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
2025-03-28 26.8594 13.8120 50.1902 15.1042 57.3059 15.7146 34.5059 17.2790 17.2769 17.2747 10.2384 18.9577 19.9738 88.4507 82.3925 44.2564
2025-03-27 26.9686 13.8746 50.6826 15.2667 57.9789 15.9125 34.9707 17.5702 17.5680 17.5657 10.4107 18.9555 19.8635 90.2289 84.2106 44.7319
Daily Change -0.4%-0.45%-0.97%-1.06%-1.16%-1.24%-1.33%-1.66%-1.66%-1.66%-1.66%0.01%0.56%-1.97%-2.16%-1.06%
Month to Date -0.82%-0.94%-2.24%-2.49%-2.74%-2.95%-3.16%-3.86%-3.86%-3.86%-3.86%0.33%-0.18%-6.17%-7.59%0.96%
Year to Date 0.44%0.37%-0.51%-0.66%-0.83%-0.97%-1.12%-1.73%-1.73%-1.73%-1.72%1.09%2.54%-4.82%-8.61%5.63%
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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