The share price of First REIT plunged these 2 days. In fact after its latest XD on 30th Oct 2018, price fell from $1.21 to today intra-day low of $0.92, a drop of almost 24%. This was due to the concern of its main revenue contributor and sponsor Lippo Karawaci's credit rating being downgraded by Fitch by 2 notches. Refer here for detail write up.
First REIT is one of my biggest holding in my portfolio, 30.29% allocation. Naturally, the plunge in share price should get my worry or wondering should I divest (total or partial). However, First REIT is in an unique situation in my portfolio that actually don't do anything is the best choice.
July 2017 I've achieved a mega milestone in First REIT (refer here), the investment has became MATHEMATICALLY IMPOSSIBLE TO LOSE MONEY. This was because ...