Thread: I fund for March 08

Originally Posted by Pilgrim

Watch out for the FV. We will surely get killed this morning, but the PPT will be hard at work this afternoon. I wouldn't rule out a surprise rate cut sometime today. Would result in a big +FV today, have to be paid on Monday.

The problem is that the Fed hasn't got much more room to cut. I was watching CNBC this morning and they were talking about how the markets have priced in a 75 basis point cut for 3/18. 75 BASIS POINTS?! That's insane! One of the reasons that oil is at $105 a barrel is because the dollar is in the tank, and one of the reasons that the dollar is in the tank is because the Fed keeps cutting rates. At some point the Fed is going to have to say "Look, this is going to be painful, and all we are doing is forestalling the inevitable, so we may as well get it over with." Let the market correct itself and then get on with business.

Originally Posted by Nimrod1193

At some point the Fed is going to have to say "Look, this is going to be painful, and all we are doing is forestalling the inevitable, so we may as well get it over with." Let the market correct itself and then get on with business.

AMEN.

Originally Posted by Nimrod1193

The problem is that the Fed hasn't got much more room to cut. I was watching CNBC this morning and they were talking about how the markets have priced in a 75 basis point cut for 3/18. 75 BASIS POINTS?! That's insane! One of the reasons that oil is at $105 a barrel is because the dollar is in the tank, and one of the reasons that the dollar is in the tank is because the Fed keeps cutting rates. At some point the Fed is going to have to say "Look, this is going to be painful, and all we are doing is forestalling the inevitable, so we may as well get it over with." Let the market correct itself and then get on with business.

I think the Fed needs to raise the rates by 50 basis points, we need a shock to the system, and a correction to the dollar. We can not stay on this path much longer or I feel there will be a massive fall out from it.

Originally Posted by GUCHI

has anyone been stuck in the I fund like me since before the beginning of the year, and what do you plan to do ?????

thanks
guchi

Oh boy, someone asked

Guess I've been stuck looking at it from being able to frequently pull in earnings here and there. Not sure after today, but as of 03/05 my math put me at 6.5%. I'm sure that's about all gone today.

01/29 F @ 12.14 C @ 15.38 I @22.44 (each at 5%)
02/01 F @ 12.16 C @ 15.76 (outgoing) I @ 22.97 (rolled C into I, that kind of stung)
02/11 F@ 12.14 I @ 21.54
02/13 F @ 12.11 (outgoing) I @22.01 (rolled F into I)
02/27 I @23.21
03/03 I @ 22.50
03/05 I @ 23.43

I'm not that bright with numbers, took initial amount into F C I, I balance on 03/05 and figured percent increase. A plus FV on Monday would keep me in the safe zone (if there is such a thing). Surely, not easy to "make" money at this point (the government reserves that for themselves).

If I drops below $20.00 I'd worry, but not too much. Only playing with a very small portion of TSP investment.

As a tax payer, my status is officially single this year. Changed last years 23% contribution to 6%. Did a start up business with something I'd been doing as a "hobby", made investments into tooling, also brought in 100% business items previously used as personal. Included truck purchased cash in 2005 and two other large ticket items with 30% stated business use. Did not depreciate real property or take a home office deduction. Depreciated the personal equipment and rolled it into straight line depreciation, most over 7 years. Gross on business income last year was $3200.00, Net was something like -$12,000.00. Reduced my tax liability from both day job and business almost $2300.00 cold hard cash. Actually get a refund instead of owing $1800.00. Didn't cheat, just have to keep making purchases and investing in the business for a few years until this passes over. At least that plugged one bleeding hole.

As bad as my market skills are, it was a hell of a lot easier sitting behind this keyboard, following one of the Premium services, and raking in the cash. Now I have to work, and have tons of paperwork. I hate paperwork.

Don't keep "inventory", and only restore or refurbish from "cores" with everything rolled into the cost of a "unit" for tax purposes.
I fix junk according to the IRS, but actually hand make a lot of these items (from junk incase an agent is watching).

http://content.imagesocket.com/thumbs/14ac.jpg
http://content.imagesocket.com/thumbs/1af7a.jpg
http://content.imagesocket.com/thumbs/3a87a.jpg
http://content.imagesocket.com/thumbs/3cd37.jpg

Kind of doing the same with Afgan pine trees this year. 250 trees, goal is to pay off toyhauler with sales in 4 to 5 years. Hopefully the TSP has better investments for us by then and I can retire.

Originally Posted by ecilopaveht

I think the Fed needs to raise the rates by 50 basis points, we need a shock to the system, and a correction to the dollar. We can not stay on this path much longer or I feel there will be a massive fall out from it.

YOU'VE GOT MY VOTE !

eafe -1.76%

Friday EAFE total down $0.39
plus FV from Friday (previous) of $0.26= -$0.13

Friday's EAFE total down -$0.39
plus Friday's(previous) FV of $0.26 = -$0.13
minus today's FV of -$0.15= -$0.28

Down 28 cents.

-FV = 15 cents.

Edit: Good timing Corvette.

Originally Posted by 350zCommTech

Down 28 cents.

-FV = 15 cents.

Edit: Good timing Corvette.

It looked like a good idea for a -FV, but I could not see enough of a difference.

I need some help from Karnak.

G fund 12.36 push
F fund 12.03 up .03
C fund 14.65 down .12
S fund 17.52 down .14
I fund 21.91 down .28
FV for Monday (previous) =$0.15