Wednesday, October 29, 2008

What's Up !!!

Have been very busy, of course, what else but work. Also, the state of stock market does not encourage one to look portfolio or blogs :)

He he. On a serious note. I completed my ITIL Certification recently. Also, took over responsibilities for a large program. So all this hardly leaves any time. Unfortunately, all this took a tall on my health and I am forced to take some rest. Just returned from hospital yesterday. Was down due to fever, weakness, low counts of things like Platelets, WBC etc. God knows what all this means but net net, I am having bed rest. This is for the first time in my life I had to be off this way. So 'must focus on my health now. Before it get's too late.

Couple of weeks before, I had sold off about 30% of my portfolio in key stocks like Yes Bank, IFCI and GMR. Was able to buy back Yes and IFCI at something like 30/40% discount in the recent carnage. Though of course, what I have not sold are substantial quantities and portfolio is in a pretty bad shape. Right from Direct Equity to MF SIPs, all look very sad :)

Not really a big problem at this stage as this was supposed to be a long term investment anyway. What has changed however is this. I took the possession of my house in Mumbai and had to cough up 7% towards service tax and vat as a contingent liability thru Fixed Deposit. I am not prepared for this and my finances have started showing up.

Also, was looking up some interesting rental stream commercial real estate kind of investments. But then could not go further. Just no money dude :)


Regards, Rohit

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