About Douglas Tengdin, CFA

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

A Mature Harvest

By |2018-10-18T06:49:46+00:00October 18th, 2018|Global Market Update|

Why are recessions so hard to predict? Photo: Bruno Glätsch. Source: Pixabay We observe the weather, we feel the seasons. The grapes are swelling on the vine. We know when it’s time to pick apples and gather the harvest. When we walk outside, we know that winter is on its way. Why is it so difficult to see the seasons of economic growth, to know when an economic “hard frost” is coming? Seasons are regular, economies are irregular. The weather for certain days may [...]

All Systems Go

By |2018-10-17T06:20:08+00:00October 17th, 2018|Global Market Update|

What makes some companies take off while others struggle? Apollo 7 launch. Source: NASA There are lots of examples: Facebook created the dominant digital social network, while other platforms failed. Costco is a huge discount club while Wal-Mart has struggled. Johnson & Johnson has succeeded across a broad range of health-care businesses, while others have faltered, brought down by scandals or shrinking markets. What’s the difference? It comes down to leadership. Successful companies need vision: leaders who create a sense of community where their [...]

Confirmation Clouds

By |2018-10-17T05:38:31+00:00October 17th, 2018|Global Market Update|

Do you remember looking for shapes in the clouds? Photo: Eberhard Grossgasteiger. Source: Pexels As a kid, I found clouds endlessly fascinating. Their shapes and forms conjured up images of bears and dragons and all kinds of woodland creatures. My friends might see armies or sports stars. On a warm summer’s afternoon with light, puffy clouds, we could spend hours gazing up at the sky. Images in clouds can be inspiring. In Irving Stone’s “The Agony and the Ecstasy,” Michelangelo envisions God creating Adam [...]

Made to Order

By |2018-10-15T07:39:38+00:00October 15th, 2018|Global Market Update|

Have you ever had clothes custom-tailored? Photo: Igor Ovsyannykov. Source: Fancycrave I remember buying my first tailored business suit. I was scared that I would just waste my money. The suits seemed out-of-reach, but I had scraped together my modest savings to have more than a basic “interview suit” – the suit I had purchased with my mom my senior year of college, that was now so easily rumpled that it made my co-workers think I had been sleeping in it. The salesman guided [...]

Home is Where the Data Is

By |2018-10-12T07:54:55+00:00October 12th, 2018|Global Market Update|

What’s the point of a smart home? Source: Pixabay Everyone wants to own a piece of our homes. Amazon puts ads for Alexa and Echo in front of me every time I sign in. Google wants me to say, “Ok, Google” whenever I open the door. Siri keeps forgetting how to spell my name. And Facebook just introduced its Portal, a video chat device that can track faces and stream Spotify playlists. All this sounds pretty creepy. Buy why? Why are these tech giants [...]

The Bill Comes Due?

By |2018-10-11T06:36:58+00:00October 11th, 2018|Global Market Update|

Are we drowning in debt? Source: NY Fed You might think so, to listen to the news. Student loans total over a trillion dollars. Mortgage debt is headed higher. Total household debt, which peaked at just over $12 trillion in 2007, now totals more than $13 trillion. We’ve never had so much debt in the economy, and most folks struggle to pay their bills at one time or another. But debt doesn’t exist in a vacuum. There are two sides to every balance sheet [...]

Shark Tank?

By |2018-10-10T06:58:17+00:00October 10th, 2018|Global Market Update|

Have you ever seen a shark in the wild? Great White Shark off South Africa. Photo: Hermanus Backpacker Hostel. Source: Wikimedia I never have, and I hope that I never do. They’re scary enough at the aquarium! Their successive rows of teeth, all angling back, seem designed to rip and tear. These “predators of the sea” seem tailor-made for horror movies, like Jaws or Open Water. Predatory investors can be scary, too. On one hand, these investors are exercising their rights as company owners [...]

Finding Winners

By |2018-10-09T16:37:10+00:00October 9th, 2018|Global Market Update|

Is imitation the sincerest form of flattery? Imitation jewelry. Public Domain. Source: Pxhere In football many teams use the “West Coast Offense.” It’s a strategy devised by Bill Walsh in the 1990s while he was offensive coordinator for the Cincinnati Bengals and later the San Francisco 49ers. It makes use of frequent short, quick passing plays for short yardage to stretch out the defense. These have the effect of opening up the field for long bombs. This tactic has enjoyed some great success. Now [...]

Bumpy Roads

By |2018-10-05T06:51:09+00:00October 5th, 2018|Global Market Update|

How good is your car’s suspension? Photo: Kenneth Allen. Source: Geograph. CC-BY-2.0 Driving along the back roads in New England can be an adventure. There are twists and turns and frost heaves that rise up in the late winter / early spring and then degenerate into potholes in the summer and fall. These can make our highways and byways hazardous to a vehicle’s undercarriage. How fast we travel depends on how firm a grip we have on the wheel and whether we have dental [...]

Planning for Uncertainty

By |2018-10-04T06:43:53+00:00October 4th, 2018|Global Market Update|

What will the future bring? Photo: PublicDomainPictures. Source: Pixabay I remember how it felt to hold my first baby. All thoughts about myself and my personal plans evaporated; all I could think about was what the world would be like for my new child. It’s natural to plan, to wonder what the future holds. We make plans for work, leisure, and how to deal with our everyday lives, and it’s rare to look more than a few years ahead. But when we have children, [...]