August 2020

Allocation Percentages for August 2020
F Fund

0%

C Fund

100%

S Fund

0%

I Fund

0%

Welcome to August, the month of summer vacations, back to school activities, pre-season NFL games, the baseball is in the final stretch, and COVID? Of course, all the above has radically changed since March of this year. Making investment decisions has been particularly tough this year with the almost totally uncertainty this virus, the accompanying panic, massive cash infusions in the market, record unemployment, and general systematic disruption to our economy. As most of you will have noted, I have stayed with the C Fund for the entire year. This is despite the F Fund's steady success and returns throughout the year of 1-1.9% with one down month. My rationale for avoiding the F Fund, unlike the Lifecycle funds, is I see it not as a hedge against the C, S, and I but as a safe haven when those three funds show signs they will all be strongly negative. Investing in the F Fund will almost always lower my returns compared to a straight investment in one or all the C, S, and I Funds. I had very strong signals this year to move to the F Fund, but most of that was driven by fear, and that is not how I invest. For August, I think we are still going to see flat to moderate returns. Again, not because companies are doing well, but because of the cash influx into the economy. I also think any political disruptions will probably be delayed until September or October-this is the hardest to plan for as they are always so unexpected. Here's to a vaccine and to August 2020! 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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