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Thread: Pay Per Transfer?

  1. #25

    Join Date
    Sep 2004
    Location
    Surfing, USA
    Posts
    1,647

    Default Re: Pay Per Transfer?

    Very interesting....

    Best news I've heard in a while. Not that I want to move a lot right now, but in the future.

    I've been seething under the surface since this last spring. I guess that is part of the reason I have not stopped by more often. That and I don't want to be reminded of how bad the market is right now.

    Hope it pans out.
    A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk

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  3. #26

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,999

    Default Re: Pay Per Transfer?

    Quote Originally Posted by fabijo View Post
    This really burns me up.

    The mindset of ignorance is prevalent and encouraged all over, not just for retirement. Anybody who decides to study, think, or find out anything for themselves becomes a stranger and an outcast.
    Thanks fabijo, I honestly believe that, in truth, she was a little jealous that I have been planning my retirement since I started working. I mean, who wants to work for the rest of their life?

    But, if I took most other people's lead, I'd never have a retirement. I won't call myself an outcast, just part of the chosen few!!!!!

    Just like everyone here at the MB.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position

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  5. #27

    Join Date
    Mar 2006
    Location
    Peoples Republic of Ohio
    Posts
    2,373

    Default Re: Pay Per Transfer?

    Good to see ya FS,

    I sure have missed your posts, but I can understand your anger towards barclay's biatches. I still get angry thinking about it.

    CB
    “Most men and women will grow up to love their servitude and will never dream of revolution.” - Huxley’s Brave New World


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  7. #28

    Join Date
    Apr 2005
    Posts
    14,685
    Blog Entries
    13

    Default Re: Pay Per Transfer?

    Regarding that rumor on possible pay per move-

    I was not able to find anything in any of the minutes of the meetings about that, nor from anyone on the ETAC.

    However, I DID find one interesting tidbit in the hard data:

    Since the Thrift Board announced the imposition of trading limits, the number of FERS participants making contributions to the TSP has, for the first time in the fund's history, actually DROPPED. Previously, every month since 1987 the number of participants has gone up. But suddnely, there is a change:

    January 2008: 1,681,000
    February 2008: 1,675,000
    March 2008 : 1,674,000
    April 2008: 1,672,000
    May 2008: 1,669,000

    How about that?

    Impose limits, and more people are turned off to doing the TSP.

    Amazing how the free market works, isn't it? There were 20,000 FEWER FERS people contributing to the TSP in May than in January.

    You don't think that maybe that might be a factor in reconsidering a pay-for-trade plan of some kind?

  8.  
  9. #29

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

    Default Re: Pay Per Transfer?

    Quote Originally Posted by Frixxxx View Post
    Thanks fabijo, I honestly believe that, in truth, she was a little jealous that I have been planning my retirement since I started working. I mean, who wants to work for the rest of their life?
    If it were me, I'd give new-hires a retirement class on their first week of employment. In the days of the TSP, the 401k and similiar investment vehicles, you really need to have time working with you. Not only does it lead to saner investments but you don't stress out as much in the later years trying to play catch-up as well.
    To get to the light at the end of the tunnel, you have to be willing to face the train.

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  11. #30

    Exclamation Re: Pay Per Transfer?

    As promised, I had a fellow staff member forward Mr. Mcleod's original
    response to my home email address. It didn't add too much to the one
    I posted earlier, however, it was worded a bit differently. Here it is;

    >>> "Wayne McLeod" Monday, September 15, 2008 8:25 AM >>>

    They are working on this proposal now and should have resolution shortly.
    The FRTIB doesn't disclose information like Congress but rest assured they
    are working on this matter.

    Wayne

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  13. #31

    Default Re: Pay Per Transfer?

    Any time I traded using Financial Institutions (Lehman, Merril Lynch and others...)I'm pretty sure the charge for BUYING was 6% of the total assets invested - and My Bank charged the same amount when I use to transfer accounts at home and do stock trading.

    I've not used any of them for ages - but even if we were charged 2% (which from their perspective is a steel) - it would way more keep me looking for LOW lows and HIGH highs.

    Anyway let's hope if there is a charge for IFTs it's $50.00 or something we all could be happy with.

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  15. #32

    Default Re: Pay Per Transfer?

    How 'bout $6.00 trades? $50.00?

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  17. #33

    Exclamation Re: Pay Per Transfer?

    Quote Originally Posted by Fivetears View Post
    How 'bout $6.00 trades? $50.00?
    How about just giving us back what they took from us to begin with.
    I promise not to sue them for my losses since then! Yes I know, Don't
    hold my breathe! $6 dollars per trade sounds competative with ETrade
    and other such companies, but won't address their goals of keeping
    IFT's to a minimum. Expect the pricing structure to be a deterant.

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  19. #34

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,619

    Default Re: Pay Per Transfer?

    How about something like 50 trades a year at anytime we like and then a fee for additional trades.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  21. #35

    Thumbs up Re: Pay Per Transfer?

    Quote Originally Posted by Show-me View Post
    How about something like 50 trades a year at anytime we like and then a fee for additional trades.
    50? I got one thing to say about that ! SHOW-ME FOR PRESIDENT !

  22.  
  23. #36

    Default Re: Pay Per Transfer?

    Quote Originally Posted by Show-me View Post
    How about something like 50 trades a year at anytime we like and then a fee for additional trades.
    I'll second that !

    All in favor: Arms wave with cheers and lots of activity

    All opposed: Dead silence - only eyes rolled to scan the crowd

    Move on it - GET IT DONE.


  24.  
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