Fannie Mae-No Politics (FNMA)

[Donotunderstand]

I assume you had an index or normal core large US stock mutual fund or 5 and other stocks

I have lost many a speculative effort (MIPS WAMU FNMA NKLA..)
I have made money on GM Debt and Sears Debt (bought at huge huge discounts and they paid off at PAR when all was done or in case of SEARS sold a ton of RE)

yet - after I had a kid - around 1983 - spec was never more than 5% of my equity holdings which sat in deferred accounts 98% equity overall - but along side say 10% or more in high savings accounts - MMs - online banks - and for those who bought them - ASSOCIATES paper

(note buying distressed beat up hated debt was IMO -- investing in EQUITY for risk)