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
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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