Military Finance Report: June 2011

Wednesday, June 22, 2011

TSP Ticker Symbols

What are the ticker symbols for the thrift savings plan funds? They don't have any. They are traded on a public exchange. Here is the TSP fund comparison matrix you can use to determine what mutual funds are similar.

G Fund, F Fund, C Fund, S Fund, I Fund, L Funds

https://www.tsp.gov/investmentfunds/fundsoverview/comparisonMatrix.shtml

Tuesday, June 21, 2011

Is Buy and Hold a Good Theory for Stock Investing?

I concur with this article. I've lost a lot of money because of passivity and thinking that the little money I do have saved would benefit from a buy-and-hold forever strategy.

Kapadia, R. & Heimer, M. (2011) Investing reinvented: A SmartMoney master plan. SmartMoney.

"Experts say that investors who want to thrive in this economy will need to explore more "alternative" assets, be bold about buying abroad, and be willing to (gasp!) time the markets."
https://news.fidelity.com/news/article.jhtml?guid=/FidelityFeeds/pages/investing-reinvented&topic=investing

Monday, June 20, 2011

Retired Military California Veterans Benefts

Curious to see what benefits California gives for disabled or deceased veterans?

"The dependent child, spouse or unmarried surviving spouses of a service connected disabled or deceased veteran may be entitled to tuition and fee waiver benefits at any campus of the California State University system, University of California or a California Community College."

Read more: http://www.cdva.ca.gov/VetService/Waivers.aspx

Morningstar 5 Star USAA Mutual Funds

A list of five star Morningstar rated USAA mutual funds.

https://www.usaa.com/inet/imco_mutualfund/ImMorningstarFunds?ACTION=INIT

Sunday, June 19, 2011

Military Retirement Age Changing?

Luckily, there is discussion about a grandfather clause for the youngest in uniform.

Tilghman, A. (2011). Defense Department Studies Retirement Reforms. Airforcetimes.com.

A push to overhaul the military retirement system for the first time in 60 years is rising rapidly on the political radar and could become a key component of the controversial budget battles coming early next year.

Read more: http://www.airforcetimes.com/news/2011/06/military-money-defense-studies-retirement-reforms-060211w/

Military Pay Cut?

More speculation about military pay and TRICARE benefits.

Howell, T. (2011). Panetta's Position on Pay & TRICARE Not Clear. Militaryadvantage.com.

Last week the Asso­ci­ated Press reported that accord­ing to an unnamed senior admin­is­tra­tion offi­cial, Sec­re­tary Gates per­son­ally rec­om­mended CIA Direc­tor Leon Panetta as his replace­ment six months ago. Like his pre­de­ces­sor Panetta will be instructed by the White House to cut $400 bil­lion in defense spend­ing over the next twelve years.

Read more: http://militaryadvantage.military.com/2011/06/panetta%e2%80%99s-position-on-pay-tricare-not-clear/#ixzz1PmVi1AI6