Readers' Comments
Total Comments: 39
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Page 2 of 4
$16 Million Is Not a Low Number
Total Comments: 39
Page 2 of 4
Page 2 of 4
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| Close | Change | YTD | |
| G | $12.6985 | +0.0013 | +3.41% |
| F | $11.9771 | +0.0022 | +0.39% |
| C | $9.2069 | +0.5468 | -44.40% |
| S | $9.9674 | +0.5424 | -49.63% |
| I | $12.1847 | +0.7026 | -50.79% |
| Close | Change | YTD | |
| L 2040 | $10.9552 | +0.5238 | -39.94% |
| L 2030 | $11.2418 | +0.4750 | -35.43% |
| L 2020 | $11.6629 | +0.4168 | -29.95% |
| L 2010 | $13.1223 | +0.2434 | -15.12% |
| L Income | $12.3256 | +0.1516 | -8.50% |
November 23, 2008
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Wheeling and Dealing
DOD
Thu Apr 24, 2008 10:41 AM
Post Reply
The TSP is for those who are serious about retiring. It was never intended to be a get-rich-quick scheme. Those who want to play Wall St. Roulette should have the chance to do so, but this is not the place for it; they should leave TSP and open an account somewhere like E-Trade. Recent history shows us many examples of would-be big cheeses - day-traders, middle-class people trying to be real estate tycoons - who have ended up as cheese crumbs. Investing is a form of gambling, but it is one in which risks can and should be minimized as much as possible. I try to behave sensibly in regard to my retirement, and am unwilling to eat out of trahscans in my old age so that someone else can pretend to be a Las Vegas highroller.
No Comments
VA
Thu Apr 24, 2008 10:47 AM
Post Reply
I am surprised that there are no comments from those frequent traders that are costing ME money!
Re: No Comments
Dept. of Energy
Thu Apr 24, 2008 3:42 PM
So everyone just relax and back off with all of the negativity! Both sides!
Re: No Comments
DHS
Thu Apr 24, 2008 6:26 PM
One possible reason for this is that there have been a ton of inflammatory and negative comments BY frequent traders who call anybody who doesn't trade frequently a fool and other uncomplimentary things. If they insult perfect strangers they shouldn't be surprise when their insults are challenged.
Thank Goodness!
EPA
Thu Apr 24, 2008 11:43 AM
Post Reply
Hot Damn!......Great Day in the Morning!! The TSP Board has just saved me $3.97 for 2008. I think I will run out and place a deposit on a gallon of gasoline.
At What Cost?
Treasury
Thu Apr 24, 2008 11:57 AM
Post Reply
I invest in TSP for it's stated mission. I want a pooled investment that attempts to protect my investments at all costs. The day traders, as smart as they think they are, only have their own interests and could care less about me and my investments. Please do not tell me I can do the same because if I did want the same as you I would respect the other investors and transfer my funds to an appropriate investment platform. In closing, I knew someone who used his TSP account in this day trading fashion. As I understand it his widow is doing quite nicely. He dropped dead at the age of 54 after a big one day drop of a heart attack.
TSP
DoD
Thu Apr 24, 2008 12:16 PM
Post Reply
This is exactly what I've been saying all along. TSP is a retirement program, not an investment company. I don't know why the "day traders" couldn't understand that. And don't respond that the TSP money is yours to do what you want. That is not a true statement, especially when your actions were affecting MY money.
The Board & Its Cherry Picked Data Are Wrong
Leg. Branch Agency
Thu Apr 24, 2008 12:36 PM
Post Reply
I am strongly opposed to the restrictions, but I did not bother to submit a comment since it was clear that it was an empty exercise and that the Board had already determined what it was going to do. They issued a report with cherry picked data chosen to support the decision they previously made. It is the Board that misappropriates the language of the markets with foolish terms like day trading & market timing to describe an investment where you can only transfer funds five times per week.
frequent traders
cbp
Thu Apr 24, 2008 12:53 PM
Post Reply
Those traders who have the market timed and are making superior gains need to establish day trader accounts with brokerage firms that specialize in that activity. They are doing so much better than TSP fund and shouldn't settle for the paltry returns of an investment tool designed to satisfy the needs of those who aren't so market savvy. They need to play with the big boys and get out of the sand box, put their money where their talent is, TSP was not designed for that kind of aggressive investor.
Re: frequent traders
DOT
Fri Apr 25, 2008 9:05 AM
Everyone that wants no risk should put all their money in the G fund and let those wishing for bigger gains invest (as often as they want) in the stock funds (C and I). Anyone putting their money in the C and I fund is risking their retirement so they souldn't be concerned about those who get in and out frequently.
I think many TSP investors have the old crab mentality, too many are jealous of someone else's success. If a TSP investor is successfull, then all the nonsuccessfull crabs want to pull them back into the stagnant bucket.
Re: frequent traders
DOD
Fri Apr 25, 2008 10:22 AM
Their money is not trapped. They are welcome to reduce their contributions to TSP and use that money however they wish.
I am not jealous of the frequent trader's "success". If everyone did what they did then the entire system would crash. That alone would indicate that the frequent traders were skimming off the rest of the investors---NOT the investment markets.
I believe the board has responded for the better of all participants rather than the few.