Re: nasa1974's Account Talk
Originally Posted by
nasa1974
This is from Govexec.com
Feds Might be Getting Too Bullish with Retirement Savings - Pay & Benefits - GovExec.com
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Feds Might be Getting Too Bullish with Retirement Savings
By Eric Katz 1:54 PM ET
"Federal employees are beginning to “chase” recent market upticks in a manner similar to the period before the 2008 financial collapse, Thrift Savings Plan officials warned Monday.
Just 38 percent of total TSP assets are invested in the government securities (G) fund, members of the Federal Retirement Thrift Investment Board said at a monthly board meeting, marking the lowest level since February 2008. The G Fund, which invests in U.S. Treasury bonds, is the TSP’s safest offering.
“Usually this is a good thing,” said Renee Wilder, the board’s director of enterprise planning, “but I think participants are chasing the market.”....."
Folks you have to read this to see that the FRTIB has no clue.
Incredible. Renee should be fired.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
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