Fannie Mae-No Politics (FNMA)

[chessmaster315]

We are certainly in agreement, and I have a high degree of respect for your opinion. Most importantly, an investment in the GSE's should be thought of as long term, and a lack of patience is unlikely to yield a favorable result.

Warren Buffet agrees, and suggests you buy a company you want to own forever. He further suggests that, in the stock market, the impatient pay a penalty to the patient.

Most people understand that buying and trading new cars frequently costs money.
In the stock market, a broker who trades for his client "excessively" is called "churning" and its a crime.

We need to ask ourselves why is "excessive trading" a crime? Well, because the net result is, in virtually all cases, the client looses money.

That is, the spread between the bid and ask, plus the commissions in and out, over time, ensure that losses are inevitable.

I have had at least two friends of mine who made some money "day trading", but, in the end they got busted and got out of it.

There are a few successful traders, but the majority loose money.

Like yourself, I have been in FNMA and FMCC since 2008. I have added, and did take some profits in 2014, but I have generally kept most of my shares.