TSP board to limit interfund transfers

**Miss Piggy** · 11-19-2007, 11:25 PM

Three Issues here as I see it.

This is another trash the middle-class movement. When the national trend is to totally eliminate pensions, force people into mandatory 401k savings, and with talk about eliminating Social Security looming, the government is simultaneously tying the hands of those effected, the middle-class, to manage their monies.

Who said Bush wasn’t talented? Bush added 3 new positions to manage the TSP at the beginning of his Presidency – they have successfully done his bidding.

Perhaps Lou Dobbs can help us.

**Birchtree** · 11-19-2007, 11:32 PM

Your TSP account was designed as a fiduciary account. That means the many need to be protected from their own undoing. Making only two trades a month is plenty to make extra money - there is plenty of time to trade over a 12 month period.

**Miss Piggy** · 11-19-2007, 11:46 PM

Originally Posted by Birchtree

Your TSP account was designed as a fiduciary account. That means the many need to be protected from their own undoing. Making only two trades a month is plenty to make extra money - there is plenty of time to trade over a 12 month period.

We got you now Birch! You work for them, don't you?

**McDuck** · 11-19-2007, 11:55 PM

Originally Posted by Miss Piggy

Three Issues here as I see it.

This is another trash the middle-class movement. When the national trend is to totally eliminate pensions, force people into mandatory 401k savings, and with talk about eliminating Social Security looming, the government is simultaneously tying the hands of those effected, the middle-class, to manage their monies.

Who said Bush wasn’t talented? Bush added 3 new positions to manage the TSP at the beginning of his Presidency – they have successfully done his bidding.

Perhaps Lou Dobbs can help us.

This is the most insightful post that I have read here in a long time.

**nnuut** · 11-19-2007, 11:56 PM

Originally Posted by easting

Crass action deserves class action.

Who's in?....I'm calling EAP for my free legal advice...wooT!

I'm with Ya!!

**McDuck** · 11-19-2007, 11:56 PM

The unions that represent federal employees should fight this.

I have emailed my local president.

**nnuut** · 11-19-2007, 11:57 PM

Originally Posted by Oldcoin

I would pay per trade if I got the benefits the same as I get from my regular broker.

1. 100 free trades a year.
2. No noon cut off.
3. Trades occur when ordered, not at days end.
4. I can put a price on the fund to trade at.

After all we’re paying for it.

Now Yer talkin'!!

**poolman** · 11-20-2007, 12:05 AM

I have not had time to read this entire thread but I get the jest of it. I worked 11 hour's today outside 45 degree's working on a pool paver job.

My immediate response would be, Charge a "fee or penalty" for anyone making over 2 trades per month if that is what they want to limit us too.

It's my money let me do with it what I want. I would be willing to pay 10 or 15 bucks for a trade or charge me a penalty.

This is more Bull Shxt...

**poolman** · 11-20-2007, 12:06 AM

I have not had time to read this entire thread but I get the jest of it. I worked 11 hour's today outside 45 degree's working on a pool paver job.

My immediate response would be, Charge a "fee or penalty" for anyone making over 2 trades per month if that is what they want to limit us too.

It's my money let me do with it what I want. I would be willing to pay 10 or 15 bucks for a trade or charge me a penalty.

This is more Bull Shxt...

**Birchtree** · 11-20-2007, 12:07 AM

They are just trying to maintain parity with private industry. No organization should be exempt - trading mutual funds is taboo, especially in a fiduciary type account. I have rules to follow when I do trading in the Mrs. FRS account affiliated with the State of Florida - it's no big deal to someone that is future oriented with an expanded time horizon. I had planned to start trading in the spring on a limited basis and these caps fit nicely. So I will not be complaining, sorry folks.

**ou81200** · 11-20-2007, 12:11 AM

Tom---

There is nothing about this mess on the TSP goverment web site that I can see. Is this an oversite on my part or do you think they just hav'nt posted anything yet?

**Bullitt** · 11-20-2007, 12:15 AM

So.... you're pushing for the TSP to move towards ETF's and away from Index Funds since you'd like Limit/Stop Orders to occur when ordered.

Has anyone considered that Barclay's is making an attempt to cut costs associated with trading after the huge subprime writedown that they initially denied came to fruition on 11/15? Besides, Barclays must make some money off the TSP funds they manage as they most likely lend out the money to other brokers and managers.