I'm a BOP employee just recently hired a year ago at the age of 34 and I have been contributing 6% into TSP G fund for a year only because I'm not really sure what other funds to deal with and make more money as i'm seeing the g fund will only yield so much but yet is the safest as i'm reading from this forum, I've been doing alot of reading on this site and I hear many diffrent things to do but i'm not sure what route to take, I just want to be pointed in the right direction from you guys that obviously know what their doing. thanks
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TSP contributor question
- Thread starter rcnells
- Start date
Welcome fellow BOP employee. Glad to have you aboard. First, you
won't find too many members wanting to tell you what to do with your
money. Right now, the (G) Fund is the best fund of the year ! It appears
you have time on your side and it may be right (soon) to go into the risk
funds. I'll try to catch up with you, but right now is a bad time.
Pill
TSP Strategist
- Reaction score
- 5
I only wish I had some money sitting in the G fund right now.
I did manage to find 3k sitting around so I could put it into a stock that was 20% down. I have time so I know it was pay off down the road.
Yes things are bad. But c, s, i are bargains right now. What do you think? Is the I going to fall another 40% I don't think so. This is just my opinion, but if I had money on the side and a ways to retirement I would be buying stocks at a 30% bargain. History proves it will return.
I have time so I am not letting my emotions get involved with this down turn. I am doing the only right thing and increasing my TSP from 12%-19%. SMILE.
I did manage to find 3k sitting around so I could put it into a stock that was 20% down. I have time so I know it was pay off down the road.
Yes things are bad. But c, s, i are bargains right now. What do you think? Is the I going to fall another 40% I don't think so. This is just my opinion, but if I had money on the side and a ways to retirement I would be buying stocks at a 30% bargain. History proves it will return.
I have time so I am not letting my emotions get involved with this down turn. I am doing the only right thing and increasing my TSP from 12%-19%. SMILE.
James48843
TSP Talk Royalty
- Reaction score
- 905
Welcome rcnells.
If you are a new employee, welcome and be glad you found TSPTALK early in your career. Time is on your side.
My recommended reading for newer employees is this:
http://www.tsptalk.com/mb/showthread.php?t=3629
If you are sitting in "G" right, that's ok- that's what you are comfortable with. Just begin learning all you can, and, when you are comfortable with making a move, consider one of the "L" funds (maybe after we bottom, whenever that is going to be), until you are ready to be comfortable with the whole range of options available.
You've got time, and that's the most important thing.
Read that thread- because it could make the difference whether you retire eating cat food from a can, or eat steak.
It's worth the read.
Good luck.
If you are a new employee, welcome and be glad you found TSPTALK early in your career. Time is on your side.
My recommended reading for newer employees is this:
http://www.tsptalk.com/mb/showthread.php?t=3629
If you are sitting in "G" right, that's ok- that's what you are comfortable with. Just begin learning all you can, and, when you are comfortable with making a move, consider one of the "L" funds (maybe after we bottom, whenever that is going to be), until you are ready to be comfortable with the whole range of options available.
You've got time, and that's the most important thing.
Read that thread- because it could make the difference whether you retire eating cat food from a can, or eat steak.
It's worth the read.
Good luck.
Silverbird
Market Veteran
- Reaction score
- 27
Although last year starting in L2040 this time last year would have meant you lost a consierable amount of money, starting in L2040 right now it may not be bad advice. Just be warned, this is the first downtime for the L funds, they are not tested for downturns. They aren't a bad place to park if that's what you want, during upturns and flat times, and now IF you think that we are getting near the bottom and are getting ready for flat or recovery.
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