|Big transition month:|
Stocks performed very well this month up about 6.5%
Completed new lending arrangement as noted below - upfront fee received. Monthly $3500 loan interest received in post dated cheques.
Monthly interest cost on IBKR loan to facilitate above loan cost ~$1400/mth to net $2100/mth x 6 months.
$30K USD into new VC investment (held in other assets)
Now -ve $1.481 million leverage in IBKR. Current excess liquidity around $500K within the account for the margin trigger. Backup LOC's available to inject capital if big market draw down in short term
USD improves 1.31 to 1.33
* new lending arrangement secured by 2nd mortgage of $700K on borrowers house starting Nov 1st
Will be held as bond type asset yielding 6%/annum plus fees
Will borrow from IBKR to facilitate loan (2.4% charge)