mom asked me questions $FNMA $FNMAS #FANNIEGATE Q&A
q:what price does FNMAS have to get to for you to clear all debt? What price does it have to get to to make $1 million? What is your sell price? or sell strategy? what is the most you ever paid for a share?
a: https://docs.google.com/spreadsheets/d/1_hN8LBHTJdajY4Ozz61tlKmzbI0LIgXKlzzGF-bY3og/edit?usp=sharing
that's my net worth, notice how it is negative or positive.
the math to solve for your first two questions:
92626price.6-250000 = 0 or 1000000
.6 may shift to .8 if i'm eligible for long term capital gains ever.
what is my sell price or sell strategy? lol, there isn't one and that's stupid.. i'd prefer to never sell these shares as their annual dividend once they resume is like 47 cents every 3 months.
what's the most i've ever paid per share? $5.50.. i'm probably down $250,000 in the last year or so.. losses incurred on fnma or fnmas or yellow media in canada from the last run, hard to say.
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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