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FNMA
Posted on 1/13/17 at 2:44 pm
Posted on 1/13/17 at 2:44 pm
Anyone know what is going on with FNMA, Fannie Mae? Are they going to get out of the GSE and if so what does that mean for investors?
1
Posted on 1/13/17 at 3:32 pm to ntgreek00
The speculative bet is yes. When? No one knows. Both FNMA and FMCC went from a penny stock in about 2013, to about $5. I think they're at $3.50 or so currently.
I owned, and sold part, but still hold both.
The markets concern is that they get liquidated.
It is a speculative bet, let me make that clear. About 33% to 40% of these plays work out for me, but that works becuase of the way I play these due to very big upside. But that's about 60-70% that never make it.
They work out in my case, becuase I always have no more than 5% of a trading account (give or take) at any one time of speculative bets, and I have 5-6 going at once. So the upside of Freddie and Fannie, on the portions I sold at a gain, made up for NBG and AIVI, both of which failed miserably.
I guess why I'm explaining this is so no one interprets my post as one should buy this. I have a set percentage of speculation, and I systematically always have enough going. Because many of this never work out. It has made me some money, and I find it very fun, but I do it the way I do it, because as careful as I am, many go to zero.
I owned, and sold part, but still hold both.
The markets concern is that they get liquidated.
It is a speculative bet, let me make that clear. About 33% to 40% of these plays work out for me, but that works becuase of the way I play these due to very big upside. But that's about 60-70% that never make it.
They work out in my case, becuase I always have no more than 5% of a trading account (give or take) at any one time of speculative bets, and I have 5-6 going at once. So the upside of Freddie and Fannie, on the portions I sold at a gain, made up for NBG and AIVI, both of which failed miserably.
I guess why I'm explaining this is so no one interprets my post as one should buy this. I have a set percentage of speculation, and I systematically always have enough going. Because many of this never work out. It has made me some money, and I find it very fun, but I do it the way I do it, because as careful as I am, many go to zero.
Posted on 1/13/17 at 3:44 pm to Iowa Golfer
quote:
The speculative bet is yes. When? No one knows. Both FNMA and FMCC went from a penny stock in about 2013, to about $5. I think they're at $3.50 or so currently.
I owned, and sold part, but still hold both.
The markets concern is that they get liquidated.
It is a speculative bet, let me make that clear. About 33% to 40% of these plays work out for me, but that works becuase of the way I play these due to very big upside. But that's about 60-70% that never make it.
They work out in my case, becuase I always have no more than 5% of a trading account (give or take) at any one time of speculative bets, and I have 5-6 going at once. So the upside of Freddie and Fannie, on the portions I sold at a gain, made up for NBG and AIVI, both of which failed miserably.
I guess why I'm explaining this is so no one interprets my post as one should buy this. I have a set percentage of speculation, and I systematically always have enough going. Because many of this never work out. It has made me some money, and I find it very fun, but I do it the way I do it, because as careful as I am, many go to zero.
You in no way answered his questions, but only pontificated about yourself and your trading strategies.
Posted on 1/13/17 at 4:00 pm to whodatigahbait
Here are his questions:
1) Anyone know what is going on with FNMA, Fannie Mae?
This is answered in detail, it's a speculative bet. That's exactly what is going on with both, and has been since around 2009.
2) Are they going to get out of the GSE and if so what does that mean for investors?
No one can answer this, nor should anyone try. There has been proposed legislation. A lot of it, and for years. Recently the new administration has talked about 100% private mortgages. Do you believe anyone can answer #2 be taken seriously? If so, I'd like to start talking to whomever can predict the future with such certainty.
1) Anyone know what is going on with FNMA, Fannie Mae?
This is answered in detail, it's a speculative bet. That's exactly what is going on with both, and has been since around 2009.
2) Are they going to get out of the GSE and if so what does that mean for investors?
No one can answer this, nor should anyone try. There has been proposed legislation. A lot of it, and for years. Recently the new administration has talked about 100% private mortgages. Do you believe anyone can answer #2 be taken seriously? If so, I'd like to start talking to whomever can predict the future with such certainty.
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