By: Drizzt Readers from SGFunds would have notice that in one of the topics i did my usual rant on things that gets me frustrated. I am vested in ST Engineering and not in the usual way since I have company units in there. And pretty much this would explain a huge portion of why i am so pissed off with the recent share price fall. Units are link to share price and its a bit like DCA into a fund but with abit of a difference. One, its more like DCA into a share and much of whether DCA works is whether it eventually ends UP or DOWN. it can only work if at the end of the story it is a happy ending. Else its hard for you to get anything meaningful out of it. From a high of 3.94 it plunge to the current 2.62. Thats a total of 33% fall. 33 PERCENT. You know what got me pissed is not losing money. I lost 90% on my warrants and i don’t get as emotional then this. The reason why i am so pissed is that i never would have thought that a blue chip company with a growing business and a solid balance sheet and known for its defensive nature can get wacked for 33%. Alot of people tell me I am quite blessed to hold such a company’s shares or unit and I don’t fault them for that. Its afterall a blue chip and its in a business that will always be a cornerstone in both Singapore and Aircraft maintenance. On an average it have been yielding at 4% which is not bad if inflation remains low. I trimmed my holdings one time last year, reason being, much of my networth now links to this company that I should reallocate it to reduce the one-company risk. That turned out to be a good decision now. Having said that, perhaps i am not shrewd enough to divest some more this year as now i realise at least 8% of my portfolio is in this company. Thats the largest single stock i own. My Lesson Learn, though some of it i always practice in the other stocks i owned: Read more...