Growth Investments

Is investing like gardening?

Global Market Update - Growth Investments
Source: Johnny’s Selected Seeds

Both require planning. Both encourage diversification. In both cases, time is your friend. Successful investors and gardeners look past their current circumstances to discern the underlying trends. And both have to watch out for pests and poachers who can steal what you’ve cultivated.

With a garden, the pests can be bugs or weeds or even grazing animals that raid your plants just when they’re starting to bear fruit. Most folks who garden close to nature can tell stories of deer or raccoons or even wild turkeys who decide our plot is a great place for a picnic.

Some poachers in the investment world include managers who don’t take their fiduciary duties seriously, mutual funds with excessive fees, brokers who use our order-flow to position their own trades, and even an investor’s own hopes and fears. Emotions can get in the way of investment success—fear when markets are falling; greed when they are rising.

But the biggest obstacle to success in both gardening and investing is procrastination. The sooner we start, the sooner we see results. Just know what the goal is. Tomatoes are lovely, but usually not as a centerpiece. If you need your money soon, stocks can be volatile.

Investing and gardening are both rewarding. But a flower-bed won’t start itself. Go plant!

Douglas R. Tengdin, CFA
Chief Investment Officer
Phone: 603-224-1350
Leave a comment if you have any questions—I read them all!

Follow me on Twitter @GlobalMarketUpd •
By |2017-07-17T12:22:46-04:00May 26th, 2015|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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