Thread: TSP Limits Plus Free G-fund Moves

Originally Posted by DreamboatAnnie

Actually, the first two moves of the month count no matter what you do. Thereafter, you can only reduce bond/stock exposure to go into the G fund...as much as you like and as many times as you liked under old system.

However, Retread (in FWM's thread, post #1045) reported that under new system (using a 3rd IFT) he could not just reduce one stock fund, but instead had to reduce from both stock funds to be able to move anything back to safety of G fund. Retread said he moved it all to G100% from both S and C, although he had only wanted to move money from one stock fund to G fund. So, it seems there is another bug that needs to be fixed with new system.

P.S. Sorry for commenting here. Maybe admin would like to move this discussion to TSP issues thread
P.S.S. Sorry Retread for pegging you as a "he". No offense intended, but no idea...all those genders and identities out there are very confusing.

I don't think that's it (have to move out of more than one fund) but maybe; more likely, they probably got rid of that rounding that they used to allow. So no going from 19.99999% to 20%, for example, got to go down to at least 19%. I've made a couple moves averaging out this month (not as fast as I would have liked), but always with all funds, not just one. Haven't tried to round yet with this new system.

Originally Posted by amoeba

I don't think that's it (have to move out of more than one fund) but maybe; more likely, they probably got rid of that rounding that they used to allow. So no going from 19.99999% to 20%, for example, got to go down to at least 19%. I've made a couple moves averaging out this month (not as fast as I would have liked), but always with all funds, not just one. Haven't tried to round yet with this new system.

The rounding of funds or the <1% move was always across the board not just one fund. At least that was the experience I had.

Maybe Retread can clarify what he attempted that did not work per newly moved post#5 in current thread). So, was it rounding a percent up or1%? Retread did not mention anything about attempting a rounded or less than 1% move, but that is common to round to nearest percent.

Originally Posted by DreamboatAnnie

Maybe Retread can clarify what he attempted that did not work per newly moved post#5 in current thread). So, was it rounding a percent up or1%? Retread did not mention anything about attempting a rounded or less than 1% move, but that is common to round to nearest percent.

No I wasn't talking about the rounding thing.

It is working as I always thought it should. So I did a test this morning. Currently at 70G 15C 15S (after 2 official IFT's). Went with 80G 15C 5S (so keeping one fund the same and dropping the other) and it DID let me do it this time. This is normal and how it's supposed to work. I must have goofed something up yesterday. I apologize for any confusion and consternation.

Originally Posted by retread

No I wasn't talking about the rounding thing.

It is working as I always thought it should. So I did a test this morning. Currently at 70G 15C 15S (after 2 official IFT's). Went with 80G 15C 5S (so keeping one fund the same and dropping the other) and it DID let me do it this time. This is normal and how it's supposed to work. I must have goofed something up yesterday. I apologize for any confusion and consternation.

No that's good. We are testing the system and if we don't ask questions we don't understand.

Originally Posted by Epic

​So, if that's the case, then any moves to G-Fund shouldn't count against our allotted 2 IFT's for the month.
For example:
1st move of the month 100% S (counts)
2nd move of the month 100% G (shouldn't count)
3rd move of the month 50%C / 50%S (counts)
4th move of the month 30%G (shouldn't count)
5th move of the month 70%G (shouldnt count)
You get the idea . . . . .

The ones that run TSP are quite content at gleefully spoon feeding us a bunch of horse crap with the presumption that we'll just sit here and take it like a bunch of idiots.........
They do not care​ about us one bit.

Sorry FWM. didn't mean to clutter up your Account Thread. I'm out ......

Each calendar month, your first two reallocations or fund transfers may be used to redistribute money in your account among any of the TSP fund However, if any part of your 1st transfer is to G, that still counts as your 1st transfer, and if any part of your 2nd transfer is to G, that still counts as your 2nd transfer. Those first 2 transfers COUNT, even if it's to G. You can't transfer OUT of G until the first day of the next month. I think Dreamboat Annie said the same thing in another reply.

Originally Posted by Epic

So here's the funny thing I thought about.
So they only allow us 2 IFT's a month initially (even if one of those is into G-Fund), because they say it's too much paperwork to process if they allow us more. But then after those are used up, we have infinite (one a day) moves into G-fund for the rest of that month. So in a month (say 30 days) I can use my first 2 allotted moves the first 2 days of the month, and then every day (28 times) for the rest of that month I can move lets say $10.00 a day into G-Fund, and that's perfectly fine and has no affect on paperwork and or processing ?????? WTF ? ? ? ? ? It's the same goddam thing.

Originally Posted by nasa1974

I'm guessing that the unlimited moves into the "G" fund have no processing fees unlike moving multiple time between the other funds.

Going back to 2008 when they decided to limit IFT's and blame it on 3000+ TSP members "day trading" and figuring out the "G-penny payday" - supposedly profiting at the expense of inactive members. The REAL reason was Barclay's mismanagement. Barclay had the TSP contract for 20 years, since the inception of TSP. There was a Congressional investigation, 500+ members were banned from regular trading - they could only snail mail or fax IFT requests, until the 2/month rule was put in place. I was one of the "Bad 3K" After they did that, one of our members figured out the "rounding" and <1% IFT trades, so FRTIB decided to go to 4 decimal places and do some other tricks to trip us up.

Here's the real story. I've just come back to the MB, but oh do I remember this!

https://www.tsp.gov/bulletins/08-4.pdf - be sure to go to page 9.

Barclays Sums Don't Add Up for Doubtful
TSP board to limit interfund transfers
https://www.fedsmith.com/2007/11/19/...m-tsp-returns/
Show-me Account Talk

http://www.tsptalk.com/mb/132980-post86.html
and
http://www.tsptalk.com/mb/138915-post513.html

Why it is what it is. "The meat" starts on page 9.
https://www.tsp.gov/bulletins/08-4.pdf

Thanks l2r that dragged up some old memories.
Squalbear was the one that came up with the <1% idea. I worked with him on it and actually used my account to test it out.

Originally Posted by luv2read

Why it is what it is. "The meat" starts on page 9.
https://www.tsp.gov/bulletins/08-4.pdf

"Second, the G Fund has been subjected to a frequent transfer/market timing practice that is particularly insidious." interesting!

Federal Register / Vol. 73, No. 80 / Thursday, April 24, 2008 / Rules and Regulations

Some of the frequent interfund transferors have determined that by making one-day round trips in and out of the G Fund three to five times each month, they are able to effectively collect a full month’s worth of G Fund earnings for just three to five days of actual G Fund investment. The windfall they secure comes at the direct expense of long-term G Fund investors who never anticipated that their safe retirement investment would be subjected to such mercenary treatment by their fellow TSP participants.

Practitioners visit a Web site in order to compare notes and calculations to assist each other in the execution of this scheme. They congregate at a message board which they have aptly titled ‘‘G Fund Payday.’’ Indeed, like ghost workers, these individuals only show up in the G Fund on the days when their calculations show that G Fund shares will increase in value. With a finite amount of earnings to be allocated, these individuals unquestionably dilute G Fund value at the expense of long-term investors.

Last activity on that thread was August 2008.

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