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5 October 08 | TSP Advisory will no longer take subscriptions beyond 6 months. The limitation is based on a business decision that will allow TSP Advisory to wrap up its business affairs within 6 months, if required, and minimize breaking of its service commitment to its customers. This decision is spurred principally by the likely retirement of key staff in the next few years. |
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13 February 07 |
TSP Advisory's Annual returns for 2006 are posted. In addition, TSP Advisory has published a Privacy Policy. See link on home page. |
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17 November 06 |
TSP Advisory will no longer take subscriptions beyond 1 year.
The limitation is based on a business decision that will allow TSP
Advisory to wrap up its business affairs within one year, if required,
and minimize breaking of its service commitment to its customers. This
decision is spurred principally by the likely retirement of key staff in the
next few years. TSP Advisory has instituted two subscription plans, both by check: 6-months and 1 year. There does not appear to be any need for a 3-month subscription plan. If TSP Advisory does make a business decision to end its service prior to the end of all current 3-year subscriptions, current 3-year subscribers will be re-funded at the following rates: -- Between end of year 1 and end of year 2 of the subscription: $100 of the $135 cost -- Between end of year 2 and the end of the subscription: $65 of the $135 cost
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27 August 06 | Because of continuing problems with Etelegate, to whom iBill apparently out-sourced their credit-card processing operations, TSP Advisory will no longer take credit cards. We will, in the next few weeks, introduce 3 month and 6 month subscription plans, available by check. More to follow.... |
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3 July 05 | For the time being, MasterCard and VISA credit cards cannot be used on the TSP Advisory site. We should have the problem corrected by 1 August 2005. Thank you for your patience. |
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19 March 2005 |
TSP Advisory's Annual returns for 2004 are posted. The 2004 returns for each of the TSP Advisory portfolios was less than our benchmark, the "Standard Allocation" (20% placed in each fund at the beginning of each year, and left there). The "Standard Allocation", or benchmark, produced a return of 11.5%, and each TSP Advisory portfolios returned from 2-3% less. In 2003, four out of the five TSP Advisory portfolios returned more than the "Standard Allocation" benchmark. There appears to be two principal reasons for this year's poorer performance: (1) model specifications that led to overly-frequent shifts, and (2) a churning market. All TSP portfolios make use of our Tactical Asset Allocation (TAA) model. [The Dynamic Asset Allocation (DAA) model, after defining the appropriate percentage to hold in the TSP stock funds, allocates that percentage using the TAA model.] The TAA model, however, recommended too many shifts in 2004, and was subject to being "whip-sawed" (loosely, moving in and out of the market at the wrong time). We have corrected that problem by adjusting some of the TAA model's parameters. With those adjustments, TSP Advisory portfolios would have equaled the benchmark. Notwithstanding these improvements, however, a churning market will always make it difficult to exceed the benchmark as handily as in 2003. Perhaps most importantly, the changes to the TAA model parameters will result in fewer changes, and less overall reallocation among TSP funds. This is an important result. TSP Advisory is intended to help the long-term TSP investor, and is not intended to catch weekly moves in the markets, much less daily movements. Because of frequent recommended reallocations, it was reasonable for our clients to assume TSP Advisory was trying to catch weekly moves in the market. That was not our intent, nor is it our purpose. We use weekly and daily data to try to discover longer-term trends. It is not realistic to try to catch day-to-day market moves, given that the TSP takes 2 business days to complete a re-allocation of funds. For this and subsequent years, TSP Advisory's recommended re-allocations should prove to be fewer than in 2004.
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12 January 2005 | REVISED allocations posted 12 Jan 2005. DAA allocations added up to 90%, not 100%. More detailed discussion on Subscriber News page will follow. |
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5 December 2004 | Updated TSP Fund Summary posted 4 Dec 2004. |
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8 July 2004 | As
of 8 July 2004, TSP Advisory no longer offers toll-free telephone service.
Despite our efforts, over 90% of the calls we received were intended for the Thrift
Savings Plan offices, not TSP Advisory. Please contact us through e-mail. |
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16 May 2004 | Results from 2003 are posted. These results present the returns for calendar year 2003 of the various TSP Advisory models, compared with the returns on the TSP funds. |
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26 June 2003 | As of 16 June 2003, the TSP has moved to daily valuation. Click on the Daily Valuation web page to see how TSP Advisory operations will change. Note that we have added the ability to subscribe (and unsubscribe) to an e-mail list that will alert you to changes in TSP Advisory's recommended fund allocations. (See Contact Us/E-mail Alerts/Help page). Alternatively, you can check the website on Mondays (generally after 6:00 PM Eastern time) to see if recommended fund allocations have changed. |
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12 June 2003 | NEW! We have added the ability to subscribe (and unsubscribe) to an e-mail list that will alert you to changes in TSP Advisory's recommended fund allocations. (See Contact Us/E-mail Alerts/Help page). Although such a system is not as important when these changes occur only monthly, such a system will be vital once the TSP moves to daily valuation -- and TSP Advisory's recommendations may come at any time, not necessarily at mid-month. |
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17 February 2003 | See the Subscribers'
pages for updated information. In the next week, TSP Advisory will be making significant changes to our site. More to come later. |