Yes
No
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Rules:
- Trade what you see, not what you believe
- Don't put stuff in your signature that a Mod doesn't like
"Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle
Great Tools:
http://www.CreditKarma.com
http://www.Mint.com
http://www.SaveUp.com/r/nmJ
Thanks RMI for finding the thread.
May the force be with us.
Some corrections. It's <1%, I always confuse < & > and it is .01% to .99%.
Thanks again to RMI for finding the 2009 thread.
May the force be with us.
I think it should be. As others said, I don't mind paying a fee for a transaction. In a lot of cases, it could save you a ton of cash.
Look at today for instance, I sold a TNA and FAS position for a small gain (stopped out at +1% on both), but if I was forced to hold, it would have been a near double digit percentage loss on both positions. Possibly more than that, since with the IFT delay, I'd be forced to hold both today and till the end of tomorrow, if I were to request an IFT now.
I'd rather pay $10 for 2 transactions than lose 3-4% of my account any day.
So I just completed the poll question above. 100% of the people want the IFT rule to be changed and 0% of the people do not. That tells me that the rule will never be changed because the folks want it.
Could you imagine if everyone had to play by the same rules as we do...
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Yes it was hugely profitable because of the I fund being so heavily invested in the Nikki/Japan stocks. I remember if Nikki was rocking then you got in before 12pm almost certainly the next day the I fund would pop! There was suppose to be some kind of balance/mechanism there to ensure folks couldn't capitalize on that anomaly but man i know i sure did. Once the changed kick in, well that was it couldn't make easy money anymore. The rule should be changed...all this hype about making the tsp more aligned with other investing options...well where in the world is there a trading portal that only allows 2 trades a month! Total BS we've called them on it; they know it! You mean to tell me a $4.95 trading fee wouldn't offset the increased cost incurred of trades over the 2 monthly minimum...PLEASE!
James48843 did some great work many years ago when these limits were implemented, showing that costs were actually going down after they went to unlimited transactions. It was because Barclays at the time (bought out by Blackrock) was actually good at what they did. Here's an old post he made...
Federal Retirement Thrift Invesment Board
Better alignment...
Net Expense (2007 is YTD through December) Total G F C S I L-INC L2010 L2020 L2030 L2040 2000 0.05% 0.05% 0.07% 0.06% n/a 2001 0.06% 0.06% 0.06% 0.06% 0.05% 0.05% n/a 2002 0.06% 0.06% 0.06% 0.07% 0.07% 0.07% n/a 2003 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% n/a 2004 0.06% 0.06% 0.05% 0.06% 0.06% 0.06% n/a 2005 0.05% 0.04% 0.04% 0.05% 0.05% 0.05% 0.01% 0.02% 0.02% 0.02% 0.02% 2006 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 2007 0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02%
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Sorry I am on the road and can’t get to my data to post the most recent numbers, but the costs today are MUCH higher administrative expenses then back when we had unlimited trades.
I will try and get to a computer next week, and post up the most recent administrative expense figures.
Sent from my iPhone using TSP Talk Forums
I just checked.
For 2018, the annual administrative expense for all of the TSP funds was 0.041% per $1,000 invested.
That is exactly DOUBLE the administrative cost as it was in the years when we had unlimited trades. (2006 and 2007 is when we had unlimited trades, and many of us did three or four trades in a month at times.)
This figure is found on the Annual TSP statement form available when you log into your account.
Sent from my iPhone using TSP Talk Forums
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks