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Thread: Just Wanted to Introduce Myself

  1. #1
    Neophyte is offline Newbie
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    Hi there.

    I thought I should say hello since I just registered. I've been in the Navy now for nearly 15 years, and am stationed on the USS Enterprise (2nd tour). I'm a Nuclear Electronics Technician and am due to deploy in 2006.
    I've been pouring money into TSP as fast as a could over the last few years (2001) and was actually able to max out in 2003, 2004, and 2005. So far I can't argue with the results. In the last 2 years i've seen my TSP grow from $28,000 to ~$64,000 (including ~$10,000 of value growth in the same period).
    I really don't alter my distributions more than a few times each year. Basically, once I found a distribution mix that was an acceptable level of risk for me I stepped back for a while to watch economic trends before I do anything drastic, foolish, or both.

    Current Investment Distribution: F - 4%, C- 24%, S- 39%, I- 32%
    Current Contribution Distribution: C- 20%, S- 40%, I- 40%

    - So far i've had this mix (or variations) for the past 2 years or so. It's probably a bit too aggressive, but I figure I need to accept as much risk as I can while i'm still (relatively) young and single.



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  3. #2
    Show-me's Avatar
    Show-me is offline TSP Guru
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    Well done! Risk = reward! I'm playing catch up also.
    "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson

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  5. #3
    Neophyte is offline Newbie
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    No kidding! I didn't start saving for retirement until i was almost 31. The way i look at it, TSP's higher contribution limit (compared to my Roth or a hypothetical conventional IRA) allows me to effectively 'back-date the start of the compound interest curve.

    Nothing like trying to race myself back through time......

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  7. #4
    tsptalk's Avatar
    tsptalk is online now Moderator
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    Welcome Neophyte! Thanks for joining us and good luck to you!

    Tom

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