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

No more popcorn

[Frankie10]

I feel Snakey's disappointment tied to the underperformance of our REITs. I think it's nonsensical for me to bullishly describe Artis, et al. while they destroy my total overall portfolio performance. I have now reverted back to a wait and see strategy where we get paid handsomely to wait (some more than others depending on leverage and cost of debt).

My REIT portfolio is 3x levered now - I have been buying back HR and Artis aggressively on the recent dip. REIT portfolio (unlevered) yields 7% and cost to borrow is sub 5% thanks to IBKR and cheap JPY margin - so levered portfolio generates roughly 9% on equity investment.

Its been brutal lately and I don't feel great at all. Its really bothers me how obvious the Bitcoin-Trump trade was and it pains me that I did not go all in. I missed the opportunity to change my life. And I guess I gotta live with that. On that note - off I go to my 9-5. Fml.