TSP Limits Plus Free G-fund Moves

[luv2read]

Re: FireWeatherMet Account Talk

Why it is what it is. "The meat" starts on page 9.
https://www.tsp.gov/bulletins/08-4.pdf

 

[nasa1974]

Re: FireWeatherMet Account Talk

Thanks l2r that dragged up some old memories.
Squalbear was the one that came up with the <1% idea. I worked with him on it and actually used my account to test it out.

 

[Frixxxx]

Re: FireWeatherMet Account Talk

Why it is what it is. "The meat" starts on page 9.
https://www.tsp.gov/bulletins/08-4.pdf

"Second, the G Fund has been subjected to a frequent transfer/market timing practice that is particularly insidious." interesting!

 

[Bullitt]

Re: FireWeatherMet Account Talk

Federal Register / Vol. 73, No. 80 / Thursday, April 24, 2008 / Rules and Regulations

Some of the frequent interfund transferors have determined that by making one-day round trips in and out of the G Fund three to five times each month, they are able to effectively collect a full month’s worth of G Fund earnings for just three to five days of actual G Fund investment. The windfall they secure comes at the direct expense of long-term G Fund investors who never anticipated that their safe retirement investment would be subjected to such mercenary treatment by their fellow TSP participants.

Practitioners visit a Web site in order to compare notes and calculations to assist each other in the execution of this scheme. They congregate at a message board which they have aptly titled ‘‘G Fund Payday.’’ Indeed, like ghost workers, these individuals only show up in the G Fund on the days when their calculations show that G Fund shares will increase in value. With a finite amount of earnings to be allocated, these individuals unquestionably dilute G Fund value at the expense of long-term investors.

Last activity on that thread was August 2008.

 

[luv2read]

Re: FireWeatherMet Account Talk

Federal Register / Vol. 73, No. 80 / Thursday, April 24, 2008 / Rules and Regulations



Last activity on that thread was August 2008.

View attachment 54972

Hey Bullitt!! Yes, I'm gravedigging old threads because it seems that FRTIB is up to it's old tricks screwing members with this new system. Those who weren't in TSP or TSPTalk then need to be aware this isn't the first time. We, the "BAD 3K" did nothing wrong, or illegal. The reasons they gave for limiting IFT's (increased costs, etc.) were false. Remember the I fund FV "mystery money." We didn't cheat, Barclays did, and that all finally came out.

 

[luv2read]

Re: FireWeatherMet Account Talk

Did we ever get an answer to: Why is the fund manager (previously Barclays, currently BlackRock and State Street Global Advisors) allowed to rebalance the L funds daily (that are composed of all the funds), but we are not allowed to do the same with our accounts? Why don't the limits apply to those funds?

Also, does that + - FV "mystery money" still show up in the I fund?

 

[PessOptimist]

Re: FireWeatherMet Account Talk

I am reading through old old G Fund thread trying to find out how I can screw y’all out of millions. Perhaps they changed how they figure daily balances? Something about G Fund Payday and Fed Register vol 73, No. 80.
Welcome back bookworm and thanks for bumping all those old posts. Yeah, newer members need to know that iffy stuff about TSP is not new. Better than the times we only knew our balance by the snail mail statements.
I follow my balance with an old spread sheet (thanks whoever it was that created it) and verify my balance at least monthly on TSP.gov. I see my G Fund shares increase by about $.0014 per day.
I used to track the interest rate and it followed pretty close to the G interest rate minus the $.043 management fee.
Does G Fund payday no longer exist?

PO

 

[PessOptimist]

Re: FireWeatherMet Account Talk

Did we ever get an answer to: Why is the fund manager (previously Barclays, currently BlackRock and State Street Global Advisors) allowed to rebalance the L funds daily (that are composed of all the funds), but we are not allowed to do the same with our accounts? Why don't the limits apply to those funds?

Also, does that + - FV "mystery money" still show up in the I fund?

I believe the answers to your questions are no and I think so but no one seems to follow it anymore.
PO

 

[taba4555]

Re: FireWeatherMet Account Talk

Hi, I just found out that if you are 100% in one fund like me going from C to G, and you change your future contributions to C and G when the C fund received the funds and I tried to round up it did not let me.

 

[nasa1974]

Re: FireWeatherMet Account Talk

Hi, I just found out that if you are 100% in one fund like me going from C to G, and you change your future contributions to C and G when the C fund received the funds and I tried to round up it did not let me.

So, if I understand what you are saying is that currently you are 100% "G" fund and contributing to both the "C" and "G" funds? To the best of my knowledge, you aren't able to round up your contributing amounts.

You can round up between 0.1 and 0.9%. Man, I'm knocking out some cobwebs. When you round up (<1% move) you are rounding up the percentage in your funds not dollar amounts. The way it worked was this morning you were 49.9% in "G" and 50.1% in "C" and you wanted to round up your "C" fund. You would make the change to 49% "G" and 51% "C". Yes, the dollar amount will change, but only slightly. Also, this only worked every other day, and it could count towards your first two IFT's for the month if you hadn't used them yet.

 

[taba4555]

Re: FireWeatherMet Account Talk

Thank you, I am still getting used to the new site