The benefits of a performance management program benefit everyone in an agency and support the agency in achieving its organizational goals. be better able to address today’s (and tomorrow’s) public sector challenges in the most efficient (and least frustrating) way possible.
George Kettner is part of the
Program, where we showcase blog posts from government voices from across the country (and around the world!). To see more Featured Blogger posts, click here. Do you expect your TSP account to increase? “Of course! Why would I invest in a TSP?!” This is the response I get when I ask this question in class. It seems like an easy question to answer.
But then I asked another simple question
Do you expect your TSP to increase?Will the account go down? This is the exact opposite of the first question. So if you answered the first question overseas chinese in uk data quickly with “Of course!”, it would seem that you would answer this question quickly with “Of course not!”. But for some reason, this question doesn’t get answered so quickly. Many people start asking me “I mean what do you mean by ‘go down’?” Or they say “We don’t hope for that, but we know there are ups and downs.” Why is this question harder to answer than the first one?
I think it’s because investors confuse the two terms.
Many investors hope that their investments will get to know google’s dynamic creative optimization go up. But hopes and expectations are very different. When I play the lotto, I hope to win, but I expect to lose. When you invest, you hope that it will go up, but how much do you expect it to go up? What are your expectations? Before you read on, write down your answers. …(seriously!) …Okay, now answer why you expect this (assuming you have a clear expectation)? Do you expect it to go up 5%? 10%? Why? Do you expect it to go down 5%? 10%? Why?
If you can’t answer these questions,
you’re in good company. But that doesn’t make you any more tg data confident in your investments, does it? Having no expectations about how your TSP will perform is a major mistake for many reasons. Here are two: To justify taking the risk, you need to have some expectation of return: This idea was mentioned in a previous mistake. You may have low-risk or even risk-free instruments that are generating returns for you.