TSX:AX.PR.E - Post by User
Post by
Frankie10on Oct 04, 2024 12:15pm
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Post# 36253423
Trimmed
TrimmedTrimmed some AX to offset recent leverage taken on to purchase Metaplanet (a Bitcoin company I invested in and TJ mocked me for owning - which I unironically went on to realize 200% profit in roughly a quarter)...
I still hold the vast majority of common units owned at my peak exposure here, as well as multiple tranches of call options as far out as mid-2025. I just couldn't help not buying back Metaplanet and running back the BTC/JPY carry trade (100% margin) for a second time. JPY borrow rate at IBKR is sub 2% and the positive carry of REITs in the margin account make the interest expense a non-issue for me.
Cheers to the longs. Happy to have fed the NCIB for us all. Long live the yen carry trade.