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Srinivasu Chakravarthula, CPWA (CPACC + WAS), DHS Trusted Tester Posts

COVID-19 effect on stock market – what am I doing?

March 26, 2020 • Srinivasu Chakravarthula

As we know, we are going through difficult times due to COVID-19 and major hit on global economy. It’s unfortunate that many businesses have come to a halt.

Yes, it’s temporary – in fact, everything in this world is temporary! Like everyone, I’m also seeing decline in my portfolio but I’m optimistic that situation has begun to improve.

Here is what I did in last few weeks. I have sold short-term mutual funds with a nominal margin. I have decided not to buy new stocks except State Bank of India. I have continued investing on daily basis on the stocks that I already have; this is helping me to reduce my average cost per share. I am making sure that I have decent cash in hand for emergency.

In addition, I’m continuing SIPs scheduled both tax saver and short-term. Overall, my portfolio health is improving. As I have said, it’s matter of just a few weeks considering if all of us feel responsible to follow directions by our governments and stay safe!

Have a wonderful day!

Greetings on Sarwari named Telugu New Year – Ugadi Festival

March 25, 2020 • Srinivasu Chakravarthula

Ugadi is one of the popular festival for Telugu Speaking people. There is a 60 year cycle in Telugu calendars and we are now entering into 34th year that is named “Sarwari”.

Although right now we are all dealing with COVID 19 also known as Carona Virus, we will get rid of this difficult situation very soon. It’s important to follow directions of the Government and stay safe.

Ugadi is a festival that starts with offering prayers to lord and then taste a mix of six tastes – sweet, soar, spicy, salt, bitterness and tang. Each taste describes different things:

  • Sadness – Neem Buds/Flowers for its bitterness.
  • Happiness – Jaggery and ripe banana pieces for sweetness.
  • Anger – Green Chilli/Pepper for its hot taste.
  • Fear – Salt for saltiness.
  • Disgust – Tamarind Juice for its sourness.
  • Surprise – Unripened Mango for its tang.

Wishing everyone a happy Ugadi; have a happy and healthy life ahead. As a reminder; follow directions of Government and stay safe! Let’s fight COVID19.

Be cautious about cab booking service on MakeMyTrip.com

December 9, 2019 • Srinivasu Chakravarthula

Yesterday, we have made a cab booking for airport transfer using MakeMyTrip app and we have received car details via text message and WhatsApp. A driver has arrived about 30 minutes earlier than scheduled; we felt happy for being punctual.

After a few minutes, got a call from different number asking us to WhatsApp the OTP received once the trip get started. I refused to do so and told him, OTP can be only shared with drive.

When we went down, we have realised there is no car with the number mentioned on the message sent to us. We have called the driver who called us before (assuming he has called from a different number than what has sent to us) and he said he is standing just infront of us but the car number is different that what we have got in the text message. Since we have a flight, we had to take a risk and board the cab; thankfully he has dropped safely.

After a while, I called MakeMyTrip.com’s customer service and explained the incident; to my surprise, they were pretty casual and told me that such incidents could happen when a driver deny the trip at last minute and vendor can assign another car but need not update in the sytem. How would customer know the authenticity? How safe is this process? when I started asking these questions, I got a usual response, “we will look into the matter and get back to you within 24-48 hours”. Also, even after an hour of our trip, MakeMyTrip did not have the information about who has fulfilled the trip.

Lesson that we have learnt from this is ensure there is more than required time for airport transfers; when car number does not match with the number received in the app, do not board the cab but make an alternate arrangement. Make the vendor accountable and report incident to plice.

#DoNotTrustMakeMyTrip.

Last 3 weeks…

November 3, 2019 • Srinivasu Chakravarthula

Last three weeks have been crazy and a lots of new developments in life. Some are good and some are not so good; but life will have mix of things and we just need to accept whatever comes into our way…

Positive things first… During 3rd week of October, I have attended Empower 2019 – Assistive Technology conference hosted by IIT Delhi. This has grown big and improved. Thought it was second time of this conference but learnt that it was actually 4th one in the row and first two were hosted in the IIT Delhi Campus itself. Great products were showcased by many organizations including Mega Voice and Tectopus. We have bought a few products to include at the experience centre at The NAB Karnataka Branch. It was great to have met many friends.

From Delhi, I have travelled to Chandigarh to finish paperwork with my new employer Watermark. Yes, after close to 4 years of wonderful time, I have decided to move on from Informatica; only reason to join Watermark is the kind of products they make in the space of education and accessibility of such products will have a huge impact and benefit many customers. I am looking forward to this exciting new journey.

During my stay at Chandigarh, I have noticed a lot of watering from my left eye and for a day I thought it’s due to climate change etc., but on second day when it has increased, I have visited Amcare hospital and they detected that there is a lot of infection in the eye and must have been there for sometime; given medication and advised me to consult with optholomologist after I reach Bangalore.On my arrival to Bangalore, I have visited Manipal Hospital. They have detected that an implant that was inserted during a surgery in my childhood now got infected and they need to remove the same. On 26th November surgery took place and went well; unfortunately, during this process, I have been diagnosed with diabetes and put on medication. Few decisions I have made last week is take all the steps that are needed to minimize diabetes and not to take any stress. Just ignore people who creates stress to me.

I have missed this year’s Intuit’s Accessibility Summit but it was great to meet Ted Drake.

Looking forward to working on healthy life and get to my new job.

My experience in trading

September 22, 2019 • Srinivasu Chakravarthula

For many years, I was under the impression that stock market is a highly risk area to invest money and have chosen to stay away for a long time. Yes, it’s true that investing in stock market is a risky thing if not done in a right way. For a couple of months now, I have been investing in stocks and it’s a great experience.

My inspiration

Hema’s uncle Shri. Tadimeti Sathya Murthy, a retired bank officer and I get into conversations about how carefully money should be used and how we can save. Quite often, he used to bring stock markets into conversation and he has been trading for about three decades. That triggered me to think when there was no technology and he was trading and why not I? So I decided to venture into invest smaller amounts into trading and see how it works.

My learnings

  • If your goal is for short-term, then you need to monitor market closely
  • It’s OK to bid even less than 3% of value while buying; most often transaction will go through by closure of market.
  • It’s OK to bid 2% more while selling and this would even go through; well, there is no guarantee
  • As a beginner, I just rotate a sum of some amount and beyond a limit, I will not pump in money to investment
  • I sell my holdings when they raise at least 10%
  • Ihave noticed markets going high on Monday and Tuesday and going down on Thursday evenings and Friday morning
  • I use a strategy of buying shares while market is down and sell while market is on higher side. (nothing new here)
  • I usually buy shares that are of government such as HUDCO or brands like TCS, Infosys etc.,
  • I place orders before market opens, then monitor market twice within the day and then finally check my orders at the market closure.

In summary, it’s a good place to earn profit if business is done with care. So far I’m enjoying and made a decent profit in two months!

Still Congratulations, Indian Cricket Team!

July 11, 2019 • Srinivasu Chakravarthula

Yes, India lost in semi finals against New Zealand during Cricket World Cup, 2019; but still I congratulate each and every player of the team.

Is 238 for a opening team consider a great score? that too for a semi final? certainly not… so that witnesses our team has done a great job in fielding.

Yes, we lost 3 wickets for 5 runs, I blame climate conditions for that and not our team. Very same players including KL Rahul have made century plus in the last game. Even though, we lost 3 wickets for 5 runs, M S Dhoni and R Jadeja have a done a tremendous job. Entire team have tried their best to win the match and we have only lost with 18 runs. So we have still created a history.

If it was not rained badly, I’m sure, India would have made to finals and yes, I was not sure if cup comes to India or goes to England; because England is equally a strong team.

Overall, I thoroughly enjoyed all the matches during Cricket World Cup 2019. My best wishes and love to entire Indian Cricket Team and specially Rohit Sharma, MS Dhoni, Virat Kohli, Hardik Pandya, KL Rahul (for KL Rahul, initial games were bad). Lots of applause to Rohit Sharma for his 6 centuries during this series.

Wishing England, Australia and New Zealand all the best. Dear Indian Cricket Team, I’m still proud of you all.

Best wishes,

Cricket World Cup: All teams are playing quite well!

June 24, 2019 • Srinivasu Chakravarthula

This is the second time (first was in 2008), I’m following Cricket World Cup. I am thrilled to see that all teams are playing with zeal and doing their best to make their country proud of them. All teams are putting such an effort that even if they loose, no one will blame them.

As far as India is concerned, except the match on 22nd June, 2019 against Afganisthan, they have played all the matches very well. Rohit Sharma has made centuries in all of the matches except with Afghanisthan. During match with Afghanisthan, all the players have wasted a lot of balls; but fielding saved India. I just sensed that Indian team has under-estimated Aghanisthan. But Afghanisthan team have done a great job as well. It’s sad that Shikhar Dhawan is away for a few matches due to injury but I am hopeful, he would return soon. KL Rahul wastes a lot of balls initially but contributes in the later part of the game.

I wish all the teams best of luck. No matter who wins, it’s matter of sport spirit.

A few thoughts on Election Results of 2019

May 23, 2019 • Srinivasu Chakravarthula

It’s good to see Bharatiya Janata Party (BJP) is in a good shape to grab required seats to form the government yet agin. There was certainly good progress to the nation during NDA (National Democratic Alliance)’s government for last years. India played a critical role to have Yoga recognised by the United Nations; there were good initiative to make country clean, accessible, improve quality of government services, a firm decisions on terrorism and many more. Everything cannot be done within five years. I’m hopeful we move towards a greater progress in next five years. As someone mentioned in their Facebook post, now opposition and other parties should stop thinking about how to prevent Modi or BJP, instead, work with government in constructive manner and win hearts of people.

I’m super thrilled that BJP is also leading at many places of Lok Sabha seats in Karnataka. I would hope this leads to a development of the state and hopefully this party will come into power in Karnataka state assembly too. One full sprint of five years, they need to spend on eliminating corruption. I don’t mind of they don’t focus on anything else. Eliminating corruption itself will lead to development.

Coming to results of Andhra Pradesh Legislative Assembly, while I congratulate YSRCP for their win in the state, I urge Mr. Jagan Mohan Reddy should use this opportunity and work towards development. I had an opportunity to meet his father Shri. Late YS Rajasekhar Reddy; he has made some great work to development to then Andhra Pradesh. At the same time, Shri. Chandra Babu Naidu and his party have contributed a lot of efforts to empowerment of both then Andhra Pradesh and even after bifurcation. Mr. Naidu has played a key role to get IT businesses both in Telangana and now in Andhra Pradesh. What is disappointing is that Telugu Desam Party has just able to win only about 25 seats. They certainly deserve more than that.

Anyway, I hope a great progress will take place in next five year and we don’t have to get into a situation where we need to invest on elections again very soon.

Congratulations to all the winners; if you are in ruling party, utilise your power and create best policies; if you are in opposition, don’t invest energy in breaking chairs and micsets in assembly but work collectively and force government to make development. Good luck!

Election results 2019 – morning update: Loksabha & Andhra Pradesh

May 23, 2019 • Srinivasu Chakravarthula

Today is the day that many of us are awaiting for. Verdict is given. As of writing of this post, YSRCP (YS Rajsekhar Reddy Congress Party) is leading in Andhra Pradesh with leading at 32 constituencies followed by Telugu Desam Party with leading at 6 places. It’s too early to decide who would win the majority. We may get clarity by noon or little later.

At Loksabha, BJP (Bharatiya Janata Party) is leading at 200 places followed by Indian National Congress (INC) at 60 places. For Loksabha, chances are higher for NDA to come in power.

Whoever comes into power, it is important to focus on development of nation and utilise parliament / assembly time effectively rather than fighting abot what other party has not done. Every party needs to focus on what they would do rather than investing time on finding faults of other party.

Will write a next update at 2:00pm.

A great actor and simple man Shri. Rallapalli is no more…

May 18, 2019 • Srinivasu Chakravarthula

Shri. Rallapalli Narasimha Rao (73 years) – a famous actor in Telugu industry and a simple man has passed away last evening at Hyderabad. He has made about 850+ movies.

Thanks to my brother, Subrahmanyam, I have had a fortunate moment to spend a couple of hours with Shri. Rallapalli in the year 2015.

Shri. Rallapalli and myself standing at our car in Hyderabad

May the departed soul be rest in peace and our sincere condolences to his family, friends, well wishers and everyone who feel for him.

Know more about Shri. Rallipalli from Wikipedia