TSP board to limit interfund transfers

[nnuut]

Speaking of Andrew Saul-

You remember the head of the Thrift Board that was also running for Congress, at the same time he was receiving money as a federal employee on the Thrift Board (Can you say Hatch Act)?

That same Andrew M. Saul, who , after we posted here on TSPTALK, the problem with running for Congress (HATCH ACT) and continuing to be on the Thrift Board, decided to WITHDRAW from the race in November 2007?

Well, it turns out he may have made a public statement saying that he was withdrawing from the Congressional Race, but it turns out, that according to the Federal Elections Commission, he didn't actually cease his campaign committee until APRIL of 2008. AFTER MAKING DECISIONS TO LIMIT TSP CONTRIBUTIONS.

While at the same time, continuing to solicit and expend Campaign Contributions.

In fact, his campaign collected some $1.4 MILLION dollars, and continued to spend money well into April 2008.

How about them apples?

Source: http://www.fec.gov then search the campaign filings of Andrew M. Saul.

Donors to Saul:
http://query.nictusa.com/cgi-bin/com_ind/C00434167/

Get on them again Bulldog (without Lipstick), bite a little deeper but don't let go, how can I help?!!!!!

 

[hessian]

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[Scout333]

Quick question, I seem to remember some of our members making IFTs of less than 1% which made it under the radar even if you had used your two IFTs for the month. Is it a total of all IFTs made for the day(say .9%) or can you make .9% per fund? i.e. .9% to C and .9% to S and I funds also?

Also, could you do it every day without being blocked?

 

[Gumby]

Quick question, I seem to remember some of our members making IFTs of less than 1% which made it under the radar even if you had used your two IFTs for the month. Is it a total of all IFTs made for the day(say .9%) or can you make .9% per fund? i.e. .9% to C and .9% to S and I funds also?

Also, could you do it every day without being blocked?

You will have to round up or down to the nearest even percent when you IFT.

 

[CountryBoy]

Quick question, I seem to remember some of our members making IFTs of less than 1% which made it under the radar even if you had used your two IFTs for the month. Is it a total of all IFTs made for the day(say .9%) or can you make .9% per fund? i.e. .9% to C and .9% to S and I funds also?

Also, could you do it every day without being blocked?

See Squalebear account talk. He's the guru on that strategy.

CB

 

[James48843]

Note:

Fedsmith today has Tracey Ray's comeback to the fact that trading costs have soared since the limits have been put in. Ray cherry picked the data, and made a case that costs have not gone up.

Of course she cherry picks the data.

http://fedsmith.com

 

[James48843]

Fedsmith article:


"Ms. Ray says that the TSP cannot control the actual cost per share to execute a trade. The costs for a trade are different depending on a variety of factors but the largest is market impact. Some days these costs are negative and other days these costs are positive. Some people have apparently interpreted the restrictions as a control on these trading expenses.


In reality, the IFT restrictions only serve to minimize the dollar volume of trading among the TSP funds. Generally, the costs will be lower when the dollar volume of the trades go down. Probably because of the IFT restrictions, the dollar volume of trades in the TSP has gone down from $41 billion through September 2007 to $28 billion through September 2008. Here is a chart displaying the trading volume for the same time period for 2007 and 2008. (We picked the end of September for comparison as this is the latest complete month at the time of this writing.)

 

[Guest2]

Quick question, I seem to remember some of our members making IFTs of less than 1% which made it under the radar even if you had used your two IFTs for the month. Is it a total of all IFTs made for the day(say .9%) or can you make .9% per fund? i.e. .9% to C and .9% to S and I funds also?

Also, could you do it every day without being blocked?

Scout, what ever the Fund, it can be raised up to the next whole number.
If all your funds ended in,,,,say,,,,12.03% you can raise all of them to 13%.
If you had your money in the (C)(S)(I)(F), then thats 4 funds x 0.97% or
3.88%. You actualy moved 3.88% out of the (G).

If you made a <1% IFT today, the percentages you asked for can be seen
tomorrow. However, you won't see partial percentages because they did
what you asked, after the market closed, so you'll only see whole numbers
which represent your IFT.

With that said, you have two choices on the day after your <1% IFT.
#1- Wait a additional day to see how your percentages have changed.
#2- Do another IFT. But utilize the same percentages that you did the
day before. If a fund goes down, your automatically adding shares to
that find. If the market goes up. Your taking some shares off the table.
If the funds end up mixed, you'll add shares to some funds, while taking
shares away in another.

I don't want to tie up this thread with a lengthy off-topic explanation.
I'm sure this will be confusing without additional information. Stop by
my thread and I will answer any additional questions you have.

 

[Scout333]

Thanks SB, I appreciate you taking the time to explain this procedure.

 

[tsptalk]

...The first quarter of data is now in. I'm studying it now.

And costs have soared.
Through July:

YTD costs for F fund went from 192,000 to 1,552,711
YTD costs for C fund went from -216,254 to +329,258
YTD costs for S fund went from -101,308 to + 367,371
and in July alone, I fund trading costs went from $248,847 to $2,796,494

All of the funds trading costs went up. As basis points, it went up. the dollar volume went down, but the costs soared.

I will be studying the numbers some more, and writing later about this.

You all should be ready to start writing some real angry letters soon.

Is there anything new to report on trading costs? I'm curious how this is playing out. Thanks!

 

[Frixxxx]

Is there anything new to report on trading costs? I'm curious how this is playing out. Thanks!

Yea, I'm really interested. Did the Larry, Moe, and Curly meet in November? Are they ever going to release the minutes? Is Ms. Ray going to recant her statements about the $700 billion dollar bailout actually making no difference in the market.....

Tune in next week when all these questions will still need answering.
:nuts:

 

[Skip]

We really need to push this as I can't trade this 2x times a month . Charge me a fee to trade.. But don't restrict my ability to make money....
Skip