10/12/18

Good Evening, We got our bounce today although it took the dip buyers two tries to make it stick. All the major indices finished well in the green but finished deep in the red for the week. As I mentioned on Facebook today we’re not out of the woods just yet. Nevertheless, this is a good start. Yesterday our chart for the S Fund generated a sell signal. We were prepared to move to the G Fund this morning but canceled the interfund transfer after the stocks started to rise. I know from the amount of E mails and messages I received that a more than a few of you missed the deadline to cancel your ITF. By the matter of fact I was so busy answering messages that I too missed the deadline! Now that’s funny. As of the close of business my allocation is 100/G. If you are one of those who missed the deadline to cancel your transfer to the G don’t worry. As I told a few folks today you could end up with a better return if the market drops again on Monday. My advice and what I intend to do myself is burn my second interfund transfer to move back into the market if the coast is clear on Monday. If not, then I will stay were I’m at until everyone else moves to the G Fund. My expectation is that the market will continue to bounce but I might as well watch and make sure that it does before I use up my second Interfund Transfer. Just to keep this straight, if you canceled your move and are still invested at 100/S then you are where I intended to be. You are in the right place. The only thing is that my return on the auto tracker will be slightly different than yours as it will reflect a day in the G Fund. Who knows, those of us that missed the deadline might get lucky. What is it they say??? Oh yes. It’s better to be lucky than good. I’ll take it if it works for me!!! Here’s what the market did today. Our TSP allotment gained +0.65%. For comparison, the Dow added +1.15%, the Nasdaq +2.29%, and the S&P 500 +1.42%. I praise God that we finally had another day in the green! That’s it for tonight. I’m going to forgo the charts and let you all get started on your weekend. Prayerfully well be able to stay in equities next week until things pick back up. Have a great weekend and may God continue to bless your trades.

                                                                                                                                                     God bless, Scott 8-)
 
 ***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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  • 09/01/25

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  • 08/24/2024

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