December 2018

Allocation Percentages for December 2018
F Fund

0%

C Fund

100%

S Fund

0%

I Fund

0%

Nice to have a positive month and a positive day to end on. We are seeing a lot of turbulent issues affecting the markets. Brexit, more than 2 years on is still weighing on the international markets, tariffs are playing a major role, uncertainty across the EU and Italy, and the fall of the tech/social media stocks are really making investing options very difficult. Even corporate bonds are being impacted as many companies that once entertained high bond ratings are nearing junk status. To provide specific examples, Apple is no longer the largest company by market capitalization anymore, Microsoft has once again regained the title. General Electric, once a company with $500B market capitalization is now nearing junk bond status with a debt burden over $100B and no good options. So although we are seeing devaluations of major companies and the evaporation of wealth in these companies, it is not widespread as other companies are still showing positive earnings and are adopting prudent strategies to pay down their debt burden. As a result, the churn in the markets makes for very volatile intra-day and intra-week swings. Trying to chase these swings with individual stocks is very difficult, chasing them with investment vehicles like the TSP are nigh impossible. Our markets appear to be operating as expected; not always efficiently, but when companies become overvalued, struggle in their sales, or make poor decisions and another company steps in to take market share, the markets adjust. I am comfortable with remaining 100% in the C Fund. Keep investing!
           
  

TSP FUND QUOTES

Date L Income L 2025 L 2030 L 2035 L 2040 L 2045 L 2050 L 2055 L 2060 L 2065 L 2070 G Fund F Fund C Fund S Fund I Fund
2024-11-22 26.8071 13.8108 51.0235 15.4040 58.6345 16.1249 35.5088 17.9670 17.9648 17.9624 10.6429 18.6680 19.5294 94.1871 96.2559 42.6555
2024-11-21 26.7630 13.7847 50.8402 15.3435 58.3842 16.0512 35.3363 17.8624 17.8602 17.8579 10.5814 18.6658 19.5205 93.8581 94.6413 42.4370
Daily Change 0.16%0.19%0.36%0.39%0.43%0.46%0.49%0.59%0.59%0.59%0.58%0.01%0.05%0.35%1.71%0.51%
Month to Date 1.08%1.22%2.18%2.37%2.56%2.72%2.89%3.49%3.49%3.49%3.46%0.26%-0.33%4.74%11.13%-1.08%
Year to Date 7.64%8.67%12.8%13.65%14.52%15.26%16.02%18.82%18.82%18.82%0%3.92%1.6%26.66%24.85%6.16%
Details L Income L 2025 L 2030 L 2035 L 2040 L 2045 L 2050 L 2055 L 2060 L 2065 L 2070 G Fund F Fund C Fund S Fund I Fund
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