05/09/19

Good Evening, I’ll keep this brief tonight as I am playing bass for a 14 day revival which as you might imagine is taking up my evenings! Today we issued an alert to move our funds to the safety of the F Fund. The decision was based on the fact that some of our indicators outside of thrift reached the breaking point along with the fact that we had no trade agreement with China as of the closing bell. Given that the new tariffs on Chinese products are due to kick in at midnight tonight I didn’t want to take even the remotest chance that they would not be cancelled or delayed and allow after hours trading to destroy our hard earned profits while we were powerless to do anything about it. Of course the selling could conceivably go on throughout tomorrows session as well with no agreement. All that said, I still believe that an agreement can be reached before the midnight deadline. The Chinese Vice Premier Liu He is scheduled to have dinner with the American negotiators this evening so an agreement could be reached at that time. If that takes place we will re enter the equity market. If not we’ll stay in bonds. However given the fact that it would be Monday before we could move our TSP funds I just wasn’t willing to take  a chance that we would be fully exposed to equities with no trade agreement. Our TSP allotment closed the day with a loss of -0.30% after being down much more earlier in the session. That’s all for tonight! Have a nice evening and may God continue to bless your trades.

 

God bless, Scott Sunglasses
 
 ***Just a reminder that you can review the performance of our allocation at the Web Site TSPTALK.com in the autotracker section under the screen name KyFan1.
 
 
I produce and publish this blog as both a ministry and for the benefit of any Federal Government Employee. This is done to offer you some guidance as to how to approach your retirement more financially successful. When it is time for you to retire, I recommend you utilize the services of a Professional Money Manager, who works with a reputable investment firm. He understands the guidance you have already received and he can manage your savings assets utilizing a more advanced investment program into the future. 
 
If you would like to receive more information about this introduction, please feel free to contact me at  KyFan1@aol.com. 

 



Written By

Scott Grimes

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