with the efficient management of the Funds' portfolios, and increase brokerage and administrative costs of the Funds. To protect participants and the funds from potentially harmful trading activity, the CUBS Trustees in conjuction with CUNA Mutual Insurance Society, (Plan Sponser) and the Fund Custodian (Marshall&Illsley), have implemented certain market timing policies and procedures.
These policies and procedures apply to the recent transfers in your account. To minimize the market timing impact on all participants, your telephone/fax/internet transfer requests for your accounts are being suspended until June 1, 2006. You may continue to request transfers in writing through the U.S. mail or overnight delivery addressed to M&I Retirement Services__________, Appleton, Wi.
We understand that you may wish to periodically transfer money among subaccounts. Please contact our Retiement Investment and Planning Unit if you would like to discuss investment options or if you have any questions regarding this information. We can be contacted at 1-xxx-999-8786, option 3. Our business hours are Monday through Friday, 8 a.m. to 5 p.m. Central time.
William E. Barnes
Senior Pension Consultant, Regional Manager
Employee Benefit Products, CUNA Mutual Group
UB 4 2+4
(xxx)231-7695
i was wrong about how important the union are in this case. i talk to my higher ups and hopefully i can get the rep. e-mail that is on the council for the american postal workers union. lets bang this person with e-mail
Desperado
Member
Hmmm....doesn't look like this recent change will affect my investing strategy negatively at all. In fact, it seems to me that the savings they get from not letting you all trade 20 times a month will be passed on to me with a lower expense ratio. I think I'll send a letter to thank the board.
Seriously though, TSPtalk.com traders will likely have the exact same AVERAGE return trading 4 times a month (2 out of G fund, 2 back in) as they had trading 20 times a month. Don't forget the lesson of the monkeys. While you personally MIGHT have some market timing skill (but are probably just lucky that year), there are just as many who are unskilled (or more likely just unlucky) that on average you do no better than buying and holding.
As of 11/16 holding 20% each (a truly know-nothing portfolio) had returned 6.73%. Those of you who were tracked all year had a high return of 18.95% and a low of -8.12% (holy shiza Tom, all 5 funds are positive and you're down 8%? How is that less risky than buying and holding again?). 44 are beating the know-nothing portfolio and 46 are trailing it. Seems like an awful lot of effort to just get the same average return as just going 20% each. But hey, knock yourselves out writing your congressman. They probably used your returns as evidence that people didn't get any benefit from being able to trade on a daily basis. If they did, I'd have to say I agree with them.FUTURESTRADER
Active member
hey desperate-odd-o, long time no see. We missed you....with every bullet so far
fabijo
Well-known member
Desperado!
How ya doin? Did you have any idea the amount of influence you would have on this board? I can't believe the amount of monkey talk, monkey avatars, monkey sigs, and monkey programming that have been done since you compared us to dart throwing monkeys last year.Ron_Mundekis
New member
Recall this artical bellow. It seems to me that the real goal behind this move by the board is to create more long term investors to absorbed the expected market loses during our impending recession and beyond.
http://investing.reuters.co.uk/news..._01_NOA929805_RTRUKOC_0_ECONOMY-US-CREDIT.xml
U.S. could face $2 trillion lending shock
Mon Nov 19, 2007 9:00 AM GMT143
Email This Article | Print This Article | RSS
[-] Text [+]
LONDON (Reuters) - The impact of the U.S. mortgage market crisis on the underlying economy could be "dramatic" as leveraged investors may need to scale back lending by up to $2 trillion (1 trillion pounds), according to investment bank Goldman Sachs.
In a report dated November 15, Goldman's chief U.S. economist Jan Hatzius said a "back-of-the-envelope" estimate of credit losses on outstanding mortgages, based on past default experience, was around $400 billion.
But unlike stock market losses, which are typically absorbed by "long-only" investors, this mortgage-related hit is mostly borne by leveraged investors such as banks, broker-dealers, hedge funds and government-sponsored enterprises.FUTURESTRADER
Active member
they've borrowed against social security and the G fund. They can't let the G fund (latest slush fund) get out of their control.OK TSP Board here is the one question for you:
If everyone stops trading, how much money will we all receive for not trading? And I do mean daily, not monthly, or quarterly or semi annually?
Second question: Why is stopping or limiting the trading of those who own the money so important?
Answer these questions, and get your dirty paws off of my money.
FUTURESTRADER
Active member
ahhh....show-me...i think you captured the poor tormented soul's true demon...he's afraid to let anyone love him...desperado..a case for steadygain
James48843
Well-known member
Andrew Saul Congressional Campaign office phone number:
Phone
(914) 232-SAUL (7285)
Let's give them a call tomorrow.Similar threads
