Types of TSP Investment Strategies

Types of TSP Investment Strategies

So you have a TSP account that you’re putting money into each month. Now what? Deciding what to put your money into can feel like an overwhelming decision. In this episode, I talk with Patrick Elliott about strategies you can use to invest in your Thrift Savings Plan. Patrick is a veteran and Sr. Lead Planner at Facet. He is a CERTIFIED FINANCIAL PLANNER professional with 12 years of experience as a financial advisor. Patrick is passionate about serving others in his professional and personal life and is the father of 4 sons.

Thank you!

The Military Money Show is supported by Navy Federal Credit Union. Navy Fed’s members are their mission. They are helping their members save when purchasing a new home. Right now, they’re contributing $1,000 as a lender credit towards closing costs on your new home. Navy Federal mortgage experts can help you choose the best option for you, making the home loan process a smooth experience. Learn more at navyfederal.org.

TSP Investment Strategies Episode Details

  • Three different types of investment strategies
  • Asset allocation strategy
  • “Buy low and a sell high”
  • Mutual fund vs exchange traded fund
  • Creating your TSP strategy
  • Balancing risk and goals
  • Overview of TSP funds
  • Common mistakes to avoid
  • How to set your TSP up for success
Related Content: 4 Effective Ways Service Members Can Use the TSP F Fund

Types of TSP Investment Strategies Resources

Related Podcasts: Understanding Funds for your TSP and 401k (with Daniel Kopp)

Got Money Questions?

Get them answered on the show. Submit your questions here.

Thank You for Podcast Reviews!

I appreciate your review of The Military Money Show on iTunes, Google Podcast, iHeart Radio, and Stitcher. It helps me make the podcast better and better. Plus, it helps other people find me.

Connect

Disclosure These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I’m only going to put affiliate links that are in line with our podcast discussion. If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.

Related Podcast

A breakdown of what the federal funds rate is, who sets it, and most importantly, why you should care about it.
What You Should Know About the Federal Funds Rate

Not everyone tracks the state of the economy, but when the news reports that it’s taking a nosedive, that usually gets people's attention. There is one thing at the heart of our economy that can help you have a better understanding of how it all works, and that’s the federal.
Investing wisely is a centerpiece for building wealth and reaching financial goals. Here are the fundamentals of investing.
Back to the Basics: Investing Fundamentals

You’ve heard me and every other financial person say it before: Spend less than you make and save. It’s a fundamental of personal finance, but then what? Once you've done the savings part, what are your next steps with the money? Today’s the fifth and final episode of my "Back.
Learn the basics of the Thrift Savings Plan (TSP): investment choices, managing your account, and maximizing your retirement savings.
Thrift Savings Plan Basics for Service Members

There will always be a new trend everyone is talking about. Money included. Go anywhere on social media, Instagram, or TikTok, and there is a money trend. All that noise can make it easy to get caught up in trying to keep up instead of being focused on what is.