Hatch Investor Profile Series: Byron is upskilling his financial literacy through Hatch (when he’s not playing with his puppy, Odie)
Byron Bos is a 28-year-old software developer, living in Northland, Wellington. He’s been with Hatch since the beginning.
A bit about me
When I’m not at work, I spend my time hanging out with our new puppy, Odie. He keeps me fit chasing after him, but I also play football and Ultimate Frisbee (though injuries have hampered this recently). Before moving to Wellington, I learned to skydive. I’m keen to get back into it at some point, maybe when I don’t have to keep such a close eye on the dog.
Someone I admire a lot is John Carmack, a well-known game developer. He can ramble on for hours on several subjects - open-source, aerospace, and VR - he's an incredibly intelligent person. Despite his eccentricities, he inspires me to keep learning and seek a richer understanding of everything I do. I guess this inspiration has made me seek out a meaningful passion project (that’s not the dog). I’m always trying to upskill, so I’d love to channel this natural disposition into something worthwhile – like the new house I recently bought with my partner.
My investing strategy
I’ve always been a good saver, but I wouldn’t say I’m exceptionally financially literate. I had the one savings account, and that was about it. In retrospect, I could’ve been doing more! Last year, my partner and I started seriously considering buying a house, and along with that came a general interest in property as an investment and how it compared to other investment options. I’d started exploring different investment platforms and approaches when Hatch came along. It instantly appealed to me as it opened up access to a market that was previously quite difficult to access and allowed me to invest in well-known global brands.
The majority of my investments are in low fee index funds. I deposit money and invest it monthly. I’m a busy guy, so I only take a look at my portfolio now and then. I guess you could say I’m a passive investor. With Hatch, I love that I can invest in companies and industries that I believe in. It also encourages me to get a bit more engaged in the world of finance.
My Hatch portfolio is fairly tech-heavy with investments in Amazon (AMZN), Microsoft (MSFT), and NVIDIA (NVDA). I also have a few investments in clean energy production and storage. So far, my biggest winner is NextEra Energy (NEE) which is up over 30%. Sadly, I’ve got a biggest loser too – damn you NVIDIA! It plummeted over 50% a few months after I started investing. It’s still on the path to recovery.
My investing tip
A few weeks after I started investing in Hatch, the market dropped considerably. For a reasonably new investor, seeing all that red was pretty demoralising. If I didn’t have a buy and hold strategy in place, it would’ve been all too easy to sell up, take the hit, and never go near the markets again! But, I understood that while my total return was in the red, I hadn't lost anything yet. I still owned the same number of shares as I did before and believed the investments were worth holding on to for the long run. So, check yourself before you wreck yourself. If you’re in the red, but you still believe in your investments, go the distance. Heck, even buy some more of those shares when they’re at a discount!