Portfolio Update
I have sold one of my main holdings in Fischer Tech at 0.90. It has been a wonderful company which I discovered two years back. While the wonderful management has remained, the outlook of the automotive industry Fischer is so dependent on has not. China automobile inventories are building up and this may lead to lower orders.
While Fischer is debt free and will survive the downturn, the prospect of declining share price due to declining revenue is why I have opted to cash out.
My DIY Challenge
Readers will be aware of my love for the "buy term invest the rest" concept vis a vis the whole life products offered by insurance companies. Blogged here
To actualize it, I will be starting a hypothetical insurance. It will be a whole life plan where one pays the premiums for 20 years. The sum assured is $100,000 and annual premiums are $2153.60. $153.60 will be for a term coverage of $100,000, ......