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Samuel Lim

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Samuel Lim

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Samuel Lim

  • Answers (6)
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SOAR Jim Rogers Event

Given HK's situation: should we buy, sell or hold Hang Seng Index?
Samuel Lim
Samuel Lim
Level 3. Wonderkid
Answered on 19 Sep 2019
Once there was a man who wanted to buy a car. He went to the car showroom and asked the car salesman "Should I buy this Mercedes?" This particular car salesman, being an honest fella who was not one to push a sale on someone just because they looked a bit clueless, looked him in the eye and said: "How would I know? How can I recommend any model without knowing your needs, your intended purpose for buying a car, and your current financial situation? Let's sit down first and discuss all these, and only then can I have an accurate picture of your situation and recommend an appropriate model that suits your needs. Otherwise, I will just be giving empty suggestions to you that does not suit you, or worse still, create more problems for you rather than helping you." The same goes for any advice about whether to buy, sell or hold any stock. One should take into account one's own investment goals, situation and strategy, and use them to evaluate any investment advice or recommendation before adopting them.
ūüĎć 5

Investments

General

Savings Accounts

I had recently inherited $14.7 million (after conversion from GBP). I have no parents nor guardian since 1.5 years ago which is why I don't have anyone to talk to when it comes to finances. Any investment advice?
Samuel Lim
Samuel Lim
Level 3. Wonderkid
Updated on 14 May 2019
Just remember this dictum when seeking advice: "Never ask the barber if you need a haircut".
ūüĎć 0

Retirement

Savings

Career

Would you rather make $30,000 a year doing a job you enjoy or making $100,000 doing a job you don't like?
Samuel Lim
Samuel Lim
Level 3. Wonderkid
Answered on 10 Apr 2019
Ask the investment bankers lor they can provide a perspective on working a highly paid but miserable job.
ūüĎć 0

General

Loans

Family

Should I forgo investing completely and dedicate to clearing my mum's debt?
Samuel Lim
Samuel Lim
Level 3. Wonderkid
Answered on 28 Oct 2018
I suggest focusing on getting an income source first and improving your chances of getting a job, ie honing your networking and interview skills, doing research to find a suitable job, internships to boost your resumes, learning skills, etc. Cos all the worries about investing and repaying debt are all hyopthetical and pretty much meaningless when you don't even have an income source.
ūüĎć 0

Retirement

Savings

Family

Career

General

Investments

Do you think that pursuing early financial independence (Maximising for Income) means putting on hold my dream job and life for now?
Samuel Lim
Samuel Lim
Level 3. Wonderkid
Answered on 26 Oct 2018
Keep the job in the bank, and test run your music career in your free time. Why? Cos you say you are passionate about music, but do you know what a music career really entails? Its not just making music, but also learning to market your band, manage your fanbase, deal with producers and what not, navigate the industry, network etc. Its like a person who likes cooking and thinks they want to open a resturant, then finds out they hate dealing with customers, managing inventory, chasing suppliers, doing accounts etc and essentially hates having to run a business, when what they really loved was cooking for friends and famiky and doing acts of service (cooking) for them. To extend the example, the dream career for that person who loves cooking may in fact turn out to be something entirely unrelated to cooking like nursing or charity NGO type work, but still has the same essence of service to others.
ūüĎć 1
Level 3. Wonderkid
30PointsGoal 40
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