TSP Talk Weekly Wrap Up - The Fight for April's Best
by
, 04-28-2024 at 02:49 PM (1397 Views)
The market turned and favored the stockholders this last week. All three TSP stock funds were up more than 2% for the week with the S-fund reaching a return of 2.92%. Three TSP Talk AutoTracker members outperformed the S-fund in the week, and they all had one thing in common: They started the week holding the S or I-fund and moved to 100% C-fund mid-week.
Both the I-fund and the S-fund outperformed the C-fund early in the week. But starting Wednesday, the C-fund began to catch up when it ended the day flat while the S and I-fund took modest losses.
Here are this week’s top three returns and the IFTs they used to get that title:
Top Performers:
flyer_one: 3.17%
Moved from 100% S-fund to 100% C-fund on 4/25
les2l8: 3.17%
Moved from 35% C and 65% S-fund to 100% C-fund on 4/23
tmsas: 3.02%
Moved from 100% I-fund to 100% C-fund on 4/23
The gains for the week were put together on Monday, Tuesday, and Friday. Thursday’s action started with declines greater than 1% across the indices, but buyers showed up pushing prices higher and the TSP funds were left with modest losses of approximately 0.5%.
The follow-through gains on Friday were a good sign for the market and may attract more investors on the sidelines to do some buying.
Here are the weekly, monthly, and annual TSP fund returns for the week ending April 26:
There are only two days left in April and the race for best return for April is tight in the TSP Talk AutoTracker. Two members are tied in first place each with returns of 3.07% for the month while currently holding 100% S-fund. Those members are Johnny and cowboyaug4. Johnny currently holds the best return for 2024 as well.
These two are not alone at the top. Other members are still able to take the top return for the month. Felixthecat is one of them carrying an April return of 3.03% while holding 50% C and 50% S-fund. Almost any outperformance by the C-fund over the S-fund over the next two days will push felixthecat to the top to win the April title and top prize.
By the way, The TSP Talk Plus System's return is currently in the top 5 for the year.
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Good luck and thanks for reading! We will be back here next week with another TSP Talk Wrap Up. You can read our daily market commentary at TSP Talk - Market Commentary. If you need some help deciding what to do with your account, perhaps one of our premium services can help.
Thomas Crowley
(TommyIV)
www.tsptalk.com
Weekly Wrap-Ups Archive
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The legal stuff: This information is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this data. Do not buy, sell or trade the funds mentioned herein based on this information. We may trade these funds differently than discussed above. We use additional methods and strategies to determine fund positions.