Successful Investing (Part 2)

Once we have something to invest, what do we do?

The second principle of successful investing is to have a goal for your investments. While this may seem obvious—after all, we invest to make money—it’s not always clear what kind of money we want to make.

Income? Before or after taxes? Capital appreciation? Some combination? Usually, we need to have a goal for the money. Then we can plan our investments to meet that goal. So, for example, if you’re 30-something and saving for retirement in a 401(k), you probably want the greatest total return you can get, and you can handle some volatility. The older we get, the less risk most investors take.

It’s been said that if you don’t have a target, you’ll hit it every time. Having a goal and a plan to meet that goal is the next step to investing success.


Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-03T20:43:19+00:00 August 6th, 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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