Managing for Life

We’ve heard about finding quality investments. But what about finding quality in your life?

Investment quality involves a combination of security and growth, of stability and volatility. It means being exposed to various parts of the economy so that a problem in one area doesn’t threaten your financial future, and so can participate when there is growth in another area. We don’t know the future. Diversification is the complement humility pays to uncertainty.

It’s that way in life as well. A balanced life combines work, family, recreation, study, spirituality, giving, and other areas. When you face problems in one sector, the other portions can compensate. Conversely, unexpectedly good news can lift your outlook on the rest of life. Again, we don’t know the future. Balance is key.

But how do you measure success? That depends on what you want. An investment portfolio isn’t successful if its return is so volatile that it gives you a heart-attack. In the same way, money and power aren’t the only ways to measure success. The key is having a plan. An investment policy helps you measure progress against financial goals; a life-plan will guide you towards your life-goals.

What makes for a good life? It depends on what you want. But whatever your plans may be, expect the unexpected!

Douglas R. Tengdin, CFA

Chief Investment Officer

By | 2017-07-17T12:34:19+00:00 April 16th, 2014|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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