Replies to post #626537 on Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Yep

[Guido2]

Most of my money was tied up in my 401k. I converted the account to IRA. Before my first online purchases of FNMA & FMCC commons and preferreds I was asked to speak with one of the representatives to verify I knew what I was doing. Since then, I haven't had to talk to anyone there. The only restriction on my account is that I cannot use it as a trading account. I was told that if I sold a security I wouldn't be able to buy it back for x months.

[action8101]

Smart!

[Donotunderstand]

what does this mean??

I would like to covert them to FMCC or FNMA but my brokerage will not allow that to happen currently

??

going from a JPS to a common - even if both FNMA is like wanting to trade your intel for msft

you can sell one and buy - and if in a 401K - the commission should be tiny or you have no commission if you are already paying say 50bps for the account service and advice each year

confused

[mhill_fin]

The preferred aren't for weak hands. Probably not for you anymore. You fit more as a commoner.