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Thread: Hiker777 account talk

  1. 10-13-2009, 03:43 PM #1
    hiker777
    hiker777 is offline Newbie
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    Default Hiker777 account talk

    So I am a newbie and know little about trends or even how to navigate my way around this web site but I have had a militray TSP account for eight years. I have not folowed it much but last October I started tracking it monthly to see my gain and LOSSES. I originally started out pretty conservative with 60%C and the rest spread even. I found this site after I got a February monthly statement from TSP showing me with a nice 28% loss for Feb 08 to Feb 09. In June I decided to get more involved so I went with 30% C and 10% S and 60% I. A couple of months ago I went ahead and put 100% in I and with those transactions my statement had me up 6%. I still don't know where I am going with my investments so I am looking for a little help. My current situation is: I have 17 years in and I can retire in three if I want to. We have no bills except a house. I have started savings for my kids who are both under four. My wife also has a TSP that is very conservative and she just does not even check on it. We both had a mutual funds account and individual IRA's that are doing o.k. I can say that we invest over 30% of our income a month. I don't know what everyone else does but we can afford this and we are comfortable with it. So anyone care to help a newbie out.
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  2. 10-13-2009, 03:51 PM #2
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    JTH
    JTH is offline TSP Universe
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    Default Re: Hiker777 account talk

    Welcome, it sounds like you're off to a great start, 30% is a lotta dough to sock away, I'm jealous!!! As for helping you out, I'd start with Tom's blogs and just ease into it.
    Latest Blog: What to do if you've taken the hit!
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  3. 10-13-2009, 03:56 PM #3
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    poolman
    poolman is offline Top Return 2008
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    Default Re: Hiker777 account talk

    Welcome to the MB Hiker777 !

    It sounds like you are doing pretty good. It is also good that you are taking control of your money/Investments.

    Try to stay in tune with the Economy and take notice of what you see around you and what is going on.

    This is a Great site and the more you navigate it You will become more comfortable.

    Good to have you.
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  4. 10-13-2009, 04:02 PM #4
    Frixxxx's Avatar
    Frixxxx
    Frixxxx is offline Moderator
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    Default Re: Hiker777 account talk

    Welcome Hiker!

    I think the best way to go is having the most control over your money as possible.

    So, Stay out of TSP....

    Really tho'~ invest in items that will get you the most return. Set goals and set limits. I know there are 509s out there for your kids......Use them if you can get a good return.

    I have met my return goals the last 5 years and most of the times exceeded them-mainly because of this message board!

    Stay focused, stay true, and as a guy (you'll meet him) on here might tell you-STAY IN!!!

    Your choice.

    Watch the chart talk and fund talk...and watch the tracker for movement decisions.

    Frixxxx
    If I'm curt with you it's because time is a factor. I think fast, I talk fast and I need you guys to act fast if you wanna get out of this. So, pretty please... with sugar on top. Post the IFT!!!
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