ballnoutacontrol account talk

**ballnoutacontrol** · 08-31-2009, 03:12 PM

Hey everybody, new to the site, been in the TSP since 03. Have taken a big interest in the marktets over the last 6 months after finally jumping into the I/S/C in late may after a long wait in the G. Made some money and feeling pretty good about everything. As of right now I am in the G just waitin to see what the market will do. So here I am, anyone with advice send it.

Thanks, balln

**ballnoutacontrol** · 08-31-2009, 03:19 PM

Hey Guys, I am going to be deploying to a "taxfree" zone next year. So I am wondering if it would be of any benefit to wait on making my contributions until I am in the tax free zone. I am thinking it would be because that money or the gains shouldn't ever be taxed. What do you thinik?

**tsptalk** · 08-31-2009, 03:22 PM

Welcome! Good luck with your account.

Tax-free - good! But I don't know enough about that situation to give advice. Perhaps some fellow military personnel can help.

**ballnoutacontrol** · 09-01-2009, 05:12 PM

Holy cow, this downturn has a pretty bad feel to it. I have been waiting for the eventual market drop since the 14th of Aug when I went to G. I did go in 50/50 S and C for a couple of days at the end of the month that netted me a couple $100, but that's it. Sitting in G right now(and glad to be threre) So now I am waiting to see how far she will go down. I looks like it will continue, seems like the drop happened really quickly so maybe there is alot of momentum behind it. Although who knows market has had some good underlying strength so who knows.

Maybe there will be the rally till the end of the week like what happend a two weeks ago and we will break even ur a bit up this week.

I have had a feeling that the bulls are the ones who have bought into the market and have held the majority of the shares and they have been holding strong. I have felt for a bit that all they would need is something to start them selling and then maybe there would be avalanche of selling because they have made some good profits and would be willing to sell.

**poolman** · 09-01-2009, 05:27 PM

Originally Posted by ballnoutacontrol

Holy cow, this downturn has a pretty bad feel to it. I have been waiting for the eventual market drop since the 14th of Aug when I went to G. I did go in 50/50 S and C for a couple of days at the end of the month that netted me a couple $100, but that's it. Sitting in G right now(and glad to be threre) So now I am waiting to see how far she will go down. I looks like it will continue, seems like the drop happened really quickly so maybe there is alot of momentum behind it. Although who knows market has had some good underlying strength so who knows.

Maybe there will be the rally till the end of the week like what happend a two weeks ago and we will break even ur a bit up this week.

I have had a feeling that the bulls are the ones who have bought into the market and have held the majority of the shares and they have been holding strong. I have felt for a bit that all they would need is something to start them selling and then maybe there would be avalanche of selling because they have made some good profits and would be willing to sell.

Good Commentary and Good Luck ballnoutacontrol.

Oh and Welcome.

**ballnoutacontrol** · 09-01-2009, 05:37 PM

Thanks Poolman. I am new and my comments might not mean, but am trying. Any opinion on my tax free question?

**poolman** · 09-01-2009, 05:47 PM

Originally Posted by ballnoutacontrol

Thanks Poolman. I am new and my comments might not mean, but am trying. Any opinion on my tax free question?

I don't really know. But I would be contributing at least whatever percentage that they kick money in too.

What is that like 5 percent.

**ballnoutacontrol** · 09-01-2009, 05:56 PM

I have never heard of anyone in the military getting any matching contributions. I have heard of the program for certian rates, but just don't know anyone who has gotten it.

I guess think about it like this:
If you had the opportunity to put money into your account tax free and it wouldn't be taxed when you withdraw would you do it or stick with the norm? At least I think that the way it will work. Thanks for you thoughts

**ballnoutacontrol** · 09-01-2009, 06:22 PM

Just talked to my friend and he says that only the contributions won't be taxed. The returns on the investment will be. If so that sucks, but it makes sense. Gotta get taxed sometime. If that was the case it would be pretty lucrative to stay in the tax free zone and build up the old tsp account.

**poolman** · 09-01-2009, 06:31 PM

Originally Posted by ballnoutacontrol

Just talked to my friend and he says that only the contributions won't be taxed. The returns on the investment will be. If so that sucks, but it makes sense. Gotta get taxed sometime. If that was the case it would be pretty lucrative to stay in the tax free zone and build up the old tsp account.

I'm sorry, I didn't know the military didn't kick in a percentage.

Anyway you do have a pretty good Deal there.

**WorkFE** · 09-01-2009, 06:52 PM

Unfortunetly the tax free zones are not the friendliest places on earth but if you gotta be there might as well take advantage.

Take care, be safe and GOD speed.

**ballnoutacontrol** · 09-01-2009, 11:44 PM

Well, I am now officially in 50/50 C and S. hadn't planned on getting quite yet. I think this slide will continue for another 1-2%, but I had a pending transfer that I forgot to cancel and now it has taken effect. Maybe a good thing if the market rebounds and rallies the same as it did last time it took a dip, but bad if it does what I think it will. I am up 10-14% for the yr so not worrying too much, but crap I wanted to stay out and watch for a bit.

I have been mostly in the G since starting contributing in 03 and my goal has just been not to make less than I would have if I had never left the good ol G. So I am fine with it, we shall see. Crap again......