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Thread: Successful Fed.Employee-7 figure club?

  1. Default Successful Fed.Employee-7 figure club?

    Greetings TSPTalk and community,

    I go by Seiko141 on this forum. I am a retired Fed. I took an early out in 2016 and did not look back. I retire with just over 7 figures in my TSP account. I withdrew 150K to pay off my mortgage when I decided to retire. I have always been a buy and hold, conservative investor. Seldom did a make more than the allotted two trades per month. I also believed that no one will take better care of my investments than me. I feel I have done well. Please don't misunderstand me...I did not make great moves all the time. I did lose but, I learned a lot about the market along my 27 year career. I did have time in the military, 3 years. that had a good impact on my retirement numbers. So, I would like to engage with other folks in the 7 figure club. I know you are out there and I hope, collectively we can discuss market trends and share those ideas on the forum. I am a boomer so I will be the first to admit I'm not a tech whiz, but I do read a lot. I tend to focus on fundamentals I have learned and follow old trends like "Sell in May and go away!" But that move is made on trends...not flash news. Anyone interested?
    Seiko141


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  3. #2

    Join Date
    Aug 2011
    Location
    Mississippi
    Posts
    298

    Default Re: Successful Fed.Employee-7 figure club?

    I will never be in the 7-figure club unless I win the Mississippi lotto.
    Scott Harrison
    Senatobia, MS

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  5. #3

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,065

    Default Re: Successful Fed.Employee-7 figure club?

    Congrats & welcome to the Forum Seiko141

    Not in the TSP 7 figure club, but there is still hope, but it may be awhile. I also did a partial rollover from TSP after VERA/VSIP early retirement in 2016. If you withdrew $150K, are you still in the club?

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  7. #4

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    10,394

    Default Re: Successful Fed.Employee-7 figure club?

    Seiko141,

    Welcome aboard. Congrats on your retirement and successful TSP account.
    May the force be with us.

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  9. Default Re: Successful Fed.Employee-7 figure club?

    Greetings fellow Feds. I hope this note finds well and comfortable. I'm sure you are making a little in the market right now. I am thinking this is going to be an exceptional period for steady growth...I am thinking long term. Look out at least a year from now. Let's pretend I have a million in the TSP. If I am split 50-50 in C and S funds, and I am garnering 1-4% per month, I can see at least a 10% growth over the next year and maybe beyond. Thoughts?

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  11. #6

    Join Date
    Sep 2006
    Location
    Upstate NY
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    Default Re: Successful Fed.Employee-7 figure club?

    Quote Originally Posted by Seiko141 View Post
    I can see at least a 10% growth over the next year and maybe beyond. Thoughts?
    I usually assume a 4-6% yearly return until I die and that's with a balanced portfolio spread across multiple accounts. My goals will be reached even with very conservative returns and intentionally low-balled return assumptions over the coming years.

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  13. Default Re: Successful Fed.Employee-7 figure club?

    This is a good conservative perspective. Based on how the pandemic affected the market, I think it's going to be a bit more aggressive until we reach 34,000 in the DOW. Then I will need to see what's happening in the world. Including the political posturing and global response, I think US markets are going to stay strong.

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  15. Default Re: Successful Fed.Employee-7 figure club?

    When I made the withdrawal I dipped out of the club. However, I have recovered. I am still working the C,S, and I funds.

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  17. Default Re: Successful Fed.Employee-7 figure club?

    Greetings fellow Feds. I am getting the good willies with the way the market is trending. While I was working, as an election neared, I was always a little skittish. This time however, I think the current trend will be to keep the markets moving in an upward fashion. This will be a major campaign focus for the foreseeable future. Both parties will see the benefits of a positive trending economic base and want to use this as a platform for success. We may experience few ups and downs but the overall trend for the next year will be up. I am thinking the C,S, and I funds will all show at least a 10% gain (if not more) over the next year. We will come out of the Covid crisis (as a matter of fact we are experiencing the evolution of pandemic panic right now...it will subside as the crisis runs its course.) I think we need to be patient and think long term (as is a year). If we look at our historical evidence from past market crisis, we see pretty consistent positive (long term) trends. Some recoveries were slow but many are emulating the current charts. If you are a working Fed, I hope you are depositing as much as you can (10% ( plus the Gov. 5%)). into your TSP portfolio. It will only enhance your retirement picture. More to come...Seiko141


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