Equity play week, and a long weekend

12-Aug-2023

Another weekend! In fact, it's a long weekend with Monday being a local holiday.

It was mostly work heavy week. No major challenges, but just too many open items on work side. I will call it a better week, as not carrying much for the weekend to think about. 

Aditya was in Bangkok, so we had breakfast and dinner on different days. I probably will see him again in Singapore when I travel on Aug 27 - Aug 30 for T3 CPM. 

Pallavi and Myra will now be travelling on 21 Aug. They could have traveled on 13 Aug as per original plan as they already got O visas on 11th Aug, but bags are not ready yet. 

Anvay seems to have settled in his college life as classes has already begun from 31st Jul. He is making new friends and exploring city. 

Next week, going to be another week and I will have to prepare for upcoming travel to Phuket and Singapore towards end of August. 

After the Q1 losses in F&O, I am doing more equity trades instead of F&O. It is going okay with #LIC generating around 42k of short-term gains. I also have adjusted #NBCC for long term losses with IDFC long term profits. It is something called as tax harvesting, but the losses were only approx. 20% of the gains. Therefore, I may adjust #YesBank long term losses at a later date. I am constantly adding YesBank equity with a bias that it will either perform very well in long future or subject to acquisition or merger. The average buying price should be close to spot price for any big losses. 

I have a feeling that equity works better for me than F&O, but the problem is of scale. Anyways, I am not giving up on options yet. 

Started binging #Made in Heaven - Season 2, it is intriguing, touching and entertaining at the same time. It challenges the society taboos and reflects, how we are still a very old school society. Too many kisses though. 

vA