IDFCFirstBank was a good bet

25-Jun-2023

Finally, I decided to sell #IDFCFirstBank equity that I held for last 5 years or so. It was difficult to resist a INR 600k profit but the other reason that prompted me to sell it was my big losses on the options trade that continue to pileup, and I don't want to invest new money in direct equity.  Once I sold all (4300 still remaining), I can likely still take-home net INR 100k. I should have had let it go when I exited the May positions. I intend to buy #Infosys from the principal amount that comes out. IT sector is fairly going down the turn and it will be good time to accumulate slowly, 

I think, IDFC bank was a good bet. I am selling almost at 67% gain, which is like 12% per year. On the other hand, even Infosys stock does not perform in near future, I expect to get at-least 1-2% in dividends per year. 

On the personal front, the week was largely uneventful apart from the fact that Myra and Pallavi went back this week, to be back in Thailand by end of July or early August. The transition to Bangkok finally happening. I hope they had a good one month spent here. It was slow in site seeing, but there was no need to rush things as well. 

Anvay book is finally published, and I guess, it is a good thing for this age. It is difficult to write a book. I hope it appeals to young adults as he calls, it is for specific audience. 

Anvay travelled to Bengaluru last week to try for PES, but unfortunately seats finished at 4830 rank much lower than his rank which is in 7ks. It was largely expected but you just wanted to take a chance. 

He now has to finalize from #KIIT and #Manipal University Jaipur (MUJ). I think the inclination is towards MUJ. It has to be closed this week, as you have to pay the fees :)

vA

Bring My Infinity Alive

11-06-2023

#Bring My Infinity Alive is the title of book written by my son. The things have changed from past where a publisher will review and see its potential and publish it at no cost. These days, the competition and ecommerce has made it easy that you can pay to get it published. I appreciate his effort and zeal in getting here, writing a 150-page book is no easy feat. All my ask was to make it catchier to the readers in order to bind them in reading it full. Hope he learns by this experience. 

Myra and Pallavi, I hope enjoying their Bangkok trip, with now 2 weeks more to go for this round. They will soon be back on dependent visa, and Myra will go to new school here.  

We had the first family dinner yesterday, at Dipak's place. It was kind of nice for a change. The key goal was to have some introduction to Pallavi and Myra, to keep them engaged and also make new friends in this new country. I have known Dipak for years now and we almost meet every day during morning walk. 

Going back to Anvay aka Aadi, we still sorting out the admission to university for him. There is a lot of confusion, but we don't have many options. In case, he could have done little better scoring he would have better college to go. Anyways, the message is simple. Accept what you have and work hard to make it better. After a decade the score or XIIth marks discussion would look childish and insane. 

On the markets front, I am literally struggling to make any money this year so far. The losses are piling up as nifty continue to drive up slowly moving the supports higher gradually. It's going to be a tough ride back to green. I have kind of lost hope and now aiming to make a lesser loss. A profit will be a bonus. I am trading less due to this hangover position that I am rolling over since April 23 and it is already June. For me to make a profit, nifty needs to go down at least 400 points which is very unlikely.

Happy Sunday!!

vA