Thread: KevinD's Account Talk

Originally Posted by KevinD

This is what I was wanting to know. Under what circumstances would even the G fund evaporate?

Total stock market collapse? Civil war? Terrorist nuke NY? What worse problems?

Originally Posted by Show-me

If the G fund evaporates you got bigger problems. Like Mad Max type problem. Got ammo?

Kevin, Show-me is always right on, and you may think that his answer here was an exaggeration but it wasn't. G Fund is backed by the full faith and credit of the US Government. Therefore, if G Fund goes away there is no government in the US. It's not quite that simple, but in general, G Fund is safe unless we are in a situation of post-apocalypse anarchy.

You want three guesses why my money is in G Fund right now?

Lady

Originally Posted by XL-entLady

Kevin, Show-me is always right on, and you may think that his answer here was an exaggeration but it wasn't. G Fund is backed by the full faith and credit of the US Government. Therefore, if G Fund goes away there is no government in the US. It's not quite that simple, but in general, G Fund is safe unless we are in a situation of post-apocalypse anarchy.

You want three guesses why my money is in G Fund right now?

Lady

Agree - if the US government defaults, your money is no good anyway. If you think this may be the case, gold is the time-honored universal trading medium. However, instead of buying gold, you might want to invest in a lot of brass (bullets), which are usually more effective in securing food and water in a "Mad-Max" scenario. I don't think it will devolve to this. The US (government and private) has just been on a spending binge for twenty five years or so and the private portion of this binge is coming back down to reality. Unfortunately, government spending is now totally out of control and I don't know what the effects will be when it is forced to deal with reality - and eventually it will.

Your money will always be in the G fund the question is what can you buy with it. Is $10 too much for a loaf of bread? The gov. will print more money but as a result your dollar will buy less.

Originally Posted by Show-me

Your money will always be in the G fund the question is what can you buy with it. Is $10 too much for a loaf of bread? The gov. will print more money but as a result your dollar will buy less.

Mr. Rogers says, "Can you say 'hyper-inflation'? I knew you could."

Lady

Originally Posted by Show-me

Your money will always be in the G fund the question is what can you buy with it. Is $10 too much for a loaf of bread? The gov. will print more money but as a result your dollar will buy less.

Helicopter Ben, boasted he will throw money out of helicopters if needed. And Bush's policy to promote 'home ownership'. More home ownership than any other time in history. My neck has cramped from continuous, rueful headshaking. Let em all default. I put 20% down on my house, locked in a 30 yr fixed, pay off credit card every month. Have saved enough to buy another car and send my first through college. I've also lost tens of thousands of dollars in bad investments. My fault for not doing my due diligence and leaving it to <cough>'brokers'. Hard and costly lessons to learn.

Originally Posted by Show-me

If the G fund evaporates you got bigger problems. Like Mad Max type problem. Got ammo?

Which ammo do you recommend I invest in considering this turbulent market?

OK. So I used last months 2 IFT's to move my balance from the L2020 to G 50% on each move. Basically I was just doing it to see how it works. I had never done it before.

So for this month I was thinking of a dollar amount to play with...$5 to 10K or so. I'll back into the % of my TSP that equals what ever amount I ultimately decide.

Then I am thinking about distributing that amount equally among the F,C,S and I over a 24 hour period (not sure what period yet) and then use my other IFT to move it back to G...you know...just to see what happens, how it happens, maybe study it to see WHY it happens. Then I'll be stuck in G again for the rest of the month (which is where I'm most comfortable right now anyway).

As you can see I have no idea what I'm doing but I thought this little self imposed exercise might help me learn more about the TSP and the funds available to us. So far I've been in L2020 and watching American Idol and NASCAR...oh and Entertainment Tonight.

Anybody see any flaws in my reasoning?

Originally Posted by KevinD

As you can see I have no idea what I'm doing but I thought this little self imposed exercise might help me learn more about the TSP and the funds available to us. So far I've been in L2020 and watching American Idol and NASCAR...oh and Entertainment Tonight.

Anybody see any flaws in my reasoning?

nope. Using logical choices only works when the stock market is acting logical - only it rarely, if ever, works from logic.

Originally Posted by KevinD

Which ammo do you recommend I invest in considering this turbulent market?

I personally prefer heavy caliber, but like my portfolio, my array of weapons are also diversified, for short and long range.

CB

If you're not sure why you're making a move then why move? I'd leave the gambling in Vegas and not use any of your 2 IFTs for a move to G, if it can be avoided. You want to study and know why you make a move BEFORE you make them.

You could always decide who you think the Board leaders are, figure out why and how their moves are based, and adopt their strategies.

Originally Posted by KevinD

Anybody see any flaws in my reasoning?

Kevin, you can move to G anytime. Some people make 5 or 6 moves a month. The first two moves count towards the IFT limits. If you are still vested in any fund other than G you can move to G anytime you desire and in as small amount as you desire. As JTH suggested don't waste your second IFT moving to G unless you are doing it for safety or to capture gains. IMHO.