"Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798
Update...It actually took the TSP 5 days to process my request. The withdrawal form was faxed to them on Monday 09 March and there was an update this afternoon after logging in to TSP indicating that my request has now been processed. I did not have much in my account so I transferred 75% to an IRA (check to be issued and mailed to IRA custodian) and 25% as withdrawal for funds to be processed via EFT.
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Thanks BlueRoadster. So I'd assume that by Friday you'll be able to start trading in the IRA, so about 2 weeks total time.
Now my next question that's harder to find an answer to, is there anyone out there who's transferred their TSP to an IRA a number of years ago, and you're willing to share how you've done in the IRA vs. how you think you would have done in the TSP if you'd stuck with the TSP? Did you honestly do better in the IRA, or is my personal fear that I'd likely over-trade and/or make poor decisions in an IRA and not do as well the reality for those of you who have made the move?
2800 for a bounce. Not much but it's something:
https://northmantrader.com/2020/03/16/kiss/
Wow, hard to believe the futures are only down 2% with the current headline...Mnuchin says unemployment could hit 20% and the economic hit could be WORSE than 2008.
Welcome to this century's great depression. I can't wait until the monetary crisis portion of it hits.
What's hitting now is the reason I came up with the name "Tsunami" in the first place, and this is starting to look like the real thing.
Another update...After a dispursement is processed by the TSP, there are additional days to tack on for receipt of funds to other accounts (3-5 business days for ETF and 10 business days for a check).
For anyone that missed it there was a great interview of Ray Dalio on CNBC this morning. In my opinion (hope I'm wrong and the government is able to inflate the bubble one more time) I have to agree with Ray that we’re in the beginning phase of a 1929/1930s type of deflationary depression. There should be a big bounce soon, maybe as soon as Congress passes a massive bailout bill in the next few days and the coronavirus news starts to turn more positive, but that will only be a trading opportunity in my opinion. Here’s a piece of the interview (I wish they’d post it all, maybe it will be on YouTube), and a link to where you can download Ray’s free Big Debt Crisis book. I’m currently halfway through his “Principles” book which is really outstanding.
https://www.cnbc.com/2020/03/19/inve...-trillion.html
https://www.bridgewater.com/big-debt-crises/
I think we’re very fortunate to have the G fund to hibernate in. The F fund will not be the place to hide out once interest rates start rising in earnest.
Not to be outdone by California, it sounds like Florida is close to issuing a statewide stay-at-home order, or if not statewide it will be in the most populous counties on Monday.
I've finished Ray Dalio's "Principles", next book up to the top of my pile is "The Storm Before the Calm"....I'd say we're in the storm now.
Some other weekend reading...hard to believe the market could actually accelerate lower for the next 2 weeks per Hurst cycles projections...
https://www.youtube.com/watch?v=VUpHUxlDs6w
Very rare to see Ciovacco so negative...
https://www.ccmmarketmodel.com/short...ll-be-in-store
When BBB rated bonds get downgraded I don't want to be in stocks...
https://unherd.com/2020/03/covid-19-...ial-fragility/
I haven't watched this yet but never miss a Gordon T. Long video and he warned this collapse was coming long before it happened...
https://www.youtube.com/watch?v=594yE4KuMRo
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EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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