Sunday, June 9, 2024

Bad career time - again and again

I vividly remember writing 'bad career time again' type post during last days of NSDC and early days of EdCast. Little did I know I need to write such a post, again, in fact, with higher intensity of 'bad' in near future. I have started doubting my career choices until now. I am jobless now for last 4 months now. To be frank, I delayed writing this post thinking good time will come soon, and I will write this post sharing some good news with the 'bad time' having only nostalgic values. But, no! no good news is waiting. I am exhausted, tired, negative!

Here are four dominating stories of this bad time--- 

Just before sending the resignation email
CSoD story: On 12 January'24, Sameer (new manager after Atul's removal) suddenly scheduled a call with HR. In the call, he gave some stupid reasons (one being all my team members join group call with nasscom) and proposed to put me in PIP. Just 2 months ago, I completed my development conversation with then manager on an optimistic note. I was flabbergasted! After Atul, I and Naresh were anyway on the radar, particularly with the closure of the FSP contract. But I was expecting a respectful exit, maybe followed by a fruitful conversation about the present situation. My mind flew back to Microsoft days. In such a long tenure of more than a decade- nothing has changed professionally for me? Or, maybe this corporate space is like that only. CSoD was my second attempt with a for-profit organization after Microsoft. 

In last couple of years, I have at least learnt how to manage such a situation. I resigned the very next day and protested against that sudden conversation through email to all possible stakeholders. Mukesh setup a call with India HR Head, apologized for the sudden step and asked to take back my resignation. I continued my stand and February 9 was my last day at Cornerstone. The company who brought me home and witnessed me becoming a father could have had a cheerful farewell. Alas!

The story of Chief Strategist position: Last year July, I applied for a position of "Lead, Strategist for IT and Electronic Policy Implementation and Investment Promotion - DIT Assam" with Government of Assam after advice from Jahid Da. The non- enthusiastic application and the long delay made me forget about that. The day after resignation, in casual conversation with Jahid Da, I got to know that the interview scheduled in that very week. I pulled in all my contacts and on the way to Guwahati with Dada, sitting at the house of Dada's junior at Boko, I somehow made sure my name gets shortlisted and finally appeared for the online interview on 19 Jan'24. The change of situations has been rapid post resignation, and I successfully secured a job as informed by Yash, Anupriya (NISG HR), the Cotton professor in the panel who was contacted by Karuna Da through his friend post interview, conversation with Pujari and the file noting as seen by Jahid Da at the secretariat. Until this point, my resignation decision has been totally justified. However, things didn't move post that until today. Enquiries were made through OSD to CM, Jayanta Biswa, Biswajit Daimari (via Rajib Da), Kesab Mahanta's PA and nephew - but there is no luck. My last conversation with NISG reveals an incomplete financial approval by DIT has casted serious doubt on the progress of this project and the related recruitment. I can't write how much dreams were built with the sudden nature of this milestone, but just to get crashed like a pack of cards.

The only good story of PhD coursework: Amidst so many negative news, I completed my Jan-May semester exam and completed 4 mandatory courses of IIT PhD coursework with 9.5 CGPA. Although I resigned in February, PhD work has kept me occupied until mid- May. In fact, my quick and bold resignation decision has much to credit to the ongoing study. The comprehensive exam and SoAS are left, but I am happy about not attending regular classes. The regular visit to IIT, conversation with Karuna da, attending sessions such as the semiconductor ones, and the dreams of a future academic career at IIT are the fuels that has kept me going in this bad time.

The new ray of hope- SeMT story: While waiting to join the chief strategist role after a positive interview as per my sources, I was even reluctant to apply for the Head-SeMT position. Again SeMT, oh No!! The application at DIC portal was very confusing, time consuming and last date was initially posted as 20 June, i.e. post national election result. But maybe God was smiling while I submitted the application. During the Aizawl trip, I got the phone call about getting selected for the interview on 31 May. However, even before that call, I got to know about shortlisting,  preponing of the last date and the probable names of the interview panel members. I prepared very aggressively for the interview- going through each and every document from Mizoram SeMT and Digital India period, knowing nuances about AI and Blockchain, the Digital Public Infrastructure like IndEA, India stack and also conversation with Amit, Vinay Sir, Sunil Sir etc. Amit and Jahid Da have been extremely helpful 

The interview was a bomb. The 6-member panel including Ajay Sawhney Sir, Sunil Sir, Amit (UMANG) spent more than 45 min with me. There was no question where I hesitated; good articulation along with relevant content is what I tried in each and every answer. I thoroughly enjoyed the process and so as the interviewers. After many days, I was so satisfied and happy after attending an interview. Sunil Sir told later that I got the maximum mark in the panel. However, the only problem is the salary cap of DIC; in case of Head- SeMT, it is capped at 37 Lakh. I have been thinking on this 'compromise', will analyze more in case any good news come in this front. 

Time or no time

'All the time, but no time' story: In a way, I am having all the time of day and night; I can and should take up anything and everything. But the reality is that I can't even manage 30 min of productive time in a day. Although I blame Rodalee for this debacle, maybe, I have not been able to balance my personal and professional life. I believe my 'personal' / family aspect dominated my personality, and without professional engagement, I am a completely gone case. I started a section in diary titled 'Tasks completed' as my pending list of tasks have touched a huge number. Not much helpful so far!

No other productive thing is happening either - I had to let go the pancharatna land even after putting much effort (not 100% maybe); A2O/article writing - no progress, Maa's shoulder pain is not improving, no new thing with Nina's career either. The fact that I am losing out money (salary) every month makes me restless since I already lost 1.5 years post Oxford doing nothing. I am convinced now that without a full time job, I am completely useless, hopeless and unproductive. This is less about my laziness/priority, rather the kind of personality I possess. I have to be extra cautious about this aspect in case I think about early retirement in the future.

Meanwhile, Modi's swearing-in as the new Prime Minister of India is going on live on Doordarshan.



Thursday, May 9, 2024

Financial Review FY 2023-24

When I think about the last FY, two things stand out. Firstly, the stoppage of my regular income stream as I am rendered jobless since January'24. Secondly, my 'mad' rush to increase equity portfolio to cross the 'psychological barrier' of 1 Cr. There is no addition to permanent asset, although I kept searching for some commercial land. 

1. Equity Investment: Total Purchase: Sharekhan = INR 4,02,660/- Zerodha ~ 1,80,000/-. The rise in sharekhan worth - from 8.05 Lakh to 21.19 Lakh only in last FY as per NSDL statement. Similarly from MF, around 6 Lakh increase in total value of my MF portfolio. These are baby steps towards 1 Cr equity portfolio. Some amazing stocks for me are Tata Motors, DLF, REC, ITC etc. Currently my SIP is around 15K per month. This year, I also started Sovereign Gold Bond, and even gifted the same to Om bhagin. However, selling at right time and option/Future trading are something I want to understand and apply. Tapan has become a good partner to chat on equity investment.

2. Other investment (Mridul, Rubber, Rent): I started the 'notorious' lending business in collaboration with Mridul. If it is 2.5% monthly, Mridul takes 0.5%. This all started when Mridul took some money for his purchase of Ghy land. As on today (May 9, 2024), there is only 2 Lakh in circulation. Interestingly, I don't know a single borrower here, and Mridul is the only common thread. This is a risky proposition. 

The Rubber plantation turns out to be quite profitable. In phase 1, I invested INR 54,946/- and took home INR 66.150/- after investing an additional separate portion in phase-2. In phase-2, I had to invest another INR 35,000/-, but already took INR 87,000/- home. Still there are a few thousand samples left and details of phase 2 closure needs to be worked out. Although profitable, phase-3 might not be possible as there is more supply than demand already in market.

Rent from the 2nd floor has started coming for my investment of INR 2,50,000/- during construction time. I received INR 30,000/- from Maa in the last financial year. This is dependent on Maa's willingness and I never ask Maa upfront.   

Not to forget the apprx 1 lakh I got for the Dudhnoi for 4-lane expansion project.

New car was the biggest financial decision of last FY

3. Retirement (PPF, NPS, APY, EPF) - All my retirement planning are 'sure' kind of investment and I think this should suffice. Last FY, my PPF interest was INR 88,227/- and I am sure to make it 1 lakh next year. The interest of EPF is a great discovery; total amount in EPF as on today is around 15,39,753/- considering only employee and employer share and not considering pension amount. The interest calculation is something I need to understand.

4. Fixed Deposit- My policy of no FD in my bank account continued. I shifted the emergency fund to Nina's Canara Bank account. Opened one Corporate FD with Sundaram Finance in Maa's name for around 9.2% annual return. 

5. Rodalee and Nina - I have been trying to inculcate Nina's interest in money management, unsuccessful until now. Her Zerodha, Coin are streamlined. She also opened an account in Post Office's Mahila Samman Scheme. For Rodalee, I opened Sukanya Samridhi. I believe that itself would be sufficient for her 2 decades later. I hope she gets good government instt and scholarships. 

6. Pending financial points: Buying a health policy, opening a ULIP, buying more piece of land and develop the Dudhnoi or Mirza land, creating more avenues for passive income.

7. On expense trend: There is no drastic change in consumption pattern. Travel/Recreation has touched the bottom. Being at home saves lot of money. I can't thank CSoD enough, although the farewell is not something I wanted without any option at hand. The new expense I started for PhD would be giving amazing return in the long run, I believe. Childcare is a new addition, and jump in transport expenses is noteworthy. 

8. For next year: First thing, don't delay writing this post for 1-2 months, by building castle in air that you will create an extra-ordinary post with lot of graphs and numbers. Secondly, I am going to track Need, Want and Investment in three categories from next year. Will the distribution based on the monthly income. However, the biggest event would be to get a job. I am not in a position to survive without a job as on today. 


9. Outflow Table:

RegularAADPersonalRecreationFoodGift/DonationTransportFirst/UniqueInvestmentTaxTotal
April290101723386795552256722700610112750158137216073
May87027651585155446096555255055839719141558137828437
June582524131754840777536256520561502943058149172481
July31541204161164050741692098381024950758636615541
August5030318623892830846413263940019343058137278732
Sept3327380012983308100111414790024675258136337674
Oct8055996115122808884845360454088016236457201296309
Nov5249606262216961091943972080010679757200191566
Dec79362711276031520102971020867303218250206857201658456
Jan5770015131881277672617360450035693057200445191
Feb8024105010689148071813598861031315836250155572
Mar379724256289619341240551600994060124852
57,327141,38554,73430,82583,013231,85064,866729,5252,349,225578,1344,320,884
Percentage1.55%3.83%1.48%0.83%2.25%6.28%1.76%19.76%63.62%15.66%117.02%


10. Inflow table:

Salary(reimbursement, F&F)Market (Dividend, settlement, MF dividend etc)Market (selling of stock, MF, settlment)Loan Repay(includes relative's borrowing, lending biznez)Bank Interest (Savings, FD, SVG, PPF)knowledge, intelligence income1 time thing, refund, cycle of money type income
Income (Biz, Rent)
April237345243546867316020₹ 264,519
May23734544055005000₹ 248,285
June28149229238673468099805000₹ 345,877
July237346901161448673800768066150₹ 337,694
August2373455016204000100012005000₹ 453,561
Sept23734627894254525013575257018000₹ 283,784
Oct2401642557200335250285092000₹ 362,854
Nov24228261965250635000₹ 258,791
Dec238269426844391552501540011700₹ 429,326
Jan23828210951471069₹ 240,593
Feb40703042115001761278005000₹ 49,024
Mar2625417235375001055072305000₹ 418,013
Total269382738457450634500191989033246045442188150₹ 3,692,321
72.96%1.04%1.22%12.19%5.39%0.88%1.23%5.10%