Thread: NSurf9 Account Talk

Even the longest journey begins with the first step.

Perhaps a little too much "poor earnings estimates" are baked in, supporting this afternoon's across-the-board rally. I-fund is showing signs of some stochastic spring, compared to S and C, but not much, and the TSP hold-back (est ~.5%) hampers quick in/out of the fund.

But, I'll probably stay in the I fund through this afternoon (maybe some euro/asia pop tomorrow) to see what how jucy, or krispy, things comes out of the 4pm oven.

An up-to-the moment read of market moves/influence (or not).

Decent Earnings Reports Support Higher Open

Investors are gearing up for a week full of economic and corporate data. Europe will once again be difficult for even U.S. investors to ignore.

Today Sunday Israel announced, "In principle, we are ready to act. "That does not mean that I will now order (air force chief) Ido (Nehushtan) to strike Iran,"

Italy, and especially Spain, continue to look threatning; EU ECB investors saying more than 1T Euros not enough.

US Personal Consumption Mon 8:30am; US ISM Mfg Tues (April) at 10am; ADP Employment and Factory Orders on Wed. Ben the Bernake speaks Wed, after two day Fed conference (he'll say nothing - Fri is the initial estimate on GDP - if lower than 2.6% - look for a "ya'll know I've got an itchy QE finger" statment. Lots of earnings report during the week (current tally is 80% (avg ~60) beating padded-low estimates). Friday, Japan central bank decision to ease monitary policy to push down the value of the yen (I fund factor?); and, US payroll and US Employment rate (April).


Stocks: Earnings, economy and Europe back in focus
By Maureen Farrell@CNNMoneyMarkets April 22, 2012: 10:19 AM ET
Stocks: Earnings, economy and Europe back in focus - Apr. 22, 2012

Glad I'm stuck here on this lovely lilly-pad. Oh, fresh out of IFTs, then could you just pass me another fly, please.

hey,
Im curious how the meeting with the attorneys went?
Thanks for all you do.

Is this being discussed somewhere else on the forum perhaps?

Originally Posted by CrabClaw

hey,
Im curious how the meeting with the attorneys went?
Thanks for all you do.

Originally Posted by DakotaKid

Is this being discussed somewhere else on the forum perhaps?

Yes

http://www.tsptalk.com/mb/tsp-news/1...ost359418.html

Originally Posted by RealMoneyIssues

Yes

http://www.tsptalk.com/mb/tsp-news/1...ost359418.html

Look in the TSP News section of the forum - see the My money, our TSP, and the 2008 IFT rule for more on this topic.

You are invited to share your thoughts and insite for all our benefit - that will keep the "My money, our TSP" thread in view on the update list.

If you still really want a 4pm transfer deadline; unrestricted transfers; and, the ability to effectively and proactively manage your retirement investment – I believe it is still possible - even against a very high hurdle presented by TSP rulemaking authority. To get Josh Rose, Esq. to thoroughly examine the law and write a lawyerly type “memorandum of law” on the matter, at 65 commitments, $2500 comes down to about $38.46 each.

My impression from the appointment with Josh Rose and my reading of the pertinent law is that once ETAC consented to the rule change as our representative council, and the 2008 IFT restriction rule was published for the requisite period of time in the Federal Registry, TSP’s legislative rulemaking authority became very strong – and it will likely stand.

Nonetheless, it appears that the soft spot to the 2008 rulemaking restriction isn’t a spot at all, but a window. A window thru TSP to invest your individual funds in a tax deferred retirement vehicle, apart from TSP. Best of all - Congress has already suggested the mutual fund window as an alternative thru the TSP investment structure; and further, even codified it in Title 5 of the United States Code. The catch is that the Code section requires approval of the TSP Board. What a terrific wrinkle for 4-5 thousand unhappy TSP members. The trick here seems not to break down the door with a rule challenge, but slide-open a window that Congress, in its collective wisdom, has already so gracious provided.


For those of us still stuck on the lovely G fund lilly pad, the link below is a good read. Be wary using your prescious IFT - or your may want to use them today 5/1.

Weekly Trade: Look At The Dollar For Direction In The S&P 500 Index (NYSEARCA:UUP, NYSEARCA:UDN, NYSEARCA:SPY, NYSEARCA:SDS, INDEXSP:.INX) | ETF DAILY NEWS

You gotta read my last post in "My money, our TSP ..." thread - its going to floor you!

You got to understand this - we are already way-more than half-way there in accomplishing all our goals - unlimited, low cost IFTs; no 12 noon, Eastern Standard deadline. No arduous, costly, years-long, law suit in the U.S. District Court with only questionable likelihood of success. And as icing on a cake - even significantly more investment options.

And lastly, removing all remaining doubts of the TSP rulemaking nay-Sayers - it would not dilute any fund of the TSP or generate any additional cost for any other TSP participant.

- - and we don't even know it!

Let me know if anybody is reading this !!!

I'm reading this. Congress let them do this over 3 years ago and they still have not decided to implement it. Do you think they ever will?

How about a big "Like" if you read and like this.

Yes, the last vote was even at the TSP Board (one member was absent); and, at the representative level (some union and representatives disented). Their disent problem was that were afraid that TSP participants generate excessive costs (and, probably encounter excessive restrictions) in a mutual fund window.

A limited self-directed IRS investing in EFTs, (basically the same as the TSP funds of which all federal employees should be familiary) would remove a lot risk associated with investing in an individual stock.

Congress, in its collective wisdom, incorporated the window thru TSP option in the passage of the act. Yes, although the 1986 Fed Retirement Act, Tile 5 and the CFR names the tax deferred retirement vehicle call a mutual fund as the method, under TSPs negotiated rulemaking authority (the Act also requires TSP authorization), a limited, self-directed IRA would do the same thing and permit a many more options to TSP and participants, with few fund inherit prohibitions, restrictions or high cost.

Gregory Long, TSP Executive Director (effectively our TSP plan head manager); and Clifford Dailing, Chairperson of ETAC (our head TSP representative voice) - in effect, the main players of TSP have already stated they are in favor of federal employees' having a window thru the TSP structure as an alternative to the TSP main fund.