Best Two-Month Start for Stocks in Decades
Based on the two leading indices for stocks, the stock market ended in February with its best two-month start for a year in three decades.
The C fund is up 11.48% so far this year. The S fund is up 17.20% for the year-to-date. The S fund has never had a return in February that equaled or exceeded 4.98%. (The S fund started in 2000.)
The S fund also had the highest rate of return in February (4.98%) and it also has the highest 12-month return (6.96%).
Monthly and 12 Month TSP Returns
|G Fund||F Fund||C Fund||S Fund||I Fund|
|L Income||L 2020||L 2030||L 2040||L 2050|
January hardship withdrawals went up 25%. This is probably due to the partial government shutdown. Requests for new loans were stable though.
CSRS participants have the highest average balance in the TSP ($146,642) but only 314,193 employees compared to 3,396,291 FERS employees in the TSP.
Here are the breakouts:
|Total Participants||Average Balance||# of Roth Participants||Average Roth Balance|
January was a great month for the stock market.
TSP participants withdrew $924 million from the G fund in January. They also withdrew $67 million from the F fund and $26 million from the I fund.
On the positive side, TSP investors transferred $289 million into the C fund; $557 million into the S fund; and $171 million into the L funds.
2019 is off to a great start for TSP investors. It is very unlikely this rapid rate of growth will continue. No one can predict with certainty what the short-term results will be in the stock market. But, with the significant year-to-date returns, it is possible a correction could occur at any time. Hang on to your hats—we may be in for a volatile year in stocks!