Safetyguy
09-15-2004, 08:39 PM
I'm new here but glad to see that some people are upsetthat the TSP offices are closed for Ivan. My question is why don't they have a mirror site? Most of our agencies have a site near DC and a mirror site on the West Coast. It seems irresponsible for TSP not to follow standard gov't (and dare I say - normal business) practice in this matter.
With that in mind -- if "they" promise the ability to do daily transactions (the question is is it a right or a privilege), "they" shut things down for a week or more (albeit for a legitimate reason like Ivan), do "they" have any liability forTSPparticipants not being able to transfer between funds? Maybe this is the basis of a class action suit -- the lack ofTSP's management responsibility to follow acceptable business practice and to have a mirror site(s) for transactions. TSP is not a rinky dink Yahoo store -- it is big bucks for them and us.
Right now I am 70 G and 10 in each of the three stock funds (which I switched on Monday from 50 C 20 S 30 I) so I am not too worried about capital preservation at this point. I was hoping to move back fully in the C S I funds later this week when the prices drop (like it did a bit today). So my loss may be the ability to catchthe bounce upward.
With that in mind -- if "they" promise the ability to do daily transactions (the question is is it a right or a privilege), "they" shut things down for a week or more (albeit for a legitimate reason like Ivan), do "they" have any liability forTSPparticipants not being able to transfer between funds? Maybe this is the basis of a class action suit -- the lack ofTSP's management responsibility to follow acceptable business practice and to have a mirror site(s) for transactions. TSP is not a rinky dink Yahoo store -- it is big bucks for them and us.
Right now I am 70 G and 10 in each of the three stock funds (which I switched on Monday from 50 C 20 S 30 I) so I am not too worried about capital preservation at this point. I was hoping to move back fully in the C S I funds later this week when the prices drop (like it did a bit today). So my loss may be the ability to catchthe bounce upward.