The Strong Hand (Part 2)

So how do you strengthen your hand? How do you develop the convictions that will help you weather the storms of market turmoil like we’re experiencing now?

Strange as it may seem, the best ally I’ve ever had in dealing with market volatility has been my kitchen table. Sitting down and working through my numbers, from how much I’m making and saving to how much my kids’ tuition is going to be is the best way to come up with a plan for investing. And the best place to work through those numbers had been my kitchen table.

For one thing, spreading out my papers there means I have to talk about them with my family. For another, having the papers where we’ve got to sit down and eat means a.) there’s going to be an end to this; and b.) fighting should be limited to words alone. No throwing food!

It’s been said that people never plan to fail, but they often fail to plan. By planning around the kitchen table, failure is just not palatable.


Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-03T17:33:03+00:00 March 21st, 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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