William Seah
Financial services consultant at Pias
Level 3. Wonderkid
‧ 5 upvotes received
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Financial services consultant at Pias
Economics at Nus
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  • Asked by Anonymous

    William Seah
    William Seah
    Level 3. Wonderkid
    Answered on 25 Apr 2019
    A friend of mine crashed his dad‘s Supercar. Somehow due to a court case as a result of the crash, his dad lost his license as well. Well, the dad went on to buy a new supercar ( same model as the one my friend crashed). But the thing is he couldn’t drive the car (no license) so the car was for sat when he would start the engine and sit in it.
  • Asked by Anonymous

    William Seah
    William Seah, Financial services consultant at Pias
    Level 3. Wonderkid
    Answered on 19 Sep 2018
    invest without risks? That’s possible only if you don’t want returns. Return is reward for risk. You sacrifice returns for lower risk. That’s why plans with guaranteed returns often have low risk; and low returns. What do you want to do? What’s your ideal life like? Once you can work out what you want to do, what you ideally wish to have in life, you’ll have a better understanding of what money means to you, and then you can set goals and plans for your money. Don’t get caught up with the pursuit of yields. The why you are investing matters. Find an advisor you can trust; not just to help you plan to get maximum yield but to help you achieve your life goals.
  • Asked by Anonymous

    William Seah
    William Seah, Financial services consultant at Pias
    Level 3. Wonderkid
    Answered on 14 Sep 2018
    The issue is your friend can’t manage her finances. She needs to find a ‘why’ to deal with her finances. Be it a future, a dream car, whatever it is, if your friend does not have a why to manage finances she will find it hard to manage it. Help your friend find a goal. Then guide her to see how her current actions don’t help her goal (unless her goal is to be bankrupt). Then remind her about the goal and plan around it. Have a why, the how will arise.
  • Asked by Anonymous

    William Seah
    William Seah, Financial services consultant at Pias
    Level 3. Wonderkid
    Answered on 13 Sep 2018
    I think it's awesome that you want to provide unbiased financial advice. It's something all advisors should strive toward. however, whether you are in a fee based or a financial advisory firm, biasness can still creep in. Its about the agent's belief and actions that will result in a bias or otherwise. If the agent in biased, no renumeration scheme will help. I'll also add that bias is not a bad thing; being pro btir means you are bias toward btir. what counts is whether you can justify why your bias results in a positive outcome for client. Extending the argument, its hard not to be biased. People are naturally biased; we are advisors not websites. We don't merely provide facts, we advise clients toward certain decisions. We help our clients by filtering out the noise, and choosing the solution that best fits. I do two things: 1. I do my best to determine my bias and why I am biased. I then consider the client's situation and decide whether my biasness helps. 2. I try to look around. Challenge your beliefs. Don't focus only justifying your position; spend time on trying a different solution and disproving your pre conceived notions. Often times , we find that it is in reading up on the opposite stand that we learn. It is when we cannot disprove our decision that we have a better foundation to stake our claim. .
  • Asked by Anonymous

    William Seah
    William Seah
    Level 3. Wonderkid
    Answered on 12 Sep 2018
    What do you mean, still did not work? What happened that led you to fail? Was it a terminal failure or a temporary lapse? what constitutes "not working"? If we don't know why we fail, trying new methods or repeating old methods wouldn't work. We need to learn our pitfalls and work out a strategy with it. Contact someone who can journey with you to evaluate your past experiences, develop a plan for your future strategies and walk with you on debt repayment. Reach out to someone here, myself or others in the group, who can help.