Starting Seeds

It’s cold outside. So why are we thinking about gardening?

Photo: Rasbak. Source: Wikimedia

Outside we’re on the edge of another nor’easter, to be followed by more cold temperatures. Welcome to March in New Hampshire! Folks who have been here a while know that while this March has been pretty stormy, it will pass. And pretty soon, we’ll be looking at warmer temperatures and muddy roads.

So right now, many long-term residents are thinking about their gardens: ordering seeds, getting out the grow-lights, and starting their broccoli, tomato, and pepper plants. Successful gardening looks past the weather outside to the underlying realities. The snow will melt, the ground will thaw, and when the growing season starts, we need to be ready to plant.

It’s like that with the investing. We have to look past the immediate conditions and the headline-of-the-day. If you just follow the headlines, you’ll miss the trends. Right now, everyone’s obsessed with Facebook and their data problems. But the shift from a service economy to an information/knowledge economy is profound – and will have profound implications for how we live, work, and save in the future.

And just as every plant needs sun, soil, and water, every economy needs spending, investing, and credit. The fundamentals don’t change, even when the temperature is freezing and snow is blowing. Successful gardeners keep an eye on the weather, but they know that planting season is coming.

Public Domain. Source: Wikimedia

Douglas R. Tengdin, CFA

By |2018-03-22T06:01:56+00:00March 22nd, 2018|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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