Readers' Comments
Total Comments: 114
Page 3 of 12
Page 3 of 12
Market Timing and Your TSP
Total Comments: 114
Page 3 of 12
Page 3 of 12
Free Email Newsletter
| Close | Change | YTD | |
| G | $13.2102 | +0.0011 | +0.69% |
| F | $13.6263 | -0.0136 | +2.19% |
| C | $13.8822 | -0.0041 | +5.03% |
| S | $18.1185 | -0.0839 | +10.07% |
| I | $18.5861 | -0.1653 | +0.26% |
| Close | Change | YTD | |
| L 2040 | $16.2757 | -0.0497 | +4.10% |
| L 2030 | $16.0266 | -0.0418 | +3.66% |
| L 2020 | $15.7897 | -0.0336 | +3.06% |
| L 2010 | $15.4792 | -0.0113 | +1.70% |
| L Income | $14.1011 | -0.0086 | +1.59% |
March 19, 2010
Search:
Custom Search
Home | About Us | FAQ's |
Site Map | Terms of Use |
Privacy Policy |
RSS 
|
Twitter 
| Mobile
© 2010 FedSmith Inc. All Rights Reserved.
Trades
NIH
Mon Nov 26, 2007 11:25 AM
Post Reply
If all of these day traders are so successful then a relatively small additional fee ($10-15/trade) to make all of these trades should not even be noticed. They will still make boat loads of money and the rest of us won't have to subsidize their trades.
I also remember similar bragging from colleagues who day traded just before the NASDAQ dropped from over 5000 to under 2000. I seem to remember hearing many stories of retirements postponed or having retirees having to go back to work after losing almost everything.
Remember the Beardstown Ladies' Investment Club? Where are they now?
TSP Traders
USDA Rural Development
Mon Nov 26, 2007 11:37 AM
Post Reply
I don't have any problem with people trading their TSP shares trying to make a profit as "day traders", I just don't want to subsidize their activities. Their trades cost me a "non-trader" money. I have a suggestion for a simple solution: The day traders could pull their investments out of the TSP and set up their own portfolios that reflect the stocks in the various TSP funds. They could then make day trades to their own delight at no cost to me.
They might complain about the costs of trading in this way, but oh well, that would be the true cost instead of me subsidizing their activities.
If this is too radical then I suggest allowing one or two trades per month free of charfge, then charging a fee for additional trades so that all costs are paid by the trader.
Sort of like ATM fees.
transaction costs of frequent TSP trading
usdoj
Mon Nov 26, 2007 11:40 AM
Post Reply
People who trade should bear the cost of same. There is no free lunch.
Set Limits on TSP Day Trading
OPM
Mon Nov 26, 2007 11:54 AM
Post Reply
I am in favor of setting some limits on the "day trading" frenzy because all members of the TSP funds are penalized for the cost these traders create. I think the individuals who find it fascinating and profiting to day trade should open a separate account for that purpose and be responsible for their own cost of operation. Every time there is a weakness in the TSP or some individuals find a way to exploit the system, there need to be regulations put in place to protect the less fortunate. The other option is to let those that want to day trade their TSP funds join a special pool where the cost can be attributed to them alone. Those of us not involve in day trading should not have to share in the cost of managing these transactions. Set the limits and set them fast.
Day Trading on TSP
FDA
Mon Nov 26, 2007 12:06 PM
Post Reply
For years I have heard both schools of thought on this argument and find day-trading on a 401k absurd. Maybe there are a FEW success stories, but overall at what cost? If you want to claim success, do NOT look at the bottom line of a 5-day or 1-year period, instead look at the life of the TSP. Readers said they “made” money, but profit is not realized until you sell. Maybe for a 1-year period you made money, but what if you slipped once or twice over the life of your TSP, those who made $5 million in 5 days may have lost $10 million over 10 days two years ago. What you are really doing is using a retirement vehicle for day trading. If you want to day trade, join E-Trade or Ameritrade and pay the commissions up front. Overall, the brilliance some readers are claiming is hurting others. It is easy in the market to play with numbers and show positive returns. To be realistic and boastful post negative returns or final returns WITH commission!? No jealousy here, just confusion and disdain.
TSP Restrictions
US Forest Service
Mon Nov 26, 2007 12:26 PM
Post Reply
Those who trade on a frequent basis are obviously opposed to restrictions. And why? They can trade at the expense of all TSP participants. TSP was set up for a specific purpose and frequent trading was not part of it. Restrictions should be in place to limit trading to what is reasonable (obviously there's the dilemma of defining "reasonable"); those who want to trade more frequently are welcome to do so...but they would have to pay for it. Why should all of us chip in for others' steak dinner if we're having a caesar salad?
Pay Raiders
VA
Mon Nov 26, 2007 12:28 PM
Post Reply
Charge extra for "day traders." I agree with one respondent who doesn't feel those who "hold" their investments for the long haul should pay for those who "gamble" (frequently trade). What I'd like to know while I sit at my desk eating my lunch and of course, reading this article, what job allows government employees that much time to trade like this? I for one work for my salary and have no time for a 2nd job as a day trader. Maybe mgmt. should watch "pay raiders" a bit more and speculate how some government employees earn their salaries if those employess have so much time analyzing, watching the stock market and trading thier TSP investment(s). Just a thought.