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Thread: The TSP and Chinese Investments

  1. #1

    Default The TSP and Chinese Investments

    GOP Senator Introduces Bill to Bar TSP Investment in China

    Sen. Tommy Tuberville, R-Ala., on Tuesday revived a debate over how federal workers should be able to invest their retirement savings, introducing a bill to block the agency that administers the Thrift Savings Plan from allowing participants to invest in a broader international index that includes Chinese corporations.
    More: https://www.govexec.com/pay-benefits...-china/174168/
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.


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  3. #2

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    Default Re: The TSP and Chinese Investments

    I agree with Sen. Tommy Tuberville.
    01/14/2022
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  5. #3

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    Default Re: The TSP and Chinese Investments

    I don't see a problem investing in a broader international index, just not China. Since they tend to steal American Corporate information.
    May the force be with us.

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  7. #4

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    Default Re: The TSP and Chinese Investments

    But cryptocurrency and marijuana in the S Fund is still okay!

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  9. #5

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    Default Re: The TSP and Chinese Investments

    Quote Originally Posted by bmneveu View Post
    But cryptocurrency and marijuana in the S Fund is still okay!
    Is the TSP invested in marijuana? I only ask because we got e-mail from headquarters specifically saying that government employees should not invest in marijuana.
    Scott Harrison
    Senatobia, MS

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  11. #6

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    Default Re: The TSP and Chinese Investments

    Quote Originally Posted by bmneveu View Post
    But cryptocurrency and marijuana in the S Fund is still okay!
    The only thing I know about cryptocurrency is that today you could be worth millions and tomorrow you are in the poor house. I have no problem with marijuana.
    May the force be with us.

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  13. #7

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    Default Re: The TSP and Chinese Investments

    The great thing about the TSP is being Index all the time we get great diversification at very low cost, but I welcome the day when I can move money into an actively managed fund. Ruling out China, mary jane, or tobacco and alcohol is a personal investor choice we don't have now. It cannot be ESG for everyone all the time. As such, I keep my IRA money at Fidelity. I have done a reverse rollover back into the TSP to clean things up for future ROTH conversions.

    I do oppose merging Social Security with TSP.

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  15. #8

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    Default Re: The TSP and Chinese Investments

    Too funny bmneveu, too damn funny...
    Lookin' up at the 'G Fund'!!!

  16.  
  17. #9

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    Default Re: The TSP and Chinese Investments

    Quote Originally Posted by rangerray View Post
    Is the TSP invested in marijuana? I only ask because we got e-mail from headquarters specifically saying that government employees should not invest in marijuana.
    Yup, I hadn't thought of that till I read bmneveu's nice sarcastic smack. Nice bmneveu, very nice

    The 'S Fund' holds ALL US equities excepting those held in the S&P 500. Thus, we are buying whacky tabacy and crypto. Me thinks I now understand why the 'S Fund' overperformed - time for a correction!!!!

    By the way, the 'I Fund' does NOT hold any Chinese equity/bonds. They are a 'developing' country, the 'I Fund' contains equities from Developed Ex-US countries (basically Europe and Japan).

    On another note, I DO NOT want some politician slug making my choices. With our luck China will become a valuable and reasonable nation state when this slugs brilliant bill gets voted on and enforced. Or, maybe that will happen a week after the vote. Stupid idea. Anyone not want to invest in German or Japanese equities out there...
    Lookin' up at the 'G Fund'!!!


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  19. #10

    Default Re: The TSP and Chinese Investments

    Quote Originally Posted by edfong View Post
    The great thing about the TSP is being Index all the time we get great diversification at very low cost, but I welcome the day when I can move money into an actively managed fund. Ruling out China, mary jane, or tobacco and alcohol is a personal investor choice we don't have now. It cannot be ESG for everyone all the time. As such, I keep my IRA money at Fidelity. I have done a reverse rollover back into the TSP to clean things up for future ROTH conversions.

    I do oppose merging Social Security with TSP.
    I would oppose this as well. didn't know it was being talked about and not sure how that would be executed since TSP is individual money of government employees and social security pays essentially all Americans. did you have an article or information source to point to?
    thank you.

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  21. #11

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    Default Re: The TSP and Chinese Investments

    RE: Marijuana; The majority of marijuana stocks are OTC (pink sheet) or ADR's that are not tracked on US indexes (READ "Indexes", not exchanges). There are a few, specifically the stocks in the REIT space that deal with marijuana properties, or the alcohol companies that have stakes in marijuana, but I'd be surprised if there were many pure play companies involved in the chemistry and medicinal distribution of marijuana.

    RE: China; They'd need to add a whole new fund to TSP that tracks something like emerging markets. Again, most Chinese companies with the exception of YUMC trade as ADR's on US exchanges and are not included in US indexes.

    Investing in C, S, I, G, F will never include most of the above unless the rules change.

    Here's the methodology for inclusion in the Wilshire 5000 index. https://www.wilshire.com/Portals/0/a...ethodology.pdf

    To be included in the Wilshire 5000 Index, an issue must:

    • Be the primary equity issue; a common stock, REIT or limited partnership;
    • Have its primary market listing in the United States; and
    • Not add bulletin-board or Pink Sheet issues. These issues are not included because they generally do not have consistently readily-available prices.
    A bit more detailed is the S&P Total Market Index methodology. https://www.spglobal.com/spdji/en/do...et-indices.pdf

    See pages 5-6.

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  23. #12

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    Default Re: The TSP and Chinese Investments

    Google "Hassett-Ghilarducci White Paper", it is more than just a possible UNLIKELY fix for Social Security. I do think the three Board Members replaced by Trump wanted to increase diversification by adding China, by making the I Fund more like the world economy by siding with what is made available to 401k investors. So far, Biden has not replaced the Trump appointees but has made the recent suggestion for reviewing TSP choices.

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