|Couple of bets played out well. Wont be in town for a bit so updating a little early. Was excited to post the win. |
High cash is a result of a currency requirement for another investment. It was cheaper to acquire the currency from my brokerage as opposed to via my bank. It should be plopped into "bonds".
At the same time half of it is the unneeded cash which will go back to the brokerage to pay down some of the "other debts" which is the margin position I temporarily incurred while doing the FX transaction.
There's about 500k of margin debt I'd like to pay down to have a more conservative equity account position.
The other 2.2mil of debt I probably don't mind keeping due to the decent interest rate, currently about 2%. It's used to finance bonds paying 4% so can still hold on to it.