I reduced US Dollar position today by buying Australian dollars (FXA). It currently has a ~3.5% yield. I committed about ~7% of the portfolio to this idea today. This is more for short-term yield and to rid myself of USDs… I now have 30% of the portfolio in free USD cash with another 22% of portfolio in USD cash committed to MTM margin reserves due to derivative positions.
Strategy: lower beta “Risk On” play… will exit if the market gets weak or may sell covered calls if we run up. I will also would be will to selling it to buy longer term investments.
Posted by rshm02 
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