June 2018

Allocation Percentages for June 2018
F Fund

0%

C Fund

0%

S Fund

100%

I Fund

0%

We had an amazing month with the S Fund. With an almost 7% difference between the S Fund and I Fund performance, those who did not understand the risks of the tariffs on the market paid the price. Today we saw President Trump make good on his promise to put America first; over the old alliances of even the EU, Canada, and Mexico with tariffs on steel and aluminum. There will undoubtedly be counter tariffs from these countries, but I think their leverage is not as great as many economists think. Our current account balance is so large that they will have to apply tariffs to the vast majority of our export, hurting their own population more than the US. Along with the side effects of the tariffs on overseas economies, the political disruption in Italy on the EU will also continue to cause ripples in the overseas markets, affecting three of the five main I Fund countries of France, Germany and Switzerland. I am still long on the S Fund for June for the reasons I am not long for the I Fund above. Additionally, the C Fund has too much exposure to the international markets, and as such could experience some of the blow backs of the tariffs and political turmoil. Finally, we might still get our summit with North Korea. I think it is truly unknown what the US and the DPRK might agree to and hence any benefit to the Japanese economy, and the I Fund, is unknown. 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
2025-04-29 27.0320 13.9021 50.6007 15.2304 57.7904 15.8483 34.7994 17.4179 17.4158 17.4136 10.3209 19.0288 20.1062 88.2075 81.8246 45.5389
2025-04-28 26.9910 13.8801 50.4439 15.1787 57.5778 15.7861 34.6549 17.3341 17.3320 17.3299 10.2712 19.0266 20.0564 87.6983 81.3156 45.4041
Daily Change 0.15%0.16%0.31%0.34%0.37%0.39%0.42%0.48%0.48%0.48%0.48%0.01%0.25%0.58%0.63%0.3%
Month to Date 0.63%0.64%0.84%0.87%0.88%0.89%0.9%0.89%0.89%0.89%0.89%0.34%0.44%-0.83%-0.33%3.87%
Year to Date 1.09%1.02%0.31%0.17%0.01%-0.13%-0.28%-0.94%-0.94%-0.94%-0.92%1.46%3.22%-5.08%-9.24%8.69%
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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