Reply to Hating the TSP -- opinions on how to invest?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The fund that tracks the S&P consistently returns less than the S&P - so yeah - the fund choices suck. I think many/most fed govt workers don't understand it - they're just thrilled at the amount they have after maxing out for 30 yrs. Put in the bare minimum to get the match, and then go to a Vanguard or Fidelity IRA - their funds actually manage to beat the market yr after yr, so the cost is worth it.[/quote]

So clueless.  So much bad advice in this post.  Taxes not considered.  Ignorant of difference between "Vanguard or Fidelity" funds vs. index funds.  Completely wrong about any fund beating the market "year after year."  Pretty much everything said in this post is wrong ... it's actually so wrong, I suspect it is a troll.

[/quote]

I don't think so. Never ascribe to malice that which can be adequately explained by stupidity.  This is one of the risks of the internet - very stupid people giving very bad advice.

But I agree this is terrible, incoherent advice...[/quote]

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