Oh yeah!! So I have always felt the need to make more money and salary wasn’t enough most times. So I was trying to make money from trading and I ended up losing more. I think I have lot quite a lot and everything is from my Zerodha kite account – My portfolio went from 30 lakhs to 10 lakhs crazy right.
I was basically selling dec options hoping Nifty stays in range or move slowly in the year. The first 2 years after covid, I had lakhs of losses on the call sell side! and this year on the PE side when nifty crashed from 26000 to 23000. Uff crazy. And I did take on considerable debt to have enough capital to trade. I was like I can make more than 10% return. I still believe I can
If I get the Chitti money. I will invest it in a liquid fund & SGB and then sell far OTM PE options with hedge and I will only sell when markets have dipped a lot and other times I will be position less. So cool right
The EMIs of the loans add upto 51k and my Chitti EMIs is 40k so I have a fixed expense of 1.2lakh at least every month and my inland salary is just 95k now. So I am kinda in a big trouble!!
Things will be sorted in 3-4 years time. When the Chitti EMI will finish and the loan EMI too. I can’t take anymore debt in the mean time. no matter what.
Also I need to improve my skills and get a higher paying salaried job!! I really need to do that. I can’t even marry right now. I am not even earning a penny now!!! oh my god.
I need to make more money each month save it and spend way less and get out of this. Next blog on the plan to get married