Backed by the full faith and credit of the US Government !!
Full Faith And Credit Definition | Investopedia
Backed by the full faith and credit of the US Government !!
Full Faith And Credit Definition | Investopedia
100g
robbing Peter to pay Paul... nothing more. Actually robbing Peter to pay Peter
Generally when banks are flush with cash or have an unlimited supply of cheap money you don't get crap on interest rates on your accounts. The reverse is true when money is limited. It would seem to me if the FED is limited on where they can go to borrow money, G funders should be earning better than 2% to borrow their money
In Dog Beers I've only had two.
To deter borrowing. If I could take out an interest free loan, I'd take out as much money as possible even if I don't need it...why not? As long as inflation stays positive, that money is worth more today than it will be tomorow.
Does anyone know if the G fund return rate rises when the government 'borrows' from it? I would think it would.
Was just sent these links and thought I would share it with you all.
Petition Filed Asking to Leave G Fund Out of Debt Limit Fight
Petition Filed Asking to Leave G Fund Out of Debt Limit Fight - FedSmith.com
Stop Withholding Payments to the TSP's G Fund
https://petitions.whitehouse.gov/pet...-fund/jPL8H7VQ
"As we await legislation on raising the federal debt limit, I would like to address your concerns about the possible suspension of issued securities to the Government Securities Investment (G) Fund. In the event that the U.S. Government reaches the statutory federal debt limit, the federal government may temporarily be unable to issue new securities to the G Fund because to do so would exceed the present debt limit. However, G Fund investors are always fully protected and G Fund earnings are fully guaranteed by the Federal Government due to statutory protections in the Thrift Savings Plan Investment Act of 1987. This protection, known as the "make-whole" provision, will work to ensure that G Fund investors are completely unaffected by the limitation on securities issued by the U.S. Treasury. G Fund account balances will continue to accrue earnings and be updated each business day, and loans and withdrawals will be unaffected."
So far the numerous times they've done this before they've followed the law and made whole the GFund... Lets hope that trend continues.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks