Lessons From Four Years of Investing | by Jason Huynh

It was early 2020. In our dimly lit office, my buddy, Joe and I were watching the ASX200 drop from 70 to 60 then 50.

Our hearts were palpitating. The market was crashing.

Joe and I were data analysts, so looking at the stock market was definitely not part of the day job, but throwing screenshots of stock market graphs over Zoom? — Our boss wouldn’t even notice the difference between work and a hobby.

As the Aussie index crept to 40, I told Joe, I was ready to go in. He was hesitant — Joe needed to see the index drop more.

I asked him why. At the current prices, we would’ve made money regardless of what price we went in.

Joe wanted to get the best bang for his buck. He didn’t want a 25% return on investment, but a 100%.

In a way, Joe was right but my inner analyst told me that you can’t predict the future. I was happy making a few bucks. I didn’t need a lottery win.

Furthermore, it wasn’t like the discussion even mattered. We didn’t pool our money. We were stewards of our own bank accounts.