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Thread: Less than 1 Percent Option (read only)

  1. #13

    Thumbs up Re: <1%IFT Option

    Quote Originally Posted by sauer228 View Post
    SB, say you put in a 97-0-1-1-1 and the next day you had gains resulting in 96.7-0-1.01-1.01-1.01. The day after the gains things are looking great in the morning and you decide to up things to 94-0-2-2-2. In the evening there is a major sell off and one or more of your stocks dips below 1%. I'm assuming the <1% transaction wouldn't go through as it is now a >1% transaction? Would the stocks that did not dip below 1% still be raised to 2% or would the entire transaction be canceled?
    I think my last post will help you understand what happens. But, no matter
    what the Market does on the day you make a <1%IFT, the transaction
    will go through as requested. You will show on the next day; 94-0-2-2-2

    You would have bought more shares at a cheaper price by taking your
    dollars out of the (G) Fund and buying enough risk fund shares to meet
    the 2% level.

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  3. #14

    Join Date
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    Default Re: <1%IFT Option

    Quote Originally Posted by sauer228 View Post
    I guess I should have clarified more...

    At the end of the down day you're sitting at 97.03-0-.99-.99-.99, but to start that day your were at 96.97-0-1.01-1.01-1.01. That day of losses will lock in before the transaction happens, right? Therefore you couldn't have a <1% from .99% to 2%.
    Your account balance will be less because the market went down but your percentages will be 94-0-2-2-2.

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  5. #15

    Exclamation Re: <1%IFT Option

    Quote Originally Posted by sauer228 View Post
    I guess I should have clarified more...

    At the end of the down day you're sitting at 97.03-0-.99-.99-.99, but to start that day your were at 96.97-0-1.01-1.01-1.01. That day of losses will lock in before the transaction happens, right? Therefore you couldn't have a <1% from .99% to 2%.
    Don't think at the end of the day ! Think of what you currently show on
    the TSP website and what you want for tomorrow. Yes, reality is that
    if you leave it alone, you'll have those .99%'s. But not if you do a the
    <1%IFT. The Fund Managers will take your ending balance and redistribute
    your account to refect the percentages you wished to have.

  6.  
  7. #16

    Exclamation Re: <1%IFT Option

    Quote Originally Posted by sauer228 View Post
    If I've used my 2 IFTs for the month then a move from .99 to 2 wouldn't be a <1% transfer.
    If you've used all your normal IFT's for the month and you had 1.01% to
    start the day with in any given fund, you can do a <1%IFT and Jack Up
    the percentage to 2%. The percentage at the end of the day does not
    affect your ability to do a <1%IFT. When the Fund Managers adjust your
    balance, they only care about the 1.01% being able to go to 2%. If the
    percentages you've stated today are 1.01% and you do a <1%IFT, your
    percentages will show 2% in that fund come tomorrow, I promise !

    Your ability to do a <1%IFT today is based on the percentages you currently
    show on the TSP Website. It is not based on what the market does in the future
    or at closing.

  8.  
  9. #17

    Default Re: <1%IFT Option

    Quote Originally Posted by sauer228 View Post
    Thanks SB. Judging by this it sounds like the IFT goes into effect before the closing prices that day.
    It looks like that, but everything you do before noon is effected by the
    closing share prices. Your forcing the Fund Managers to give you a IFT
    no matter what the outcome for the day.

    Yes, the IFT is locked in before the close. But the days outcome will
    determine if you bought shares cheaper (down) or at a higher price (up).

    If you do a <1%IFT, I invite you to print your current balance page and
    tomorrow morning, print the new page. Do a comparison and see what
    happens to your share and dollar amounts. Glad I could help !

  10.  
  11. #18

    Lightbulb Re: <1%IFT Option

    REMINDER:

    By doing a <1%IFT on April 1st, 2009 - It will count towards your 2 per
    month limit. A decision needs to be made. Leave it be until your ready
    to go in at higher levels or bail out by March 31, 2009 and wait on the
    sidelines. DON'T WASTE YOUR MORE IMPORTANT NORMAL IFT'S !


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  13. #19

    Join Date
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    Default Re: <1%IFT Option

    Quote Originally Posted by sauer228 View Post
    Thanks SB. Judging by this it sounds like the IFT goes into effect before the closing prices that day.

    As long as you make an IFT before noon eastern time the account percentages will be adusted to your account at the end of that trading day. If you make an IFT after noon eastern time the percentages take effect the next day, i.e. IFT made at 1:00pm Monday the percentages change end of trading on Tuesday.

    At the end of the day your account total is adjusted by the number of shares times the share price. Example 6072.1693 shares in the G fund times $12.7515 price per share at the end of the day equals $77,429.27.

    If you did not make an IFT for the day your number of shares will stay the same but your percetages will have to adjust to equal the total.

    If you did make an IFT for the day then the shares will adjust up or down to equal the total.
    May the force be with us.

  14.  
  15. #20

    Join Date
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    Default Re: <1%IFT Option

    Quote Originally Posted by nasa1974 View Post
    As long as you make an IFT before noon eastern time the account percentages will be adusted to your account at the end of that trading day. If you make an IFT after noon eastern time the percentages take effect the next day, i.e. IFT made at 1:00pm Monday the percentages change end of trading on Tuesday.

    At the end of the day your account total is adjusted by the number of shares times the share price. Example 6072.1693 shares in the G fund times $12.7515 price per share at the end of the day equals $77,429.27.

    If you did not make an IFT for the day your number of shares will stay the same but your percetages will have to adjust to equal the total.

    If you did make an IFT for the day then the shares will adjust up or down to equal the total.
    I wanted to show an example but had to go off to a meeting. Attached is an example of the <1% option and how it affects the shares and percentages. I hope this will answer most questions.
    May the force be with us.

  16.  
  17. #21

    Exclamation Re: <1%IFT Option

    That's a great sample and a big help Nasa, Thanks !

    Note: This document opens with Microsoft Excel and can be
    found within the Microsoft Office Suite. If you don't have the
    Office Program, you can download a FREE version called Excel
    Viewer from the Microsoft Web Site. The drawback to the free
    viewer is; "it only lets you view the document and not edit it with
    your specific dates and numbers".

  18.  
  19. #22

    Thumbs up Re: <1%IFT Option

    Quote Originally Posted by sauer228 View Post
    Thanks SB. Judging by this it sounds like the IFT goes into effect before the closing prices that day.
    By the way, I'm sure I'm not alone when I say; "we'd love to hear from
    you, should you decide to do a <1%IFT" That goes for all the membership.
    There's no such thing as a stupid question and the answers may help
    others who struggle with this concept. So please feel free to stop by
    at any time. Even if its just for a "Drive-By Hello"

  20.  
  21. Default Re: <1%IFT Option

    I think I understand how it works, but how do you actualy make the IFT. Do you make an IFT but leave the percentages as they are, forcing the system to recalculate them. (isn't that considered an IFT even though you didn't change anything??) or are you actualy injecting money into the TSP by changing your payrole allotment.
    Its not clear how you actualy doing the mechanics of it.
    Thanks

  22.  
  23. #24

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    10,056

    Default Re: <1%IFT Option

    Quote Originally Posted by Aule Mar View Post
    I think I understand how it works, but how do you actualy make the IFT. Do you make an IFT but leave the percentages as they are, forcing the system to recalculate them. (isn't that considered an IFT even though you didn't change anything??) or are you actualy injecting money into the TSP by changing your payrole allotment.
    Its not clear how you actualy doing the mechanics of it.
    Thanks
    AM, You are talking about a <1% IFT, correct?
    May the force be with us.

  24.  
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