At 55 years old, Dr. Lin has been practicing dentistry for close to 30 years. He grew up in Oakland and attended UC Berkeley for undergrad thanks to his stellar academic record. When he graduated, Dr. Lin’s parents gave him three choices of what to do with his life: 1) Dentist, 2) Doctor, or 3) Lawyer. Not very pleased with his limited choices, Dr. Lin choice the “easiest” of the three and became a Dentist by going to UCSF.
I first met Dr. Lin at an SF Giant’s baseball game our respective private bankers invited us to. Despite the 20 year age gap, we connected immediately through a common interest in the stock markets. Dr. Lin kept on telling me to buy dividend stocks such as BP and Coco Cola because they were “risk-free” investments with a guaranteed dividend return. It’s how his mother got rich, and it’s how he is getting rich now. Given any investment enough time, and chances are, things will turn out alright.
When I asked Dr. Lin about why he invested so much of his net worth in dividend stocks, he responded, “I’ve got two college age sons, and they are expensive!”