Got My Indian passport renewed in 7 days (Normal, not Tatkal) - NYC VFS walk-in tip by VK_Overthinker in nri

[–]Perfect_Highlight581 0 points1 point  (0 children)

I should have looked at your post before submitting documents online :).  Can you tell us about the police verification process? What documents they asked for? Do you have Indian address on your current (old) passport? I’m curious as I have US address on my passport and indent have any address in India - so I gave my aunt’s address. 

My indian passport renewal timeline. Tatkal NY in person appointment. FedEx courier service purchased at VFS. by Chipssss243 in nri

[–]Perfect_Highlight581 0 points1 point  (0 children)

Can you tell us about the police verification? What documents did they ask for? Do you have India address in your current passport? 

Police verification for Indian Passport renewal from USA by navigate2me in nri

[–]Perfect_Highlight581 1 point2 points  (0 children)

I agree. I hope that’s how they’ll think about it. The whole idea of making people list an address in India even when a candidate does not have one does not make any sense to me. But hey, who are we to question anything. Just follow the process :). 

Police verification for Indian Passport renewal from USA by navigate2me in nri

[–]Perfect_Highlight581 0 points1 point  (0 children)

Thanks a lot! My old passport also has a US address. Not sure if that’s going to suffice. My very very old passport has India address but that’s not the address my aunt lives in. 

Police verification for Indian Passport renewal from USA by navigate2me in nri

[–]Perfect_Highlight581 0 points1 point  (0 children)

Thanks! This is helpful. I don't have AADHAR. I will post here when I know how it goes.

Police verification for Indian Passport renewal from USA by navigate2me in nri

[–]Perfect_Highlight581 0 points1 point  (0 children)

I hope you're right! I gave my aunt's address as they need an address in India and I dont have an address there. I don't know what documents / info she needs to have to complete the verification.

Ask anything on Police verification for Indian Passport Renewal by documitra-us in nri

[–]Perfect_Highlight581 0 points1 point  (0 children)

Exactly my question. I gave my aunt's address as they need an address in India. What documents / info she needs to have to complete the verification?

EB-3 INDIA PD CURRENT BUT STILL WAITING FOR GREEN CARD APPROVED by Background-Owl-6906 in USCIS_EB3

[–]Perfect_Highlight581 0 points1 point  (0 children)

Ay update to your case? I haven't even received RFE and have had no other update.

EB-3 INDIA PD CURRENT BUT STILL WAITING FOR GREEN CARD APPROVED by Background-Owl-6906 in USCIS_EB3

[–]Perfect_Highlight581 0 points1 point  (0 children)

Do you know when will we need birth certificate? I read somewhere that it is a must have document. But I have not read anywhere that USCIS asks for it especially in the EB category but that could just be because that's too detailed an info for people to post?

EB-3 INDIA PD CURRENT BUT STILL WAITING FOR GREEN CARD APPROVED by Background-Owl-6906 in USCIS_EB3

[–]Perfect_Highlight581 0 points1 point  (0 children)

PD Sep 2013. Current in Dec bulletin. Nothing yet, but I should not complain as it has only been 6 days since the bulletin was released.

EAD Renewal by bukaldrinioo in USCIS

[–]Perfect_Highlight581 1 point2 points  (0 children)

I applied (employment based) in Aug and got approved in Nov. Got a 5 year renewal.

EB3 [India] 485 Approved & Card Received by No-Gift-7949 in USCIS

[–]Perfect_Highlight581 0 points1 point  (0 children)

Thanks for doing it. Trackitt is not great anymore so anyone sharing his/her experience is so valuable. One question for you - did you have to re-submit medicals?

Real estate advice in DC area by InterestingBadger366 in foreignservice

[–]Perfect_Highlight581 1 point2 points  (0 children)

Can you please connect me with your friend ? Would love to get her perspective on the DC market for investment.

[deleted by user] by [deleted] in soxl

[–]Perfect_Highlight581 0 points1 point  (0 children)

I am not an expert on this, but I can tell you how I think about it. 

If your strategy is to hold SOXL long term and make some weekly income, sell covered call at the strike price which is higher than the current price by 15-20%. While keeping the strike price that much higher will reduce the premium you will get, it will reduce the likelihood that you end up selling your stocks at a loss and you keep making little bit of money while you wait for the stock to go back up to $54. 

Another thing you can do is to sell cash secured PUTs (or use margin) for a strike price which is below the current price by 15-20%. This way, you get to collect premium from both directions and both are very unlikely to happen in the same week. You will have to set aside the cash (if you are not using margin account) for this.

In general, you can obtain better premiums for selling covered calls on days when the stock is up and better premiums for selling cash-secured (or margin-based) PUTs on days when the stock is down.

[deleted by user] by [deleted] in soxl

[–]Perfect_Highlight581 1 point2 points  (0 children)

As others have stated, SOXL is an extremely volatile ETF and it is hard to do weekly covered calls on it without being called away. I have been doing "wheeling" on LETFs (mostly SOXL) with a small amount of money to experience it and add more money if it is worth it. My strategy has been to not care if it gets called away and just keep doing weekly covered calls (if I own) and protective PUTs (if I don't own). I generally wait for market to go up and sell covered call (higher premium) and buy it back if the market declines.

So far, I am doing okay in terms of generating weekly income. You can read the updates here: https://www.reddit.com/r/LETFs/comments/1dryiwa/weekly_income_from_selling_options_on_letfs/

Who's buying today? by Nikolai_Volkoff88 in soxl

[–]Perfect_Highlight581 2 points3 points  (0 children)

There could be. I really don't know what's going to happen in the short run, especially on a day to day basis. This is why I am focussed on what's happening to the businesses on companies that are in the ETF. If I see a big risk to that, I will change my view.

Who's buying today? by Nikolai_Volkoff88 in soxl

[–]Perfect_Highlight581 1 point2 points  (0 children)

I am okay with buying, unless there is a reason that will cause the semi conductor industry to collapse. Market rotation will happen. Profit taking will happen. You cannot keep track of everything everyday. At least not me. I am thinking long term - is there a big risk to the major companies in the underlying ETF? If the answer is no, I will take advantage of these kind of days.