Fannie Mae-No Politics (FNMA)

[Ace Trader]

Actually what I did in April was sell all FNMA at a $33,000 there abouts lost and banked that as a tax loss for this year then brought Freddie. On paper I’ve banked a loss but in real life I’m back to what I put into my original investment. With it going back to $3.50 or higher I’ll make that profit back tax free.

Only down turn is I can’t buy FNMA back for 90 days or the lost is not counted in full as a loss.

I did this because I missed selling at 3.85 in January.

You can bank a loss and flip between Freddie and Fannie without it being a wash sale.