Thread: James48843 Account Talk

Nice up day so far. Keeping the sticky pants on just in case.

Ok- I’m looking at the technical on the S&P500 P&F chart and it is telling me we are at a critical point right here.

EITHER we break higher today (Friday), in which case we’ve broken the bear’s back,

-OR-
We head downward here for a quick dip on the cycle.

I’m positioned for the upside breakout. Not sure if this is the right choice today.

I WISH I had three moves in a month, instead of just two. If I had one more, I’d move to the side today to reduce technical risk. But I don’t have that freedom any more.

Damn you Thrift Board of 2008-

I want one move a week!anger.gif

Originally Posted by nnuut

I want one move a week!anger.gif

Wouldn't that be nice.

I WISH I had three moves in a month, instead of just two. If I had one more, I’d move to the side today to reduce technical risk. But I don’t have that freedom any more.

I want one move a week!

I'd take anything more than we have now. The TSB Board says we have 2 IFTs/month, but in practice we only have 1 to get us in per month. The other one is wasted getting us out because we have unlimited moves into the G Fund. How about not counting an IFT if it only increases your allocation in the G Fund.

Slotkin Co-Sponsors Bill To Assist Federal Workers During Shutdown
January 21, 2019

Source:
https://www.whmi.com/news/article/sl...uring-shutdown

As the partial government shutdown gets set to enter its second month, Livingston County’s voice in Congress is supporting legislation to help affected workers.

Congresswoman Elissa Slotkin announced today that she was co-sponsoring the newly-introduced “Shutdown Relief Act,” a bill that would allow federal workers impacted by the government shutdown to withdraw money from their retirement plans without penalty. “As a former federal employee myself for 14 years, I’m proud to sign on as an original co-sponsor of the bipartisan Shutdown Relief Act, which would ease the burden on public servants who work every day to put country over party, and through no fault of their own are struggling to make ends meet during the shutdown.”

Slotkin said that just last week she spoke with an aviation safety specialist on furlough in Livingston County who expressed the need for federal workers to borrow from their Thrift Saving Plans without penalty during this time of financial hardship and that while she was focused on hammering out a deal to re-open the government, she was, “proud to support a bill that gets rid of that penalty and provides some needed relief.” Under current law, federal workers under 59 ½ years old may only withdraw funds from their 401(k) retirement savings plan – known as the Thrift Savings Plan (TSP) – by taking out a loan or by demonstrating that they are suffering from a financial hardship. Additionally, if such employees choose to take a hardship, there is a 10 percent penalty for early withdrawal.

The Shutdown Relief Act would amend the United States Code to allow such federal workers to withdraw money from their TSPs up to the amount of their missed shutdown pay without penalty, as long as the funds are returned within 180 days. The bill, introduced by Rep. Elaine Luria (VA-02), is supported by original co-sponsors Rep. Elissa Slotkin (MI-8), Rep. Anthony Brown (MD-4), Rep. Morgan Griffith (VA-9), Rep. Chrissy Houlahan (PA-6), Rep. Walter B. Jones Jr. (NC-3), Rep. Donald McEachin (VA-4), Rep. Dutch Ruppersberger (MD-2), Rep. Bobby Scott (VA-3), Rep. Terri Sewell (AL-7), Rep. Mikie Sherrill (NJ-11), and Rep. Abigail Spanberger (VA-7.)


More:

Http://Whmi.com


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That's a great idea for someone that has been a Federal Employee for a few years. It won't help any new folks that have been hired in the last year or two. But it's a start.

My guess is that the uptick yesterday and today MAY have been influenced by the additional inflow of money from paying Federal Employees, and the system making TSP deposit buys yesterday and today. If that is the case, it should continue tomorrow- as the third and final balance payout corrections hit the TSP,. and therefore add more cash into purchasing stocks.

Of course, I could be wrong- but it is a nice theory anyway.


My 2 cents.

I agree. I thought about the Fed TSP deposit buys and had thought the same thing... and effect on market. Had not really thought about the Govt employees getting paid. Humm…..

Your private message box is full, so I'll post this here:

Hi James,

You put '%' signs in the title/subject of your Omnibus posts. This website won't parse the url correctly, and many browsers won't be able to display the thread. Going forward, you can use the word 'percent' instead of the '%' sign to avoid this issue.

You can manually alter the url in order to view your threads by adding '25' after the percent sign. I did that here:

Original:
https://www.tsptalk.com/mb/federal-e...pay-raise.html

Second:
https://www.tsptalk.com/mb/federal-e...pay-raise.html

Q

What?