Comments by "Jake Broe" (@JakeBroe) on "How to Swing Trade in the Government TSP" video.

  1. Thanks so much Darlene!! I spend a lot of time on these videos and honestly I'm just trying to create content that I would be looking for (new to investing as much as I am). Thanks for commenting. I sometimes get hundreds of views without anyone leaving a comment and I wonder if people are really out there, lol.
    4
  2. If your were maxing out your TSP at $20,000 a year and earning 10% APY in the C Fund (which is its average). Then you could have a million dollars in your TSP account in as short as 18 years. I personally think I will have over a million in my account in 25 years.
    3
  3. Thanks for watching everyone! Leave me a comment and give this video a like if you found it helpful. Here is my entire playlist for my government TSP videos. https://www.youtube.com/watch?v=KwyLNsQHJHs&list=PLscTZuOqKWIxcH7ZW9STwVqQOY1xUKZgO
    3
  4. No I haven't. I'll check it out!
    2
  5. Hey Alexander. Some people feel this way. I contribute to both my TSP and I have a private IRA. In my private IRA, I do wait for a red day to add money to the funds. Maybe it doesn't make a difference in the long run, maybe it does.
    2
  6. You are very welcome LAshadow! Good luck out there!
    2
  7. At closing price of the fund that day. So the market can move for another 4 hours after you submit the request.
    2
  8. It gave me a huge smile Jo John! Thanks for the subscribe. I am going to make a refreshed and updated series of videos on the TSP soon. Check back in a couple months if credit card videos are not your thing. I'm making a lot of content on that at the moment, but will be making other content soon.
    2
  9. Nope! You are doing it right. If you are under the age of 55, I recommend just putting everything in the C Fund, contribute to ROTH, and put in as much each year as you can budget. The C Fund is the S&P 500 Index Fund and it averages 10% a year over a 20-30 year period. You will hold shares in stocks for the largest 500 companies in America. You are protected so that even when one company fails, you still have 499 to carry you on. I made this video about swing trading, but I still do not think it is a good idea. Watching the markets daily is too nerve wracking. I think people should just set it and forget about it until you are 55.
    2
  10. That's up to you. Since your deposits only happen once a month, you might be in and out before then. I made another video after this one where I basically do not recommend to people to attempt to time the market in their retirement accounts. There are too many limitations in the system and doing this well is more attributed to luck than anything. Just my thoughts. https://youtu.be/JGC71tIM6qo
    2
  11. If you can see the future, you should be buying lottery tickets. If the stock prices have already gone down, then it is too late and you should hold your C shares and NOT sell at a loss.
    1
  12. I also do not recommend people attempt swing trading. I just wanted to make this video to explain how it is done. Nobody can predict the future.
    1
  13. Hey raymond! I get what you are saying. But time in the market statistically beats trying to time the market like how you are suggesting. The rules of the TSP (requests must be made before Noon Eastern) also just makes it difficult to time this. I am a permanent set it and forget it 100% C Fund investor. Some people might get lucky timing the market, others won't get lucky. It's just not for me to gamble when a long term 9.8% average is really good in my opinion.
    1
  14. Haha, I tell people to not try and time the market with their retirement accounts. I'm playing with fire right now with my normal brokerage, but I strongly advise everyone to pick a strategy for their retirement accounts and then don't mess with it.
    1
  15. Haha... yeah... stock only go up now for some reason. I got burned twice, so I'll be buying and holding forever in my retirement accounts. Swing trading is for my ordinary brokerage account where I can control when to get and out, not the TSP.
    1
  16. Interesting! I tried it just to make this video, but honestly it isn't got me. I am stuck in the G Fund right now because the market has gone up 5% in the last month and a half. Once I can buy back in, I think I will be a buy and hold guy forever. Hopefully in 30 years I will be a TSP millionaire!
    1
  17. That is a good strategy! I've been tempted to try that.
    1
  18. Yeah... that Noon Eastern vs all the other time zone trades get most people the first time. There is nothing wrong with buying and holding, so I was hesitant to make this video. This strategy isn't for everyone, but that's awesome you are seeing positive results!
    1
  19. Thanks for sharing your story John! Yeah... some people are just so confident in what they are doing, that they won't listen to other people. The math doesn't add up and they emphasize short term gains over massive long term losses. Buy and hold C/S (especially in the TSP) is the best strategy backed up by the math.
    1