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Thread: 1 More IFT

  1. #1

    Default 1 More IFT

    Should we start a campaign in 2013 asking for 1 more IFT per month?

    That would allow us to buy and sell twice (with the free G fund move) each month. One buy / 1 sell each month is so unforgiving, but if we get 2 chances to buy I think it will make a big difference in our account management, without adding too many overall IFT's to the TSP system.

    It would probably add several hundred to a couple of thousand IFT's to the entire TSP processing each month. Considering there are millions of TSP participants, it would be a drop in the bucket, but it would be significant for to the individual accounts who are paying attention. I know it would take me less than an hour to program something like this change to the AutoTracker so it's just a matter of getting them to agree.

    Who's in?
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.


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  3. #2

    Join Date
    Nov 2012
    Location
    Near Washington, DC
    Posts
    195

    Default Re: 1 More IFT

    Count me in. As it is, unless it would benefit to move between non-G funds, your second move is wasted since it is back to the G anyway.

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  5. #3
    Weather's Avatar
    Weather Guest
    AutoTracker

    Default Re: 1 More IFT

    I'm all in for another monthly IFT. My question is: Why are TSP participants restricted to 2 IFT/month? Is it because processing an IFT is labor intensive or is a an issue with fund stability (too much money moving between funds creates instability)?

  6.  
  7. #4

    Join Date
    Jan 2010
    Location
    Redding, CA
    Posts
    1,445

    Default Re: 1 More IFT

    I'm all for it. And, get rid of the terrible 4 hr lag time.

    Nsurf9 is really looking deep into working with DC folks about making changes...NSurf9 Account Talk

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  9. #5

    Join Date
    Jun 2004
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    Boiled Peanut, Georgia, USA
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    Default Re: 1 More IFT

    I remember when we had 1 IFT a month, telephone or FAX.



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  11. #6

    Default Re: 1 More IFT

    I'm in. That's a no brainer.
    CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017

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  13. #7

    Join Date
    Jan 2010
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    Default Re: 1 More IFT

    And the lag time was a minimum of 15 days!

    I remember that I bailed to the G fund at the end of August 2001 (made the move prior to Aug 16) because of the old rule of thumb about avoiding Sept. Then 9/11 happened. If you wanted to be back in the market Oct 1 you had to make your move by Sept 15, and the markets were still closed if I remember correctly. And yes, if you wanted to go high tech you used a phone or fax, which was a big improvement over submitting paper forms just a few years prior.

  14.  
  15. #8

    Join Date
    Jun 2004
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    Boiled Peanut, Georgia, USA
    Posts
    76,391

    Default Re: 1 More IFT

    Quote Originally Posted by MrBowl View Post
    And the lag time was a minimum of 15 days!

    I remember that I bailed to the G fund at the end of August 2001 (made the move prior to Aug 16) because of the old rule of thumb about avoiding Sept. Then 9/11 happened. If you wanted to be back in the market Oct 1 you had to make your move by Sept 15, and the markets were still closed if I remember correctly. And yes, if you wanted to go high tech you used a phone or fax, which was a big improvement over submitting paper forms just a few years prior.
    Yep I lost 12 Grand at that time because of those rules and my stupidity!



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  17. #9

    Join Date
    Feb 2007
    Location
    San Diego, CA
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    6,999

    Default Re: 1 More IFT

    I'm in, and if they buy into 1 more per year, it would make a great retirement gift!

    Oh my...that is one awesome avatar MrBowl!!!!!!!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
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  19. #10

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
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    6,960

    Default Re: 1 More IFT

    I'm in, but certainly not counting on the like of the TSP board to play along.
    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.

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  21. #11

    Join Date
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    Washington
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  23. #12

    Default Re: 1 More IFT

    Quote Originally Posted by Weather View Post
    I'm all in for another monthly IFT. My question is: Why are TSP participants restricted to 2 IFT/month? Is it because processing an IFT is labor intensive or is a an issue with fund stability (too much money moving between funds creates instability)?
    The Ebbchart system used to trade a couple of times a week and after some impressive success he had a huge following. It caught the attention of the TSP folks who claimed the nearly daily trades were increasing costs, but we knew otherwise (for reasons I won't go into here).

    You can read a lot about what was going on back then (late 2007 / early 2008) and it was quite controversial. They did not like us very much....

    http://www.tsptalk.com/mb/tsp-transfer-limits/
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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