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Thread: James48843 Account Talk

  1. #313

    Join Date
    Jan 2010
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    OKC area
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    211

    Default Re: James48843 Account Talk

    This is eye opening to me. I didn't realize the board was carrying this much overhead.
    Knowledge is very powerful for your future

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  3. #314

    Default Re: James48843 Account Talk

    I'm not against people making a good salary, but it looks like the money they saved on IFT fees was nothing compared to this.

    I put the list on a spreadsheet if anyone is interested:

    http://www.tsptalk.com/misc/tsp_salaries.xls
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  5. #315

    Join Date
    Apr 2005
    Posts
    14,685
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    Default Re: James48843 Account Talk

    I have nothing against people earning a good living. However, I have to ask myself- what do all those folks do for that money?

    Again, Blackrock is who actually holds the funds. It's not like any one of them is deciding where to invest TSP Shareholders money to get better returns. (We can't even do that, now that we have only 2 moves a month available to us).

    There are 95 total federal employees who work at the FED RETIREMENT THRIFT INVESTMENT BOARD.

    A handful make policy- that includes the Board members, and Long. Ray supposedly was hired because of her experience running Maryland's pension funds. There are no comparisons. Maryland had to decide what to invest in. At TSP, the funds are set by Congress, and the Board gets to decide what policy changes they want to approve.

    So what do all those folks who make $165K a year do for the money? Create brochures and slogan posters? That nobody in the field ever see?

    I'm sure some actually help customers- but you know that the call center was all outsourced to a private contractor. So some of these employees, I'm sure, have to oversee the contract. And let the contract. Ok- that's a handful of folks. What do the rest do?

    I would love to see their job descriptions, and maybe hangout for a few days in their office, to see what they do.

    By the way- one more time- the limiting of fund transfers COST shareholders money- it didn't save them money. That's a fact.

    There are 95 federal employees at the FED RETIREMENT THRIFT INVESTMENT BOARD. Fifty one of them made $100,000 or more in 2010.

    Why is it they have to be in Washington D.C.? Why not in some low cost location?

    What is it they all do that they have to be in D.C.? And that they have to cost $100K or more?

    That's a good question.


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  7. #316

    Default Re: James48843 Account Talk

    All answers found in: Big Government. Seat of Government. I had an aunt who was firmly liberal and wanted the little people to get government help. One day she was surprised to hear her apartment neighbor received rent subsidy, electrical subsidy, cable subsidy and also had a better, covered parking space, even though the neighbor's income was higher than my aunt's. The difference was that my aunt had more in savings. DC needs big staff, in all endeavors including the Board, to set one size fits all policy. DC staff must be graded because of the importance of the decisions and paid enough to afford the housing and economy. Restaurants are crowded. Traffic is a nightmare. Starting to see some slowdown in government solicitations though.

    I do want to note though that the awards to the ES levels are generally fewer and lower than the norm. Perhaps that will be a solace?

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  9. #317

    Join Date
    Apr 2005
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    Default Re: James48843 Account Talk

    Thinking I really need to do an IFT today and get out to safety while the going's good. I just had a nice little run upward, and now I am thinking that next week is likely to be UNLIKE previous years, and may drop hard.

    Geeze- it's hard to decide what to do. I REALLY REALLY feel like moving to safety today.


    But I probably won't.

    Arrrggg.. Hard decisions.

    best of luck.

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  11. #318

    Default Re: James48843 Account Talk

    Stick it out James, next week should be relatively flat.
    100% G Fund COB 13 March 2020

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  13. #319

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: James48843 Account Talk

    We just penetrated the 200 day MA on the SPX - next week could be hot.

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  15. #320

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    Default Re: James48843 Account Talk

    Moving today to a 50/50 mix on the "S" and "I" fund:


    Why? "S" fund technicals are still looking extremely favorable.

    But suddenly the "I" fund is starting to get momentum upward, and that's a darn good sign after weeks of the "I" lagging the U.S. numbers.

    I am playing the hunch that we'll still get a few more days at least of upward drift domestically, but we'll get better upward action in overseas markets as the rest of the world sees economic steadiness and improvement.

    I'm goin g 50/50 "S" and "I" today, and then plan to hop to "G" safety at the end of this quick cycle upwards. Maybe next week sometime. We'll see.

    Good luck out there.

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  17. #321

    Default Re: James48843 Account Talk

    James - I see you broke away from the pack and are now way up in the top 10. Nice going!
    "I'm your Huckleberry"

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  19. #322

    Join Date
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    Default Re: James48843 Account Talk

    Ha!

    Yep, I HATE this two move limit.

    You see, under the "OLD" rules, I would have been moving a little more each day over the last few days, and would have been about 70% into "I" over the last few days.

    Instead, I'm sitting at 50/50 S and I, and looking to move towards "G" any day now. I see another day or two tops on the "I" roller coaster, but nothing tells me yet that today is the day to jump off, so I'm riding it for all it's worth. We're overdue for a rest, but there is absolutely nothing in the technicals signalling to jump off today. So I'll give it another day, and look at the technicals again.

    Wish me luck. Last year I got creamed, when I got caught traveling and not paying enough attention to the flashing lights and key signals.
    Your Personal Investment Performance (PIP) for the past 12 months ending 12/31/2011 is -11.03%.
    This year, my resolution is to pay closer attention, and boldly go where my signals tell me.
    This is my try to make up for it.

    Right now I have this great big flashing yellow light blinking and telling me to jump out to the safety of "G"
    http://madsenworld.dk/anigif/light/yell_bl.gif

    But at least for today, I'm riding the roller coaster!


    Wish me luck.
    Last edited by James48843; 01-23-2012 at 08:25 PM.

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  21. #323

    Default Re: James48843 Account Talk

    We're overdue for a rest, but there is absolutely nothing in the technicals signalling to jump off today. So I'll give it another day, and look at the technicals again.

    ************************************************** *********
    Thanks for all your input,
    I have a hard time figuring when the PIGGS in Europe are going to have the bear chase them down again. Please keep posting your insights! THANKS
    db
    2 IFT's! That's it, Be cautious & WISE!

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  23. #324

    Join Date
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    Default Re: James48843 Account Talk

    Wow. This ride is strong- but we are OVERDUE FOR A REST IN THE ACTION. A couple of days ago I said:
    We're overdue for a rest, but there is absolutely nothing in the technicals signaling to jump off today. So I'll give it another day, and look at the technicals again.
    And today is exactly the same- we are DUE for a breather, but nothing yet has indicated we're at the very top, so I'll keep her there one more day.

    RIght now I am re-evaluating every day before noonish to determine whether or not to bail out yet. More than a 7% rise in one month. That's serious upside, and CANNOT continue. But the European stocks reacted nicely last night, and I'm sitting half in I fund at the moment, and soaking it up.

    Keep your powder dry, and be NIMBLE and ready to move to safety!


    Be careful out there!


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