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YouTube persona Steven Lim revealed in a podcast that he offered his Housing and Improvement Board (HDB) flat and positioned S$300,000 in SingPost shares.
Lim, 45, opted for a zero portfolio diversification method and positioned his “eggs in a single basket”.
“I offered my home just lately, then I acquired the proceed(s), after which with the one which’s already within the inventory market, I put it multi functional inventory. Only one inventory,” mentioned Lim in a TikTok snippet of his face-to-face interview.
When requested what the inventory was, Lim responded, “Simply between you and me ah, SingPost, lah.”
The interviewers requested, “You went all in on SingPost?”
This was when Lim admitted he invested almost S$300,000, all in SingPost.
In one other a part of the interview, Lim famous he purchased 450,000 at S$0.65 every, which comes as much as S$292,500.
The inventory hit S$0.73 in late April and early Might 2022, giving Lim earnings however sunk to S$0.62 presently, that means he’s down about S$13,500.
Nevertheless, Lim defined he was in it for the long term. “I’ve robust perception within the firm,” mentioned Lim.
“If I’m not a robust believer, I wouldn’t have put S$300,000.”
He added that he solely had one purpose in thoughts…The ultimate taking, the tip recreation.”
Lim additionally boasted that he might retire at any given time, which was not the primary time he made such claims. “Truly, to be trustworthy, for now, I may even don’t work for a lot of, a few years.”
“If I selected to eat, I can truly eat in Din Tai Fung or Hai Di Lao, for 2 individuals repeatedly each single day for 16 years,” mentioned Lim, who already did the calculations./TISG
@thesingaporeanson Steven Lim offered his HDB and put all his proceeds into ONE inventory 🤯Creds: Singaplex #singapore #sgtiktok #tiktoksg
♬ authentic sound – thesingaporeanson – thesingaporeanson
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