Thread: Wiff007's Account Talk

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Hi Whiff,

If you are talking about an IFT it takes effect on COB at the prices at COB, IF and only if, you submit request by noon that day. If you make IFT after 12pm, it will not take effect until the following Federal busines day at COB that following day. The bright side is that on the following day in the morning if you change your mind you can cancel it before noon.

So if you made an IFT today by noon, you are buying into new funds at new allocation for prices at end of day. One minute after 12pm Eastern, you cannot cancel.

Example... If you have 80% in G fund and 20% in equity funds and you move to buy more equities, say buy another 30%, at COB they take the price value of G fund at COB needed to buy 30% of equities at the equity prices in effect at COB. At that point you have no gain or loss on those 30% items you bought at COB. Your G fund would have a tiny gain at that point.

Now the next day, if the market goes up and you sell those same 30% equities and put back to G fund, you will have the gain that happened on that day and they will buy into G with those equity funds for the price of G shares that equal those equity funds you got at COB.

Our huge risk, and detriment to us all is that when you put in your request before noon, you have no idea what you will pay (gain or loss) that occurs 4 hours later when the COB prices are finally known. You lock into sell at noon...no going back no matter what happens during the last nail-biting 4 hours of that day.

Many people have experienced what looked like an up day at noon, wanted to lock in gains moving to safety of G fund only to end with large price drops that happen in the afternoon.

I just experienced that yesterday...was at 200 down in morning but wanted out and chose to IFT out of equities, only to find out at end of day it was down 400+ points. Still glad I got out.

This morning futures were up and I thought dang! Wish i had waited a day, but an hour ago looked like it was dropping again...TSP limitations are hugely unfair to us when traders make buys in milliseconds!!! Those 4 hours are agonizing and your hands are tied all afternoon!!

Best wishes to you and everyone on investments!!!!!!!

Originally Posted by Wiff007

But noon is the deadline for IFT.

Yup!

Originally Posted by DreamboatAnnie

Hi Whiff,

If you are talking about an IFT it takes effect on COB at the prices at COB, IF and only if, you submit request by noon that day. If you make IFT after 12pm, it will not take effect until the following Federal busines day at COB that following day. The bright side is that on the following day in the morning if you change your mind you can cancel it before noon.

So if you made an IFT today by noon, you are buying into new funds at new allocation for prices at end of day. One minute after 12pm Eastern, you cannot cancel.

Example... If you have 80% in G fund and 20% in equity funds and you move to buy more equities, say buy another 30%, at COB they take the price value of G fund at COB needed to buy 30% of equities at the equity prices in effect at COB. At that point you have no gain or loss on those 30% items you bought at COB. Your G fund would have a tiny gain at that point.

Now the next day, if the market goes up and you sell those same 30% equities and put back to G fund, you will have the gain that happened on that day and they will buy into G with those equity funds for the price of G shares that equal those equity funds you got at COB.

Our huge risk, and detriment to us all is that when you put in your request before noon, you have no idea what you will pay (gain or loss) that occurs 4 hours later when the COB prices are finally known. You lock into sell at noon...no going back no matter what happens during the last nail-biting 4 hours of that day.

Many people have experienced what looked like an up day at noon, wanted to lock in gains moving to safety of G fund only to end with large price drops that happen in the afternoon.

I just experienced that yesterday...was at 200 down in morning but wanted out and chose to IFT out of equities, only to find out at end of day it was down 400+ points. Still glad I got out.

This morning futures were up and I thought dang! Wish i had waited a day, but an hour ago looked like it was dropping again...TSP limitations are hugely unfair to us when traders make buys in milliseconds!!! Those 4 hours are agonizing and your hands are tied all afternoon!!

Best wishes to you and everyone on investments!!!!!!!

That makes sense, however if I did an IFT today before noon, I couldn't have capitalized on the gains made today correct? I just would have the prices locked in?

Originally Posted by Wiff007

That makes sense, however if I did an IFT today before noon, I couldn't have capitalized on the gains made today correct? I just would have the prices locked in?

It depends. [(Re-?)Read my previous posts if interested.]

When you ask questions without revealing enough background information, you relegate an astute reader to either research for themselves, to the extent possible, what the unstated facts are, or, answer generally, or, willy-nilly assume the missing facts and warn as such in their response.

You alternatively, leave the less astute responder to simply fill in the missing information for themselves with them not realizing that their answer is dependent upon facts not in evidence.

What still other responders do in this case is give answers covering many different scenarios rather than simply asking/forcing the OP to explain themselves. This usually follows the pattern of the OP asking a 4 or 5 word sentence (with a very rare 'Thank you' thrown in) followed by a whole page or two response by a well-intentioned responder...rinse repeat.

I try to educate the OP as to not only the information they seek; but also as to how they can properly and efficiently seek it. If find that usually, if they can't understand what to ask; they really and truly can't understand the answer anyway, which I think is what we see happening here.

This reasoning is based upon prior years of being a Math/Science Tutor and other 'support'-type tasks.

Good Luck!

Depends on how you were invested and as of what date, and what you did today by noon.

Ex. If you purchased 10% C fund COB yesterday and you sold it and moved it to G fund with IFT by noon today, you would garner the difference between yesterday's COB price and today's COB price. If the price yesterday at COB was lower than price today at COB, you would pocket a gain.

Ex. If you did the same thing, but had purchased into C fund last Wednesday (priced at that COB price) and sold it going back toG today, you would garner the difference between that C fund COB price of last Wednesday when you bought itcompared to today's COB C fund price..... and that difference would now be safely in G fund. To know if it is a gain or loss, keep track of COB price on day you buy equity fund and COB price on day you sell it. That is the easiest way to quickly know without a great deal of tracking.

Best wishes to you and all!!!!!

So job report showed less jobs created than was though, think that could prevent the rate increase? Hmmmm.

Well missed the gains yesterday and today. Still have two IFT. Tryin to decide if I should go all 100-G for next week what with the fed announcement

Hope the rates don't go up next week. Have two IFT left and would love to be in the market. Thinkin if they don't raise it then the market will go sky high.

Question for you all

Will the fed give there statement next Wed or Thurs afternoon? Just wondering cause if went into the market I wonder if wed before noon or Thursday before noon would be better.

Originally Posted by Wiff007

Question for you all

Will the fed give there statement next Wed or Thurs afternoon? Just wondering cause if went into the market I wonder if wed before noon or Thursday before noon would be better.

Thursday September 17, 2015 2:00 PM
Economic Calendar - Bloomberg