April 2021

Allocation Percentages for April 2021
F Fund

0%

C Fund

0%

S Fund

100%

I Fund

0%

The past 60 days has seen a pretty sloppy market. I did not feel comfortable taking the market risk associated with all the uncertainty in stimulus payments, Federal Reserve policy, and basic economic indicators as we emerged from the COVID-19 pandemic. While I have taken some losses this month, the percentage move for the entire month of the F Fund is less than daily moves (positive or negative) seen during one day of trading. I am now comfortable moving my investment and retirement money back into the S Fund-at 100%. I have four reasons: 1. While the market has been unstable, it seems to have found a general level of "resistance" making further major moves lower unlikely 2. Government stimulus looks to continue and the introduction of the infrastructure bill did not raise any surprises (I believe this will benefit the S more than the C Fund) 3. The Federal Reserve signaled multiple times over the last two months that it does not intend to raise rates in the near term 4. The F Fund 12 month average is the same as the G Fund 12 month average While there is definitely a great deal of uncertainty in the world in general, the markets have been able to deal with defaults (Archegos) larger than Long Term Capital Management with barely a hiccup (read the book if you haven't), dramatic shifts in trader activism (e.g., GME), and additional safe harbors (e.g., Bitcoin vs gold). I'm still concerned about rising inflation, I see it every week at the grocery store and Home Depot, but until bonds start to beat real inflation numbers, investors will continue to invest in equities. 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
2025-06-13 27.6479 14.2316 52.9024 15.9824 60.8723 16.7473 36.8940 18.6869 18.6846 18.6821 11.0726 19.1308 20.0012 95.0040 88.2485 48.5492
2025-06-12 27.7407 14.2818 53.2972 16.1137 61.4173 16.9078 37.2703 18.9127 18.9104 18.9080 11.2064 19.1284 20.0748 96.0737 89.7781 49.1157
Daily Change -0.33%-0.35%-0.74%-0.81%-0.89%-0.95%-1.01%-1.19%-1.19%-1.19%-1.19%0.01%-0.37%-1.11%-1.7%-1.15%
Month to Date 0.44%0.46%0.79%0.85%0.91%0.96%1.01%1.18%1.18%1.19%1.19%0.16%0.24%1.17%1.05%1.28%
Year to Date 3.39%3.42%4.87%5.11%5.35%5.54%5.72%6.28%6.28%6.28%6.29%2.01%2.69%2.23%-2.11%15.88%
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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