Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

RE:RE:RE:RE:SELL REITS AND SHORT THE YEN?

[rad10]

Frankie10 wrote:

As I like to do from time to time - I disagree with DZ. I think it was a great time to short the yen. 

Rad - not financial advice - but I short the yen thru my IBKR margin account. I borrow it at 1.5% p.a. and have REITs as collateral, which distribute more than the CAD and JPY interest. I short JPY by buying a JPN stock 100% on margin (thus creating the JPY debt, which I consider a short position). The long side is a JPN company committed to increasing btc per share. So the trade ends up being, BTC/JPY, with a negative carry of 1.5% per year, before factoring in the aforementioned yield on the collateral/REITs. Long live the JPY carry trade.

 

sounds cool Frankie.

It's  a little too exotic for my simple approach, but I admire anyone who can do stuff like this on a regular basis.

Tranferring over from my discount online brokerage to interactive is also something I have "meant to do" for a while now.  Too much inertia!!

Picked up some GOOGL and FFH with cash from Artis preferreds.  I only dollar cost the regular units.