Investment Biking

The market’s shakiness has a lot of people worried? Should they be?

Many folks who got into the market in the late 90s are frustrated. Over the last 10 years, the stock market has gone up only a little less than 4% per year. Where are those long-term 10% returns?

People who started investing just as new technology was emerging remind me of when I started to bicycle seriously. I worked out and thought I was in pretty good shape until I moved from Minnesota to New Hampshire. Then I learned what real hills were. The constant fight against gravity taught me that my legs weren’t as strong as I thought.

It’s like that with investing. If you think that you’re long-term but start with the easy glide of an inflating bubble, you don’t know how strong your convictions are until they’re tested by a little volatility. The New Hampshire mountains gave me a quick lesson in humility. The recent market ups and downs are giving many investors a similar exercise.


Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-03T18:45:22+00:00 May 13th, 2008|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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