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Thread: TSP board to limit interfund transfers

  1. #1

    Default Re: TSP board to limit interfund transfers

    Who didn't see this coming?? scumbags


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  3. #2

    Default Re: TSP board to limit interfund transfers

    Im curious what the unions will think of this move. It seems they have been mysteriously absent from all this conversation.

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  5. #3

    Join Date
    Oct 2007
    Location
    Occoquan, VA
    Posts
    2,423

    Exclamation Re: TSP board to limit interfund transfers

    Y'All NEED TO READ THE ARTICLE BELOW, HERE'S A QUOTE:

    "The board overseeing the Thrift Savings Plan is taking aim at day traders by restricting the ability of plan participants to shift money between funds to only twice a month.... The board included one exception into the trading restrictions: Investors will be able to shift money into the lower-risk, lower-reward G Fund at any time.
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python

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  7. #4

    Default Re: TSP board to limit interfund transfers

    So 3000 people are shifting billions of dollars? So encouraging people to take an active interest comes with a stipulation now. Active as long as it is only 2 times a month. This is wrong. Blaming the 3000 for driving up costs? Come on.

    I think we should start a pool and see how many here at TSPTalk receive one of those "special" letters.
    "Nah man. I'm pretty @#$%^& far from OK."---??????

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  9. #5

    Default Re: TSP board limits frequent fund transfers

    Tell me this doesn't put the big squeeze on active members of this website - the related paysites here will not be happy with some serious changes to be afoot. Sounds to me like they are pushing the buy and forget Lfunds.

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  11. #6

    Join Date
    Jun 2004
    Location
    canonsburg, Pennsylvania, USA
    Posts
    207

    Default Re: TSP board to limit interfund transfers

    Quote Originally Posted by ChemEng View Post
    Im curious what the unions will think of this move. It seems they have been mysteriously absent from all this conversation.
    can you explain to me what the unions have to do with this matter, you better talk to your senator or state rep not the unions by the way i am an union steward

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  13. #7

    Default Re: TSP board to limit interfund transfers

    This is going to put the big squeeze on the traders on this website and the related paysites are not going to be too happy either. Sounds to me like they are pushing the buy and forget Lfunds.

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  15. #8

    Join Date
    Sep 2007
    Location
    Berwick Maine. (Were,,,, no one lives in Maine!!!)
    Posts
    281

    Default Re: TSP board to limit interfund transfers

    Quote Originally Posted by pogo View Post
    can you explain to me what the unions have to do with this matter, you better talk to your senator or state rep not the unions by the way i am an union steward
    Yes! It is an election year.... Their ears are open.!
    Never let your friends determine who your friends are going to be!.

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  17. #9

    Join Date
    Apr 2005
    Location
    Tucson, AZ
    Posts
    1,152

    Default Re: TSP board limits frequent fund transfers

    Oh, for the love of Mike (Causey). I agree, they are pushing the L-funds. I simply cannot believe it costs that much to shift funds around when it is all being performed by computer.
    To get to the light at the end of the tunnel, you have to be willing to face the train.


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  19. #10

    Join Date
    Jun 2004
    Location
    canonsburg, Pennsylvania, USA
    Posts
    207

    Default Re: TSP board to limit interfund transfers

    Quote Originally Posted by camper65 View Post
    Yes! It is an election year.... Their ears are open.!
    i"ll explain later i am to pi**ed-off right now---sorry
    Last edited by pogo; 11-19-2007 at 03:15 PM. Reason: spell wrong

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  21. #11

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    63,118

    Default Re: TSP board to limit interfund transfers

    A$$HO$$$! Attachment 2612
    10/19/2020
    LS CRUDE Oil
    =$40.83 a Barrel, Daily Status -$.05

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  23. #12

    Join Date
    Oct 2005
    Location
    rockville, md
    Posts
    1,667

    Default Re: TSP board to limit interfund transfers

    well..I was planning on maxing out a loan and dumping it into selling s&p options anyway...3.5% a month the past 6 months, and don't worry about it every day. Thank you TSP board

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