Readers' Comments
Total Comments: 114
Page 2 of 12
Page 2 of 12
Market Timing and Your TSP
Total Comments: 114
Page 2 of 12
Page 2 of 12
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| F | $13.6201 | -0.0062 | +2.14% |
| C | $13.8116 | -0.0706 | +4.49% |
| S | $17.9282 | -0.1903 | +8.91% |
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| Close | Change | YTD | |
| L 2040 | $16.1968 | -0.0789 | +3.59% |
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| L 2010 | $15.4595 | -0.0197 | +1.57% |
| L Income | $14.0856 | -0.0155 | +1.48% |
March 21, 2010
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Freedom and Responsibility within the TSP
DOJ
Mon Nov 26, 2007 10:38 AM
Post Reply
A LOT of people have opinions concerning investing! Peoples opinions are not paramount to MY TSP Account, because it is MY TSP Account.
A Basic concept of the TSP is the Freedom for "Participant Involvement." The TSP is not a defined benefit plan. It was created knowing there had to be Participant Involvement. Mr. Smith says "keeping the TSP true to its original intent" will likely save federal employees a great deal of their retirement money. Well, who is responsible in this type of program? Is it the Government or is it the individual?
One point I would attempt to make here is that the individuals actively participating in their retirement program may well be the ones most informed and comfortable with their actions. Yes, the TSP goes a long way to "protect us from ourselves." But the Gov't did not assume total responsibility in this program. The Gov't indicated we had freedom to fully participate.
So, please be cautious indicting those participating most.
Timing the markets
FAA
Mon Nov 26, 2007 10:41 AM
Post Reply
If people want to make frequent trades and think they can make money that way, then congratualations but let them find a new career in hedge fund trading. I work for the Fedral Government, don't have the time nor the inclination to trade my TSP funds on a daily basis, and would rather see steady, gradual returns increase my TSP balance over the long haul. And I believe in keeping those TSP expenses very low, since this is a key factor in saving our money for all of us!
TSP transactions
DoD
Mon Nov 26, 2007 10:53 AM
Post Reply
If folks want to transact daily, there are plenty of avenues to do that other than the TSP. I agree with the limitations on transactions. If you can't stay the course with one or two transactions a month, you're in the wrong vehicle.
Frequent Trading of TSP shares
DOI - Bureau of Reclamation
Mon Nov 26, 2007 11:02 AM
Post Reply
Both extreme points of view have their merit, as well as ones in between.
Since those who wish to buy and hold will possibly earn less in the long run (likely debatable), the "buyers and holders" should not be penalized buy the added costs of those who wish to trade more frequently (market timers, etc.) However, the "frequent trading" crowd (some more frequent than others) should not have their capacity minimized for doing what they believe is right for their retirement future.
A compromise (exact specifications to be worked out by the powers that be) could have a certain number of annual trades allowed for each partcipant with little or no cost charged to the individual account (say somewhere between (12 and 24). For more frequent traders, a cost tacked on as a % of the real-time value of an individual trade would be charge to the individual trader's account on an escalating scale (# of trades/year) upwards (i.e., 35 - 36, 37 - 48, etc.)
Possibly, the best of both worlds !
Re: Frequent Trading of TSP shares
USAG
Tue Nov 27, 2007 10:52 AM
Frequent Trading
USDA
Mon Nov 26, 2007 11:07 AM
Post Reply
Folks (experts) that want to trade frequently should/can do so using stocks, not the TSP.
Frequent Trades in the TSP
USA
Mon Nov 26, 2007 11:10 AM
Post Reply
I'm glad people are making money buy trading so they can pay for their trades with some of their profits and not have me pay for their trades with mine.
Day trading
Treasury
Mon Nov 26, 2007 11:12 AM
Post Reply
The TSP was set up for long term investing purposes as part of FERS employee's retirement package. In fact, all mutual fund companies have restrictions on day traders because their trades force the funds to buy & sell securities and generate fees for all of us vs just those who trade. Thus, either the TSP needs to restrict trading (to protect the many from the fees generated by the few) or they must force the day traders to pay all fees they generate. I suspect that if the few day traders had to incur the costs of their trades, that alone would deter their trades. Why should the many pay the fees of the few?