TSP Portfolios Dip in October After Months of Growth
Last month, many portfolios in the federal government's 401(k)-style retirement savings program, known as the Thrift Savings Plan (TSP), experienced a decline in value. This followed three consecutive months of growth. The C Fund, for instance, lost 0.91%, while the F Fund finished October 2.48% in the red.
The I Fund, which invests in international stocks, was particularly affected, falling 5.17% last month. Despite this setback, it has still managed to grow by 7.31% for the year. Meanwhile, the S Fund gained 0.59% last month, bringing its year-to-date growth to 12.35%. The L Income Fund has grown 6.48% since January, with other L funds showing higher growth rates ranging from 7.36% to 14.82%. The G Fund, which is designed to provide a steady, low-risk return, grew 0.33% in October, bringing its 2024 return to 3.65%.
The October losses are a reminder that even long-term investments can experience short-term volatility. However, these fluctuations are a normal part of the investment process and should be expected. For those invested in the TSP, it's important to maintain a long-term perspective and not let short-term market movements dictate investment decisions.
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