Secondored, thanks 90sbaby. I hope you continue to update. Others, too - Cdub, RaiderHater, whoever has a hot tip that can't miss.
I hate giving stock advice I always feel bad if initially the investment goes down and I feel like I've given someone poor advice even though I personally have no problem holding onto my investment knowing that I have a conviction
One stock I've been heavily invested in for a few years now is Fannie Mae I bought shares around a dollar and sold around $5 after hype of hedge funds starting lawsuits against the government. some of those lawsuits have been thrown out and the stock price went back down and a little over a year ago I bought back in at 1.30. After Mnuchin made some promising comments and after Trump was elected the stock more than tripled. I didn't sell so I'm still holding it at a profit but it's a stock that I follow very closely and feel comfortable that I'm going to hold until the end game. the end game either being the abolishment of the companies or the restoration of them at which point they are way way way undervalued for the type of profits they turn. Being that they are so crucial to the 30 year mortgage, I really don't see them vanishing completely without a sensible alternative.
If you really want your stomach to churn, do some light reading on the GSEs, the Obama administration and the "net worth sweep". One of the most sickening heists in government history thay no one talks about. Short synopsis: Obama administration had info that fannie mae and freddie mac were about to start turning massive profits in 2012, so right before this happenedn they changed the terms of the original bailout to be a sweep of 100% of the companies profits (which wouldn't even count toward the repayment of their bailout) and would leave the companies unable to recapitalize, potentially needing to draw more funds from the government if they turned a bad quarter or two. To date, fannie and freddie have far exceeded the repayment of their initial bailouts and where has the $$ gone? Further more, the government continues to ask fr extension after extension in court to avoid turning over potentially incriminating documents.
It's sad. I lost a lot of faith in both our government and legal system by following this issue