TSP board to limit interfund transfers

**Talltimber** · 11-20-2007, 02:58 AM

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.

Extra money!? You have extra money? Wow.

**Cortez** · 11-20-2007, 03:07 AM

Originally Posted by FUTURESTRADER

well..I was planning on maxing out a loan and dumping it into selling s&p options anyway...3.5% a month the past 6 months, and don't worry about it every day. Thank you TSP board

I have been seriously considering selling credit spreads using TSP funds. What are the conditions to get a TSP loan?

**Miss Piggy** · 11-20-2007, 03:11 AM

Are we under attack? Have we been infiltrated?
I don't think enough of the "right" people got enough of our losses in the last couple of weeks.

**Show-me** · 11-20-2007, 03:15 AM

Originally Posted by Cortez

I have been seriously considering selling credit spreads using TSP funds. What are the conditions to get a TSP loan?

It is done on-line, $50 fee, up to $10k personal loan depending on account balance of course.

Off topic, bad Moderator!

**James48843** · 11-20-2007, 03:52 AM

Here is the full link to read the fedsmith article:

http://www.fedsmith.com/articles/art...ArticleID=1428

**James48843** · 11-20-2007, 04:05 AM

And here is the link to the report from the Board:

http://www.fedsmith.com/articles/ref...entTrading.pdf

Read it.

I'm going to try and put both the article and the Board paper on a sticky note here in this thread.

**fedgolfer** · 11-20-2007, 04:28 AM

what a bunch of idiots. Vanguard doesn't let you buy back into the fund for 60 days, but then you have 60 other funds to chose from. Most large investment firms do... you can just hop from money market to mutual fund w/out waiting for trade settlement. That's an awful point of comparison!

**fabijo** · 11-20-2007, 04:39 AM

Originally Posted by James48843

And here is the link to the report from the Board:

http://www.fedsmith.com/articles/ref...entTrading.pdf

Read it.

I'm going to try and put both the article and the Board paper on a sticky note here in this thread.

Thanks for the info, James. It looks like the recommendation to trade twice a month is something they are prepared to do until they find another solution. I'll be watching out for this. This is really going to hurt the premium services here, huh?

**James48843** · 11-20-2007, 04:40 AM

We need to ORGANIZE!

When the French government tries to screw the middle class, the middle class fights back. We need a March on Washington!

A TSPTALK MARCH ON WASHINGTON- DON"T SCREW WITH THE TSP!

THE GOVERNMENT OF THE PEOPLE, BY THE PEOPLE, FOR THE PEOPLE

SHALL NOT PERISH FROM THE EARTH!

O-R-G-A-N-I-Z-E!

**James48843** · 11-20-2007, 04:41 AM

Do Not Accept This Blindly.

Fight Back!

**fabijo** · 11-20-2007, 04:51 AM

According to this, from the September meeting minutes, each fund's expenses year-to-date (September), were .01% - exactly the same as the L Funds:

http://www.frtib.gov/FOIA/MM-2007Sep-Att1.pdf

Look at the table on the bottom of the first page.

**Talltimber** · 11-20-2007, 05:24 AM

Barclay's handle our I fund no? They didn't list any restriction on their public funds in the memo, how come they want to limit our trades?

When is the next Board meeting? It would be fun to return the letter to them in person, and let them know what we think. That would save a stamp and all.

http://www.frtib.gov/index.htmll

http://www.frtib.gov/FOIA/index.html

These clowns seem to be hiding from their customers.