Anvay New Phase of Life, College it is..

31-July-2023

Anvay moved to #Bengaluru to attend college and now will stay in hostel for at-least next few years to study B Tech CSE. It will be a long journey as he ventures into a #newphaseoflife. I am sure, he is excited, but it will be a lot of hard work. 

It was an emotional moment for all of us. We won't see him for months and when we see him it will be for a few days whenever he comes back for a break or vacations.  He has left the house for good and will be now charting his own journey without us being physically present with him. I hope Anvay will learn from his past and will do his best in this new phase. All I can wish him is best of luck. 

I spent last weekend in Bengaluru with Anvay, sorting out the admission, hostel and other paperwork. It was my second time in Bengaluru. The weather was nice at 21 degrees Celsius. The campus looks appealing. I haven't had the opportunity myself to go to a campus like college, but these days there is a lot of push on good infra. It has a jogging track, a football ground, a basketball ground and an open gymnasium, food court etc. We were told that full sports building coming up in few months along with a separate cafeteria or food court building. The hostel space looks also nice and worth the money. Sometimes, I wonder how they are going to maintain this with all the cost they charged.  

We also went to see Ginni and Mayank on Saturday and spent a night there. It was sort of nice to see them after a long time. Avantika aka Ginni was busy with her two kids, and Mayank supporting her well, wherever he can.

On my way back to Delhi, I had almost missed my flight. The flight was scheduled for 5:15 pm IST, and at 4pm I was at the hostel waiting for the taxi. A lot of things had to go right for me to get there. I think I got lucky. Web check-in saved me as check-in counters were closed by the time I got at the airport. Originally, I had planned to leave by 2pm, but somehow, I didn't feel like leaving and keep dragging. It was kind of nice to see him around or at home. 😢

I also met Rishu on my way back at #Gurgaon. It was kind of nice meeting him after long. However, we both were very tired so slept like after few drinks and dinner. There was nothing new, we both are busy with our work lives. Rishu keeps on travelling a lot as sales his primary job. We gossiped about the same shit, talked about new developments in our life and called up Raju to make him jealous about our meeting. Raju is now posted in #Faizabad near Ayodhya travelling in and out from Barelli. 

I will be travelling back to #Thailand on 3rd morning as key deployment coming up on 4th Aug. Hope the visa issues for Myra and Pallavi will soon be sorted and they can join me at Bangkok in next 2 weeks. 

As written earlier, it's a big change that is going to impact many lives. My father has to shift to my brother's place (that's what the thinks, but I think he will be back here in this house soon) and Pallavi's parent will be also alone. They moved to our building back in 2021, and it was a sort of arrangement which was quite symbiotic. Back of my head, I don't want it. I still like it here, but I don't want to mess with my work, and I also don't want to change. I am not sure, if this is right or wrong and yes, as a son, it is not so great for the parents on both sides. I wish I could have done better. 

Have a good week ahead!!

vA

Back in India, Anvay going to Bengaluru and losses continue

22-July-2023

Finally, Anvay got into #Bengaluru campus of Manipal Institute of Technology. He will be leaving on 23 July to start a new phase where he will be of his own. It's an amazing feeling but also an emotional one. Seeing him grow from a child and now to set him free. Hope he finds his path for a successful life. I am back in India to see him off and drop him to the college in Bengaluru. 

2023 though going well, it's year of change. Anvay is moving out, later, Pallavi and Myra moving to Thailand. My father also has to move out as no one at home. Later is due to the fact that my job is at Bangkok, Thailand, and I don't want to shift. It's an impact and outcome would have been different if I would have decided to stay back in India. My move also impacts Pallavi's parents who will also be lone back here. It's a difficult decision and a very emotional one. I am not sure, what is correct, but I am bit tired of running. 

My trading has been worse this year and impulsive trades are not helping. I took few trades to help me out of losses, but then same mistakes and it didn't turn out well. I ended up wiping out all the profits I made on Infosys trade. I definitely need to slow down and alter my ego and strategy. Sometimes, I had a thought, should I let go this part of my life. It's too much and too long. It's not working out the way I want. I am not sure if I am too ambitions on this. Going in next few weeks, I will try to focus on equity side and avoid options or futures trading. I have bought #LIC and #Infosys (back again after the bad results). I think IT is a good, staggered buy, and returns in next 2 years will be decent. With that view, I also have diverted almost all the mutual fund investments to the IT funds. 

Noting special happening, but I will be travelling a bit in the coming days. Going to Bengaluru this Sunday, and then will be travelling to Thailand on 03 Aug for an important deployment, and then may have to travel back to pick Pallavi and Myra. There are few planned events outside Bangkok, towards end of Aug. 

Happy weekend!

vA

Q1 Disaster on options trade

09-July-2023

There is no running away from the fact that Q1 was a disaster with markets reaching new heights. I have cumulative losses of INR 425k. Following the principle of not adding new capital, the losses were recouped for time being from selling #IDFCFirstBank equity which net gained INR 609k. It's just a condolence trade, but I need to see how to recover the losses. Anyways, I am taking a short break to get back in my normal mindset and not to do anything crazy. The principal and left-over gains will be going to the #Infosys. It has already run up by a few percentages before I could buy the target. I still have like 500k of buy left. I will wait for the price to fall back close to 1300 levels. 

IT is slowing down due to recessionary fears, and I feel it's a good time to double the investments on the IT sector. Therefore, I am moving a lot of new money that goes into the mutual funds to this sector for few months. I am going to have the highest exposure to this sector after banking. The banking exposure have come down significantly after I sold IDFCFirstBank equity. 

Hope this year will be another net green on F&O :)

Happy Sunday!!

vA