I just shared this with my cousin-in-law (publicly known as the Picasso of Snap Chat). He has literally more than 500,000 followers. we shall see how that goes.
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%
Apathy and ignorance.
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.
For those that don't know, A LOT of company retirement accounts require you to hold a fund for anywhere from 30 to 180 days. I'd hate to have to deal with those restrictions. This is the policy for Mutual of America:
"What Is Frequent Transfer Activity?
Mutual of America generally considers frequent transfer activity to have occurred if any purchase or transfer of approximately $10,000 or more in any investment fund and/or the Interest Accumulation Account under your annuity contract(s) is followed by redemptions of approximately $10,000 or more from that fund within a thirty (30) day period.
It also includes the reverse transaction into the same fund (e.g., redemption of approximately $10,000 or more from any fund, followed within thirty (30) days by a replacement of approximately $10,000 or more, regardless of the source). We monitor transfers in a fund across all of a customer’s annuity contracts. Therefore, a pair of transactions in the same fund is considered a frequent transfer even if each portion involves different annuity contracts."
Would I like a couple of more IFTs per month? Absolutely! However, that is available outside of TSP and nothing is keeping you from opening an account outside of TSP, either a taxable account or not. All you have to do is get off your duff and do it..................
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2302 signatures this morning. it does not look like we will get the support we need. If this petition was about saving pygmy geckos off the coast of some far away land i bet we'd get half a million signatures.
I really hate to disappoint anyone- BUT- when we did the petition at the time of the changes to the actual rule, we had around 4,000 signatures- and submitted them in accordance with the rules of the actual Federal Register / Administrative Procedures Act.
This petition is not a regulatory petition, and the Whitehouse Site has no legal authority to require any action. Just look at the current state of the Whitehouse Petition to require Trump to make his tax returns public- there are more than a MILLION signatures on that petition, and ...NOTHING.
https://petitions.whitehouse.gov/pet...use-compliance
All the Whitehouse.gov petition site is- (as set up by President Obama) is a way to ASK the government to do something- or make a statement related to something, AND there is no legal ramifications if they decide, like they have with the Taxes question- to simply ignore the will of the people.
We don't live in a democracy. Sorry.
I have transferred my savings out of TSP and into a brokerage account. No regrets here. I can trade all day and the only limitation I have now is waiting the three days for the funds to settle after a sell. It's so much easier to manage my investments than with TSP and I have way more more options to get into a specific area with ETF's.
(I still signed the petition)
TSP: 2007=6.4%, 2008=(39.95%), 2009=30.96%, 2010=17.04% , 2011=(4.92%), 2012=17.74%, 2013=26.58%, 2014=5.39%
TSP Talk: 2015=???
Me too. I left $50K in there just so I'd still have a TSP account, but most went to an IRA. No regrets either.
By the way, I'm not sure if you know but that 3 day settlement just means you can't sell anything you bought with your prior sale before the 3 days.
Example:
Sell $1000 worth of ABC.
Buy $1000 worth of XYZ that same day (allowed).
Can't sell XYZ until the 3rd day.
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.
Yes I'm aware. I just don't want to get in a habit of using unsettled funds in the event I miscalculate an entry and would like to get out. I do have one trade where I would have no issue using unsettled funds as I know I'll be holding that ETF for more than three days. Even if I got in too early and price drops after buying in.
TSP: 2007=6.4%, 2008=(39.95%), 2009=30.96%, 2010=17.04% , 2011=(4.92%), 2012=17.74%, 2013=26.58%, 2014=5.39%
TSP Talk: 2015=???
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