Alex -

I started subscribing to your two newsletters last week and I have some [comments] about the TSP newsletter.  I’ve read all the material you have posted on your website and found it very interesting.

Your June TSP newsletters present the Allocations clearly and concisely.  It is easy to read and understand. …

I was shocked to see that if you add returns in the [Thrift Savings Plan] C, S, and I funds respectively for the period of 2000 through 2008, you would be faced with a large net loss for each fund respectively.  Moreover, the compound returns (starting in 1998) for the C, S, and I funds are significantly less than G and F funds, and of course your Conservative and Balance funds.  For this period, a buy and hold strategy would not work.

-F.M.