Since he disagreed with my suggestion, I could not do anything. I went home and draft 2 different portfolio. My plan is to keep on monitor from time to time. Below is the summary of his holding at that time (Jun 2011):
"BC" portfolio, was the alternative portfolio which I suggested. If he agreed, he will need to sell "Jobst" and buy Maybank, Maxis and Arreit at the same time. All these 3 counter gave stable dividend income of 7.51 to 8.25%.
Today (after 9 months), his portfolio look as below, if you notice, the total market value reduced by more than RM50,000 due to Jobst stock price decrease from RM2.80 to RM2.20. This is the risk of holding a single stock.
Now we compare what's happen to "BC" portfolio after 9 months:
The dividend received is 160.51% more than the single stock's portfolio. At the moment, seem diversify with different stable stock win the race for now. Again, we need to monitor for at least 3 to 5 years before we can conclude it.