Thread: Tsunami's Account Talk

If he's right, that would imply that the indices would be in store for additional drops.

Originally Posted by Tsunami

A couple of gems during the interview of Jeffrey Gundlach on CNBC after the market close today....

"Some people say that we could see the best tax loss selling opportunity in a generation, I say in two generations." (meaning keep your powder dry until late December when the coming tax loss selling ends for some great bargains)
"there will be some eye popping returns coming in emerging markets once the dollar turns back down" (I plan to buy EEM and EPI specifically when that happens, maybe even long-term calls in EEM)

I finally finished Zeihan's book, The End of the World is Only the Beginning, an excellent read for anyone that cares about their future finances and choice of where to live and what careers to choose and more...
The situation outside of the U.S. is getting so bleak it makes me wonder how on earth the I fund has done so well lately. When reality catches up next year it won't be pretty.

https://www.youtube.com/watch?v=5lz33mFSJxA

All of Zeihan's little videos are archived here: https://us11.campaign-archive.com/ho...&id=5654564be1

On my Peter Eliades price projection software, the 30-minute chart has just produced the following downside projection, and the hourly and daily charts will give a similar projection at the close today....just popped up on the hourly chart in fact, down to 3850 minimum. So more downside ahead is likely I think...then maybe a Santa rally, or maybe not....the offsets (the red and blue lines) allow for a rally first before getting down to the projection box, up to 4000ish perhaps...

30-minute chart on 12-6-2022.jpg

Good stuff, Tsunami. A lot is going to happen in the next 5 trading days.

Sent from my SM-G975U using Tapatalk

I remember a year Morgan Stanley was being mocked for their bearish view. Turns out it wasn't bearish enough.

https://twitter.com/FerroTV/status/1477956710396485632

I may have found the solution to the last hurdle keeping me from rolling over my TSP to an IRA.

My two TD Ameritrade accounts (Roth IRA and a small taxable account) will be transferred to Schwab soon, the final phase of the merger between them. Until now access to the G fund has been the only thing keeping me from rolling over to an IRA, but today I learned that Schwab has funds that pay as well or better than the G fund, and apparently you can buy those funds in a Roth IRA. SWVXX is currently paying 4.04%...https://www.schwab.com/money-market-funds

There are no minimums, no fees to buy or sell, and the "ex" dates and "record" dates are daily per this summary.
https://schwab.bynder.com/m/6f8c499870cdc4e1/

The dividends are paid on the 15th of the month, not daily, but you do apparently accumulate the dividends daily, so you can buy/sell stocks/ETFs/funds to your hearts content, and put any idle cash into the money market fund you choose (then sell it when you want to buy a stock/ETF/stock fund) and then collect the money market dividends for the days you were in the fund.

Does anyone here have any experience with Schwab and can confirm what I'm seeing?

If this will work to take the place of the G fund, it's time for me to dump the TSP as soon as my accounts roll over to Schwab. No more TSP twice-a-month limits to buying and selling stocks and no more worries about losing the G fund, no dumb noon cutoff for buying stocks. No more restrictions to the three TSP stock funds. No more horrible website that doesn't even work (today the website froze when I tried to do my annual change of my monthly installment payment, which I initiated last week with the required phone call to cancel my current monthly withdrawal). Plus TDA's great Think or Swim trading platform will also be moved over to Schwab in 2023.

What am I missing?

Hi Tsunami,
Sounds like a very good plan. Can you buy SWVXX in a traditional IRA account as well as Roth?
When rolling over TSP to outside IRA with company like Schwab or TD Ameritrade, must you roll over 100% of your TSP or can it be rolled over piecemeal?
Ex. If you have $600k in TSP, can you roll $200k in one year just to test it out before rolling over the rest? I don't see anything written about that. Thanks and best wishes to you!
P.S. I am hoping to retire at the end of 2023.

Originally Posted by DreamboatAnnie

Hi Tsunami,
Sounds like a very good plan. Can you buy SWVXX in a traditional IRA account as well as Roth?
When rolling over TSP to outside IRA with company like Schwab or TD Ameritrade, must you roll over 100% of your TSP or can it be rolled over piecemeal?
Ex. If you have $600k in TSP, can you roll $200k in one year just to test it out before rolling over the rest? I don't see anything written about that. Thanks and best wishes to you!
P.S. I am hoping to retire at the end of 2023.

partial withdraw is allowed per form TSP-99

Originally Posted by Tsunami

I may have found the solution to the last hurdle keeping me from rolling over my TSP to an IRA.

My two TD Ameritrade accounts (Roth IRA and a small taxable account) will be transferred to Schwab soon, the final phase of the merger between them. Until now access to the G fund has been the only thing keeping me from rolling over to an IRA, but today I learned that Schwab has funds that pay as well or better than the G fund, and apparently you can buy those funds in a Roth IRA. SWVXX is currently paying 4.04%...https://www.schwab.com/money-market-funds

There are no minimums, no fees to buy or sell, and the "ex" dates and "record" dates are daily per this summary.
https://schwab.bynder.com/m/6f8c499870cdc4e1/

The dividends are paid on the 15th of the month, not daily, but you do apparently accumulate the dividends daily, so you can buy/sell stocks/ETFs/funds to your hearts content, and put any idle cash into the money market fund you choose (then sell it when you want to buy a stock/ETF/stock fund) and then collect the money market dividends for the days you were in the fund.

Does anyone here have any experience with Schwab and can confirm what I'm seeing?

If this will work to take the place of the G fund, it's time for me to dump the TSP as soon as my accounts roll over to Schwab. No more TSP twice-a-month limits to buying and selling stocks and no more worries about losing the G fund, no dumb noon cutoff for buying stocks. No more restrictions to the three TSP stock funds. No more horrible website that doesn't even work (today the website froze when I tried to do my annual change of my monthly installment payment, which I initiated last week with the required phone call to cancel my current monthly withdrawal). Plus TDA's great Think or Swim trading platform will also be moved over to Schwab in 2023.

What am I missing?

suggest one take a look at my thread. I'm going to transfer into an annuity. in 10 yrs will get about 18%/yr while getting a monthly payment sent to me. at end of 10 yrs will be back at original principle plus have the monthly payments, so about 45% gain in 10 yrs.

Not sure how 4% relates to a 7-day yield, but the performance figures are much lower.

SWVXX | Schwab Value Advantage Money Fund® - Investor Shares | Schwab Asset Management

SWVXX | Schwab Value Advantage Money Fund;Investor Overview | MarketWatch

The net expense ratio on SWVXX is 0.34% which is nearly 7x higher than the G fund.

The price of freedom?

Originally Posted by Skorcher

The net expense ratio on SWVXX is 0.34% which is nearly 7x higher than the G fund.