Financial writer Allan Roth joins Senior Correspondent Mike Causey on Your Turn to discuss some best practices for investing in the TSP.
Mike Causey
Are you waiting for the stock market to return to normal? If so, wait no longer. Financial writer Allan Roth, says it already has. It was the past 6 years that was so unusual. Did any money flow out of the C, S and I funds in the first two weeks of 2016?’ In other words, if you are waiting for market normalcy to return, it probably has. This is it! Roth will tell us why on our Your Turn radio show.
Roth, who has been a contributor to The Wall Street Journal and CBS MoneyWatch, is our guest this week on Federal News Radio. He understands the federal TSP and loves its lowest-in-the-business administrative fees. In fact, like other stock market experts, he’s said he wishes he could be in it.
In addition to the recent bombings in Belgium, Roth recalled the horrific Paris terrorist attack last November.
“The U.S. stock market responded the following week by gaining 3.3 percent, which I think was the best single week in the stock market in 2016. International stocks also rose 2.7 percent that week. The conclusion isn’t that the market likes terrorism. … It’s that other events and even random movements of a very complex system known as the stock market are hard to explain and even harder to forecast.”
Roth is also going to talk about the Seven Deadly Sins of Investing.
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Mike Causey is senior correspondent for Federal News Network and writes his daily Federal Report column on federal employees’ pay, benefits and retirement.
Follow @mcauseyWFED