Thread: It's the door with the red EXIT sign above it.

Originally Posted by 99percent

Your choice.

Made my "Exit" today.

Tired, tired and double tired of the market making no sense, with no sense of direction and not one chart helping to give anyone a clue as to where we are going. Not one person saw "China" coming into today.

I'm too close to retirement to lose, lose and lose for weeks on end only to see a 1.5% - 2% "bounce" and then the decent starts again.

Buh bye!

Frank

The FRTIB really does not have our best interest in mind by limiting us to only 2 IFT's per month. They don't care that we could loose a nice chunk of our TSP when the market gets a little volatile, like now because we are limited to 2. They just want to save on transaction fees, not insuring that your TSP is on sound footing. They don't care!!!!
Just think if we had 3 IFT's every month. You could get in, get out and get in again. Or any number of scenarios because of 3 IFT's. Remember the FRTIB is not your BFF.
I'm going to ride this down a little father and hope we start to ride back up.

I totally concur with that remark Nasa. 3 IFT's would improve out ability to manage our money in the market. Hope you got a boost up today. Things were looking good an hour ago.

FS

Originally Posted by nasa1974

The FRTIB really does not have our best interest in mind by limiting us to only 2 IFT's per month. They don't care that we could loose a nice chunk of our TSP when the market gets a little volatile, like now because we are limited to 2. They just want to save on transaction fees, not insuring that your TSP is on sound footing. They don't care!!!!
Just think if we had 3 IFT's every month. You could get in, get out and get in again. Or any number of scenarios because of 3 IFT's. Remember the FRTIB is not your BFF.
I'm going to ride this down a little father and hope we start to ride back up.

BTW Nasa: Based on this thread (and previous forum discussion on this issue), I have emailed NARFE with a request that they support FEDS by increasing the number of IFT's to 3 per month. This is a management issue, not a legislative issue and is achievable; especially if the employee associations supported it. I think it's an objective worth chasing. It would benefit all Feds in TSP. I'll post something as soon as I hear anything back from them.

FS

Originally Posted by Lakebound

Made my "Exit" today.


Frank

Frank, was your exit effective yesterday? Or today? I noticed you wrote your comment last night.

Originally Posted by Maricar19

Frank, was your exit effective yesterday? Or today? I noticed you wrote your comment last night.

Today. I got burned real, real bad. Adding to my complete distaste for all things TSP right now.

Lost money for weeks and missed out completely on today's bounce. Very pissed off right now.

Frank

Sent from my XT1080 using Tapatalk

Hang in there. It happens to all of us but there are good days ahead too.

Originally Posted by nasa1974

The FRTIB really does not have our best interest in mind by limiting us to only 2 IFT's per month. They don't care that we could loose a nice chunk of our TSP when the market gets a little volatile, like now because we are limited to 2. They just want to save on transaction fees, not insuring that your TSP is on sound footing. They don't care!!!!
Just think if we had 3 IFT's every month. You could get in, get out and get in again. Or any number of scenarios because of 3 IFT's. Remember the FRTIB is not your BFF.
I'm going to ride this down a little father and hope we start to ride back up.

You're right but it went farther than that they lied to us.

Remember they are not you Friend!

If you want a friend get a dog.

Originally Posted by pmaloney

Hang in there. It happens to all of us but there are good days ahead too.

Agreed.

My problem is me. I lose focus of what I am supposed to be doing here with 9 months left to go in retirement. I've already reached my goal of 5.5% rate of return on my account. I could have and should have stopped long ago but failed to.

Looking forward to another buy in day in the Fall perhaps where I can earn a half a point, get out and call it good for another month. That has to be my strategy now with so much to lose at risk.

Frank

Originally Posted by Lakebound

Agreed.

My problem is me. I lose focus of what I am supposed to be doing here with 9 months left to go in retirement. I've already reached my goal of 5.5% rate of return on my account. I could have and should have stopped long ago but failed to.

Looking forward to another buy in day in the Fall perhaps where I can earn a half a point, get out and call it good for another month. That has to be my strategy now with so much to lose at risk.

Frank

Frank, don't be too hard on yourself. Nothing wrong in trying to edge up a little.
However, enter August with caution..
August 2014 was kind to us (+4%), August 2013 was mean(-4%), August 2012 was kind (+4), August 2011 was a mean month(-7%).

2014	+4%
2013	-4%
2012	+4%
2011	-7%