Oldschool provided this link in another thread:
U.S. Securities and Exchange Commission
Division of Investment Management:
April 2001 Letter to the ICI Regarding (FAIR) Valuation Issues
http://www.sec.gov/divisions/investm...tyle043001.htm
Hey eino, if you got that in a tabular form how about posting it....Originally Posted by eino
The Technician (escapades at times as Carnac)
Oldschool provided this link in another thread:
U.S. Securities and Exchange Commission
Division of Investment Management:
April 2001 Letter to the ICI Regarding (FAIR) Valuation Issues
http://www.sec.gov/divisions/investm...tyle043001.htm
FYI- Here's some data to fill in for the more recent dates not posted by eino. I've got a spread sheet where I downloaded the MSCI EAFE data and did some calculations and came up with the FV numbers below. If the FV (or difference) in my calculations was less than 3 cents, I set it to $0.00 so there could be some errors there if they ever do a FV for less than $03.
23-Jun-06 -$0.15
26-Jun-06 $0.48
27-Jun-06 $0.53
28-Jun-06 -$0.55
29-Jun-06 -$0.20
30-Jun-06 -$0.43
3-Jul-06 $0.41
5-Jul-06 $0.00
6-Jul-06 $0.00
7-Jul-06 -$0.28
10-Jul-06 -$0.13
11-Jul-06 $0.06
12-Jul-06 $0.00
13-Jul-06 $0.00
14-Jul-06 $0.00
17-Jul-06 $0.46
18-Jul-06 -$0.17
19-Jul-06 $0.00
20-Jul-06 $0.05
21-Jul-06 -$0.16
24-Jul-06 $0.00
25-Jul-06 $0.26
26-Jul-06 $0.09
27-Jul-06 -$0.36
28-Jul-06 -$0.17
31-Jul-06 $0.40
1-Aug-06 -$0.38
2-Aug-06 $0.43
3-Aug-06 -$0.50
4-Aug-06 $0.27
7-Aug-06 $0.11
8-Aug-06 -$0.23
9-Aug-06 $0.00
10-Aug-06 $0.17
11-Aug-06 $0.15
14-Aug-06 -$0.08
15-Aug-06 -$0.17
16-Aug-06 -$0.12
17-Aug-06 $0.10
18-Aug-06 -$0.08
21-Aug-06 -$0.05
22-Aug-06 $0.05
23-Aug-06 -$0.05
24-Aug-06 $0.14
25-Aug-06 $0.00
28-Aug-06 -$0.07
29-Aug-06 $0.00
30-Aug-06 $0.07
31-Aug-06 $0.18
1-Sep-06 -$0.26
5-Sep-06 $0.00
6-Sep-06 $0.00
7-Sep-06 $0.00
8-Sep-06 $0.00
11-Sep-06 -$0.11
12-Sep-06 $0.10
13-Sep-06 $0.00
Good trading comes from experience, and experience comes from bad trading! - anonymous
Remember, many of these are corrections to an FV, and not an FV themselves.
Good trading comes from experience, and experience comes from bad trading! - anonymous
Forget my input here. It is wrong.
Well, for anyone who has looked at my post of FV values very closely, (and is scratching their head) you will find that my data is bad. Somehow the dates I've downloaded from the MSCI EAFE site are not matching up with the dates for the calendar on the TSP site. Back to the drawing board, oh well.
Good trading comes from experience, and experience comes from bad trading! - anonymous
We only had 2 FV’s in September; which is down from the normal 20% to about 10% of the time.
It's starting to make sense, and can understand why a lot here are calculating what the FV would be on a certian day after trading.
Let me build a word problem and see if I'm close. I'll use this past Friday as an example (08/24/2007).
Nikkei was down slightly at close.
FTSE were basically flat.
US Market had a bit of positive bounce.
So the I fund should get a +FV (minus a possible 3% to zero value, or I guess could be said no FV) on Mondays close, +/- any FTSE gain/loss.
My hedge is, the FTSE will rally somewhat on Monday, a decent payday.
My other hedge is (using market forcast data of course) the US Market bounce will fall back harder than an anchor onto a pillow filled with Chinese chicken feathers Tuesday after the FTSE closes. Think they call that the dead cat bounce here
STOP
I do an IFT to be out of the I fund Monday night. I get to take the FV (+ or -) with me to the other fund. Lets use G as an example. The G doesn't pay it's penny until Tuesday close, and COB the IFT picks up the penny.
STOP
Anywhere close?
Last edited by tsptalk; 08-25-2007 at 09:59 PM. Reason: changed term "market" to "FTSE"
It has been assumed that Barclays calculates the FV from the EAF from about noon to market close. EAF moved from 77.5 to 78.3 during that time frame for a change of 0.8, or just over 1%, that’s close to the .21cents that 350Z calculated.
Now Monday we should have a Fair Value Correction (FVC) of minus 21 cents, but the overseas markets should rally enough to take care of that. Now if the USM tanks in the afternoon and we close 1% or more in the red, we could see a –FV on top of the FVC.
Thats correct, but IMO the penny will pay on Monday.I do an IFT to be out of the I fund Monday night. I get to take the FV (+ or -) with me to the other fund. Lets use G as an example. The G doesn't pay it's penny until Tuesday close, and COB the IFT picks up the penny.Close enough,STOP
Anywhere close?
I hope that I haven’t dazed and confused you any more.
Gilligan
Gilligan's Account Moves............................Gilligan's Account Talk
So assuming nothing occurs in the USM on Monday, and the FTSE didn’t do anything either, the I fund could be down the 21 cents even with gains neutral. All hypothetically of course.
I caught my penny mistake on the G fund shortly after posting this while visiting the TSP site. It's about a day over due from the looks of past payouts. I’m trying understand this, without thinking of the implications however J
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I've stopped worrying about the G-penny payday. A $100,000 (hypothetical)TSP account balance, 100% invested in the G fund, would hold 8278.1457 shares at $12.08/share and earn a grand total of $82.78 on the next penny payday. For me, moving to G is only for avoiding losses in the other funds. Unfortunately, I never seem to do it at the right time.
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