Tuesday, May 28, 2013

Fannie & Freddie: This is not rocket science!

It was around May 9 that I first said I was looking at Fannie Mae (FNMA) and Freddie Mac (FMCC).  They were both under $1/share.  In about 3 weeks they've tripled, including +25% today, on top of a +40% day last week.  I'm not bragging, it was pretty much luck on my part, but my point is, for you folks that have "financial advisors", how many gave you a head's up on this one?  Exactly. No one could have predicted this. I only looked because it went from about $.30 to $.74 in a day.

Picking stocks is not rocket science. I've had bad days, but today so far is really one of my best ever. My point is, and always has been, this is not rocket science! Any advisor that makes you think you can't pull a good stock pick out of your derrière just like they do is lying to you!

I am not a certified financial analyst, stock broker or anything like that. I have a full time job so I don't have the time to spend 40 hours a week analyzing stock tables. I don't have any insider information on any stocks I look at.  And I'm not the smartest person I know, maybe not even the smartest in my family. Yet I was able to pick these two. Things that make you go hm.....

Last thing, I don't think their ride is finished. I don't think it's too late to get in on it.  Just my opinion....

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