Readers' Comments
Total Comments: 51
Page 2 of 5
Page 2 of 5
TSP Answers Frequent Questions About Trading Restrictions
Total Comments: 51
Page 2 of 5
Page 2 of 5
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| Close | Change | YTD | |
| G | $13.2022 | +0.0012 | +0.63% |
| F | $13.5899 | +0.0037 | +1.91% |
| C | $13.6954 | +0.0597 | +3.61% |
| S | $17.9490 | +0.0599 | +9.04% |
| I | $18.4015 | +0.0123 | -0.73% |
| Close | Change | YTD | |
| L 2040 | $16.1183 | +0.0405 | +3.09% |
| L 2030 | $15.8887 | +0.0354 | +2.77% |
| L 2020 | $15.6748 | +0.0291 | +2.31% |
| L 2010 | $15.4271 | +0.0128 | +1.36% |
| L Income | $14.0583 | +0.0103 | +1.28% |
March 12, 2010
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confusing rules
ICE
Mon Dec 3, 2007 9:37 AM
Post Reply
Will someone help me understand this . . . the second paragraph says transfer to the G Fund will count as one of the restricted trades p/mth, but the first paragraph says that if for example, you make two transfers p/mth into any fund except the G Fund, if the third trade moves funds into the G Fund, it doesn't count as a restricted trade??????
Participants can make two (2) interfund transfers per calendar month. After that, they may only move money from the Fixed Income Index Investment (F) Fund, the Common Stock Index Investment (C) Fund, the Small Capitalization Stock Index Investment (S) Fund, the International Stock Index Investment (I) Fund, and the L Funds to the G Fund.
If your first or second interfund transfer in a month moves money only to the G Fund, it still counts toward your two (2) interfund transfers per month limit.
Restrictions on Frequent Traders
DOI
Mon Dec 3, 2007 9:42 AM
Post Reply
I welcome the new restrictions. People who were doing the frequent trading in the TSP were taking advantage of all the rest of us who are invested for the long haul. They were getting away with "free trades" that were passed on as expenses to all of us. People who want to time the market should do so via the regular firms who charge per transaction for this service. There are no free rides.
New Frequent Trader
FDA
Mon Dec 3, 2007 9:48 AM
Post Reply
You know, that is it! I have been posting over the past few articles about how the few numbers of day traders have hurt everyone's account. What we should all do is trade frequently. If it is so good for so few, why shouldn't everyone do it? Why don't the frequent traders tell all of their fellow government co-workers their secrets? Obviously it shouldn't hurt anyone. They should tell all, or do the “day traders” have something against their government family from prospering the way they are?
From here on (until April) I to will now trade frequently. From here on out I will be part of the problem. But hey, I will be getting myself richer, so why should I care!? Down with trade restrictions-I want my piece of the action too! Remember, the rich get richer, and the poor get poorer. It is a problem of the poor if you ask me! Here’s to the TSP-savvy rich!
Re: New Frequent Trader
DOJ
Wed Dec 5, 2007 9:37 AM
Not for the meek or mild. Without significant financial wisdom, you will be toast.....
TSP fees
Department of Labor
Mon Dec 3, 2007 9:53 AM
Post Reply
In considering the desirability of permitting rebalancing of TSP accounts versus limiting the number of trades in a month it seems to me that the problem is really the costs incurred by those that trade excessively. The problem could apparently be addressed fairly by permitting a number of free trades per month and charging a fee for additional trades. For example, if an individual had 5 trades in a month, 2 could be free and a fee could be charged for the additional trades. If the objective of the fees is to limit the number of trades but not to eliminate the possibility of a trade, the size of the fee could vary according to the number of trades that had preceeded the current trade. In this scenario, the 3d trade could cost $10, the 4th $15, the 5th $20, the 6th $25, etc. A more fair fee structure would be based on the size of the trade. In this scenario, the first two trades would be free, the 3rd would cost 2 per cent, the 4th 4 per cent, etc.
TSP limitations
FAA
Mon Dec 3, 2007 9:55 AM
Post Reply
While I am in agreement that the TSP is a long-term investment, it is our right as participants to the determine how that investment is distributed. As the market fluctuates we should be able to take advantage of those funds that will provide us the best return on our investment, without penalty. Afterall, is that not the purpose of the TSP togive us the best opportunity for retirement funding?
Okay, so maybe a few thousand are taking advantage of these opportunities more so than others are...they are being penalized for trying to maximize their portfolio using the whatever information they may have.
The G fund is not a way to incur growth. It is only a safe-haven. In order to maximize our retirement income we need to have the opportunity move our monies to whichever funds provide us the best return, if only for a day or two.
Re: TSP limitations
Army
Mon Dec 3, 2007 10:17 AM
Re: TSP limitations
FDA
Wed Dec 5, 2007 9:25 AM
TSP statement
VA Medical Center, Albany, NY
Mon Dec 3, 2007 10:34 AM
Post Reply
Thank you! Thank you!Thank you! From a very grateful, future retiree who is investing for the long haul, not the short term. Your plan makes good business sense. I also invest other retirement funds through Fidelity and Vanguard and I am very happy to hear that you are following other, well established, well managed funds. I want the most for my monies invested and do not want to support those very few individuals who think they can outsmart the best in the business.
Another Example of the Lack of Board Leadership
Independent Federal Agency
Mon Dec 3, 2007 10:37 AM
Post Reply
Limiting a person’s ability to direct his or her funds is asinine. Restrictions on 100% of participants because of the actions of 1% equates to inept or lazy board members that can’t or won’t brainstorm utilitarian solutions; it’s easier to limit everyone than devise a system that rewards those who limit trading while asserting added fees on those that trade incessantly. According to Ralph Smith’s “Day Traders Taking Bite From TSP Returns,” the fees have increased 204.55% in 2005 & 123.88% in 2006. This was caused by 1% of the TSP participants? That is hard to believe, but if so, should one punish the majority for the day-trading antics of a few. Let’s first review the fees & their increase since TSP inception, as well as the related correspondence from and to the fund managers. I’d be more confident if the Thrift Board provided more readily available information on their grand and superior guidance that led to this weak solution.