Interesting to see people performing an IFT today not realizing that it goes into affect May 1st and will count as their first IFT for the month.
I do believe an IFT done at COB today would not be processed (effective) until tomorrow and be your 1st IFT for May.
Q2. What are the new limits on interfund transfers?
For each calendar month, the first two IFTs can redistribute a participant’s account among any or all of the TSP funds. After that, for the remainder of the month, participants may only move money into the Government Securities Investment (G) Fund (in which case the participant will increase the percentage of the account held in the G Fund by reducing the percentage held in one or more of the other TSP funds).
We will count the interfund transfer based on its process date, not the date the interfund transfer is requested.
If the first or second interfund transfer in a month moves money only to the G Fund, it still counts toward the two (2) unrestricted interfund transfers per month limit.
http://www.tsp.gov/faq/faq14.html
Go to Information about limits on IFTs (updated link) at top center of the page.
I am correct. The timing and posting of electronic IFT's has not changed.From now (2:06PM EST 4/30) until 12 NOON tomorrow 5/1, all IFT's requested will be posted COB May 1 and count as your first IFT for May.
- IFT requested before 12 NOON will be posted COB that same day.
- IFT requested AFTER 12 NOON will be posted COB the following day.
AND:
good news for all who were restricted:
FRTIB is obviously handling this the same way as when they imposed the restrictions March 31...they consider 12 NOON the cutoff because anything done after that time will be posted COB the following day.
factored in. SELL THE NEWS!Fed cuts rates by one-quarter point
By Ruth Mantell
Last update: 2:15 p.m. EDT April 30, 2008
WASHINGTON (MarketWatch) -- Moving to revitalize the economy, the Federal Reserve cut the key federal funds rate target by one-quarter of a percentage point to 2.0% -- matching Wall Street's expectations. The rate cut brought the Fed's target for overnight interest rates to the lowest level since December 2004. The FOMC emphasized higher inflationary pressures and downplayed risks to growth, a signal that the committee may leave rates steady at the next meeting.
I expect it down to the 1365 range tomorrow.
One thing that I will say is that I have been extrememly surprised at how strong the market has held up the last couple days. I was expecting 1365 yesterday or the day before, but now it looks tomorrow will be the best shot to get there and fill in that gap.
If so, then I think we'll have a nice run up over the next week or so.
I think the bear are going to try to pull the market back but my plan is for the F Fund to get to about $12.20 - $12.23 and move my 1st IFT over to the C,S, and I. The best day I see would be Friday after the reports. That is my plan under the new rules.
Keep me true to my best self, guarding me against dishonesty in purpose. Semper Fidelis
The good news-
I'm beating the S&P500 by 7.01% and it's only May.
AND
I'm only in 24th place. So there are a whole lot of others doing better than me.
but I AM getting nervous here. I WISH I had the ability to move more often than two per month-so I have to be very careful about using them.
Best of luck everyone!
Good to see you James..Good luck to you as always..
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks