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Thread: IFT/ 2 day process

  1. #1

    Default IFT/ 2 day process

    So, I just made an IFT. My understanding is that this will not take effect until trading starts on Monday the 5th? What a screwed up system. Why does the government take this long to process?


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  3. #2

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    Default Re: IFT/ 2 day process

    Quote Originally Posted by catak View Post
    So, I just made an IFT. My understanding is that this will not take effect until trading starts on Monday the 5th? What a screwed up system. Why does the government take this long to process?
    Please read the following from https://www.tsp.gov/planparticipatio...whenTakeEffect
    (Emphasis added)


    When Do Interfund Transfers Take Effect?



    Online and Telephone

    IFTs made on this website or the ThriftLine before 12 noon Eastern time are generally processed as of that business day. Requests made after 12 noon Eastern time are generally processed the next business day.


    Interfund Transfer Limits



    You can make an IFT at any time, but there are some important limitations:

    • The first two IFTs of any calendar month may redistribute money in your account among any or all of the TSP funds, including moving your entire balance into the Government Securities Investment (G) Fund.
    • Subsequent IFTs in the same calendar month can only move money into the Government Securities Investment (G) Fund.

    If you have both a civilian and a uniformed services account, these rules apply to each account separately.
    Your IFT counts in the calendar month we process it, not in the month you submit


    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  5. #3

    Default Re: IFT/ 2 day process

    You have until noon eastern to make an IFT that takes place the next day. These are not individul stocks so the trade is not immediate. It's more like a mutual fund where the price of each share is determined at the end of the day and that is the price you get and is when the trade takes place.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
    Past Returns:
    2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%

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  7. #4

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    Default Re: IFT/ 2 day process

    Quote Originally Posted by Cactus View Post
    You have until noon eastern to make an IFT that takes place the next day. These are not individul stocks so the trade is not immediate. It's more like a mutual fund where the price of each share is determined at the end of the day and that is the price you get and is when the trade takes place.
    Well, actually, you have until noon EST to make an IFT that takes place close of business THAT SAME DAY.

    IF, however, you miss the noon deadline, THEN the IFT will be effective the next trading day.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  9. #5

    Default Re: IFT/ 2 day process

    correct
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
    Past Returns:
    2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%

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  11. #6

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    Default Re: IFT/ 2 day process

    Quote Originally Posted by userque View Post
    Well, actually, you have until noon EST to make an IFT that takes place close of business THAT SAME DAY.

    IF, however, you miss the noon deadline, THEN the IFT will be effective the next trading day.
    Correction...that's close of business the next trading day for IFT's submitted after 12:00 noon...
    "the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark

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  13. #7

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    Default Re: IFT/ 2 day process

    Quote Originally Posted by Cactus View Post
    correct
    BTW...

    Looked through older Alternative LMBF forum posts (to figure out what LMBF-SIM means)....

    Nice work with the spreadsheets
    Last edited by userque; 05-01-2014 at 12:07 PM. Reason: corrected tense
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  15. #8

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    Default Re: IFT/ 2 day process

    Quote Originally Posted by userque View Post
    Well, actually, you have until noon EST to make an IFT that takes place close of business THAT SAME DAY.

    IF, however, you miss the noon deadline, THEN the IFT will be effective the next trading day.
    Quote Originally Posted by ravensfan View Post
    Correction...that's close of business the next trading day for IFT's submitted after 12:00 noon...
    LOL...Yeah...what he said.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  17. #9

    Default Re: IFT/ 2 day process

    From Hawaii I'm trying to decided on Sunday night if I want to submit my IFT to get into the market for Tuesday and on Wednesday night I'm making the decision to get out for the weekend. 2014 is definently not like 2013.


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  19. #10

    Default Re: IFT/ 2 day process

    Quote Originally Posted by userque View Post
    BTW...

    Looked through older Alternative LMBF forum posts (to figure out what LMBF-SIM means)....

    Nice work with the spreadsheets
    LMBF-SIM is LMBF-1 seasonally variant to be in the F Fund May - Oct.
    100% G Fund COB 13 March 2020

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  21. #11

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    Default Re: IFT/ 2 day process

    Quote Originally Posted by ILoveTDs View Post
    LMBF-SIM is LMBF-1 seasonally variant to be in the F Fund May - Oct.
    Thanks, I read where you guys were talking about it. We'll see if the sell in May thing holds true this year.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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