TSX:AX.PR.E - Post by User
Comment by
Frankie10on Dec 17, 2024 3:02pm
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Post# 36366774
RE:RE:Canadian dollar plunging below 70 cents
RE:RE:Canadian dollar plunging below 70 cents Frankie10 wrote: Yes and let me connect the dots because this econboy fails to draw a single conclusion back to Artis. Typical accedemic... Incompetent outside of citing a textbook.
CAD is weak and cheap... So borrow CAD. Leverage. Thru IBKR one can borrow at 4.5% or lower. Then you buy a REIT that holds US assets and generates NOI in USD. My two favorites are HR and Artis - HR being the superior investment in every single way other than buybacks... The yield is greater than borrowing cost so you have a positive carry and the underlying is mostly US (in the case of HR)... And ta da... A way to monetize on this econboy's ramblings that are sound, yet lack any actionable conclusion.
Come doggy... Let's go for a walk.
Further to this... I illustrate in the below X post how ta leverage REIT portfolio (with CAD debt/leverage) models into a broader portfolio and how one can achieve a net short CAD position and positive carry thru leverage.
https://x.com/alphafortuna10/status/1869104832554156071?t=diMM24MoQZHDFDMCp-V-cQ&s=19