I wanted to continue with sharing more financial tips / advice. This time its one of my favorites for those of you who work for the Government. TSP!! You can't get this info anywhere on the site, book, or even your HR, which is silly! Believe me I tried! So through my 10 year in the gov and trial and error, I finally got it down pat. I feel everyone should know tricks so all of us can benefit and be rich fast! Yeye
First, Please! Please! At least invest 5% of your paycheck in TSP, which is your 401k for retirement. Why 5%? Because the government matches 5% also. You give 5% and the Gov gives 5% for free!
Second Investing in Funds:
*Big Money Gain 2%-8%: invest in F, C, S, I. ***Must check TSP Prices daily to see if prices are going up or down.
*Less Money Gain 1-3%: invest in Any L funds or G. ***Must check TSP Prices weekly to see if prices are going up or down.
Third: How to check prices.
Example: per screen shot, look under S Fund. See S Fund Price of Jan 15, 2019 and the price of Jan 1, 2019. Now let's calculate to see how much it grew between these dates:
46.99 - 43.97 = 3.02 ÷ 43.97 × 100 = 6.67
Awesome the S Fund grew to almost 7%!!! Guys you can't get 7% return this easy anywhere! Especially within a weeks time frame. So what does 7% get you?
Investment $100k + 7% = $107,000!
In my case I'll share what I have:
100% (Contribution Allocation - future contribution paychecks) directly deposited in G Fund. Then
80% (Interfund transfers - current balance) deposited in the S Fund which has had the highest interest return 7%.
Well my friends you decide which option is best for you.
Much wealth and free Dollars to you too ;)💰💲💵💸