January 2019

Allocation Percentages for January 2019
F Fund

0%

C Fund

100%

S Fund

0%

I Fund

0%

Happy New Year! This month has been the most volatile month I have ever seen. Obviously, the level of volatility corresponds to the level of uncertainty in company valuations, the economy, and larger macro-economic variables. With these uncertainties, it is unsettling to have any money in the markets. The Federal Reserve has been raising interest rates to levels we have not seen in a decade, and that is attracting a lot of investors for the safe harbor government bonds provide. So my position for the beginning of 2019 is the same as the last quarter of 2018, I'm still strong on the economy and the stock market. I'm long on the current economy, and while Sears is close to being liquidated, other companies are filling the void, and then some. I am concerned about the larger macro-economy, specifically tariffs and Brexit, and the impact these two events will have on the US economy and stock market. The tariff war is likely to continue for the next few months, if not longer, and this will create daily and monthly fluctuations in the stock market, but I believe, in the long term it will work out in our favor, and I see no need to invest in the F Fund as a protection. Brexit is also likely to continue to cause issues, both with the I Fund and the C Fund. I do not think any of the Brexit impacts are priced into the market at this point so when it is finally resolved, we will likely have a rally in the FTSE as certainty about the UK markets will return. Finally, I think corporate bonds (F Fund) might be riskier as well as many formerly strong companies (GE) are nearing junk status. 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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