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Thread: TSP, stung by participants who ...

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    Default TSP, stung by participants who ...

    TSP, stung by participants who abandon it, to stress customer service

    TSP, stung by participants who abandon it, to stress customer service - The Washington Post


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  3. #2

    Default Re: TSP, stung by participants who ...

    Quote Originally Posted by tsptalk View Post
    TSP, stung by participants who abandon it, to stress customer service

    TSP, stung by participants who abandon it, to stress customer service - The Washington Post

    How about we just get our daily IFT's back or better yet, real time trading with minimal fees and I would be happy. But once again, we see the idiots in charge trying to protect us from ourselves once again. Investing has its risks, we all knew that going into this.

    Frank

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  5. #3

    Default Re: TSP, stung by participants who ...

    Quote Originally Posted by tsptalk View Post
    TSP, stung by participants who abandon it, to stress customer service

    TSP, stung by participants who abandon it, to stress customer service - The Washington Post
    Hilarious. It's like it never crossed their mind that these people leaving are doing it because of the rules they imposed on us. We want flexibility. Not advice. Long is out of touch with tsp participants.
    100 G
    RSI - Relative Strength Indicator DMA - day moving average

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  7. #4

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    10,259

    Default Re: TSP, stung by participants who ...

    Long is out of touch. Some interesting comments though.
    May the force be with us.

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  9. #5

    Default Re: TSP, stung by participants who ...

    At the end of 2007 the market was doing so well they thought they'd save us from ourselves by implementing limits on our IFT's. We all know what happened in 2008.

    Now we've had a 6 year bull market and they want to tweak things again. It's probably no coincidence. Could be an indication of another peak in the market coming.

    They were concerned about costs of transaction fees in 2007. Where is the money going to come from to pay for your co-workers assistance?

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  11. #6

    Join Date
    Jan 2011
    Location
    El Paso Texas
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    9,854

    Default Re: TSP, stung by participants who ...

    Even a 4 IFT's a month would satisfy 75% of us. 3 IFT's and a 3 PM EST deadline would make me happy too. Long still wants to think for us.
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

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  13. #7

    Default Re: TSP, stung by participants who ...

    Agree. I'd even take 3 with the free G fund moves. That would allow us to buy and sell twice a month.

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  15. #8

    Join Date
    Jan 2011
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    9,854

    Default Re: TSP, stung by participants who ...

    Quote Originally Posted by tsptalk View Post
    Agree. I'd even take 3 with the free G fund moves. That would allow us to buy and sell twice a month.
    Yeah moves to G fund that don't count toward IFT limit.
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

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  17. #9

    Join Date
    Sep 2007
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    Almost Heaven
    Posts
    1,939

    Default Re: TSP, stung by participants who ...

    Three and "free" to the G would suit me just fine.

    Kinda catchy, too. Gonna steal it and trademark/copyright it now.
    Which one of you nuts has got any guts? -- Randle P. McMurphy
    ... stupidity will always find a way. -- Nnuut


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  19. #10

    Default Re: TSP, stung by participants who ...

    the tsp board does not want to help or advise you with your retirement, they want to hold on to their monopoly of $454 billion under 'management'. over half of tsp account holders leave and transfer their funds when they have the choice at retirement.

    the article talks about contact with a human representative when you want to take a loan or distribution and not having you transfer those funds to a private commercial account that provides more flexibility and access to 'your' funds. how would you like to have to convince some account representative specialist schmuck in a call center that yes you really want to access your tsp funds before they will cut the check? they are talking about requiring a human gatekeeper at the chokepoints of withdrawal to 'assist' you in making your choice.

    5 investment choices, 2 trades per month, decide by noon and get what you get 4 hours later. hmmmm. i guarandamtee you if you give me $454 billion to play with and a 4 hour market float before transaction clearing everyday, i will be filthy stinkin rich. gov tsp captive investors are the biggest barrel of easy to shoot fish left in the scam pond.
    100g

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  21. #11

    Join Date
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    Almost Heaven
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    Default Re: TSP, stung by participants who ...

    Quote Originally Posted by burrocrat View Post

    the article talks about contact with a human representative when you want to take a loan or distribution and not having you transfer those funds to a private commercial account that provides more flexibility and access to 'your' funds. how would you like to have to convince some account representative specialist schmuck in a call center that yes you really want to access your tsp funds before they will cut the check? they are talking about requiring a human gatekeeper at the chokepoints of withdrawal to 'assist' you in making your choice.
    Yep, I believe that's a load of BS as well.
    Which one of you nuts has got any guts? -- Randle P. McMurphy
    ... stupidity will always find a way. -- Nnuut

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  23. #12

    Default Re: TSP, stung by participants who ...

    It seems that many would/should be suspect of unexpected telephone calls from “TSP advisers". They do note that in the article, but they don’t address the restrictive trading and withdrawal policies as a possible “reason” retirees transfer the funds to an IRA.

    I would not want TSP telephone operators calling me and suggesting what I should be doing. I do agree if they want to “step up” service they should look at the policies … why don’t they ask the 4.7 million asset owners what they want??

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