Readers' Comments
Total Comments: 39
Page 3 of 4
Page 3 of 4
$16 Million Is Not a Low Number
Total Comments: 39
Page 3 of 4
Page 3 of 4
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| Close | Change | YTD | |
| G | $12.7116 | +0.0013 | +3.51% |
| F | $12.1775 | +0.0497 | +2.07% |
| C | $9.4002 | -0.9235 | -43.24% |
| S | $10.4051 | -1.2566 | -47.42% |
| I | $12.2414 | -0.9997 | -50.56% |
| Close | Change | YTD | |
| L 2040 | $11.1768 | -0.8749 | -38.72% |
| L 2030 | $11.4481 | -0.7783 | -34.24% |
| L 2020 | $11.8446 | -0.6618 | -28.86% |
| L 2010 | $13.2444 | -0.3625 | -14.33% |
| L Income | $12.4113 | -0.2200 | -7.86% |
December 2, 2008
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Great article
NIH
Thu Apr 24, 2008 12:56 PM
Post Reply
Thanks Ralph! I hadn't even considered the fact that swapping in and out of the G fund really is taking advantage of a rounding issue. Of course the G fund really goes up about a sixteenth of a cent per day. By switching in and out, frequent traders were certainly diluting the overall passive holdings in the G fund. Interesting that tsptalk.com made it into the Federal Register!
TSP Trading 416,000,000 etc..
DOE
Thu Apr 24, 2008 3:42 PM
Post Reply
Why does it cost the TSP 16 million Dollars to trade 1000 accounts is my question. When I trade $11.000 it cost me $7.00 and my broker makes a profit. Based on that ratio it should cost the TSP $7,000 not $16,000,000. There appears to be some government inefficiency and incompetence, as usual. Maybe the TSP should be turned over to a contractor to manage. It seems a profit motive may make the TSP more efficient. When I retired 6 months I rolled my tsp into an IRA with thousands of options and no limits on trades. I am up 4% and the S&P is down 4%. Se la vie
Robert Meyers, Retired
Monthly monitoring
USFS
Thu Apr 24, 2008 5:53 PM
Post Reply
When do these regulations go into effect?
What website can an average TSP participant go to, that will show the average daily and monthly costs for each fund for the past year?
The debate on whether these these "market timers" were truely effecting the cost of management of the International fund can go on forever but it should be easy to see in the months ahead if it is true or not or whether this is a needless restriction imposed by the TSP board.
With these new regulations we should immediately see a big reduction in costs for the buying and selling of shares between funds. If the costs were not caused by these market timers, then we should not see much change in the costs. That is the simple part.
The question is how or where do we go to find out this information or is this a "Trust Me" situation of the TSP.
Capturing Profits
Homeland Security
Fri Apr 25, 2008 7:22 AM
Post Reply
I understand what the market timers are doing. My biggest beef with "playing the market" is that there is no way to "capture" the profits when the market rises. The market goes up and up, but beware, then it goes down. These market timers are attempting to "cash out" when the market is up and capture the profits. I understand what they are doing, and can appreciate it as I would like to do it, but it is too time consuming and you never know when the market has topped out. I read a book about it, but it is too much work. Maybe someone can explain to me why "buying and holding" as the majority of us do is better - it is confusing. I enjoyed the remark above about them being "piggies" funny, but true. And isn't it funny, how these timers, are so angry when they write in to defend themselves? I wish these Federal employees would give me my tax money's worth and get to work. My goodness gracious.
Happy Weekend ya'all!
APPLAUD and APPROVE
VA
Fri Apr 25, 2008 7:39 AM
Post Reply
I both applaud and approve of the decisions reached by the managers of the TSP to limit interfund transfers. Let the deviated rectums (the politically correct way to describe someone as an asshole) who consider themselves superior "traders" pull their funds out of TSP and invest them in the market by way of opening accounts at any of the number of trading organizations who advertise low per trade transaction fees. Richard A. Babcock, MBA.
TSP trading limits
FAA
Fri Apr 25, 2008 7:47 AM
Post Reply
The only thing I found harsh about the comments was the TSP's inability to answer why they will not let members manage their own money. If they have a cost for the trade pass it along to the trader. Who ever heard of a broker that refuses to do what the customer asks?? Just another Boston Tea Party, and that is not harsh but rather the simple, unabashed truth.
$16 Million Is Not a Low Number
DOD
Fri Apr 25, 2008 8:30 AM
Post Reply
Smith is nothing but a shill for the TSP board, who are in the pockets of Barclays.
Name withheld due to past retaliation by TSP ED