pointman72 Account Talk

**pointman72** · 03-22-2006, 08:11 PM

Initial Post:

I like everyone else is suffering from the new deadline restrictions. Monday (20 March) made the move to 70% I and 30% F in the hope that International Market would continue rising and the correction/consolidation for our market would start (old concept stocks decline/bonds rise). Made conscience decision yesterday to remain at this distribution through Thursday night. Risk is acceptable during the week but like to sleep good on the weekends.

Submitted IFT for today to 50% G and 50% F effective Thursday night (23 March). Will allow things to evolve, monitor the outcomes and probably resume trading early next week. That is assuming that by then the system will support daily IFTs again. Trying to guess the market 2 days in advance during this turmoil is rough for a newbee.

In advance, appreciate the opportunity to bond with such distinguished experts.

**sugarandspice** · 03-22-2006, 10:24 PM

"I like everyone else is suffering from the new deadline restrictions"

What does this mean?

**pointman72** · 03-22-2006, 11:37 PM

Personally I believe it is a bad policy resulting from an over reaction. Do not understand why an interfund transfer from one fund to another is being scrutinized, resulting in a two day wait. Would imagine they should only be providing verification for actual withdrawls or loans from the TSP program. Am I off base or did I miss something?

**Rod** · 03-23-2006, 02:04 AM

Welcome pointman72. Please discuss your account here.

God Bless

**tsptalk** · 03-23-2006, 04:19 AM

Welcome pointman! Good luck!

**pointman72** · 03-23-2006, 08:22 PM

Some times we just make money accidently.

Put in an IFT yesterday (22 Mar)and didn't think it would take effect until cob today (23 Mar). Anyway the change was made last night, so maybe we are back to one day IFTs again instead of two days.

Since the change was made last night advoided the I Fund beating today that would have been for 70% of my funds.

**nnuut** · 03-23-2006, 08:34 PM

Pointman72,
Welcome, the more the merrier!!
TSP will only Guarantee IFT within 2 working days. If you call the Thrift Line to make a transfer they say it will be effective within 2 days, buttttt---- The other day when they shutdown on line transfers I made an IFT via the Thrift Line at 10AM EST and it was affective the COB (close of business) that day. As far as I know they have NOT changed the policy and still TRY to make IFTs effective the COB the same day.
Best of luck in your investments!!!!
NNUUT

**Rod** · 03-23-2006, 09:35 PM

Originally Posted by pointman72

Some times we just make money accidently.

Put in an IFT yesterday (22 Mar)and didn't think it would take effect until cob today (23 Mar). Anyway the change was made last night, so maybe we are back to one day IFTs again instead of two days.

Since the change was made last night advoided the I Fund beating today that would have been for 70% of my funds.

EZ thing to remember, if you make an IFT prior to noon EST, the allocation is normally effective the next day

For example, if you were 100(G) today and made an IFT for 100(S) @ 11:30am, you should wake up the next day to 100(S).

God Bless

**pointman72** · 03-24-2006, 03:48 PM

Made an IFT for COB today to 75% I and 25% S.

Know this is against the concenous of the group, but sometimes the pointman must go where others dare.

Betting there is one last spike next week before the consolidation/correction. Normally don't like to do this over a weekend, but think the fireworks are going to start first thing Monday morning and want to get my money in before the price gets any higher and the risk increases.

Have a great weekend all and thanks for the opportunity to excel.

**pointman72** · 03-30-2006, 04:08 PM

IFT for COB today 100% I.

Great results yesterday and super so far today. With the International Market highs and new highs, believe we will actually see 3 up days in a row. Will have to do a lot of pondering between now and tomorrow's cut off since I like to take an R&R (rest and relaxation) over the weekend.

But got to make some dimes before everything begins to decline and we begin penny hunting. Was really hoping the s fund would get inflated to stay within a reasonable limit of the I fund, but apparently that is not the case.

**pointman72** · 04-11-2006, 03:41 PM

IFT for COB today 100% G

I rolled the dice and crapped out.

Started the month 100% I, made good profits Monday through Thursday, then lost 3/4 percent on Friday. Yesterday was break even. It looks like I'll end up giving my profits so far this month back based on the negative results of I today.

Knew going in this was going to be a real crap shoot. Historical data for April of 04 & 05 shows a 2 to 3% drop for the S & I funds during this time period. However, could not find any historical data for the S & I fund when we are experiencing new highs at the end of a 3 year run. So thought it was worth a gamble. Still do not regret the decision to try.

Am going to sit on the side lines (hope I can find a seat) until something changes. Will either go 100% I or S based on my gut read when I beleive we have bottomed out.

Good luck to all thoses still in the action. The pointman is going on R&R (rest and relaxation).