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
2025-04-29 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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