Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
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Retrospect 20/20 and I'm kicking myself

Glen Bradford
Glen Bradford@DoNotLose
·1 min read

Looking at the numbers, I started with a net input of about $89K I rode that up about 20% --- and then recieved knock out blows into and through "Black October." I cut out my Trailing stops and rode my portfolio down to $55K (down 40% from the start and probably down about 50% from the peak). Throughout the whole thing, I shifted assets into my positions that were plummeting the fastest --- and I began buying January 2010 Calls in the accounts that I could when my dad and friends were telling me I was an idiot. That's what I've been doing. If I wasn't playing with college money and my investors accounts were set up to margin and buy calls, I'd have leveraged up more --- for better or worse.

"Shoulda-Coulda-Woulda" --- That's the call of wussies. At least I actually did it.

Now that I have experienced this kind of drop first hand... I plan on actually selling stocks when there's lots of negative outlook and monster selloffs early on... and waiting for better prices --- even for ridiculously undervalued priced stocks like mine.

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Glen Bradford

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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Disclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.