Replies to post #12032 on Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

Why anxious?

Have a look at IGK; it's a hybrid ING pref that pays over 8% on a $25 RV. I put money here instead of in a savings acct. They never once interrupted thier div, even thru '08-09. Share price did take a beating, I think the least I paid was ~$11 and the lowest I saw was near $4 (regrettably, I did not have the stones to buy there!).

If you have a long horizon 8% is a nice return...