Entering 2016, STI was greeted by a big bang, downwards that is. Yes, the market plunge down deep and managed to recover by a bit near to the month end of Jan 2016. My portfolio was dragged down by at least 5% just by this month alone. It was painful and like watching the market keep going down with no U-turning. Jan is an important month of a year and usually set the tone for the year. Looks like its depressing for the rest of the year. This month I added ST Engineering into my portfolio. STE was rather resilient and a defensive stock. I should expect market to go lower abit and hopefully buying into defensive stocks will help cushioned the bearish market. I will continue to buy into the market. This time will be focusing more on the blue chips since its rare for them to be available ......