Thread: nasa1974's Account Talk

Here is the link to the FRTIB's April meeting minutes. The discuss in length the Roth IRA and a Mutual Fund source. Enjoy!

http://www.frtib.gov/pdf/minutes/2009Apr.pdf

OK!! The market is teasing me again. I need less than a 2.5% gain to reach my 2008 ending balance. Sure would like to see June give me one more month in the green. Historically, July has been very negative and I do not think I would like to ride that train. Good luck to everyone today.

Reading some of the other accounts that I trust and respect. It seems that there is one underlying fact and that is "MARKET CUNFUSION". What I mean by that is that no one seems to be able to read what or how the market is going to react. Back when I joined this thread you could follow the charts and whatever helped show what direction the market would go. It wasn't perfect but the odds were in your favor. NOW it is impossible. The market just doesn't react the way that you would think it should. Good News and the market might tank. Bad News and the market might gain 3%. Is FRIXXX close to being right and the market is really being manipulated. Just amoe thoughts. Good Luck to everyone today and lets hope you guessed right. Blow on the dice and close your eyes (7/11 or snake eyes)

WOW!!! Talk about crazy. The market was nuts between 3 and 4. I left work at 2:45 and I was over 2% and C & S was over 1.5%. At around 4:30 I checked the close numbers and a large sell off with strong volume to bring the funds back up for a save. Pass the maalox.

Isn't it strange that in early 2008 when the price of oil was escalating like crazy the market did just the opposite, oil up - market down, oil down - market up. Now the market follows oil. Oil up - market up. Oil down today and the market is falling like a rock. Hopefully the pond is shallow.

This also on WorkFE's account.

Quote:
Originally Posted by WorkFE
This is where our I fund shares reside?

http://money.cnn.com/2009/06/12/news...ion=2009061204



Below is part of the press release from the FRTIB that contracted with Barclay's to manage our funds. The press release is dated 9/6/06. What does the BGI sale to Black Rock mean???

FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
ANNOUNCES VENDOR SELECTIONS FOR INVESTMENT FUNDS AND PARTICIPANT SURVEYS

Washington, D.C. (September 6, 2006) — The Federal Retirement Thrift Investment Board announced today that Barclays Global Investors, N.A., of San Francisco, California, has been selected to manage the Common Stock Index Investment (C) Fund, the Small Capitalization Stock Index Investment (S) Fund, the International Stock Index Investment (I) Fund, and the Fixed Income Index Investment (F) Fund of the Thrift Savings Plan (TSP) for Federal employees. The selection results from competitive procurements initiated by the Board in May 2006 through release of Requests for Proposals (RFPs).
Barclays is the largest manager of institutional assets in the world and the largest provider of both index and quantitative investment strategies with over $1.6 trillion in assets under management on behalf of 2,860 institutional clients. The Board intends to make a formal award shortly through a contract with Barclays.

Link to the complete press release:
http://www.tsp.gov/curinfo/pressrel/...aysvendor.html

Well it looks like our TSP funds will be managed by BlackRock. Our board members are silent once again. How will this affect our funds? Theoretically it should be seamless.

NASA I agree it should be seamless. BGI or Blackrock are only the vault, investment direction is determined by the FRTIB not the firm.
We shall see

Birch sure is a "half glass full" kind of guy. Still talking manure kind of market. Even after getting spanked yesterday. Hang in there Birch.
Me, I just want to get back to where I was at the beginning of 2009. Everytime I get close the market doesn't have a down day it has a fall in the well day. DANG IT!!!
I will say one thing, the market sure doesn't seem to follow any kind of trend or logic. Almost like there is a puppet master pulling on the strings of the marionette.

I feel ya...

How about some pretty graphs from AstroCycle just for you.

http://safehaven.com/Article-13623.htm