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

  1. #25

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

    Quote Originally Posted by NigelSt.Hubbins View Post
    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.
    Hmmm. Rerring to some one as "a little dim" seems to prove you cannot "share information civilly" Nice british accent thing in your posts. You do it well. You forgot to include all your awards from HRH in your name.

    Cheers

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  3. #26

    Join Date
    Jul 2008
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    Seattle and Philippines
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    223

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

    Don't ya think the Standard and Poor's slaming the US Govt about their high debt might get our politicians from both parties I hope to say....yeah it's time we cut our debt. If the debt ceiling has to be raised....only if a debt reduction plan is in place. On the subject of worring about the TSP funds....well...if the market dumps....I'll just throw it into G...cause I can't really afford gold or silver...as it's not an option for the TSP...I wish it was...and I'm not buying individual stocks anymore cause I'm retired....! If the debt ceiling is raised or not raised...I personally don't see any major calamity....!

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  5. #27

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

    Quote Originally Posted by NigelSt.Hubbins View Post
    FABI,

    You seem a little dim, so let me tell you again
    Dont spare my feelings, Nige

    I am humbled in your presence so carry on, sahib.

    Oh BTW its: FAB1(one) not FAB I (eye)
    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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  7. #28

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

    Quote Originally Posted by mick504 View Post
    I'll just throw it into G...cause I can't really afford gold or silver...!
    Why would you buy it even if you could??

    In 1933 FDR seized private gold holdings with an EO. Surrender your gold coin, bullion or certs - or enjoy a 10 yr stay in one of our placial Federal "hotels".

    If they did it once they can do it again - no safety except in your own pantry. Buy Food and Provisions (bullets).
    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. #29

    Join Date
    Aug 2008
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    Default Re: How to avoid TSP calamity if debt ceiling is not raised

    Quote Originally Posted by FAB1 View Post
    If they did it once they can do it again - no safety except in your own pantry. Buy Food and Provisions (bullets).
    This brings to mind a guy that I work with. We frequenty discuss the economy, markets, and TSP. He always states that "you can't go wrong with bullets."

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  11. #30

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

    Quote Originally Posted by jpcavin View Post
    This brings to mind a guy that I work with. We frequenty discuss the economy, markets, and TSP. He always states that "you can't go wrong with bullets."
    In '33 in wouldnt be hard to hide your gold and sit on it a while.

    But in this electronic age, dont think they wont know who has the gold.
    Banks will be forced to open safety deposit boxes - theres a paper trail
    to sniff you out and your floor safe, isnt safe.

    Then your Lead will be more valueable than any Gold or Silver.
    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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  13. #31

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

    Quote Originally Posted by NigelSt.Hubbins View Post
    FABI,

    You seem a little dim,
    "Dim"?

    Clearly you do not understand the character and nature of this board. You are welcome to participate here, but your contemptuous attitude will isolate you. Maybe it is best if you read and learn for a while, then when you understand this is not a forum site that will long tolerate this silliness you may wish to try again.
    Official Retirement Date: 06-31-2014!

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  15. #32

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

    Quote Originally Posted by FAB1 View Post
    In '33 in wouldnt be hard to hide your gold and sit on it a while.

    But in this electronic age, dont think they wont know who has the gold.
    Banks will be forced to open safety deposit boxes - theres a paper trail
    to sniff you out and your floor safe, isnt safe.

    Then your Lead will be more valueable than any Gold or Silver.
    I could always use lead to protect gold.

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  17. #33

    Join Date
    Mar 2006
    Location
    Raleigh, NC
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    3,416

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

    So, folks, what did we learn during yesterday's burp:
    • G Fund: +0.02 - However, I think that is the norm
    • F Fund: +0.19
    • C Fund: -1.10 - The best of our equity funds
    • S Fund: -1.48
    • I Fund: -2.00 - The worst of our equity funds

    I postulated that the 'I Fund' would weather a United States sovereign debt crisis better than US equities or bonds. I was going the weather the barf storm in the 'I Fund'. Now, this little episode has demonstrated the fallacy in that.

    I also thought the 'S Fund' would have a smaller plop than the 'C Fund' because it obviously has a smaller allocation in financials. Looking at the two of them in Schwab illustrated that this is not the case. Hence the failure.

    The 'C Fund' is the equities winner. Ten days of yesterdays would result in a 12% loss. That is survivable, even for those who ride it all the way down. Why is this. Probably because these companies are multi-national and have large cash holdings. They will not need the borrow money or sell bonds at high interest rates for a while. The smaller companies still need liquid debt.

    Still don't trust the 'F Fund'. The big holders will pump and dump it - leaving us little people slopping around in the mud.

    Now, the 'G Fund'. My guess now is that the interest rate will increase during 'The Problems'. The assets have never been locked (even though they are borrowed against) before - but we have never run annual $1,600,000,000,000 deficits before. Things change.

    My current thought is to let things settle after the news and move to a 40% G and 60% C allocation. Still thinking. Think long, think wrong.
    Lookin' up at the 'G Fund'!!!

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  19. #34

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

    Quote Originally Posted by FAB1 View Post
    In '33 in wouldnt be hard to hide your gold and sit on it a while.

    But in this electronic age, dont think they wont know who has the gold.
    Banks will be forced to open safety deposit boxes - theres a paper trail
    to sniff you out and your floor safe, isnt safe.

    Then your Lead will be more valueable than any Gold or Silver.
    Raiding safe deposit boxes wouldn't be anything new, they did that back in '33 too. We'll probably see currency controls at some point-to keep the big guys from moving funds out of the country too quickly. Brazil is already contemplating currency controls, read that the other day somewhere, don't recall where.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

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  21. #35

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    Dec 2004
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    Fulton, TX USA
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    Default Re: How to avoid TSP calamity if debt ceiling is not raised

    Quote Originally Posted by jpcavin View Post
    I could always use lead to protect gold.
    -specific types of lead ? - like copper-coated? -if I remember the term correctly -

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  23. #36

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

    Quote Originally Posted by jpcavin View Post
    I could always use lead to protect gold.
    Your cash aint nothing but trash. When the stores are all bare, it wont buy you hash.

    As for Buying Gold, well, pard, now ya been told.

    And Lead may keep you well Fed and not Dead.
    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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