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Return to Article: Consultants advise TSP not to change investment mix

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  "If it ain't broke, don't fix it." Leave the TSP with Barcley's and do not change what has been working. Competitive bidding will bring out the dishonest, Enron-style money managers and there will be no funds when people retire.

  Steve Burock Posted January 23, 2006 9:54 AM
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  Said it before but it is worth saying again:

  We now are one-third of the way through the fiscal year and still have no budget from Congress during a time of war! This illustrates the totally incompetent nature of our Congress! If the government did not need one-third of the funding for fiscal 2006, the Congress should be able to reduce the budget by one third without much trouble. The next ridiculous limit will be the government debt limit that should be reached in February. Therefore, the government should again increase the limit and keep up its ridiculous spending rate while reducing taxes. Government workers in the G fund for TSP again are likely to see the fund suspended. This is a really stupid limit because Congress never stops the spending and truly limits the government debt.

  The Chinese are likely to stop buying new debt and shift into other currencies to protect their reserves that are far too high in the U.S. dollar. That means that U.S. interest rates should rise and our economy will slow -- good planning by the administration. TSP participants should shift their investments into the I fund because the Chinese shift will cause the U.S. dollar to fall in value that will drive up the price of international stocks. Likewise, the price of foreign imports will rise -- particularly watch oil. You are paying for the administration's outrageous spending and tax cuts in the form of higher prices for goods and service (oil for one), as well as a debt level that requires the government to take all the available money for investment and stop business expansion and growth.

  Taxpayer Posted January 19, 2006 6:29 AM
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  First outside consultant ever, eh? And they couldn't find anything wrong with what the TSP has been doing for almost 20 years now? I guess that shows the private sector isn't smarter than the traditional feds after all.

  GovExec.com reader Posted January 17, 2006 11:21 PM