Thread: TSP board to limit interfund transfers

Hey CG, James,
Agree with both of you. Keep fighting the good fight!
Something else to consider: Many of us are "locked out" (in G) for the remainder of the month, due to the "IFT limit Rule." In recent past ( before the IFT limit "Rule was imposed ) many of us I expect would now be starting to dca -buying into stocks, small amount each day - via IFT.
By such 401k "Rules" they are effectively BLOCKING/PREVENTING potential buyers.
My point is: maybe changing these rules, all combined, might help turn the crisis? I seem to recall the TSP Board had said that other 401k plans also have similar tight IFT restrictions. IMO, maxing our bi-weekly contributions now is probably good to do (helping us) - but having such tight limits on IFTs, isn't likely helpful to the larger market/crisis.
VR

Speaking of Andrew Saul-

You remember the head of the Thrift Board that was also running for Congress, at the same time he was receiving money as a federal employee on the Thrift Board (Can you say Hatch Act)?

That same Andrew M. Saul, who , after we posted here on TSPTALK, the problem with running for Congress (HATCH ACT) and continuing to be on the Thrift Board, decided to WITHDRAW from the race in November 2007?

Well, it turns out he may have made a public statement saying that he was withdrawing from the Congressional Race, but it turns out, that according to the Federal Elections Commission, he didn't actually cease his campaign committee until APRIL of 2008. AFTER MAKING DECISIONS TO LIMIT TSP CONTRIBUTIONS.

While at the same time, continuing to solicit and expend Campaign Contributions.

In fact, his campaign collected some $1.4 MILLION dollars, and continued to spend money well into April 2008.

How about them apples?

Source: http://www.fec.gov then search the campaign filings of Andrew M. Saul.

Donors to Saul:
http://query.nictusa.com/cgi-bin/com_ind/C00434167/

Originally Posted by hessian

Something else to consider: Many of us are "locked out" (in G) for the remainder of the month, due to the "IFT limit Rule." By such 401k "Rules" they are effectively BLOCKING/PREVENTING potential buyers. ...but having such tight limits on IFTs, isn't likely helpful to the larger market/crisis.

Sounds "Criminal." Does the SEC monitor this site? Unhealthy Manipulation of the markets?

Is there any litigation yet attempted against these limits?

gc

Originally Posted by James48843

Speaking of Andrew Saul-

You remember the head of the Thrift Board that was also running for Congress, at the same time he was receiving money as a federal employee on the Thrift Board (Can you say Hatch Act)?

That same Andrew M. Saul, who , after we posted here on TSPTALK, the problem with running for Congress (HATCH ACT) and continuing to be on the Thrift Board, decided to WITHDRAW from the race in November 2007?

Well, it turns out he may have made a public statement saying that he was withdrawing from the Congressional Race, but it turns out, that according to the Federal Elections Commission, he didn't actually cease his campaign committee until APRIL of 2008. AFTER MAKING DECISIONS TO LIMIT TSP CONTRIBUTIONS.

While at the same time, continuing to solicit and expend Campaign Contributions.

In fact, his campaign collected some $1.4 MILLION dollars, and continued to spend money well into April 2008.

How about them apples?

Source: http://www.fec.gov then search the campaign filings of Andrew M. Saul.

Donors to Saul:
http://query.nictusa.com/cgi-bin/com_ind/C00434167/

Get on them again Bulldog (without Lipstick), bite a little deeper but don't let go, how can I help?!!!!!

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Quick question, I seem to remember some of our members making IFTs of less than 1% which made it under the radar even if you had used your two IFTs for the month. Is it a total of all IFTs made for the day(say .9%) or can you make .9% per fund? i.e. .9% to C and .9% to S and I funds also?

Also, could you do it every day without being blocked?

Originally Posted by Scout333

Quick question, I seem to remember some of our members making IFTs of less than 1% which made it under the radar even if you had used your two IFTs for the month. Is it a total of all IFTs made for the day(say .9%) or can you make .9% per fund? i.e. .9% to C and .9% to S and I funds also?

Also, could you do it every day without being blocked?

You will have to round up or down to the nearest even percent when you IFT.

Originally Posted by Scout333

Quick question, I seem to remember some of our members making IFTs of less than 1% which made it under the radar even if you had used your two IFTs for the month. Is it a total of all IFTs made for the day(say .9%) or can you make .9% per fund? i.e. .9% to C and .9% to S and I funds also?

Also, could you do it every day without being blocked?

See Squalebear account talk. He's the guru on that strategy.

CB

Note:

Fedsmith today has Tracey Ray's comeback to the fact that trading costs have soared since the limits have been put in. Ray cherry picked the data, and made a case that costs have not gone up.

Of course she cherry picks the data.

http://fedsmith.com

Fedsmith article:


"Ms. Ray says that the TSP cannot control the actual cost per share to execute a trade. The costs for a trade are different depending on a variety of factors but the largest is market impact. Some days these costs are negative and other days these costs are positive. Some people have apparently interpreted the restrictions as a control on these trading expenses.


In reality, the IFT restrictions only serve to minimize the dollar volume of trading among the TSP funds. Generally, the costs will be lower when the dollar volume of the trades go down. Probably because of the IFT restrictions, the dollar volume of trades in the TSP has gone down from $41 billion through September 2007 to $28 billion through September 2008. Here is a chart displaying the trading volume for the same time period for 2007 and 2008. (We picked the end of September for comparison as this is the latest complete month at the time of this writing.)

Originally Posted by Scout333

Quick question, I seem to remember some of our members making IFTs of less than 1% which made it under the radar even if you had used your two IFTs for the month. Is it a total of all IFTs made for the day(say .9%) or can you make .9% per fund? i.e. .9% to C and .9% to S and I funds also?

Also, could you do it every day without being blocked?

Scout, what ever the Fund, it can be raised up to the next whole number.
If all your funds ended in,,,,say,,,,12.03% you can raise all of them to 13%.
If you had your money in the (C)(S)(I)(F), then thats 4 funds x 0.97% or
3.88%. You actualy moved 3.88% out of the (G).

If you made a <1% IFT today, the percentages you asked for can be seen
tomorrow. However, you won't see partial percentages because they did
what you asked, after the market closed, so you'll only see whole numbers
which represent your IFT.

With that said, you have two choices on the day after your <1% IFT.
#1- Wait a additional day to see how your percentages have changed.
#2- Do another IFT. But utilize the same percentages that you did the
day before. If a fund goes down, your automatically adding shares to
that find. If the market goes up. Your taking some shares off the table.
If the funds end up mixed, you'll add shares to some funds, while taking
shares away in another.

I don't want to tie up this thread with a lengthy off-topic explanation.
I'm sure this will be confusing without additional information. Stop by
my thread and I will answer any additional questions you have.