McDuck
Well-known member
The TSP office is in Birmingham AL. I wonder if someone lived close enough and wanted to take AL to drive there, I wonder if they would accept a hand delivered IFT and process it that morning.
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What YOU can do to fight back - IFT limit
- Thread starter James48843
- Start date
The TSP office is in Birmingham AL. I wonder if someone lived close enough and wanted to take AL to drive there, I wonder if they would accept a hand delivered IFT and process it that morning.
Silverbird
Well-known member
:blink: Ok, they are going to deal with 550 people doing their IFT's by mail? That could be a lot of mail on one of those active days. And as I said before it's worth sending changes express mail USPS to TSP's post office box, and it's not like TSP can forbid you sending express USPS, that's UnAmerican.
James48843
Well-known member
http://federalnewsradio.com/?sid=1357052&nid=169
By Dorothy Ramienski
Internet Editor
FederalNewsRadio
The Thrift Savings Plan reported a loss in risky stocks last month.
Tom Trabucco, Director of External Relations with the TSP, talked with Daily Debrief host Amy Morris on Tuesday's show about why February can be such a "mean little month."
All of the stock funds lost in February. The C Fund took the biggest hit with a loss of 3.28 percent. The S fund was next with a loss of 2.05 percent and the I fund was third with a .66 percent loss. On the other hand, the fixed income funds -- "Our government securities fund never has a bad day," as Mike Causey likes to say -- was up .24 percent and the F fund was up .16 percent.
Both of the fixed income funds performed on the positive side, but stocks had a pretty bad month. Trabucco says, however, losses don't always turn out to be negative.
Now the one thing that I do notice in looking at these numbers -- and it's something that the chairman of our board mentioned at the last board meeting, because January was also not a very good month -- and in reviewing that, he pointed out that the L funds are working as planned. When the returns go negative and those losses in the L funds, because they're a blend, which includes fixed income -- F and G as well as the three stock funds -- that blend mitigates the losses for the negative months in the stock fund.
So, diversity is key. Trabucco says putting all of your eggs in one basket is probably not a good idea when it comes to your TSP.
You have this blend -- this diversified investment -- which includes treasury securities, corporate and treasury bonds, which is what are in the F fund, and in the C, S and I funds you have the large cap, the small and medium cap and the international stock funds.
The ups and downs of the market are just two of the reasons why the TSP mailed out those annual participant statements. Trabucco says, most participants should have gotten them by now.
"What I would advise is sitting down with that and taking a look at it and making sure you're comfortable with your investment mix. If not, make some adjustments and then remember you're in it for the long haul."
Trabucco says, unfortunately, he doesn't have a crystal ball and notes no one can really project when, exactly, this economic slump will end.
It could be for a little while. It could be for a long time. It could be over. There's really no way to tell -- and that's why you just have to think about it in the long term and look at your investment horizon. For people in the TSP, if you're gonna retire and withdrawal your funds in twenty years, you're going to be through a number of business cycles. It's gonna be up and it's gonna be down, but over the long haul it's going to increase in value.
Another thing that seems to be down? TSP participants making frequent inter-fund transfers.
We now have the results for February showing . . . we had less than 550 of those 3,375 who were still frequently trading their funds. So, for those folks -- that very small number, 550 -- we're going to be contacting them again and telling them how they can make future inter-fund transfers by mail.
Trabucco says he wants to thank the participants who stopped making the frequent transfers.
By Dorothy Ramienski
Internet Editor
FederalNewsRadio
The Thrift Savings Plan reported a loss in risky stocks last month.
Tom Trabucco, Director of External Relations with the TSP, talked with Daily Debrief host Amy Morris on Tuesday's show about why February can be such a "mean little month."
All of the stock funds lost in February. The C Fund took the biggest hit with a loss of 3.28 percent. The S fund was next with a loss of 2.05 percent and the I fund was third with a .66 percent loss. On the other hand, the fixed income funds -- "Our government securities fund never has a bad day," as Mike Causey likes to say -- was up .24 percent and the F fund was up .16 percent.
Both of the fixed income funds performed on the positive side, but stocks had a pretty bad month. Trabucco says, however, losses don't always turn out to be negative.
Now the one thing that I do notice in looking at these numbers -- and it's something that the chairman of our board mentioned at the last board meeting, because January was also not a very good month -- and in reviewing that, he pointed out that the L funds are working as planned. When the returns go negative and those losses in the L funds, because they're a blend, which includes fixed income -- F and G as well as the three stock funds -- that blend mitigates the losses for the negative months in the stock fund.
So, diversity is key. Trabucco says putting all of your eggs in one basket is probably not a good idea when it comes to your TSP.
You have this blend -- this diversified investment -- which includes treasury securities, corporate and treasury bonds, which is what are in the F fund, and in the C, S and I funds you have the large cap, the small and medium cap and the international stock funds.
The ups and downs of the market are just two of the reasons why the TSP mailed out those annual participant statements. Trabucco says, most participants should have gotten them by now.
"What I would advise is sitting down with that and taking a look at it and making sure you're comfortable with your investment mix. If not, make some adjustments and then remember you're in it for the long haul."
Trabucco says, unfortunately, he doesn't have a crystal ball and notes no one can really project when, exactly, this economic slump will end.
It could be for a little while. It could be for a long time. It could be over. There's really no way to tell -- and that's why you just have to think about it in the long term and look at your investment horizon. For people in the TSP, if you're gonna retire and withdrawal your funds in twenty years, you're going to be through a number of business cycles. It's gonna be up and it's gonna be down, but over the long haul it's going to increase in value.
Another thing that seems to be down? TSP participants making frequent inter-fund transfers.
We now have the results for February showing . . . we had less than 550 of those 3,375 who were still frequently trading their funds. So, for those folks -- that very small number, 550 -- we're going to be contacting them again and telling them how they can make future inter-fund transfers by mail.
Trabucco says he wants to thank the participants who stopped making the frequent transfers.
nnuut
Moderator | TSP Legend
YAHOOO!!!!! Hope Sauber will see you, if he does how can he ignore the facts? YOU ARE THE MAN!!
Norman
View attachment 3437
Norman
View attachment 3437
qibovin
Member
Is there an IG equivalent of some sort? Several people have talked about the need for an investigation. Well, how do we go about getting one started? Who do you call? Ghostbusters?:cheesy:
FUTURESTRADER
Active member
And the amount of resources they're expending to justify their position could /should /might
come in to question by an IG or other performance board.
qibovin
Member
Even if it went up significantly, it would be less of an issue if everyone were doing it. The FRTIB's (only) argument is that it is "unfair" because the costs (however miniscule) are being distributed to those who are less active in rebalancing their accounts.
James48843
Well-known member
Glad you like it.
Do me a favor though- please - EVERYBODY-
Go to this link:
http://tspshareholder.org/newsletters/Vol2_No4.html
Print out that newsletter tomorrow at work, and leave it laying around the lunch room or water cooler.
We need to get the word out. We need MORE people involved. There are 3.8 MILLION federal employees out there. And all of them will be affected if this limit goes through. And 3.79 milion of them don't have any idea why, they simply will be taking the word of the Thrfit Board as their rights are stripped away.
We have only about 1,000 people on the e-mail list.
And only 3,475 have signed the petition.
We need to double the petition signatures, and triple the number of people signed up to receive newsletters fast.
Thrift Board will argue that the only ones who are opposed are the 3,000 who are getting letters for being frequent traders. And they will point to our petition's measely 3,475 signatures as proof. They will say that the 3,475 petition signeres are the same people as the ones who trade. WE know they are not the same people, but there is no way to prove that to the media. We need to double the number of signatures. And that starts with YOU.
We need to mobilize a LOT MORE people into this thing- including getting a lot more people signed up to receive free newsletters, and a lot more people signing the petition.
And that starts with YOU.
Each and every one of YOU.
Tomorow, at work, print out the newsletter.
Talk about it over lunch to two or three people.
And ask them to sign the petition to defend their right to control their own money.
And then do it again the next day, and the next day.
If we can get each person to get two others to sign in the next few days, we'll make a real dent in the number of signatures.
Tomorrow I am going to D.C.- in an attempt to talk to some ETAC members.
I'm traveling on my own Annual Leave, and the donations YOU have given to help support this fight. I can to a little- but YOU need to do your part too- to help publicise this attack on YOUR RIGHTS as federal employees, and stop this by getting MORE Federal employees involved in the fight.
I need YOUR help.
Thanks.
Do me a favor though- please - EVERYBODY-
Go to this link:
http://tspshareholder.org/newsletters/Vol2_No4.html
Print out that newsletter tomorrow at work, and leave it laying around the lunch room or water cooler.
We need to get the word out. We need MORE people involved. There are 3.8 MILLION federal employees out there. And all of them will be affected if this limit goes through. And 3.79 milion of them don't have any idea why, they simply will be taking the word of the Thrfit Board as their rights are stripped away.
We have only about 1,000 people on the e-mail list.
And only 3,475 have signed the petition.
We need to double the petition signatures, and triple the number of people signed up to receive newsletters fast.
Thrift Board will argue that the only ones who are opposed are the 3,000 who are getting letters for being frequent traders. And they will point to our petition's measely 3,475 signatures as proof. They will say that the 3,475 petition signeres are the same people as the ones who trade. WE know they are not the same people, but there is no way to prove that to the media. We need to double the number of signatures. And that starts with YOU.
We need to mobilize a LOT MORE people into this thing- including getting a lot more people signed up to receive free newsletters, and a lot more people signing the petition.
And that starts with YOU.
Each and every one of YOU.
Tomorow, at work, print out the newsletter.
Talk about it over lunch to two or three people.
And ask them to sign the petition to defend their right to control their own money.
And then do it again the next day, and the next day.
If we can get each person to get two others to sign in the next few days, we'll make a real dent in the number of signatures.
Tomorrow I am going to D.C.- in an attempt to talk to some ETAC members.
I'm traveling on my own Annual Leave, and the donations YOU have given to help support this fight. I can to a little- but YOU need to do your part too- to help publicise this attack on YOUR RIGHTS as federal employees, and stop this by getting MORE Federal employees involved in the fight.
I need YOUR help.
Thanks.
Last edited:
nnuut
Moderator | TSP Legend
Newsletter is a knockout James. I see that BULLDOG still has a good hold on TSP's ear!!
View attachment 3428Yes, THANK YOU James. And folks, Bruce mentions the one big thing that we ALL need to watch for, and take action on, when it comes out - the Federal Register Notice that FRTIB will publish very soon now, announcing their proposal to limit IFT's to three per month, and opening a comment period. Remember, the last Fed. Register notice that came out (late December) only covered sending the letters to the 3,000 "frequent traders". This next Fed. Register Notice is the big one, that we all need to respond to, IN FORCE. James has provided us with a ton of good data to use in our responses. And this time, they will have to publish a response to our comments, so let's force them to try to refute our data, in print. They are trying to address a "problem" that is not a problem at all, and we need to tell them to back off and let us manage our accounts as we see fit. This is FAR from over, folks, but we really do need to stick together and fight this, and the next month or so is going to be very critical, I think.
Weather_n_Leather
Member
James,
Thank you for doing all of the math and showing that unlimited Interfund Transfers cost little for the average TSP member. The only question I would have to ask is how would that number change if every member truly made "unlimited" transfers.
I would think that most people do not make very many Interfund Transfers. I only made around 12 Interfund Transfers last year and around 3 so far this year.
I am sure it would increase. But I would have no idea how to guess how much.
:suspicious:
Thank you for doing all of the math and showing that unlimited Interfund Transfers cost little for the average TSP member. The only question I would have to ask is how would that number change if every member truly made "unlimited" transfers.
I would think that most people do not make very many Interfund Transfers. I only made around 12 Interfund Transfers last year and around 3 so far this year.
I am sure it would increase. But I would have no idea how to guess how much.
:suspicious:
poolman
Top Return 2008
Very, Very, Good! 
This is a very impressive letter. I would Gladly pay more than this to have unlimited IFT'S.
I wonder if they read this ?
Changes get made without any input from Federal Employees.
It would seem that there could be more action taken but people are Blind and uneducated to what they want to do.
This is a very impressive letter. I would Gladly pay more than this to have unlimited IFT'S.
I wonder if they read this ?
Changes get made without any input from Federal Employees.
It would seem that there could be more action taken but people are Blind and uneducated to what they want to do.
James48843
Well-known member
[FONT=Arial,Helvetica,sans-serif]
[FONT=Arial,Helvetica,sans-serif]THE STATS: [/FONT]
[FONT=Arial,Helvetica,sans-serif]TRADING COSTS - INTERFUND TRANSFERS- PER TSP SHAREHOLDER- [/FONT]
[FONT=Arial,Helvetica,sans-serif]HAVE NEVER BEEN LOWER. [/FONT]
[FONT=Arial,Helvetica,sans-serif]F Fund: [/FONT]
[FONT=Arial,Helvetica,sans-serif]Amount Traded in November: $401, 522, 125[/FONT]
[FONT=Arial,Helvetica,sans-serif]November Costs: -$32,997 [/FONT]
[FONT=Arial,Helvetica,sans-serif]Year to Date Costs: $1,050,599 [/FONT]
[FONT=Arial,Helvetica,sans-serif]YTD Basis Points: 1.3 [/FONT]
[FONT=Arial,Helvetica,sans-serif]C Fund: [/FONT]
[FONT=Arial,Helvetica,sans-serif]Amount Traded in November: $ 1, 018, 796, 985[/FONT]
[FONT=Arial,Helvetica,sans-serif]November Costs: -$278,186[/FONT]
[FONT=Arial,Helvetica,sans-serif]Year to Date Costs: $ 507,589[/FONT]
[FONT=Arial,Helvetica,sans-serif]YTD Basis Points: 0.5[/FONT]
[FONT=Arial,Helvetica,sans-serif]S Fund: [/FONT]
[FONT=Arial,Helvetica,sans-serif]Amount Traded in November: $1,892,757,769[/FONT]
[FONT=Arial,Helvetica,sans-serif]November Costs: - $ 150,698[/FONT]
[FONT=Arial,Helvetica,sans-serif]Year to Date Costs: - 4, 301, 097[/FONT]
[FONT=Arial,Helvetica,sans-serif]YTD Basis Points: - 3.3[/FONT]
[FONT=Arial,Helvetica,sans-serif]I Fund[/FONT]
[FONT=Arial,Helvetica,sans-serif]Amount traded in November: $1, 944, 309, 620 [/FONT]
[FONT=Arial,Helvetica,sans-serif]November Costs: $2, 196, 263[/FONT]
[FONT=Arial,Helvetica,sans-serif]Year to Date Costs: $15, 753, 468[/FONT]
[FONT=Arial,Helvetica,sans-serif]YTD Basis Points: 6.2[/FONT]
[FONT=Arial,Helvetica,sans-serif]Note: The I fund costs are higher due to setting the price prior to market execution. The 2006 comparable I Fund YTD basis points were 10.2 basis points. The higher volume of trading in the I Fund in 2007, combined with Barclays swtich to using ETFs rather than stock shares were both directly responsible for the lower Basis Point costs associated with the 2007 figures. [/FONT]
[FONT=Arial,Helvetica,sans-serif]Number of TSP Share Holders in December 2006: 3,680,000[/FONT]
[FONT=Arial,Helvetica,sans-serif]Number of TSP Share Holders in December 2007: 3, 825,000[/FONT]
[FONT=Arial,Helvetica,sans-serif]TOTAL TRADING COSTS FOR 2006 (through November) [/FONT]
[FONT=Arial,Helvetica,sans-serif]$12,963,106, or $3.52 per person. [/FONT]
[FONT=Arial,Helvetica,sans-serif]TOTAL TRADING COSTS FOR 2007 (Through November): [/FONT]
[FONT=Arial,Helvetica,sans-serif]$13,010,559, or $ 3.40 cents per person. [/FONT]
IN 2007, IT COSTS JUST $3.40 CENTS PER TSP SHARE HOLDER TO ALLOW UNLIMITED INTERFUND TRANSFERS FOR THE ENTIRE YEAR.[/FONT][/FONT]
[FONT=Arial,Helvetica,sans-serif]THE STATS: [/FONT]
[FONT=Arial,Helvetica,sans-serif]TRADING COSTS - INTERFUND TRANSFERS- PER TSP SHAREHOLDER- [/FONT]
[FONT=Arial,Helvetica,sans-serif]HAVE NEVER BEEN LOWER. [/FONT]
[FONT=Arial,Helvetica,sans-serif]TRADING COSTS[/FONT]
[FONT=Arial,Helvetica,sans-serif]Trading costs in the F, C, and S Funds were negative in November.
[FONT=Arial,Helvetica,sans-serif]F Fund: [/FONT]
[FONT=Arial,Helvetica,sans-serif]Amount Traded in November: $401, 522, 125[/FONT]
[FONT=Arial,Helvetica,sans-serif]November Costs: -$32,997 [/FONT]
[FONT=Arial,Helvetica,sans-serif]Year to Date Costs: $1,050,599 [/FONT]
[FONT=Arial,Helvetica,sans-serif]YTD Basis Points: 1.3 [/FONT]
[FONT=Arial,Helvetica,sans-serif]C Fund: [/FONT]
[FONT=Arial,Helvetica,sans-serif]Amount Traded in November: $ 1, 018, 796, 985[/FONT]
[FONT=Arial,Helvetica,sans-serif]November Costs: -$278,186[/FONT]
[FONT=Arial,Helvetica,sans-serif]Year to Date Costs: $ 507,589[/FONT]
[FONT=Arial,Helvetica,sans-serif]YTD Basis Points: 0.5[/FONT]
[FONT=Arial,Helvetica,sans-serif]S Fund: [/FONT]
[FONT=Arial,Helvetica,sans-serif]Amount Traded in November: $1,892,757,769[/FONT]
[FONT=Arial,Helvetica,sans-serif]November Costs: - $ 150,698[/FONT]
[FONT=Arial,Helvetica,sans-serif]Year to Date Costs: - 4, 301, 097[/FONT]
[FONT=Arial,Helvetica,sans-serif]YTD Basis Points: - 3.3[/FONT]
[FONT=Arial,Helvetica,sans-serif]I Fund[/FONT]
[FONT=Arial,Helvetica,sans-serif]Amount traded in November: $1, 944, 309, 620 [/FONT]
[FONT=Arial,Helvetica,sans-serif]November Costs: $2, 196, 263[/FONT]
[FONT=Arial,Helvetica,sans-serif]Year to Date Costs: $15, 753, 468[/FONT]
[FONT=Arial,Helvetica,sans-serif]YTD Basis Points: 6.2[/FONT]
[FONT=Arial,Helvetica,sans-serif]Note: The I fund costs are higher due to setting the price prior to market execution. The 2006 comparable I Fund YTD basis points were 10.2 basis points. The higher volume of trading in the I Fund in 2007, combined with Barclays swtich to using ETFs rather than stock shares were both directly responsible for the lower Basis Point costs associated with the 2007 figures. [/FONT]
[FONT=Arial,Helvetica,sans-serif]Number of TSP Share Holders in December 2006: 3,680,000[/FONT]
[FONT=Arial,Helvetica,sans-serif]Number of TSP Share Holders in December 2007: 3, 825,000[/FONT]
[FONT=Arial,Helvetica,sans-serif]TOTAL TRADING COSTS FOR 2006 (through November) [/FONT]
[FONT=Arial,Helvetica,sans-serif]$12,963,106, or $3.52 per person. [/FONT]
[FONT=Arial,Helvetica,sans-serif]TOTAL TRADING COSTS FOR 2007 (Through November): [/FONT]
[FONT=Arial,Helvetica,sans-serif]$13,010,559, or $ 3.40 cents per person. [/FONT]
[FONT=Arial,Helvetica,sans-serif]
[/FONT]
IN 2007, IT COSTS JUST $3.40 CENTS PER TSP SHARE HOLDER TO ALLOW UNLIMITED INTERFUND TRANSFERS FOR THE ENTIRE YEAR.[/FONT][/FONT]
Last edited:
James48843
Well-known member
New "TSPSHAREHOLDER.ORG" Newsletter out today.
Here is the link:
http://tspshareholder.org/newsletters/Vol2_No4.html
Read it and digest-
It costs just $3.40 per YEAR for the unlimited interfund trasnfers to be done.
And the "portfolio turnover" is not out of line with other mutual funds- in fact TSP ranks below nearly all in costs, and even the most expensive fund to trade- the I fund, has costs lower than 90% of all funds in the market, while being in the 40th decile in the amount of trading going on. The I fund's reported "100% turnover" puts it in the middle of the pack, compared to other funds out there.
Read the whole story at the above link.
Here is the link:
http://tspshareholder.org/newsletters/Vol2_No4.html
Read it and digest-
It costs just $3.40 per YEAR for the unlimited interfund trasnfers to be done.
And the "portfolio turnover" is not out of line with other mutual funds- in fact TSP ranks below nearly all in costs, and even the most expensive fund to trade- the I fund, has costs lower than 90% of all funds in the market, while being in the 40th decile in the amount of trading going on. The I fund's reported "100% turnover" puts it in the middle of the pack, compared to other funds out there.
Read the whole story at the above link.
alevin
Well-known member
James, I've been out of touch the past week, just catching up.
I honor your efforts on this issue and understand the concern about them withholding/delaying crucial information that would help you carry the fight forward. The concern about lack of current data may (or may not) be resolvable before you go to DC, but just in case, are you familiar with the Freedom of Information Act? They cannot withhold publicly available information if you request it under FOIA. They have to send it-if they have it in hand. They don't have to compile and summarize figures for you specially, but if it's already been done, they have to provide it upon FOIA request as I understand it. My agency deals with FOIA requests all the time and I'm not the in-house expert, but I have had to round up existing information to respond to such requests. They have a very short period of time to respond to you under the law (don't recall if its 5 days or longer, it's been awhile since I got roped in on a response). don't know if it would make a difference but it might.
I honor your efforts on this issue and understand the concern about them withholding/delaying crucial information that would help you carry the fight forward. The concern about lack of current data may (or may not) be resolvable before you go to DC, but just in case, are you familiar with the Freedom of Information Act? They cannot withhold publicly available information if you request it under FOIA. They have to send it-if they have it in hand. They don't have to compile and summarize figures for you specially, but if it's already been done, they have to provide it upon FOIA request as I understand it. My agency deals with FOIA requests all the time and I'm not the in-house expert, but I have had to round up existing information to respond to such requests. They have a very short period of time to respond to you under the law (don't recall if its 5 days or longer, it's been awhile since I got roped in on a response). don't know if it would make a difference but it might.
James,
I just finished sending you a contribution via credit card through the safe payment alternative offered in the TSPshareholder.org site. There is no way to deflect the responsibility on this issue. We have to fight the board, and we have to increase the chances for success. I believe that we have very strong arguments on our side. Let's take them to the heart of the powers that be! Good luck to all! And, Godspeed to you James!
I just finished sending you a contribution via credit card through the safe payment alternative offered in the TSPshareholder.org site. There is no way to deflect the responsibility on this issue. We have to fight the board, and we have to increase the chances for success. I believe that we have very strong arguments on our side. Let's take them to the heart of the powers that be! Good luck to all! And, Godspeed to you James!
