Thread: New TSP Trading Site?

WOW! A slam at Ebb too! What nerve!

Originally Posted by CountryBoy

Good morning all,

I found this site advertised at the top of the page on FedSmith.

http://www.thriftrading.com/

Since I just got back from vacation, this may have been discussed and if so I'm sorry for the repeat. It just kinda caught me by suprised, that this was advertised, very prominently, on Fed Smith who I feel is nothing more than a shill for the Thrift Board.

CB

Wow, sooo impressed that they have been making money since inception...in 2004! Ok, and they seem to be in G fund right now, like even I couldn't figure that out. And guess what they call "Buy and Hold" for comparison purposes? 20% in each of the funds, like you are supposed to *do* that? How about those "L" things that are supposed to be the buy and hold strategy? And they list TspTalk as a resource after dissing it.

And, oh, it's $99.50 for *three months* + $50 for every additional computer you want to log in from. Ok, who is planning to log in from only one computer?? Looks like $279 a year + that $50 for another computer, I can buy a package of different newletters here for that price.

Anyway, even though paying services are offered here, you don't have to buy them to get lots of good information here. And it's not as if Ebb is *the TSPtalk pay service", you just *can* buy his service among others. You don't get much out of this also ran unless you give them money. And TSP talk could put logos for government sites on the bottom of their site too, but I prefer the reality of the market charts over the reflected cachet of "resources" that at first glance makes it look like the site is in some fashion official or sanctioned or liked.

Used it, dumped it... not very helpful...

Yeah, I remember him!

Originally Posted by luv2read

WOW! A slam at Ebb too! What nerve!

No slam was aimed at Ebb at all. I've noticed you're pretty quick to jump to conclusions since your return. I don't post that often but when I do it's mainly to point out sources of info, but then I don't have the time to read as much as you do. I didn't even know he was at this site.

I don't slam other fellow feds who want to help. So don't be so quick to judge others.

CB

Originally Posted by SkyPilot

Used it, dumped it... not very helpful...

Thanks for the info SkyPilot. Much appreciated.

CB

Originally Posted by nnuut

Yeah, I remember him!

I guess I need to get out more often.

CB

With the average of most Mutual Funds being down for the year and so
many of us being in positive territory YTD, even we could start a website
and make short term cash claiming that we've outperformed the S&P500
for the last 8 years. Be very cautious. I haven't seen a system beat the
Bear yet. I mean Bear Market ! Remember, If your down 5% YTD and the
S&P is down 5.5%,,,,,you beat the S&P yet again. Whooppppeee !

Originally Posted by CountryBoy

No slam was aimed at Ebb at all. I've noticed you're pretty quick to jump to conclusions since your return. I don't post that often but when I do it's mainly to point out sources of info, but then I don't have the time to read as much as you do. I didn't even know he was at this site.

I don't slam other fellow feds who want to help. So don't be so quick to judge others.

CB

I don't think luv2read meant you.

The website says:

Word of Caution: Beware of becoming a member to other services that do not show a consistent long-term track record (meaning years of real-time data) for beating the market and ones that do not fully explain their methodology for IFT allocations. These services will involve a very high degree of risk since long-term consistency is unproven. An example of one of these services is recommended on the TSPTalk.com site. When you go to their page at: http://www.tsptalk.com/members, and click on "Sample EbbChart System," the link brings you to this page: http://www.tsptalk.com/samples/ebbchart.html, which shows their 2007 returns of +20.01%. That sounds great, but how well did they perform in year 2006? There are no results! Now how are they performing this year? As of a May 23, they are losing bigtime at -11.22% for their ETF service and -2.64% for their TSP system! Services like these really concern us. Site visitors who sign up to their service will be at great risk since their methodology is unproven, not to mention that members don't have a clue as to how they are assigning their allocations (i.e., black box system). This is just a word of caution to beware of unproven services that do not have consistent results.

Yeah, I agree Luv was referring to the diss of Ebb on the ThriftTrading website, that was why I added to the point in my analysis that Ebb does not equal TSPTalk like their paying service = their site. The diss of Ebb "warning" is prominently on the website, but as I said in my analysis, TSPTalk is listed as a resource for TSP. I want to stress that I didn't want to imply that Ebb's service deserves any dissing whatsoever. My point is me thinketh they talketh out of two sides of moutheth (with the specious "warning) so hold on to your walleths.

Originally Posted by luv2read

WOW! A slam at Ebb too! What nerve!

Originally Posted by CountryBoy

No slam was aimed at Ebb at all. I've noticed you're pretty quick to jump to conclusions since your return. I don't post that often but when I do it's mainly to point out sources of info, but then I don't have the time to read as much as you do. I didn't even know he was at this site.

I don't slam other fellow feds who want to help. So don't be so quick to judge others.

CB

CB,

That comment wasn't aimed at you...it was aimed at the "TSP investment managers" you pointed out. They clearly slam Ebb in their "ad".

RPG and Silverbird, thanks for noticing.

I try think things through before I post and not go off half-cocked, so to speak. It seems that I've failed at this, so in the future I'll try to refrain from posting my opinions and comments and stick to posting facts (articles) in my own thread. CB, sorry if I've offended you in any way.