Thread: Exnavyew's Account Talk

More TSP options coming in mid-2022?

https://www.fedweek.com/fedweek/tsp-...ainable-funds/

Originally Posted by exnavyew

More TSP options coming in mid-2022?

https://www.fedweek.com/fedweek/tsp-...ainable-funds/

OK, Great. TSP will offer some new options once their new software program is up and running in 2022. Oh! Wait maybe 2023, no make that 2024. Well sometime in the near future.
Not holding my breath and I will be out of TSP by then.
But if they do have some options in 2022 what kind of restrictions will be on us? Only 2 a month? make your choice before noon eastern time?
Or will they open it up like other financial institutions? Yeah right!!!

TSP news:

https://www.fedweek.com/retirement-f...gs-considered/

TSP can offer environmental/social “responsibility” funds..... to potentially thousands of outside funds from mutual fund companies and other financial companies. Environmental/social responsibility funds will be among those, but only as one new option out of many.

Have to keep cancel culture happy these days.

I'll stick with a total market that includes all those evil corporate villains and companies that choose their boards according to ability to do the job, not by gender standards. ESG is nothing but a money grab for investment funds since it gives them a chance to collect higher fees in an era where fees are diminishing.

Lioui and his fellow academics also noted that the accumulated alpha, or outperformance, for the environmental and social aspects of ESG was above 1 percentage point per year, which supported claims that companies can do well by doing good. “However, we identify a downward sloping pattern in this outperformance,” according to a the recent research paper.

“It should not be a surprise if, in the long term, ESG investing does come at some cost to investors,” Greg Davies, head of behavioural science at Oxford Risk, told the Financial Times.

https://www.nasdaq.com/articles/rese...ime-2021-07-09

I want to be able to invest in the total world market. Keep the politics out of our investment options.

FWIW:

Watch for a sell-off in August, historically an ugly month for investors

https://www.yahoo.com/news/watch-sel...114819783.html

Originally Posted by exnavyew

FWIW:

Watch for a sell-off in August, historically an ugly month for investors

https://www.yahoo.com/news/watch-sel...114819783.html

I’d only note that this year is unlike any other year in my lifetime. The demand for goods and services is still strong, and still on the upswing. Unlike some years where August slacked off because inventories were already high. This year- inventories of just about everything are low and need to grow, and I expect that to mean at least the next six months will be strong.

So be careful when you bet that August is going to be like a typical August. This time around, it’s a lot more unknown that usual.


Sent from my iPhone using TSP Talk Forums

Unemployment rate headed to a 50-year low: Goldman Sachs

https://finance.yahoo.com/news/unemp...rc=fp_deeplink

FWIW:

The S&P 500 hasn’t fallen by at least 5% in nearly 200 sessions — Here’s what history says happens next

https://www.marketwatch.com/story/th...?mod=home-page

Originally Posted by exnavyew

FWIW:

The S&P 500 hasn’t fallen by at least 5% in nearly 200 sessions — Here’s what history says happens next


https://www.marketwatch.com/story/th...?mod=home-page

This is a weird quote from the article to me: "It is extremely rare for the market to enjoy such a period of relative effervescence. Indeed, such lengthy stretches without a 5% pullback or better have occurred on only eight occasions in the S&P 500 index, the attached table shows." The table shows that half of those stretches lasted almost twice this long (386 days, 370 days, 394 days and 404 days) with two of those in the last six years. The most recent one lasted almost two years (June 2016 to Feb 2018) so I don't see this 200 mark as a particularly significant milestone. In fact, one might argue that 7 out of 8 times when it went 200 days in a row, it kept going for at least 50 more days!

At least that is what I am hoping (100% C today). Best of luck to all!

FWIW:
Morgan Stanley’s Slimmon Says Buy Reopening Before Too Late

https://www.yahoo.com/finance/news/m...205520106.html