Replies to post #257078 on Amarin Corp Plc (AMRN)

[rosemountbomber]

Louie, quite familiar with the TSP. My Wife had one and could easily switch from C or S or G funds, if I remember the letters correctly. A couple of years ago she transferred it out into an IRA. Good luck.

[Mikenac]

I moved my TSP from C funds to G in early Feb then put it back in C last week. Now I have to wait a month if I want to move it again.

[sts66]

Guess if you're extremely risk averse you might as well keep the money in your TSP, the offerings are way too limited for my tastes, although the expense ratio of only 0.042% can't be beat - one of the reasons I hate mutual funds is because managed ones need 1%-2%/yr gains just to pay the management fees - that's the main reason they underperform index funds over nearly all time periods. Plus some have huge front end loads (gimme 4.5% of your money for the privilege of buying into my fund) or have back end fees if you sell in less than a year - big ripoffs. I haven't given up on the millionaire club dream yet, it's still doable, but boy the first oil price war in 2014 by Saudi Arabia designed to take out US shale frackers sure took the wind out of my sails - I was way overweight in energy and failed to exit the positions in time for reasons I still don't quite comprehend - partly because most people didn't realize it was a purely political move that had no basis in supply/demand fundamentals of the oil and gas markets. Oh, and Russia double teamed us that time too - they invaded the Crimea, which just made everything even worse, especially for one of my stocks that had ties with the Russian oil industry, sanctions imposed on Russia put that company on the road to eventual bankruptcy. Won't say how big my losses were, but you need 6 numbers to express them after they're all added up - have never gotten back to the peak IRA value I hit before the oil wars started - came close this Jan but then of course the bottom fell out again.


Edit: I think one of the problems was hubris - I'd doubled my money in 5 yrs and believed I really knew what I was doing - the truth is I didn't (and still don't) understand how much politics and foreign policy can over-ride fundamentals and turn the market upside down - or rather I know it happens, but I can't predict what political acts are going to affect which markets the worst, when the impact will be felt, and when it will end. Who could have predicted CV-19 would take down AMRN and pretty much the entire biotech/pharma industry? You'd think biotechs being flooded with government money seeking treatments and cures would push them up, not down in the dumps.