What do you guys think about purchasing some of their stock?
I know the Government took them over, but now that we have seen that the Government will not let them fail they should be fairly safe right?
Well I looked into Fannie Mae when the Government lifted their hold on stock purchases in the company. It was selling at $0.68 per share. They are now up to $1.14, now that may not seem like a lot, but that is a really good gain. If I would have purchased 1000 shares back then like I wanted to I would have invested $688, today that would be worth $1140, for a $452 gain. Not bad!
So should I get into them now?
What about Freddie Mac?
When the Gov released their stock hold they were at $0.48 per share, they are now at $1.19 now that same 1000 shares would have cost me $480 and would be worth $1190 today for a gain of $710!
What do you guys think? Buy or no?
Link to the 1st post in this series that has links to all the other posts:
My quest for financial freedom: Back ground for this quest
Main link to this blog:
http://quest-for-financial-freedom.blogspot.com/
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