Good Beginnings

Well begun is half done.

When you’re investing, most of the work is done before you ever spend a penny. We’ve discussed before how important beginnings are; having a sound investment plan based on your total financial picture is three quarters of the task. It’s the same with many things: the foundation you lay determines how the rest of the product turns out.

A home’s foundation needs to be level and solid. A car’s frame needs to be true and stable. And in this season of graduation and commencement, it’s important for teachers and parents to lay a straight foundation for the young lives that they touch.

In my case an outstanding history teacher challenged me to get past my initial impressions and explore the deeper issues. I distinctly remember the day he took me aside and informed me that pedestrian prose and superficial analysis would not be accepted in his class. I was shocked; I thought I’d been doing okay. His challenge for me to do better than I imagined has stayed with me through the years.

In investing as in life, it’s critical to get to the bottom of things and understand what’s really going on. A key comment to a growing mind can go far towards encouraging this crucial trait. Thanks, Mr. Anderson, for helping my foundation to set right.

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

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By | 2014-09-05T19:28:10+00:00 June 17th, 2010|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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