In the future, arbitrage at a discount really requires caution. Valuations are inaccurate. Based on the buy-in point, today’s estimate was a 7-9% increase, but when I checked, it only went up 4%, so Jiashi just broke even. The Gold LOF is currently trading at a 2% premium. Overall, after going through this process, I realize that making money from this is purely luck.
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Discount arbitrage indeed requires caution (Gold LOF).
In the future, arbitrage at a discount really requires caution. Valuations are inaccurate. Based on the buy-in point, today’s estimate was a 7-9% increase, but when I checked, it only went up 4%, so Jiashi just broke even. The Gold LOF is currently trading at a 2% premium. Overall, after going through this process, I realize that making money from this is purely luck.