Re: What are the costs for trading the L Funds?

I just can't believe all this bull...they say something and everyone just takes their word for it.

If they said "everyone should trade", eveyone would have said let's do it without questioning. Why? Because they said so.

Wake up people, stop being so guilable. Look at the numbers, analyze them, see if they make sense then react.

They say 3,000 people make such an impact on cost? Hard, very hard to believe. I am sorry, I am just a numbers guy, and don't buy it.

Did anybody look at the L funds and how their daily balancing (which is technically the same thing as daily trading) affects the overall cost?

I have a feeling that is the REAL cost issue, not the 3,000 doing probably less transactions than somone in the the L funds. They just do it on their own, not on a daily basis as the L - funds...

I read strong words. Shame on you all, shame for letting others think for yourself.

It is a matter of principle. We have grown so accustomed to giving up our rights.

Re: TSP trading

I would like to see the L Fund fees as well since that is the new funds they are pimping and trying to force on everyone. There is some weird stuff going on with TSP lately and I don't think we are getting the whole story. They are trying to force people to contribute and automatically enroll them in the L Fund.

Re: day trading, fund balancing

I think the answer to your question is in the article on which you are commenting where it says "Expenses for this fund came to $13.8 million out of the total costs of $15 million. Trading I fund shares has become more frequent. In September and October, the average I fund daily trading totaled $224 million. That compares to an average of $49 million in daily I fund trades in 2006. According to the TSP study, most of these costs came from frequent traders. In other words, TSP participants who bought or sold shares in the I fund completed a "round trip" of trades within 60 days.:

It sounds like there are about 3000 day traders responsible for most of the trading expenses that the rest of us are paying for in the form of lower rates of return.

Re: Day Traders

Let's leave the political parties out of TSP. All of the changes that created the new funds and permitted unlimited trading came into effect under Republican presidents. These are the same folks who want to do away with the protections of Social Security in favor of more "investments" in the stock market.

P.S. The last balanced budget was with a Democrat in office. Since then, Republicans were so anxious to line their own pockets, they created "for the rich only" tax breaks that stole the future financial srcurity from our children and grandchildren. If they manage to steal yet another election, they are going to bankrupt our great country.

Re: Day Traders

HR Specialist, first you say leave political parties out of this discussion, then you turn right around and bash one of the very political parties you tell us to leave out of this discussion!

You need to take your own advice and stop contradicting yourself.

Re: Day Traders

I know facts are seldom considered by those who pull the lever under the donkey’s tail, but let's mention a some just to clear a couple points. It is the Legislative branch of the government (Congress) that establishes budgets, not the Executive branch. The last balanced budget was during a Republican Congress. As far as “stealing elections”, you should read the Constitution to dispel some myths regarding the process. However, if you want to see actual stealing of elections on a wholesale basis you should study the history of Chicago and Mayor Daley.