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Thread: What YOU can do to fight back - IFT limit

  1. #733

    Join Date
    Mar 2006
    Location
    Fort Leavenworth, KS
    Posts
    820

    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by anidoc View Post
    I don't have the resources or time to initiate a lawsuit, but there are at least a hundred of us who will participate financially if someone gets the ball rolling. Or are we waiting to see what the final rule is?
    DITTO on the time and resources, but I'll be 101 on the class action if somebody will get it going.

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  3. #734

    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by qibovin View Post
    DITTO on the time and resources, but I'll be 101 on the class action if somebody will get it going.

    Perhaps y'all should check out this website:

    http://www.sueeasy.com/

    On its Web site, Mountain View, Calif.-based SueEasy says its "primary concern is for you to register a genuine complaint or grievance as quickly and as simply as possible."
    ~100% S fund since Feb 2012~

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  5. #735

    Join Date
    Sep 2007
    Location
    Berwick Maine. (Were,,,, no one lives in Maine!!!)
    Posts
    281

    Default Re: What YOU can do to fight back - IFT limit

    There has been a lot of talk about "Class action, etc"..
    Has anyone done anything or is it all just talk?
    (I do know an attorney who has been excellent when butting heads with the goverment. but isn't it a bit late at the table by now?)
    Never let your friends determine who your friends are going to be!.

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  7. #736

    Join Date
    Sep 2007
    Location
    Berwick Maine. (Were,,,, no one lives in Maine!!!)
    Posts
    281

    Default Re: What YOU can do to fight back - IFT limit

    Again, has anyone done anything?

    As a friend of mine once told me,
    "Theres nothing like doing it, "LIKE DOING IT!"
    Never let your friends determine who your friends are going to be!.

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  9. #737

    Join Date
    Sep 2007
    Location
    Berwick Maine. (Were,,,, no one lives in Maine!!!)
    Posts
    281

    Default Re: What YOU can do to fight back - IFT limit

    If there is somthing here I don't know about, send PM.
    Otherwise, there need to be an open forum and not back room activity!
    Never let your friends determine who your friends are going to be!.

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  11. #738

    Default Re: What YOU can do to fight back - IFT limit

    spoke to a lovely customer service rep from the TSP. Very helpful indeed. Here is some updated news FWIW. You can now fax in your TSP-50. The Fax number is 866-817-5023. I mailed in my TSP-50 to enter the S Fund and it still was not received. This week it cost me over 7000 dollars from just waiting. This is very sad. I am still stuck in the G Fund. Also she told me they are aiming for the new rules to go into effect May/June. To be honest with everyone, I rather have my 3 EFTs including the last one to be the G Fund then to handle my trading this way. Trading with the TSP-50 is like playing the lottery. My luck ,when they receive and post my transfer to the S Fund, the market will be in a bad mood. I never seen anything more crazy than the way this is handled and I have been a trader since 1987 on my own. At the very least TSP should of punished us my giving us the 3 EFTs per month while we wait for the new rules to kick in. Another note..Appealing with Mr. Long, she told me it will take up to 30 days for him to respond. By the time this happens the new rules will be into effect. SAD


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  13. #739

    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by anidoc View Post
    OK let me make a few bullets here for clarification, and you can answer me.
    • She said they are accepting FAX TSP-50 from the 500 "evildoers"? That's not as good as electronic but much better than snail mail.
    • Prior to the interim rule, we have always been able to mail, fax, or use TSP line for IFT's, so if they are accepting FAXed 50's from the 500, then they could probably use TSP line as well. Nothing said about this?
    • Mr. Long has already stated verbally and in writing that the limits won't go into effect until at least May 1.
    read the answer in my thread.

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  15. Default Re: What YOU can do to fight back - IFT limit

    I'll be 102

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  17. Default Re: What YOU can do to fight back - IFT limit

    Just checked out the TSP website. It notified shareholders that the new interfund restrictions will go into effect this Thursday, May 1st. No changes from what was initially proposed. They just totally ignored all our comments!

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  19. #742

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,619

    Default Re: What YOU can do to fight back - IFT limit

    Were is ETAC and FRTIB, and how much money have you lost because of the 2 IFT rule. Time to get pissed off and let them know. Tell your friends and work, tell the SEC, tell the news.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  21. #743

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,619

    Default Re: What YOU can do to fight back - IFT limit

    Remember your voice was heard and they still made the change against the majority. Sound familiar, $700 billion?
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  23. #744

    Join Date
    Oct 2007
    Location
    Occoquan, VA
    Posts
    2,423

    Default Re: What YOU can do to fight back - IFT limit

    $700 Billion - Create panic in an already stressed market by saying that the financial house is on fire, we need every fire truck in town and all the water now! Get the world to start hoarding water in a panic when the bill doesn't pass the House. Get the retirement investment holders in a panic when they find out their drinking water levels have fallen overnight.

    IFT Limit - unfortunately this is typical squirelly stuff when the company gets complaints from their 401k manager that certain investors are jigging the system. I think we'd have trouble trying to equate the two, most people in TSP didn't care, and anyone outside would just think it typical.
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python

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