Readers' Comments
Total Comments: 39
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$16 Million Is Not a Low Number
Total Comments: 39
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| Close | Change | YTD | |
| G | $12.6407 | +0.0013 | +2.94% |
| F | $12.1372 | -0.0503 | +1.74% |
| C | $11.4287 | -0.6930 | -30.99% |
| S | $13.6726 | -0.8353 | -30.91% |
| I | $15.5558 | -0.5904 | -37.17% |
| Close | Change | YTD | |
| L 2040 | $13.2999 | -0.5876 | -27.08% |
| L 2030 | $13.2719 | -0.5131 | -23.77% |
| L 2020 | $13.3354 | -0.4274 | -19.91% |
| L 2010 | $13.9552 | -0.2255 | -9.73% |
| L Income | $12.8027 | -0.1371 | -4.95% |
October 8, 2008
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$$$ of Freqent Trades
USAF
Thu Apr 24, 2008 9:18 AM
Post Reply
I say that we go after the frequent traders who have abused the system and recover the costs which the normal investors have lthus borne and lost. If the frequent traders want to trade frequently have the TSP Board set up a special program for them separate from the normal TSP funds and let them sign up to be self supporting. Then lets see how well they do.
TSP TRADING
FAA
Thu Apr 24, 2008 9:26 AM
Post Reply
If the TSP board is so concerned about frequent traders, why did they create the L funds which must continually be balanced to keep the fund percentages as specified. It seems that the TSP boards own practices are causing a lot of unnecessary costs to everyone that does not choose to invest in the L funds. The board is trying to force TSP investors into the L funds to make them look successfull.
Everyone in FERS has been told how FERS is supposed to be superior to the old CSR system, and it probably would have been for those investing in TSP had the stock market maintained any type of stability over the last 10 years. But the truth is the market perfomed very poorly over the last 10 years and many employees lost much of their TSP balances between 2000 and 2002. For some employees, their TSP balances are just now recovering from the losses of the early 2000s. Now, the TSP board wants to limit TSP investores the ability to make gains before they retire.
Shame on the TSP board!
Re: TSP TRADING
GSA
Fri Apr 25, 2008 9:20 AM
while the average daily dollar amount attributable to those making frequent IFTs (defined in this instance as participants who made IFTs into or out of the I Fund eight or more times in the prior 60 days) was
63 percent." The frequent IFT cost was *nine times* that of the L rebalancing for the September October period.
Re: TSP TRADING
NAVY
Sun Apr 27, 2008 1:14 PM
Your comment was as follows:
"If the TSP board is so concerned about frequent traders, why did they create the L funds which must continually be balanced to keep the fund percentages as specified."
Well I can tell you that it was created for people that don't want to spend the time evaluating the market for one and readjusting their allocations as they get older. There is a fair amt of TSP participants that don't want to get into the details of investing and would prefer a simple formula based on where you are in your career..etc. That is the purpose of the L funds. They will perform better than the C fund over time. What I mean by that is picking a 2030 or 2040 if you are a younger employee...because we are in a global economy where companies outside the US are growing much faster than here in the US and other economies around the world are outperforming the US. If you think about it over the last 10 yrs the C fund has only made like 5% or so - its horrible
Frequent Trading
DOL
Thu Apr 24, 2008 9:32 AM
Post Reply
Those extraordinarily astute individuals who are able to repeatedly successfully time the market are still free to exercise these abilities with other investment vehicles (and there are many) outside of the TSP and I wish them luck. However, I wish to continue my plodding, but statistically much more likely of success, route to a financially independent retirement. The key to my plan, and apparently the plan of a vast majority of TSP shareholers, is to buy and hold low-cost funds of which the TSP is the best. Anything, like frequent trading or G fund payday trading, that interferes with this plan is antithetical to sound investment practices and is rightfully curtailed by the fund managers.
Frequent traders
DOD
Thu Apr 24, 2008 9:38 AM
Post Reply
If these people who think they are superior to the TSP people running our 401K funds than let them move their money out and trade it the way they want. It will not affect the rest of us and if they are as good as they think they are than they will do well. But I can almost say without a doubt that they will not do as well. Just look at how many so called professionals don't make it.
If they are that good than they're in the wrong business and should be on Wall St.
TSP Administrators do right thing
Rural Development
Thu Apr 24, 2008 10:06 AM
Post Reply
I support and commend the actions of the TSP. I thank you for protecting my assests to the greatest extent possible.
Piggies
Federal Government
Thu Apr 24, 2008 10:32 AM
Post Reply
It's not surprising that the kinds of piggies who sought to enrich themselves in the TSP at the expense of their fellow TSP participants are squealing and name calling now that the Board has pulled their snouts out of the trough. Once a piggie, always a piggie.
Re: Piggies
DOD
Thu Apr 24, 2008 5:33 PM
Re: Piggies
Federal Govt
Thu Jun 19, 2008 10:53 PM
The new trading rule didn't affect me at all. One trade per month is all I've ever needed to beat the market by a factor of 3X the C fund gains.
Here in the US, hard work still pays off like it should; in spite of the uncleanness of the wicked, the sluggard, the fool, and the scorner.
Read Prov. 1:1 through Prov. 31:31 for details about how to become wise.
Read Matt. 25:14 - 30 to see what a difference it makes.
Lastly, ignore articles that only distort the facts, confuse you, and scorn wise men/women. It's a horrible waste of your time. Do something profitable!
Re: Piggies
DOD
Fri Jun 20, 2008 9:51 AM
One key point is that you were able to meet your goals with ONE trade per MONTH. People moving money in and out of funds several times a week or even daily were screwing up the numbers for everyone else. You are anecdotal evidence for the arguements for trade limits not affecting ability to balance investments.
Re: Piggies
Federal Govt
Fri Jun 20, 2008 5:00 PM
Thank you for your comment. I've read all sorts of silly, distorted comments on this web-site. Personally, I do not believe in directing personal anger toward innocent people. If one remains in an investment vehicle which is depreciating in value, then they are 100% responsible for their financial losses - pure and simple. I might also think that they are oafs, but I would certainly keep that thought to myself. Jealousy is a vice; a personal character flaw. It is not something that should be condoned - let alone encouraged. I'm not sure what else should be said. Wisdom and instruction posted on this web-site is despised.
Trying to beat the market
Forest Service
Thu Apr 24, 2008 10:37 AM
Post Reply
It's understandable that investors would be looking for ways to improve their returns. Especially with the market taking a beating the way it has the last few months. However, if their frequent trading is costing me money, I would call their actions thoughtless and selfish. If these individuals want to play the market in an attempt to increase their earnings. let them play on E-trade or one of the other vehicles that are available. Let them pay for their own trades.