Tom Trabucco, director of external affairs at the Federal Retirement Thrift Investment Board, said for the second month in a row, all TSP funds had positive gains — despite no change in the unemployment rate and a “sluggish” GDP.
“It was really a very good month,” Trabucco said in an interview with the DorobekINSIDER.
The G Fund continued to see a “slow, steady climb,” with a return of 0.18 percent last month. The largest gain was in the S Fund with a return of 4.48 percent in October and nearly 30 percent in the past 12 months.
Trabucco said this “self-rally” brings the funds almost out of the shadows of 2007 and 2008, “when everything seemed to be going downhill fast.”
Despite funds showing positive returns, people are not making big changes to their investments, Trabucco said.
“People don’t do huge shifts from, say, 100 percent C to 100 percent G,” Trabucco said. “By and large, they seem to understand you have to have a long-term plan, and you don’t deviate from it much.”