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Thread: Time set needed to resetIFT'sthat day , EST

  1. #1

    Default Time set needed to resetIFT'sthat day , EST

    I had reset my TSP. gov account, then got to update my tsptalk awhile later. I am curious to know If Anyone knows what time an IFT needs to be by to till count for having your IFT's changed that day. I had heard a lot of markets falling (again) and I had moved all by 6:30am, EST. Will I have dodged the drop it took today?
    Or will I just loose out when we get a dead cat bounce?
    2 IFT's! That's it, Be cautious & WISE!


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  3. #2

    Default Re: Time set needed to resetIFT'sthat day , EST

    Before 12:00 ET = COB transaction. After 12:00 ET = following day's COB.

    If you made your IFT at 6:30 ET today (Monday) it would not have moved for today's market action. You will buy / sell at today's COB closing share prices and tomorrow you'll be in your new allocation.
    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.

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  5. #3

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    Default Re: Time set needed to resetIFT'sthat day , EST

    To simplify some of what Tom says,

    Quote Originally Posted by dannyboy View Post
    ...Will I have dodged the drop it took today?
    No. Unfortunately.

    Quote Originally Posted by dannyboy View Post
    ...Or will I just loose out when we get a dead cat bounce?
    You will miss the bounce if we bounce tomorrow. Unfortunately.

    Although you framed your questions as "either/or;" the answer is ... more complicated.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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