September 2020

Allocation Percentages for September 2020
F Fund

100%

C Fund

0%

S Fund

0%

I Fund

0%

August and July were amazing months for the C Fund and the stock market in general. I have generated significant returns in one of the most disruptive years on record, and I am confident the economy and the and our country will continue to recover. However, I am concerned. Most of you know I reserve investment in the F Fund for extreme situations. In most cases, there are strong indicators of an impending recession, stock market bubble, or other indicators to lead me to an extreme switch in investments. I have reached that conclusion for September. This market has been propped up by an incredible amount of Federal Reserve stimulus to keep the economy afloat while we deal with COVID-19. Once the pandemic has run its course, which I think will be rather soon, either through a vaccine or herd immunity, there will be little reason for the dramatic infusions of cash into the economy. The pillar keeping the market elevated will be removed. The presidential election also has me concerned. I will stay away from the politics. Rather what concerns me is the event itself and the ensuing aftermath (2000 comes to mind). The market hates uncertainty. In previous election years, we have seen negative returns leading up to the election; I expect this year to follow a similar path. In short, I am moving 100% of my allocation and new contributions to the F Fund as I think the potential reward of the C Fund is not worth the risk. I will keep a sharp eye out for changes in my assessment during September, and hopefully, market indicators of a return to the C, S, or I Fund will be strong.
           
  

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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