SB, Careful I am ready to pass you in the tracker.
May the force be with us.
SB, Careful I am ready to pass you in the tracker.
May the force be with us.
If my eyes aren't tricking me again, you have already accomplished such a
worthy goal by being Number#27 while I'm stuck at Number#30. My friend,
before I start having fun at your expense, let me say "Congratulations" are
in order! And I'm truly happy to see you in the "Green". Its never easy !
Now that the important stuff is out of the way, lets have some fun !
If I'm not mistaken, your tracking began the day before Independence
Day (7/3/08). In the month of July there were 11 opportunities to gain a
total of +11.39% and 9 opportunities to lose -10.73% and by (7/31/08)
you managed to build a resounding +0.24% MTD and YTD (Bravo)! So far
in August your taking it to the house ! You've gained +1.13% and have
yet another day to add to your stellar performance. Who knows, maybe
today will get you over my +1.65% MTD (etched in stone) return. By the
way, if a rookie joins the tracker on September 2nd and experiences a
+3.50% gain the very next day, I hope he writes you to let you know
that he's beating you in the tracker ! Now that would be justice ! :toung:
I couldn't help but chuckle while I wrote this little sarcastic spoof and
I hope you got a chuckle or two out of it yourself. That was my intent.
So come January 1st, 2009 it would appear that a challenge is in the
offing. I can see it now, one Hamburger from Wendy's Management
Institute, located in Dublin, Ohio (been there, done that) vs. one
Pats Cheese Steak from South Philadelphia, PA. (wid or widout). Oh
yes, been there done that too! Didn't everyone start their careers in
Fast Food Restaurant? Anyway, hope you had as much fun reading this
as I did writing it. Good Luck tomorrow ! It better be a positive day or
you can expect me to gloat alittle. The force will be with you, always!
Nasa, you've made my day ! Thanks !Originally Posted by nasa1974
SB, I posted some links to the FRTIB on my account. If you have some time this weekend there is some interesting information. One other link is for the monthly meeting minutes: http://www.frtib.gov/FOIA/minutes.html
Enjoy!
Master BS. OOPS! Sorry! Master SB have a nice labor day weekend.
May the force be with us.
Thanks Darth-Bear,
I downloaded them last night and plan to read them as time allows. I hope
L2R takes a moment and disects the information as she does so well. We
might even do a comparison of pre-limit expenses vs. the 2nd Qrt. I'd be
seriously interested in seeing how they differ and more importantly, Why !
I did notice one thing when I scanned over the thing. I posted this some
where, but I said they will use the Market Volitility as an excuse. I read
the very same thing in the minutes. The Hardship Loans and Withdraw
increase never addresses the possibility that members are bailing out of
the TSP for less restrictive accounts. There's lots to be found I'm sure.
I thought I'd throw this on my thread, it kinda got lost in another.
A few questions comes to mind when I think about taking my money out of the TSP and putting it into an IRA;
Q1- For a guy like me, who trades frequently, What kind of cost would I
incurr with,,,,,say,,,,,,4 transfers per month,,,,,and DCA'ing 4 more times
back into safety. (on a yearly basis). I know it will vary based on what
company I go with, but an average is what I'm looking for.
Q2- If I trandfer a large sum from my TSP into a Traditional IRA, then 3
years later (before 59-1/2) make a lump sum withdraw from the IRA, don't
I have 30days before I find myself in a tax situation.
Q#3- Can't I take that Lump sum and deposit into my Checking Acct and
then Tranfer it back to my TSP if desired. Or even get a Cashiers Check
and send it to the TSP without problems.
SB, my fine bear, L2R has more faith in my knowledge base than I do, unfortunately!
The only small piece of your question that I can help with is to tell you that (regarding question #3), if you're talking about taking the lump sum before before you retire, then it would be handled like any other TSP loan and payback. And if you're talking about taking a lump sum out after you retire, then you can't put it back in your TSP account.
And I can't help at all with the other questions. Wish I could.
Who else can step in and help out our Bear Brother here? Anyone?
Lady
SB, I've got 6 admissions I need to urgently address so barely had time to look at your questions.
Let me just say briefly - as a friend and as a Brother - please don't get caught up in the "negative sentiment" with Barclays and the limited IFTs.
Seriously - the more frequently you trade - the more likely you are to lose it all. The odds are way more in favor of losing "not winning".
Talk with your wife and make sure she's 100% behind your decisions. Remember the TSP is meant for the golden years of retirement and not as "a lump sum" to cash in on for frequent trading.
Get your mind off the daily (and all the more - the weekly stuff) and try to really let your heart give you a sense of where the Markets are going over the rest of the year (the next 3 months). Then shift your account and hold tight.
Your questions and concerns kind of scare me - my friend - I'd hate to see you lose a good thing.
I would have to respectfully flip the coin and point out that you can't win if you don't play and aren't' willing to accept some risk.
I'd rather take out a TSP loan and take an educated risk. Spreading your options around isn't a bad idea. Who knows what the TSP Board will do in the future? After all, they have already screwed me over by changing the IFT rules AFTER I made a commitment to invest in them.
As for me, I'm young (35) and still have plenty of time on my side. And when I do take out a TSP loan to open an IRA, I won't be taking out all of it.
Too many factors, age, time, money, taxes... SQ, as long as you weigh your risk and expel your ego in the process, you'll make the right choice.
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