Readers' Comments
Total Comments: 40
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Looking Out for Your Best Interests? Congress, Tobacco and Changes to the TSP
Total Comments: 40
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November 21, 2009
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Scaremongering?
my agency
Fri Apr 3, 2009 9:09 AM
Post Reply
The provision cited above talks about a "self-directed investment window". Last time I checked, that meant the option would remain with individual investors. So if you don't want an actively managed portfolio, don't choose it.
In other words, this is only going to effect those people who choose to be effected by it (or who don't make a choice - the article doesn't say what the default enrollment investment option is)
Re: Scaremongering?
DoD Agency
Fri Apr 3, 2009 9:14 AM
I don't trust Congress when it comes to making changes to the TSP. From setting up "socially responsible investments" (which may be politically correct but not good investments) to looking out for the interests of minority investment firms (not necessarily your financial interests), I usually assume that the political interests of Congress and those that have contributed huge sums have more priority than making sound investments in my retirement future.
This article seems balanced. "You may think some of the changes are potentially harmful to your retirement investments. Regardless of your view, this change may be worth your attention because of its potential long-term impact on the TSP and how it may impact your retirement savings."
that is good advice. If it is "scaremongering" we must have some very frightened people who don't like to read an entire article or just want to complain about a free site that seems to provide us with good information on a timely basis that we often do not find elsewhere.
Or, perhaps, some just want to complain publicly because it makes them feel good about themselves.
I hope the site will continue to provide this type of information. Please ignore the complainers who obviously have nothing better to do.
Actively Mismanaged
Air Force
Fri Apr 3, 2009 9:10 AM
Post Reply
First, the majority of "actively managed" funds do not out perform the market over time. That's because the active managers haven't proven to be better than a dice roll (even a lottery has a winner).
Second, giving the goal of biased investment in women- and minority-owned companies sounds like a path to corruption (or at least loss). What makes these companies a better investment for TSP subscribers? Aren't WE the TSP customer?
Index funds remain the cheapest way to invest and are appropriate for the TSP. Let's leave the social and corporate welfare funds to for-profit companies.
Re: Actively Mismanaged
DOE, Albuquerque
Mon Apr 6, 2009 9:37 AM
Re: Actively Mismanaged
dod USA
Mon Apr 6, 2009 7:50 PM
Wrong.
I can think of three actively managed funds just today that have outperformed the market for the duration of their existence. Most funds can't match the market but to tell us none do is incorrect.
Article Vague
AMCOM G-2
Fri Apr 3, 2009 9:16 AM
Post Reply
Does this mean that civil service employees will be given the option of investing with women and minority companies or staying with the funds that they like???
tsp changes-minority
Department of Energy
Fri Apr 3, 2009 9:25 AM
Post Reply
Changing the TSP investment strategy under the guise of being fair to minorities is an open invitation for political favors and corruption--Illinois style! Keep your greedy little hands off the TSP! If it ain't broke, don't fix it!
Re: tsp changes-minority
BLM
Mon Apr 6, 2009 10:40 AM
TSP changes hidden in an unrelated bill
USPS
Fri Apr 3, 2009 9:25 AM
Post Reply
Shouldn't the TSP be investing in companies that are actually making money instead of companies that it deems politically correct? What is going on there? Good thing I don't have much invested. No wonder returns are never quite as high as private investments......
TSP changes
ACF
Fri Apr 3, 2009 9:40 AM
Post Reply
Sadly, Congressman Davis is my congressman and I wish he would keep his nose out of the TSP. The TSP was constructed to provide federal employees with a low cost means of saving for retirement and to keep politics out. I shudder whenever politicians want to engage in social causes with our money. I've invested with minority owned firms, for example Ariel Capital. That's my choice. But, my reason for investing with them was that I believed they would provide a good return, not just that they are a minority firm. When you start playing the social engineering game you open the doors to hacks and profiteers. Also, I would add that increasing the number of fund choices doesn't necessarily make a better TSP. Passive index funds are the best route. The only change I would make is to offer a Roth TSP.
LEAVE IT ALONE
DOD
Fri Apr 3, 2009 9:42 AM
Post Reply
Congressman Davis leave our TSP plan alone. I wouldn't trust you as far as I can throw you.