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What YOU can do to fight back - IFT limit
- Thread starter James48843
- Start date
Braveheart
Member
The Fed Is now in Charge Office of Thrift Supervision Shut Down
http://news.yahoo.com/s/ap/20080329/ap_on_go_pr_wh/fed_overhaul
http://news.yahoo.com/s/ap/20080329/ap_on_go_pr_wh/fed_overhaul
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Braveheart
Member
Oh I know what is interesting is here we are raising hell writing, faxing, signing petitions, calling everyone and now the Fed is going to check the books of banks. Bush just shuts down the Office of Thrift Supervision which means the Feds have the power to get answers to every questionable transaction yet we can't get our TSP Board to come clean so maybe this could be a turning point where there is an accountability problem that is so out of control they have to step in and get answers on their own. With this now on the front page an Audit of the TSP would be interesting who knows they are probably next. -BH
ayla
Member
I am one of the members of the group who will be restricted starting Monday at noon. Does anyone have a problem if I keep posting moves in the daily tracker as if I wasn't restricted? It would be useful to me to know what I would have lost or gained without restriction.
The only downside is if for some strange unlikely reason I do manage to start gaining and improve my standing, I might move up beyond someone who is sticking to the limits on the tracker as well as in the real world. Would that be unfair? Of course it could work the other way as well and I might fare worse if I continue posting as if I had unlimited privileges.
I have a strategy that gives me the moves based on unlimited moves and I would like to keep using that strategy even if it would only be in a fantasy trading system. And the online system is so user friendly, I would like to take advantage of it for observation (rather than keep my own records).
Any objections?
The only downside is if for some strange unlikely reason I do manage to start gaining and improve my standing, I might move up beyond someone who is sticking to the limits on the tracker as well as in the real world. Would that be unfair? Of course it could work the other way as well and I might fare worse if I continue posting as if I had unlimited privileges.
I have a strategy that gives me the moves based on unlimited moves and I would like to keep using that strategy even if it would only be in a fantasy trading system. And the online system is so user friendly, I would like to take advantage of it for observation (rather than keep my own records).
Any objections?
The Website "My Federal Retirement" has this small article;
Group of frequent TSP traders organize to oppose limits on trading
TSPShareholders.org's ([URL="http://tspshareholder.org/"]http://tspshareholder.org/[/URL])
January newsletter questions the Thift Saving Board's math on trading costs,
and states "our petition against imposing TSP Interfund Transfer limits continues
to grow. More than 2,800 federal employees, U.S. military members, and retirees
have already signed the petition to reverse the decision of the Thrift Board to
limit Interfund Transfers."
http://www.myfederalretirement.com/public/238.cfm?sd=15
JUST THOUGHT YOU'D LIKE TO KNOW
Group of frequent TSP traders organize to oppose limits on trading
TSPShareholders.org's ([URL="http://tspshareholder.org/"]http://tspshareholder.org/[/URL])
January newsletter questions the Thift Saving Board's math on trading costs,
and states "our petition against imposing TSP Interfund Transfer limits continues
to grow. More than 2,800 federal employees, U.S. military members, and retirees
have already signed the petition to reverse the decision of the Thrift Board to
limit Interfund Transfers."
http://www.myfederalretirement.com/public/238.cfm?sd=15
JUST THOUGHT YOU'D LIKE TO KNOW
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James48843
Well-known member
The Website "My Federal Retirement" has this small article;
Group of frequent TSP traders organize to oppose limits on trading
TSPShareholders.org's ([URL="http://tspshareholder.org/"]http://tspshareholder.org/[/URL])
January newsletter questions the Thift Saving Board's math on trading costs,
and states "our petition against imposing TSP Interfund Transfer limits continues
to grow. More than 2,800 federal employees, U.S. military members, and retirees
have already signed the petition to reverse the decision of the Thrift Board to
limit Interfund Transfers."
http://www.myfederalretirement.com/public/238.cfm?sd=15
JUST THOUGHT YOU'D LIKE TO KNOW
Nice find. Thanks!
Everybody, keep your eyes out for other articles. If you see one that allows blooger comments, please, by all means, post it up here so we can all go over and pitch in our 2 cents.
Megansh, welcome, I happen to be one of the 549. My restriction is
to start on April 01,2008. This has lead me to believe that today should
be my final IFT via the Web.
Gaetaone
Member
Update....
I spoke with one of Congressman Heller's assistants and sent them more information than they probably wanted. They sent a privacy form for me to sign so they can start looking into everything which I signed and sent back. At least they appear to be willing to look at everything. I know I've had to answer a few Congressional Inquiries over the years and it's not something anyone looks forward to.
John
I spoke with one of Congressman Heller's assistants and sent them more information than they probably wanted. They sent a privacy form for me to sign so they can start looking into everything which I signed and sent back. At least they appear to be willing to look at everything. I know I've had to answer a few Congressional Inquiries over the years and it's not something anyone looks forward to.
John
Questions Unanswered. I don't want to call the Thrift Line.
Can someone with experience help me answer this;
CAN IFT's BE FAXED IN NORMALLY ?
IF NO, THEN NOTHING HAS CHANGED!
IF YES, HAS THERE BEEN ANY CHANGES DUE TO RESTRICTIONS?
Thanks In Advance, I've never done this and thought someone might have
Can someone with experience help me answer this;
CAN IFT's BE FAXED IN NORMALLY ?
IF NO, THEN NOTHING HAS CHANGED!
IF YES, HAS THERE BEEN ANY CHANGES DUE TO RESTRICTIONS?
Thanks In Advance, I've never done this and thought someone might have
Braveheart
Member
Sorry I could not help myself you can still post remarks here I did yesterday - http://www.govexec.com/mailbagDetails.cfm?aid=38858
TSP officials hear from participants on interfund restrictionsBy Brittany R. Ballenstedt bballenstedt@govexec.com December 17, 2007
The Federal Retirement Thrift Investment Board should resign for waste, abuse and fraud. Sen. Clinton and Sen. Obama do something about this matter now. You pledge your support to the middle class working men and women. You pledge support of the Military well we can't hear you. There are 3.8 Million members who want action not words. Your words are hollow unless you speak up in public now to investigate and stop this. You want our votes then earn them. This is a Republican hand selected board and Sen. McCain would be more of the same. No more speeches Sen. Obama - ACTION
Union Members Support Real Action Posted March 30, 2008 5:36 PM
TSP officials hear from participants on interfund restrictionsBy Brittany R. Ballenstedt bballenstedt@govexec.com December 17, 2007
The Federal Retirement Thrift Investment Board should resign for waste, abuse and fraud. Sen. Clinton and Sen. Obama do something about this matter now. You pledge your support to the middle class working men and women. You pledge support of the Military well we can't hear you. There are 3.8 Million members who want action not words. Your words are hollow unless you speak up in public now to investigate and stop this. You want our votes then earn them. This is a Republican hand selected board and Sen. McCain would be more of the same. No more speeches Sen. Obama - ACTION
Union Members Support Real Action Posted March 30, 2008 5:36 PM
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Thanks Anidoc ! I'll let the dust settle !
Maybe I'll try one in a couple days !
I'm tracking my account on a seperate spreadsheet (unrestricted tracking)
to see how I would have faired w/o this garbage. Who knows, maybe it
will come in handy some day? (Your Honor, I'd like to present exhibit A)
Maybe I'll try one in a couple days !
I'm tracking my account on a seperate spreadsheet (unrestricted tracking)
to see how I would have faired w/o this garbage. Who knows, maybe it
will come in handy some day? (Your Honor, I'd like to present exhibit A)
Gaetaone
Member
Thanks Anidoc,
I'm locked out as of today as well. I sent them the whole enchilada and towards the end of the day I got an email back letting me know it was received and to send anything else I/we can lay our hands on.
Really thought I'd have a chance to go to safety today. Starting a day early was definitely a "Screw You" little guys move.
I'm a mental midget compared to all of you and have had a lot of ground to make up. Thanks to a few timed moves and everyones knowledge Feb 8th - Mar 31st I made up 9.82%.
John
I'm locked out as of today as well. I sent them the whole enchilada and towards the end of the day I got an email back letting me know it was received and to send anything else I/we can lay our hands on.
Really thought I'd have a chance to go to safety today. Starting a day early was definitely a "Screw You" little guys move.
I'm a mental midget compared to all of you and have had a lot of ground to make up. Thanks to a few timed moves and everyones knowledge Feb 8th - Mar 31st I made up 9.82%.
John
Here to. Someone is on power trip and they are going out of their way to antagonize their customers.
Thing is, I did not violate their stupid interim rules as communicated on tsp.gov. I had sent in a letter demonstrating their unclear communication of 3-trades flat versus unlimited trades to G for the month February - still locked out. I even called thriftline and they were confused on what the new interim rules are as well and they agreed they did not understand why I was going to be locked out. I called the board and demonstrated to the representative how unclear the rules and he just stuttered and didn't have anything to say.
I did notice the FAQ page on TSP was changed after my discussion with the board a couple of weeks ago. Tried to go back to the wayback machine to get the older copy but it was not available.
The TSP plan would benefit from some good ole fashion competition, too bad there is not some way to structure the retirement investment plan where private industry provides the service and government just provides regulation.
clester
Well-known member
My problem is that in the first letter they state "you may be restricted" to mailing in IFT's. They should have said "will be" if that's what they meant.
I went to "G" because I didn't want to take the chance of not being able to get out if there was a crash. I would have stayed in otherwise. So, it cost me at least 2% so far
(
I went to "G" because I didn't want to take the chance of not being able to get out if there was a crash. I would have stayed in otherwise. So, it cost me at least 2% so far
(
qibovin
Member
I initially read this "competence."
For those forced to use snail mail, I have a suggestion. To keep thorough
records of loses due to the imposed restrictions, I have done the following;
#1- Utilize Microsoft Excel or Works Spreadsheet to track your "would be"
moves. This record should reflect what gains/loses you would have gotten
without having to resort to Snail Mail. As of this moment, I've lost -1.36%
#2- Each time you would have made an IFT, go to the TSP site and make
the attempt anyway. Once you get the restriction notice. Go up to "File"
and "Save As". Create a folder to keep your records in and save the denial
within the folder. It will save the page as a .MHTML (including your Fund
% selections). This saved webpage will be timestamped on the specific
day and prove your intent prior to the 12 noon deadline. This should be
done everytime you would have made an unrestricted IFT.
One last thing, I've also been saving my TSPTalk Tracker pages to show
that history can and does repeat itself. In other words, my Gains/Loses
are not unique to just a few months. I have my prior years Spreadsheets
to prove my consistancy in beating the TSP Funds while un-restricted.
I may be pissing in the wind, but I will be ready to pursue Legal Action.
:worried:
records of loses due to the imposed restrictions, I have done the following;
#1- Utilize Microsoft Excel or Works Spreadsheet to track your "would be"
moves. This record should reflect what gains/loses you would have gotten
without having to resort to Snail Mail. As of this moment, I've lost -1.36%
#2- Each time you would have made an IFT, go to the TSP site and make
the attempt anyway. Once you get the restriction notice. Go up to "File"
and "Save As". Create a folder to keep your records in and save the denial
within the folder. It will save the page as a .MHTML (including your Fund
% selections). This saved webpage will be timestamped on the specific
day and prove your intent prior to the 12 noon deadline. This should be
done everytime you would have made an unrestricted IFT.
One last thing, I've also been saving my TSPTalk Tracker pages to show
that history can and does repeat itself. In other words, my Gains/Loses
are not unique to just a few months. I have my prior years Spreadsheets
to prove my consistancy in beating the TSP Funds while un-restricted.
I may be pissing in the wind, but I will be ready to pursue Legal Action.
:worried:
brian_allen_19
New member
I am current deployed and snail mail may take awhile if I were to send a letter. Besides I dont have a lot of internet time to come up with a letter BUT if anyone wants to help me write one, I would be glad to send it or better yet I can give you my return address..lol LET ME KNOW SOMETHING
Gaetaone
Member
Howdy,
I sent a letter that included a personal appeal along with borrowed facts/wording from the 23 letters. I'm fighting off a bit of a flu bug and will try to post my letter tomorrow.
I then sent them about 16 of the letters along with some links and other information.
It was a little discouraging that all letters and correspondence I sent to Congressman and Senators outside of Nevada came back saying since I wasn't a constituent they couldn't assist. Gosh, they're sitting on the committee's but can't help you.
Take care and best of luck everyone
John
I sent a letter that included a personal appeal along with borrowed facts/wording from the 23 letters. I'm fighting off a bit of a flu bug and will try to post my letter tomorrow.
I then sent them about 16 of the letters along with some links and other information.
It was a little discouraging that all letters and correspondence I sent to Congressman and Senators outside of Nevada came back saying since I wasn't a constituent they couldn't assist. Gosh, they're sitting on the committee's but can't help you.
Take care and best of luck everyone
John
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