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

• www.irs.gov
• The Bible
• The Art of War by Sun Tzu
• Facet Wealth
• Patrick Elliott CFP® LinkedIn

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

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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.