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Thread: New to TSP Talk from Central California

  1. #1

    Default New to TSP Talk from Central California

    Hi. Glad to finally be here. Fed LEO since 2001. I'm at about $250K. I've got about 4yrs 10months before I walk out the front door for the last time and I'd like to make that grow as much as possible before I do. I've gotten some great coaching from a member at work and I'm praying for the same here. I've never moved my TSP in the 15 years I've been contributing. Scared I guess, but I'm hoping to get some guidance here if that's possible. Anyways, glad to be here and look forward to learning as much as I can.


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  3. #2

    Default Re: New to TSP Talk from Central California

    Welcome Mitchell! Sounds like you are doing very well. Buy and hold works as long as stocks remain near all-time highs, but the closer you get to retirement, the more you are at the mercy of the market, which we have seen, can be volatile. The 40% haircut that the S&P 500 took in 2008-2009 is manageable when we're young since there is time to recover, but it can be very difficult when we're older since we may not want to be taking as much risk.

    Timing the market is not easy. Making big bucks is not always possible. But the key as we get older is to avoid the big losses when possible and "taking shots" when opportunities present themselves, and that can only be done by playing the timing game. There are a lot of different approaches to do that and that's something you may be looking to figure out going forward.

    Good luck!
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  5. #3

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,383

    Default Re: New to TSP Talk from Central California

    Welcome to the Forums Mitchell! Looks like you are well on your way to a good retirement.
    Best of luck with your investments.
    Norman



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  7. #4

    Join Date
    Jan 2006
    Location
    Phoenix, AZ
    Posts
    3,024

    Default Re: New to TSP Talk from Central California

    Welcome Mitchell. Come on in, the waters fine....

    FS
    FogSailing
    Try to learn something about everything and everything about something.

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  9. #5

    Default Re: New to TSP Talk from Central California

    Thank you both. Been in C Fund from day 1. Someone once told me I didn't care about my retirement if I wasn't watching and moving my money/shares on a regular basis.. Another said forget about it and let it ride which is what I've done and now I realize my projected amount may not be enough to keep me from finding an alternative or secondary income after I retire.
    Which is why I am here. To learn and increase my wealth slowly and better my chances of retiring and enjoying the "golden years..lol".
    Anyways.. If it's meant to be, it'll happen. It took 15 years to accrue what I've got. I don't want to do anything foolish at this point in my career.
    Aloha!!

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  11. #6

    Default Re: New to TSP Talk from Central California

    Welcome and enjoy the site...
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

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  13. #7

    Default Re: New to TSP Talk from Central California

    Not that I'm doing much worth sharing, but how do I post my ITF's?

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  15. #8

    Join Date
    Feb 2011
    Location
    Washington
    Posts
    9,583

    Default Re: New to TSP Talk from Central California

    Quote Originally Posted by Mitchell View Post
    Not that I'm doing much worth sharing, but how do I post my ITF's?
    You can post the in the forums or use the Autotracker... Link at the top of every web page.
    Quote Originally Posted by Mitchell View Post
    Hi. Glad to finally be here. Fed LEO since 2001. I'm at about $250K. I've got about 4yrs 10months before I walk out the front door for the last time and I'd like to make that grow as much as possible before I do. I've gotten some great coaching from a member at work and I'm praying for the same here. I've never moved my TSP in the 15 years I've been contributing. Scared I guess, but I'm hoping to get some guidance here if that's possible. Anyways, glad to be here and look forward to learning as much as I can.

    Sent from my Z959 using Tapatalk
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