Thread: L fund? New guy

I can't agree more! I wish I would have started just 3 or 4 years ago...I'd have over $10k right now, easily.

Originally Posted by tmc1045

As long as we have the ability to make unlimited IFT's, you only help yourself by becoming educated on being an active (and knowledgable) manager of your funds....if only I had started when I was young.

Originally Posted by chezhoy

I can't agree more! I wish I would have started just 3 or 4 years ago...I'd have over $10k right now, easily.

Chezhoy,
I am not bragging, but learn from others around here...When I started lurking here in Jan 2006, I had been in gov't. for 3 1/2 years. In one year I more than doubled my TSP, and I am only contributing 5%. There are some very wise people here; I am but a pupil. Plus, 2006 was a good year. I think you are going to like it around here.

I remember when the TSP opened up for military. I worked Customer Service at Dover AFB MPF. We were the POCs for the forms...that must have been in 2001...6 years behind, but like I said better late than never. I am really enjoying these forums. I like what James wrote in my Newbie post. I actually just switched mine to 50/50 C/S because of the increase in the past month. I heard 2006 was a great year...2007 is okay...hopefully 2008 is better. As Jimmy Buffett once sang, "Only time will tell."

Originally Posted by Barney

Chezhoy,
I am not bragging, but learn from others around here...When I started lurking here in Jan 2006, I had been in gov't. for 3 1/2 years. In one year I more than doubled my TSP, and I am only contributing 5%. There are some very wise people here; I am but a pupil. Plus, 2006 was a good year. I think you are going to like it around here.

Originally Posted by chezhoy

I remember when the TSP opened up for military. I worked Customer Service at Dover AFB MPF. We were the POCs for the forms...that must have been in 2001...6 years behind, but like I said better late than never. I am really enjoying these forums. I like what James wrote in my Newbie post. I actually just switched mine to 50/50 C/S because of the increase in the past month. I heard 2006 was a great year...2007 is okay...hopefully 2008 is better. As Jimmy Buffett once sang, "Only time will tell."

Nice tune! I was a crew chief on RC-135's out of Offutt AFB till 91. Are you still in?

Any Buffett is good (so is Bob Marley). I am still in. I have been in just over 10 years. I am in Denver...getting ready to Palace Chase to the AGR world and going to Langley...I leave at the end of January. I get a nice promotion out of it too.

Originally Posted by Barney

Nice tune! I was a crew chief on RC-135's out of Offutt AFB till 91. Are you still in?

L- funds are starting to look better all the time

But the I-fund has outperformed all funds the last 4-5 yrs

Originally Posted by tom1tom1

L- funds are starting to look better all the time

L-Fund is taking a beating like we are. Actually, most of the L-Funds are doing worst than most of us. The G-fund is looking better all the time!

L funds are not tested for a a downturn - they have not been around for long enough. Drive carefully. I suggest the Basic Typing Lessons Funds: FFF GGG , with a little stock if you really want. But I mean a little, even Lincome is 25% stocks, which may not be the best road right now.

Originally Posted by Silverbird

L funds are not tested for a a downturn - they have not been around for long enough. Drive carefully. I suggest the Basic Typing Lessons Funds: FFF GGG , with a little stock if you really want. But I mean a little, even Lincome is 25% stocks, which may not be the best road right now.

I have been in L2010 for quite a while, and bailed to G today, first time. I am eligible to retire in August, and have had enough.

Originally Posted by tom1tom1

But the I-fund has outperformed all funds the last 4-5 yrs

Yeah but it's been beaten up pretty good this month more so than any other Fund YTD.

2040 for a newbie is the way to go. I should have probably put my money in that when they came out...the rebalancing throughout the year actually adds some extra % that you normally would not have in a target fund. That's an added bonus. Plus it's just a cruise control fund....adjusts and rebalances itself.