TSP board to limit interfund transfers

**FUTURESTRADER** · 11-19-2007, 09:37 PM

Originally Posted by jlpost

$2,000,000,000/3,000 = $666,666 not $66,000

right...sorry...that does seem a bit of stretch then.

**TRAFFIC_DOG** · 11-19-2007, 09:47 PM

I say "NO RESTRICTION WITHOUT REPRESENTATION!"

How about this question...

What part of that expense increase is DIRECTLY ATTRIBUTABLE to the arrival and management of THE L-FUNDS ??????

I'm actively trading now simply to make up for the the Thrift Board's PERNICIOUS MALFEASANCE in the administering of the TSP in the years running up to the final arrival of daily valuations !!!!!!!!!!!!!!!!!

....submission by the 15'th for execution on the 30'th.......PALEEEASE!

**Tempest** · 11-19-2007, 09:47 PM

Wait till 60 Minutes does a segment on TSP.

"Want to know which is one of the fastest growing retirement accounts in the country and is absolutely safe bet according to fund managers we talked to?
"Want to know where you pay no transaction fees for transfers?"
"The answer to those questions may surprise you..?
tick... tick.... tick... I'm Steve Kroft... I'm Leslie Stahl....

**Talltimber** · 11-19-2007, 09:48 PM

Originally Posted by tsptalk

I know some have disagreed, but I keep saying they should charge a small fee per transaction. Don't tie our hands behind our backs. Charge a fee and let us do what we do.

The amounts they are talking about are such a miniscule percentage but they are using the dollar figures to make it look shocking. Fees went from 2.2 million to 15 million? How much has the total TSP balance grown in that time?

2.2-15 million for 3.8 million people is from $0.57 to the astronomical sum of $3.95 dollars per year for each customer, or a huge sum of over a penny a day per account.

They could save a lot of money in postage if they didn't send snail mail for every transaction.

Perhaps a graduated fee, 2 free trades a month, $2 each for the next 5, $4 each for the next 5, etc.. Pay to play.

Who chooses the board members?

**Frixxxx** · 11-19-2007, 09:51 PM

Originally Posted by Talltimber

They could save a lot of money in postage if they didn't send snail mail for every transaction.

Perhaps a graduated fee, 2 free trades a month, $2 each for the next 5, $4 each for the next 5, etc.. Pay to play.

Who chooses the board members?

I agree on the postage....I get everything on-line...no postage necessary.

TSPTALK

TOM FOR PRESIDENT OF TSP BOARD!

**Dr Faustus** · 11-19-2007, 09:59 PM

If we don't have that option ... are you suggesting that we just go 100% C fund?

**budnipper1** · 11-19-2007, 10:01 PM

Originally Posted by Talltimber

They could save a lot of money in postage if they didn't send snail mail for every transaction.

I don't receive anything by "snail" mail on regular routine transactions, do you? Maybe I opted out for that and just don't remember. I get monthly, or quarterly statements (not sure which) even though I thought I also opted out of that, too. Online access is all I really need to keep track of my account activity.

I'm wondering, what magic number have they determined to be an "excessive" trading frequency. Twice a month? Twice a week?

**Frixxxx** · 11-19-2007, 10:03 PM

Originally Posted by budnipper1;132860
[B

I don't receive anything by "snail" mail on regular routine transactions, do you? Maybe I opted out for that and just don't remember. I get monthly, or quarterly statements (not sure which) even though I thought I also opted out of that, too. Online access is all I really need to keep track of my account activity. [/B]

I'm wondering, what magic number have they determined to be an "excessive" trading frequency. Twice a month? Twice a week?

If you place an e-mail address in the boxess for notification.....no letter is sent. I got one by accident when I was rushing a trade.

**budnipper1** · 11-19-2007, 10:12 PM

Two threads with almost the same title are confusing and unnecessary. (MHO) Could they be merged into one?

TSP board to limit interfund transfers
http://www.tsptalk.com/mb/showthread.php?t=5143

TSP board limits frequent fund transfers
http://www.tsptalk.com/mb/showthread.php?t=5144

**Talltimber** · 11-19-2007, 10:26 PM

The board would prefer to take the easy way out, setting up a way to charge fees would take some actual work.

**TRAFFIC_DOG** · 11-19-2007, 10:34 PM

Originally Posted by Talltimber

The board would prefer to take the easy way out, setting up a way to charge fees would take some actual work.

BINGO!

**jlpost** · 11-19-2007, 10:38 PM

Just running some numbers here-

The board chairman is saying these 3000 participants cost $12.8 million in transfer fees? Thats $4267 average cost in trades per each of these 3000 participants.

If there were 250 trading days a year, and each of these 3000 participants traded eary day, the cost per trade would have to have been $17 each to total $12.8million.

If they each traded every other day the cost per trade would have to have been $34 to come up with a figure of $12.8million.

The other 3.8 million participants cost $2200000. $2.2m divided by the $17 trade cost means these 3.8 million participants did 129412 trades. Thats an average of .034 trades per year. Thats one trade per 3 years on average.

If we use the $34 cost per trade figure, then the 3.8 million participants did 64706 trades. Thats one trade per 6 years on average.

What about all the daily L fund rebalance trades?

That what the numbers seem to say. Believe them?