Giving Thanks

So what do you have to be thankful for?

I thought about this question and a lot of things stand out:

First, I’m thankful that the election is over. As a proud resident of a “battleground” state, my land-line phone rang nonstop during this election season. I’m thankful that our family can eat a meal in peace.

I’m thankful that New Hampshire has no major-league sports teams: so we don’t have team-owners threatening to move their franchise if we don’t build them a new stadium. Miami Marlins fans just had to watch owner Jeffrey Loria trade away proven players for unknown prospects after they built a $515 million stadium in 2008, complete with 37,000 seats and a retractable roof. Taxpayers are on the hook for this white elephant, even though the team finished 12 games below .500 last year.

I’m thankful that Apple and Samsung both have killer smart-phones. Competition is what makes things better for consumers. Competition means I can buy jeans for less than $10 and a snack-wrap for $1.40. Competition means computers just get smaller, lighter, and cheaper. Are you listening, guys? It’s your innovation, not your lawsuits, that’s changing the world.

I’m thankful that amidst cheaper energy, a stronger housing market, and low inflation and interest rates, the economy is growing. A growing economy provides opportunities for young and old alike, to better themselves, to be what they want to be, and to earn a living while doing it.

Most of all I’m thankful that the turkey’s in the oven, my kids are coming home, and the holidays are giving me a few days to reflect on what’s really important.

Happy Thanksgiving, from Charter Trust.

Douglas R. Tengdin, CFA
Chief Investment Officer
Hit reply if you have any questions—I read them all!

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By |2014-09-09T10:55:54+00:00November 21st, 2012|Global Market Update|0 Comments

About the Author:

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

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