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Thread: How to avoid TSP calamity if debt ceiling is not raised

  1. #13

    Join Date
    Sep 2004
    Location
    Surfing, USA
    Posts
    1,647

    Default Re: How to avoid TSP calamity if debt ceiling is not raised

    BUY GOLD!!!!

    Wow, how I wish we had a gold, silver, platnum, lithium, copper fund.

    Fundamentally, I agree with James. The boys at the fed may play paper shuffle games but your money will be safely earning a couple percent interest in G.

    If you think about it, nothing really changes. Right now "G" fund money is given over to the government with the promise of a return in interest. If the "G" fund gets tapped, then the only thing that really changes is the paperwork. The same entity still is on the hook for the interest ultimately.

    Has anyone heard that they are working on extensions that would get us to July and not just add a month? How would they manage that?

    Possibly, they could "borrow" the whole retirement fund and be on the hook for the appropriate amount of interest as if we had money in those funds. Now, the question is, would they have to sell our positions to use that money? That step would definitely dent the market.
    A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk

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  3. #14

    Join Date
    Dec 2010
    Location
    Eastern Washington
    Posts
    127

    Default Re: How to avoid TSP calamity if debt ceiling is not raised

    Quote Originally Posted by FundSurfer View Post
    BUY GOLD!!!!

    Wow, how I wish we had a gold, silver, platnum, lithium, copper fund.
    Me too. I'm in AGQ silver right now. Although yesterday (and probably today) kinda stung, so far the reward has been well worth the risk. Here's to $50 oz silver!!!!

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  5. Default Re: How to avoid TSP calamity if debt ceiling is not raised

    Thanks for the many helpful responses. It sounds like if one believes that the stock and bond markets could respond strongly and negatively to the debt ceiling issue -- regardless of which party is primarily at fault -- that one would be safe having shifted all assets to the G fund (even though it is very counter-intuititve to putting money into fund based upon U.S. government securities at a time when it may default on debt).

    Given that the date that the U.S. will reach the ceiling seems to be somewhat ambiguous (early May) it sounds like shifting funds should probably be done sooner rather than later.

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  7. #16

    Default Re: How to avoid TSP calamity if debt ceiling is not raised

    Quote Originally Posted by NigelSt.Hubbins View Post
    . I have come to reluctantly conclude that the Republicans would be willing to totally undermine our fragile economic recovery if they think it is to their political advantage,

    I am just trying to determine a prudent course given the reasonable possibility of something really "ugly" happening

    Thanks for any guidance anyone can provide!
    Hey Nigel I hate to tell you this but we are not all D's here. Have you noticed things have gotten really Ugly since Ubama was annointed? No, I guess not.
    I like TSPTalk and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.

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  9. Default Re: How to avoid TSP calamity if debt ceiling is not raised

    FAB1,

    While I couldn't more strongly disagree with your feelings on the subject, I regret having provided any political commentary in my initial post because regardless of who is at fault the TSP financial concerns are much the same. I am much more interested in preserving my retirement savings than I am in getting in a "food fight" with Obama-bashers.

    So consider me chastened, and if others have useful ideas on strategies for protecting our TSPs, please bring them on!

    Nigel
    Last edited by NigelSt.Hubbins; 04-12-2011 at 02:18 PM. Reason: improve clarity

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  11. #18

    Join Date
    Oct 2005
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    rockville, md
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    1,667

    Default Re: How to avoid TSP calamity if debt ceiling is not raised

    Quote Originally Posted by Silverbird View Post
    It's going to be the new blood that demands the debt ceiling stays in place, quite a few of the old blood got kicked out at the last election (from both parties) on this very issue. Bringing in the new may bring in the change that some people thought they wanted and are going to really regret.

    Beware what you ask for...
    Exactly


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  13. #19

    Join Date
    Sep 2008
    Location
    Kentucky
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    5,260

    Default Re: How to avoid TSP calamity if debt ceiling is not raised

    Raise the debt ceiling or don't raise the debt ceiling.
    I guess they vote yea or nay depending on which position they hold when it comes up for a vote.
    Either way unless someone has found a financial clerical error it will have to be done.
    In Dog Beers I've only had two.

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  15. #20

    Default Re: How to avoid TSP calamity if debt ceiling is not raised

    Quote Originally Posted by NigelSt.Hubbins View Post
    I am much more interested in preserving my retirement savings than I am in getting in a "food fight" with Obama-bashers.
    I appreciate that.
    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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  17. #21

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
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    76,393

    Default Re: How to avoid TSP calamity if debt ceiling is not raised

    CRAPOLA, they are preaching the end of the world, HA!!! They just know that this would ruin and deny their Progressive agenda. BRING IT ON!
    We want our economy back.



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  19. #22

    Join Date
    Mar 2006
    Location
    Raleigh, NC
    Posts
    3,416

    Default Re: How to avoid TSP calamity if debt ceiling is not raised

    Folks,

    The train has left the station. I really don't think the Treasury can control the bond market. They will not be able to keep interest rates low.

    Soon enough Bernanke will raise short term rates. Even before he makes his move the huge bond and soverign funds will demand higher rates. PIMCO has made its move - how many other bond holding entities have made theirs.

    We now have about $5 Trillion more in short/intermediate term debt than we had 27 months ago. We have grown our debt by 1/3rd in months. Yowser.

    Soon, nobody will care what the Treasury does or what the FED does (if the FED does not defend the dollar).

    This is going to be ugly. Especially for the 'F Fund'. And, I would NOT count on the 'G Fund' assets being liquid. How many folks thought their overleveraged Lehman Brothers money market funds would always be liquid assets? Yowser.

    There are no good places to hide. My guess is the best will be either the C or the I funds...
    Lookin' up at the 'G Fund'!!!

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  21. #23

    Default Re: How to avoid TSP calamity if debt ceiling is not raised

    Quote Originally Posted by NigelSt.Hubbins View Post
    FAB1,

    While I couldn't more strongly disagree with your feelings on the subject, I regret having provided any political commentary in my initial post
    Nigel
    Youre missing my point - you are strongly disagreeing with many peoples feelings on this MB. My post was a "shot across your bow" as a warning.

    There are a lot of fine MBs to strongly disagree with conservatives, Im sure you can locate one to fit your needs. Or come see us on Beltway Talk - Jim needs all the help he can get over there.
    I like TSPTalk and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.

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  23. Default Re: How to avoid TSP calamity if debt ceiling is not raised

    FABI,

    You seem a little dim, so let me tell you again that I'm really only interested in conversing about financial matters on this website. I truly don't care if my presence here offends you (or the "many [other] people" you claim). There seems to be others who are in fact willing to share information civilly.

    I know from what little you have written that the possibility of our having a meaningful dialog on political matters is remote at best, and I can't imagine why I would want to waste my time. So go off and try to bully someone else.

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