My brother Caleb and I have decided to take our chances in the stock market. Caleb wants to make some quick money, while I want to do some more long term investments. Caleb wants to buy General Motors (GM). Unfortunately for him, I won’t let him do that. He should have read my post about GM. I want to test my stock skills with Fannie Mae and Freddie Mac.
Yea, I can hear you know. Didn’t they collapse like four months ago? The answer to that is yes. But hear me out.
Fannie Mae and Freddie Mac (FNM and FRE, respectively) are at their all-time lows. FNM is selling at $0.40 a share, while FRE is at $0.56 a share. That is down from their 68 week highs of over $60 a share! My plan is to invest a small amount – $500 – on Fannie and Freddie. These are companies that cannot, and will not, completely collapse. Once they return to their old dominance (in 2-5 years), Caleb and I will be sitting on an over $50,000 return. If we decided to continue to put money into them, the sky is the limit.
Maybe the best part about the whole thing is while CNBC has their Maria Bartiromo analyzing stocks, I have my Mari Bartolomeo.
Cedar Point in Ohio is no longer the place with the biggest roller coasters. Superman doesn’t own the record for the biggest vertical drop. This roller coaster isn’t for those with health problems, women who are pregnant, or kids under 12.
This ride has so many ups and downs it will leave you dizzy and sick to your stomach. The costs of this ride varies from person to person. It depends on how much you’re willing to spend.
Where can you find this fun interesting roller coaster.
Wall Street!!
Over the past three months, the Dow Jones Industrial Average has lost over 33% of its value.
I am part of a stock market competition, put on by Updown.com. You start with a million dollars (play money in case you didn’t get that), and try to return the biggest percentage by the contest’s end. I was doing awesome at the beginning of school, with almost a 100% return in less than a month. After school really started getting busy, I let my portfolio slip a bit.
My portfolio is the blue line. The S&P 500 line is the green line, included for reference.
I am glad I didn’t have any real money in the stock market the past few months. I feel I would be in the same boat as millions of other Americans who lost so much. Now though, I am itching to try to make a few bucks. I tried to open an account at ScottTrade and eTrade, but you need a minimum of $500 down. I was hoping to through a $100 in and see what happens.If I do decide to hop on this roller coaster, I’m hoping my wallet doesn’t fall out on the loop-d-loop.
