Thread: I caught the end of a radio interview...

Originally Posted by fabijo

I'm waiting for the news to come out that we have until 4pm to make changes that take effect on that day.

I wouldn't hold your breath.

Originally Posted by FUTURESTRADER

I He also said there were only 147 accounts that had 'traded' more than twice a week.

No doubt all members of TSPTalk.

I listened to that and I have to say I am pretty insulted.

Basically they are saying everyone who moves their money is losing. No exceptions. And if you are paying someone a fee to tell you where to put your money, then you are paying someone to lose your money.

How closed minded is that? Forget the facts. They are basically saying we are too stupid to manage our own accounts. And websites like this (I assume they mean us) are the bad guys leading people down the wrong road.

And they claim they (TSP) are educating the people. Really? Is that why I get hundreds of emails a week answering questions about TSP that TSP should be answering? Try asking them a question. See if and when you get an answer.

Oh, and he said they wish they could shut us down. By us I mean any website that helps people with their TSP.

Maybe you should ask for equal time on the show.

You talk about excess!!!!! I have made more transfers than anyone and still am beating all but the "I" fund! Tell him to shut his big mouth unless he has the data to prove it! DUH!

Originally Posted by tsptalk

Oh, and he said they wish they could shut us down. By us I mean any website that helps people with their TSP.

We must be putting a spur in their operations....guess they know who we are just by cross correlating data....I just hope I can gain long before they attempt to stop the profit making....

Originally Posted by tsptalk

I listened to that and I have to say I am pretty insulted.

Basically they are saying everyone who moves their money is losing. No exceptions. And if you are paying someone a fee to tell you where to put your money, then you are paying someone to lose your money.

How closed minded is that? Forget the facts. They are basically saying we are too stupid to manage our own accounts. And websites like this (I assume they mean us) are the bad guys leading people down the wrong road.

And they claim they (TSP) are educating the people. Really? Is that why I get hundreds of emails a week answering questions about TSP that TSP should be answering? Try asking them a question. See if and when you get an answer.

Oh, and he said they wish they could shut us down. By us I mean any website that helps people with their TSP.

You talkabout people writing their congressmen! HUH, I'll call DUBAH!

Since I do not have Gary Amelios email I sent my question to FederalNewsRadio.

Questions and information I would like to ask for under the FOIA.
Reference: Your Turn with Mike Causey
Guests: Charles Fallis, pres. NARFE, and Gary Amelio, director of the TSP.
Sep 20th - 1:13pm
Posted Online: 12-31-1969 17:12
http://www.federalnewsradio.com/inde...918879&nid=250

How much money did the TSP board spend to educate us?

How, when and to whom was this training provided?

Please provide the data that shows why the 147 applicants mentioned in the radio show lost money. If the data shows that the 147 applicants lost money were they provided training or advised?

Please provide data that backs up the statement that market timing does not work?

Send this to Gary Amelio please.
I am spinning it this way I pay money to make money.
I am one that will prove with data that I am doing better than the L funds he the board is pushing.


Please Educate me.

They talked a lot about the L-fund. I am a big fan of the L-funds for most TSP participants. But I believe the people here are looking for a little more.

I also don't think the gov't should be responsible for training us on how to invest our money. But why would they denounce those of us who are trying to learn on our own?

Originally Posted by tsptalk

They talked a lot about the L-fund. I am a big fan of the L-funds for most TSP participants. But I believe the people here are looking for a little more.

I also don't think the gov't should be responsible for training us on how to invest our money. But why would they denounce those of us who are trying to learn on our own?

The L-funds are great for auto-pilot. I agree that people here are looking for a little more. But we are a relative small group. The majority doesn't have the time (or whatever) to gain the skill to manage their own funds. They remain subject to the risks of "investing".

Training would take up too much time. Denouncing us is wrong! This site is life, liberty, and the pursuit of happiness,... ok money!

Here's a suggestion FWIW. Place what you don't want to lose in the L-funds. Take the remainder and learn from the top members how to trade funds. When you better the L-fund return, and feel confident take a better allocation position.

Investing and fishing-lures have a lot in common. The majority of fishing-lures were not designed to catch fish, no catch fisherman! However the right lure will catch a fish......thats the learning process!

My 2 cents
Regards
Spaf

Originally Posted by FUTURESTRADER

I caught the end of a radio interview with our 'bud' gary amelio yesterday. He says they monitor unofficial TSP web sites, also calling the attempt to time the funds as 'nonsense'. He also said there were only 147 accounts that had 'traded' more than twice a week. I believe the link below is the interview.

http://www.federalnewsradio.com/inde...918879&nid=250

I know we’ve made jokes about the timing of the FV in the I fund on days that the members make a lots of moves to that account….but since they’re monitoring the sites it really makes you start to wonder. Naw, they wouldn’t do that, would they?

Also, it seems like a very small number of people doing twice weekly moves. I just checked and I’ve done 19 moves this year, all positive and they beat the heck out of my old ignore strategy.

Its spooky to think we are that much of a pest to these money managers. Maybe we are doing to good of a job and threatening theirs. Just a thought Mayday