G Fund Payday

[presskh]

The new per annum rate for May has increased to 3.75% (we're in the money!). So, the predicted payday probability has been adjusted to about 50/50 odds of paying either today or Monday.

[presskh]

The next predicted payday is Monday, May 12th.

[presskh]

The next two predicted paydays are Monday, May 19th and Tuesday, May 27th.

[TRUEHONEST]

Presskh you been very accurate, more accurate than my calc. Please keep posting your G payday. THANK YOU!!!

[pgacker]

I just joined. What is a G Fund Payday and how do I take advantage of it?

[tsptalk]

Welcome. It is kind of a moot point with the new transfer limits, and the TSP (rightly so I might add) will be making an adjustment so that it can not be done anymore.

Basically we can make an educated guess as to what day the G fund will pay its penny gain. The new change will have the G-fund pay fractions per day rather than a full penny on a specific day.

The TSP made it clear in the new transfer limit rule, that they did not like this practice calling it "insidious behavior". I saw it more as smart investors doing their homework, understanding the system, and taking what they are given. But again, I am glad they are changing it. It should have been done the right way in the first place.

[Silverbird]

I didn't see it as "insidious behavior", I actually saw it as keeping from (metaphorically, my computer is fine) banging my head on the computer screen because I pulled my money out of G right before the payout. I agree with TSPTalk that this way is better and should have been done in the first place.

[squalebear]

PRESSKH,What are your estimated dates (June) for the almighty penny ?

[Rustynutt]

Don't know about ya'll, but the penny snuck up on my account today. Been wanting to get the remainder of my account all into G from F for some time, got out with a few F pennies tonight, but the quick penny on the G this week did cost a bit.

Tree farm is doing well, but it's back breaking, enough so to convince any IRS agent of hard work and dedication. Planting season is done, now time to move over to the motorcycle repair side of business. I predict a loss this year with the economy being the way it is. Been looking at compact tractors for before years end. Sorry if that's vague, been a while since I posted.

[presskh]

Originally Posted by squalebear

PRESSKH,What are your estimated dates (June) for the almighty penny ?

Looks like the odds are about 50/50 for a payout either Monday, June 9th, or Tuesday, June 10th. If it pays on Tuesday, the 10th, then it should also pay on the following two Tuesdays (17th and 24th). If it goes ahead and pays on Monday the 9th, then I will have to recalculate the next two paydays. The interest rate for June is 4.00% (whoopee!!!)

[squalebear]

Thanks Bro !

[rdodson]

I noticed that TSP states the fund shares are going to four decimal points starting July 1....so how does this affect the frequency for the G fund value increase to our account?