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
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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