Subscribe to our free email list to get our news updates in your inbox. Focus on active risk management and capital preservation. TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. Hispanic federal employees were a very close second with a salary increase of 12.65%. Follow Ralph on Twitter: @RalphSmith47. Aggregate Bond ETF (AGG). And yet we turn around and observe actually that everything has gone up widely in price. This continued until the markets broke in 2020 and the . TSP Thrift Savings Plan Talk - TSP Talk provides TSP fund allocation information and help for government employees and military personnel participating in the TSP (Thrift Savings Plan) program. This column does not address that issue. Currently, there are about 6.2 million TSP account holders. The fixed income bonds in the F Fund lost 1.08% in value in February, bringing its performance since January down to -3.15%. 2023 FedSmith Inc. All rights reserved. It is still impacting performance of the stock market. Addressing current issues and identifying opportunities for ongoing improvement remains the programs top priority. The S Fund still has the most dismal performance among the core funds for the year as it is down -20.63%. In 2017, for example, the I Fund had a return of 25.42%doing better than any of the other TSP stock funds. This will let you see the candle sticks better sometimes. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? We will find out in January 2024 if 2023 was one of those years in which the relatively small I Fund does better than the others in the TSP portfolio. The year did not start off well. 330,000 TSP participants have updated their beneficiaries using the new version of the website. Who are you going to believe, the experts or your own eyes?, writes The Epoch Times. All of the data are from OPM. L 2055 Fund. free TSP Fund price and performance updates via email. GAO has agreed to investigate the recent problems that have plagued the TSP since the launch of the new website and features in June. With the Biden administration striving to put the topic of racial equity in the forefront of government policy on a wide variety of topics, what are the differences in average federal pay by racial groups over a period of years? Federal government websites often end in .gov or .mil. - Personal Investment Performance (PIP) computation. 2023 Ralph R. Smith. may not be reproduced without express written consent from Ralph R. Smith. Seasonal Investing with the Thrift Savings Plan (TSP) Welcome, everyone! Then, in a surprise to many investors, prices rebounded and stocks had a great yearrewarding those who bought stocks during the downturn or held on to their stocks for the duration. January 3, 2022. The stocks in the S&P 500 Index represent approximately 85% of the market value of the U.S. stock markets. Aggregate Bond Index, a broad index representing the U.S. bond market. Published: January 25, 2023. Weight, 120 Lbs. Will 2023 provide a similar return for investors? There are approximately six million Thrift Saving Plan (TSP) participants who are federal employees, active military, and federal . By the end of January, the satisfaction rate was at 88.74%. 2023 FedSmith Inc. All rights reserved. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters onfederal human resources. In other words, inflation is still with us, the Federal Reserve is likely to continue its policy on rate increases, and this may have an impact on stock prices. Before sharing sensitive information, make sure youre on a federal government site. The app pulls TSP daily prices and displays fund price changes for 5-day, 30-day, 90-day and 12-months to allow you to make informed decisions about your TSP account. In 2008, here were the yearly returns for the TSPs stock funds and how these same funds performed in 2009 after the debacle of 2008: There have always been ups and downs in the stock market. All of the current and historical daily share prices for the Thrift Savings Plan (TSP) are listed below. Note that the benchmark drawdowns (-23.2%) are significantly worse than the strategy drawdowns (-10.2%). It is human nature to look to more recent events and react to that recent information. *Note: TSP share prices are updated by approximately 8 pm EST each evening; however, heavy trading days or technical issues sometimes delay the posting of share prices until later . For November though, the S Fund gained 3.59%. InMarch 2020, the C Fund went down 12.40% in the month. No. The author explains the top three ways federal employees can ruin their retirements from her series 10 Easy Ways to Ruin a Federal Retirement. The biggest monthly decrease was in the L 2055, 2060 and 2065 funds which ended at -7.25% in June. It may be an inherent bias is reflected in the headlines. TSP Thrift Savings Plan Talk - TSP Talk provides TSP fund allocation information and help for government employees and military personnel participating in the TSP (Thrift Savings Plan) program. 04/30/21: Prior Prices : Fund: G Fund: F Fund: C Fund: S Fund: I Fund: Price : 16.5744 20.655: 62.5284: 83.3603: 37.769 . Daily, monthly and annual TSP performance, rates of return, and daily TSP share prices are among the data provided, and we also offer a free email newsletter with a weekly update on the TSP funds' performance. A topic that has captured considerable interest among FedSmith readers in the past few months among Thrift Savings Plan (TSP) investors is the status and performance of the new TSP website. Performance results before this date represent a hypothetical strategy backtest. Also send me occasional emails about TSP Folio's approach to investing in the TSP (our newsletter). QQQ, or the Invesco QQQ Trust, is an exchange-traded fund that trades on the Nasdaq under the symbol QQQ. At the end of October, the I Fund was still down -22.90%. The Office of Personnel Management (OPM) keeps official statistics on this issue. The fund uses a "passive management" (indexing) investment approach, designed to match the performance of the Bloomberg U.S. At the end of September, the C Fund was down significantly. In January 2022, the C Fund lost 5.18%, the S Fund was down 10.07% and the I Fund was down 3.96%. TSP investors using the website are using the digital, self-service channels. Here is an update on 2022 TSP fund performance and how TSP website problems have been rectified. The program continues to consistently achieve key contract performance measures. Will this impact TSP investments? The F Fund was the only TSP portfolio in the red in 2021, declining 1.46%. A FedSmith headline that month read: TSP Performance for September: Worst Nine Months for Stocks Since 2002. Fluctuating input costs and volatile grain and oilseed markets continue to add uncertainty to farm business profitability. (Non-Starters For A Claiming Price Of $40,000 Or . This page is NOT optimized for mobile devices. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters onfederal human resources. So, the good news is that it could have been worse (and has been worse in earlier decades). The C Fund's investment objective is to match the performance of the Standard and Poor's 500 (S&P 500) Index, a broad market index made up of stocks of 500 large to medium-sized U.S. companies. Will China invade Taiwan? Follow Ralph on Twitter: @RalphSmith47. Federal government websites often end in .gov or .mil. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? TSP has an obligation to disclose these cookies. The protestations have arisen fairly suddenly around a form of entertainment that has long had a place on the mainstream American stage.. Milton Berle, "Mr. Television" himself, was appearing in drag on the public airwaves as early as the 1950s on "Texaco Star Theater." "RuPaul's Drag Race" is a bona fide cultural phenomenon. The majority of current federal employees are under theFederal Employees Retirement System (FERS). Advertise | Security and information technology service levels have all been met. As of 3/3/2023, the fund has a compound annual growth rate of 5.2%, annualized standard deviation of 4.0%, and Sharpe Ratio of 0.25. Fund Returns From: March 3, 2023 thru March 3, 2023 (Actual COB Mar 2 thru COB Mar 3) Fund: Start Price: End Price: Return: G-fund : 17.3454: 17.3454: 0.0000%: F-fund . Will this impact TSP investments? What happened after the last significant yearly loss? In fact, the rate of inflation reverted back to what it was five months earlier. L 2065 Fund. All of . It may be wishful thinking on the part of the headline writer. This article So far this year, the G Fund has gained 1.15% in value. Ralph Smith has several decades of experience working with federal human resources issues. $0.590/$1,000 account balance 0.059% (5.9 basis points), Benchmark index For decades, the drawdowns were in the 4-6% range, but during the high inflation and rising interest rate environment of 2022 that changed dramatically! . Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? All rights reserved. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? Subscribe to our free email list to get our news updates in your inbox. The number of older cases piled up. S-349, to include positions that may be performed by telework in a hiring preference for federal jobs for a spouse . 2023 FedSmith Inc. All rights reserved. In fact, investment grade bonds are often uncorrelated or negatively correlated to stocks (bonds zig when stocks zag, and vice versa). Ralph Smith has several decades of experience working with federal human resources issues. L 2030 Fund. The G Fund was the exception with a positive return of 0.13%. As one would expect, no recommendations are made for specific TSP Funds in coming months. Popular examples include Vanguard's Total Bond Market Index Fund (VBMFX), Vanguard Total Bond Market ETF (BND), and iShares Core U.S. That perspective will be of interest to TSP investors, especially as the company manages billions of dollars on behalf of the TSP. Cases are being resolved more quickly. Less investment risk. March 2, 2023. The firm owned 154,397 shares of the company's stock after selling 31,200 shares during the period. While TSP investors were probably hoping for a rebound, that did not occur. The I Fund is in second place with a return of 5.36% and the C Fund shows a return of 3.68%. All rights reserved. The S&P 500, the index on which the C Fund in the Thrift Savings Plan (TSP) is based, went up 3.1%. Federal Agencies Have 30 Days to Eliminate TikTok From Government Devices, TSP Performance Disappoints in February: Year-to-Date Returns Still Positive, Update on TSP Website Problems; All TSP Funds Have Negative Return With One Down 30%+. A new rule from the Department of Labor requires considering climate change when investing retirement assets. The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. Lets take a look at these in greater detail: Although there are several types of risks associated with the F Fund, the overall risk is relatively low, because the F Fund holds a very diversified portfolio of high grade (investment grade) bonds. Here is a summary of the number of interactions with the various channels: A large number of loans and withdrawal requests have been received and processed. In most cases, you can only roll over funds when you change jobs . TSP core record keeping functionality is running, and transactions are being processed at record-breaking rates. A topic that has captured considerable interest among FedSmith readers in the past few months among Thrift Savings Plan (TSP) investors is the status and performance of the new TSP website. For example, for the TSP C Fund, we extended the available price history with the S&P 500 Total Return index. Login to the TSP Talk AutoTracker [more info] How to Create an Account : Top YTD Returns: Thru March 3 : talking2jets +14.86% : netforcer +14.78% : djlc86 . The show is a companion to written the TSP Weekly Update blog posts belowbut with added tidbits that are easier to communicate in audio/video. The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees and members of the military. If you have questions about your TSP account, you must contact the TSP for assistance. The TSP L 2025 Fund is one of the TSP Lifecycle Funds, designed for investors who plan to withdraw their money beginning 2021 through 2027. With the exception of the G Fund, all of the TSP Funds had a negative return in February. By law, the C Fund must be invested in a portfolio designed to replicate the performance of an index of stocks representing the U.S. stock markets. The companies in the index represent 123 industries classified into the 11 major sector groups shown in the chart. Virtual Assistant Sessions: 1,034,641 Live Chat Sessions: 43,561, E-mail: 59,527 Funded Mutual Fund Window Accounts: 2,821, Transactions completed using e-Signature: 748,396, More than $2.6 billion in loans have been processed since June 1, 2022, More than $18.3 billion in withdrawals have been processed since June 1, 2022, More than 3 million participants have successfully established new online accounts. may not be reproduced without express written consent from Ralph R. Smith. So far this year, the C . How is this changing the composition of the federal workforce? Your actual/official TSP account is accessible at the Thrift Savings Plan website. That was still better than the S Fund at that time (down 29.85%) and the I Fund (down 27.25%). The impact of this 1 day delay is already incorporated into these performance statistics. Daily Notes; Blog. Summary: The TSP L 2025 Fund is a "fund of funds" invested in the TSP G, F, C, S, and I Funds. The chart below shows the returns of the C Fund over the last 34 years as well as the average annual return of around 12%. TSP Share Prices . Some of these areas as behind-the-scene actions that are critical to the performance of a website but may not be visible to participants unless there is a failure. 2023 FedSmith Inc. All rights reserved. As this is the index on which the C Fund is based, it dropped as well. Job Id: 22600002Business OverviewAmericas Trade Services is a key unit within the Global TradeSee this and similar jobs on LinkedIn. More TSP fund performance data are available at TSPDataCenter.com. L 2035 Fund. The outlook portrayed by State Street is in favor of value stocks (rather than growth) outside of the United States. The S Fund still has the most dismal performance among the core funds for the year as it is down -20.63%. As a result, stocks are still down for the year for all TSP Funds except for the G Fund which has a positive 2022 return of 2.77% for the year. $0.010/$1,000 account balance 0.001% (0.1 basis points). S&P 500 Index | spglobal.com, Asset manager(s) Yes, you can visitFedSmith.comorTSPDataCenter.comanytime to subscribe to this email list. At this point we are very limited on how we can customize them and embed them on our page. As 2022 progressed, the total TSP fund returns have ended up in negative territory for all of the TSP stock funds. It invests about 30 percent in corporate bonds and 70 percent in U.S. government bonds of all maturities. Exacta ($1), Trifecta (.50), Super (.10), Double ($1) 6 & 7, Pick 3 ($1) (6-8) Grand Slam ($1) (6-9), Late Pick 5 (.50) (6-10) Aqueduct MAIDEN SPECIAL WEIGHT. Follow Ralph on Twitter: @RalphSmith47. In November, the I Fund had a gain of 13.72%the best return by far of any other TSP Fund for the month. Contains spam, fake content or potential malware. More if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'tspdatacenter_com-box-1','ezslot_3',111,'0','0'])};__ez_fad_position('div-gpt-ad-tspdatacenter_com-box-1-0');report this adTrack the TSP by Email!Our free email list gives you a weekly snapshot of the TSP funds' performance; sent weekly on Saturdays.Email Address * Since then, a number of improvements have been made as problems were identified and attempts have been made to resolve the problems. And, of course, politics may play a role in the headlines we see. As a group, we're dedicated to making the most of our TSP growth and helping. An official website of the United States government. This was also complicated by an older demographic that is not as experienced in using a computer program to resolve issues and therefore may have to handle problems with a phone call. All rights reserved. Investors will ignore the sunny prognostications of political leaders seeking approval and wanting to stay in office. Below are the TSP fund performance figures for the G, F, C, S, I and L investment funds as calculated by the Thrift Savings Plan. You may need to refresh your browser occaisonally. Aggregate Index contains over 10,000 bonds. The Federal Retirement Thrift Investment Board or the Thrift Savings Plan, and any service being offered is not sanctioned by . Forgot your account number or user ID? By the end of 2022, the total TSP fund returns were negative for all of the TSP stock funds. Learn more, please visit our Cookie Statement page. Presumably, this differential would have been even greater for White males as the average female salary for a federal employee went up 11.75% and the average male salary went up 11.32%. 2023 Ralph R. Smith. It aims to achieve a moderate level of growth with a moderate emphasis on preservation of investment capital. 2023 Ralph R. Smith. This action will also remove this member from your connections and send a report to the site admin. It is a defined contribution plan, similar to 401 (k) style retirement savings plans in the private sector. We will only use your information to . Inflation has dominated stock market returns more than any other factor in 2022. TSP Portfolio Tracker. There are now about 3.3 million accounts. As TSP investors who pay attention are aware, stocks have already fallen dramatically. More than 12.2 million calls were handled by the ThriftLine center from September January. The majority of interest from our users has been with respect to the TSP rate data (daily, monthly and annual) we provide on the site as well as our weekly TSP returns email list, so we decided we can best serve our users by focusing our efforts on these services instead. The racial group with the lowest average salary increase is for White federal employees with an average salary increase of 11.23% over this five-year period. These are 10 mistakes that federal employees would be wise to avoid when planning for retirement. The TSP Folio strategy was made available to subscribers on 8/30/2010. It is worth noting the observations of these experts as their knowledge and analysis may be significant on how stocks perform in coming months. The average return for the buy-and-hold strategy is +6.45% per year. If you have questions about your TSP account, you must contact the TSP for assistance. Over the past two years, we have read inflation is transitory, declining, improving, cooling, easing, abating, and actually slowing down. 2022 was not a good year for stock returns in the Thrift Savings Plan (TSP). TSP Performance for September: Worst Nine Months for Stocks Since 2002, How is the Annual Federal Employee Pay Raise Determined? All rights reserved. Please enter your name and email address below: Send me TSP fund updates: Weekly Daily. (FRTIB) or the Thrift Savings Plan (TSP), and that the service being offered is not sanctioned by the United States . It aims to achieve a moderate to high level of growth with a low emphasis on preservation of investment . TSP performance is down in February 2023 but still up for the year-to-date. Since January, the G Fund has gained 0.86%. In our tactical asset allocation strategies, we dynamically allocate a portion of investable assets to the TSP F Fund, based on the prevailing market conditions. That is higher than what economists had anticipated. No doubt, for those TSP investors that use the website and the TSP call center regularly, they are hoping some of these lingering problems have been resolved or will be in the near future. Here are some of the highlights of participant transactions: At the end of the year, there are always more queries and interactions with the TSP Call Center. More training is being provided and has been provided to call center representatives for more complex cases with these phone calls. An initial investment of $1,000 in 1990 would be worth $16,355 today [1]. Neither growmytsp.com nor any of its partners or representatives is in any way affiliated with the United States Government, The Federal Retirement Thrift Investment Board or the Thrift Savings Plan, and any service being offered is not sanctioned by the United States Government, the Federal Retirement Thrift Investment Board or the Thrift Savings Plan. may not be reproduced without express written consent from Ralph R. Smith. The site is secure. Investment in the C Fund offers the opportunity to experience gains from equity ownership of large and mid-sized U.S. company stocks. Learn more, please visit our Cookie Statement page. What is important are the actual results of significant events unfoldingsome of which will be determined or influenced by government decisions and actions and others that will move along without regard to government actions. Although the program got off to a strong start when we launched it, usage steadily declined over the last few years. See also this page for historical share prices and trends. There has been gradual improvement in participant satisfaction with these calls since September. Focus on active risk management and capital preservation. At the latest meeting of the Federal Retirement Thrift Investment Board (FRTIB) on February 28, 2023, the contractor for this project, Accenture Federal Services, provided an update on the status, in other words, what has been going on to improve the user experience with the website and what areas still need the most attention for improvement. The TSP 2023 Withdrawal Issues. The charts below illustrate how the Thrift Savings Plan (TSP) S Fund and the Vanguard VXF ETF tracks the performance of the Dow Jones U.S.