Thread: Interfund Transfer 10/27 for 10/28/05

I did the same thing yesterday. Went from 100% C to 100% G. Still expect a year end rally....but not yet. I was only back in C for 10 days but made out.

Looks like you timed it better. :^

On the subject Tom wrote about with timing and market closure hours: I encourage everyone to write this board often to explain the concept of we make more TSP makes more! They're in Washington, of course. The address is with this link. Tell them; write them.

"The Board. The Federal Retirement Thrift Investment Board is an independent Government agency. The five members of the Board and the Executive Director are required by law to manage the TSP prudently and solely in the interest of the participants and their beneficiaries."

What a big difference it would have been this week if we didn't have that early deadline. I'm sure they'll just tell us that TSP wasn't meant to trade but I'm game to try to change that.

:#I have a problem: Thursday I went from 70 to 50% S, and the shares were reduced to 2378.1822. Friday 28th, I made changes only to my G & F. But the TSPconfirmationnow (Sat@ 0200)tells me my S shares have droppedby a count of 18...AND worse than that,instead of the balance increasing by the .23 gain, it decreased by nearly $300.

I will call them Monday unless one of you can show me where my understanding of thisreport has gone astray. If I had 50% yesterday I should still have50% today since I made no changes;and with a 23 cent increase in the cost/share, there should be an increase in balance rather than the decrease showing, right??? :X:@:x :i :@:@:@ I am worried now I have been too casual in my checking of these nightly reports -

tyia for your assists

Grandma, the S fund had a bigger loss on Thursday than it gained on Friday. You also had more shares on Thursday than you did on Friday. The only wayyou wouldhave come out ahead was to of bought more shares on Thursday when it dropped big and then sold them on Friday when it gained.

ANother way to look at it, the S fund dropped 1.9% on Thursday and 70% of your balance was in it. THis means you lost 1.33% of your balance. ON Friday the S fund gained 1.53% but you only had 50% of your balance in it so you gained .77% of your balance. This results in a loss of about .76% of your balance from Wed. close.

Basically, on Fridayyou onlygained back about half of what you lost on Thursday by decreasing your share percentage.

Hope this helps and sorry you lost money.

Now if they are saying you lost money from Thursday close to Friday close, then something is wrong.

M_M

Okay Mlk: Friday morning @0100 I have 2378 shares $35672 in S

I did not make any move in S during this time span, still 50%

Saturday morning @ 0100 I have 2360 shares $35945 in S

I don't mean toadvertise my poverty in tsp, but I need to show the numbers. I am `number clueless'so am not able to use ratios, etc, & understand which represents what.

So - ?? What do you think.......??? Thanx for the assisting !!

grandma wrote:

Okay Mlk: Friday morning @0100 I have 2378 shares $35672 in S

I did not make any move in S during this time span, still 50%

Saturday morning @ 0100 I have 2360 shares $35945 in S

I don't mean toadvertise my poverty in tsp, but I need to show the numbers. I am `number clueless'so am not able to use ratios, etc, & understand which represents what.

So - ?? What do you think.......??? Thanx for the assisting !!

grandma I checked the numbers and 2360 S shares are correct. Even though you made more money at the close of Friday, when you request a new IFT ( inter-fund transfer ) TSP combines the individual fund totals at the COB, then divides the total by the new requested IFT. Whenever you request an IFT, you are basically selling, then buying shares at theCOB price for that day. Look at your IFT confirmation, itshows you this under the title 'before' and 'after'. When the sums for the S, C and F were combined forthe total, then divided into your new 50% S and G request, the new total for the 50% S was buying S shares at the higher price of 15.23 andgiving you a new share total that ended up being18 less than what you had. What you ended up doing was taking some of your profit from the S fund, then placing it in the G fund. I will send you a PM with the numbers, hope this helps.

Thanks vectorman. Does this make since grandma? When you make an IFT, you can't just say "put my 50% F into the G fund". You actually have to "sell" all your shares and then "buy" back whatever yourallocation request was, like vectorman said.

Let's say Thurs. you went 50% F and 50% S and you have $10,000. That would put $5000 in the F fund and $5000 in the S fund. Then let's say Friday the F fund lost 1% and the S fund gained 5%. You would then have $4950 in the F fund and $5250 in the S fund. You then request an IFT to go 50% G and 50% S. That means half your balance goes to G and the other half to S. Your balance is $4950 + $5250 = $10200 so $5100 goes to G and $5100 goes to S fund. You'll lhave fewer shares of S because you bought them back at a higher price, but your over balance will be up.

I don't even pay attention to how many shares I have. I just make sure my balance goes up.

You should call them anyway because I'm curious to hear how they would explain it other than to say "I'm sorry ma'am but I'm sure our computers are correct and if didn't make so many moves you wouldn't have to worry about it as much". :shock:

tsptalk wrote:

What a big difference it would have been this week if we didn't have that early deadline. I'm sure they'll just tell us that TSP wasn't meant to trade but I'm game to try to change that.

I'm game too. Someone posted that TSP wrote them saying they needed 2 hours to determine the funds trades. Fine, then let them make the deadline at 2 PM. :@

It will be interesting to see how the competitive bidding process for F, C, S, and I plays out. If Barclays loses and a domestic firm wins, you folks may have more leverageto push for alater deadline. I don't recommend frequest trading but Iwould like for TSP to beup to date. Both of the companies holding my IRAfunds have the 4PM eastern deadline.