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Thread: 1 More IFT

  1. #13

    Default Re: 1 More IFT

    Quote Originally Posted by Weather View Post
    I'm all in for another monthly IFT. My question is: Why are TSP participants restricted to 2 IFT/month? Is it because processing an IFT is labor intensive or is a an issue with fund stability (too much money moving between funds creates instability)?
    The Ebbchart system used to trade a couple of times a week and after some impressive success he had a huge following. It caught the attention of the TSP folks who claimed the nearly daily trades were increasing costs, but we knew otherwise (for reasons I won't go into here).

    You can read a lot about what was going on back then (late 2007 / early 2008) and it was quite controversial. They did not like us very much....

    TSP Transfer Limits
    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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  3. #14

    Default Re: 1 More IFT

    Quote Originally Posted by tsptalk View Post
    The Ebbchart system used to trade a couple of times a week and after some impressive success he had a huge following. It caught the attention of the TSP folks who claimed the nearly daily trades were increasing costs, but we knew otherwise (for reasons I won't go into here).

    You can read a lot about what was going on back then (late 2007 / early 2008) and it was quite controversial. They did not like us very much....

    TSP Transfer Limits
    Wow, has it been that long already? RAZZOFRACKIN JERKS AT FRTIB!
    God bless the United States of America!

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  5. #15

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,960

    Default Re: 1 More IFT

    Quote Originally Posted by tsptalk View Post
    The Ebbchart system used to trade a couple of times a week and after some impressive success he had a huge following. It caught the attention of the TSP folks who claimed the nearly daily trades were increasing costs, but we knew otherwise (for reasons I won't go into here).

    You can read a lot about what was going on back then (late 2007 / early 2008) and it was quite controversial. They did not like us very much....

    TSP Transfer Limits
    Ahhh, the good ol' days of rampant day trading.
    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.

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  7. #16

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,148

    Default Re: 1 More IFT

    Count me in. One more trade a month could make a huge difference in being a positive or negative month.
    May the force be with us.

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  9. #17

    Default Re: 1 More IFT

    Count me in. The way I see it we really only have 1 IFT a month because the 2nd one is wasted fleeing to safety. With two buy-ins a month I don't have to choose to ride out a coming down-turn because I want to be in later in the month.

    Tom, if you need more ammuntion in this argument, you can point to people like me who are allowed to make 24 IFTs a year under the current rules but actually make far fewer because of the constraint of a single buy-in or wanting to enter a month invested.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
    Past Returns:
    2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%

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  11. #18

    Join Date
    Jul 2012
    Location
    Honolulu, Hawaii
    Posts
    1,823

    Default Re: 1 More IFT

    Any more IFT's i'm all game for. I really wish for full control and no deadline w/ transaction fees, but eh, i'll take what I can get. having that extra IFT would be really nice, I wouldn't have been stuck in G fund late last november if i had another IFT


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