Whitewater (Part 1)

Where I grew up in Minnesota, when we went canoeing the river was usually flat and peaceful. We’d reach our destination, but it was mostly paddle power and a smooth current.

Occasionally the river would get a little rough, and we’d encounter some rapids. Now normal people usually avoid the whitewater. But if you develop certain skills, you can read the rapids, avoid the rocks, and even thrive.

It’s like that in the market right now. We’re in a period of rapid, roiling change. And there are some rules that you have to follow in the rapids, or you’ll get in trouble. For example, always stay with your boat. Investment-wise, stick to your plan. Panic-selling is a recipe for disaster. Most investment plans are designed around things like your age, income, and goals. Those things don’t change with the level of the stock market.

The markets are churning right now. But if we read the rapids right, we’ll come out of this. We might even have some fun.

Douglas R. Tengdin, CFA
Chief Investment Officer
Hit reply if you have any questions—I read them all!

Follow me on Twitter @GlobalMarketUpd

direct: 603-252-6509
reception: 603-224-1350

www.chartertrust.com • www.moneybasicsradio.com • www.globalmarketupdate.net
By | 2014-09-04T14:42:48+00:00 November 14th, 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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