About Douglas Tengdin, CFA

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

Booting Up

By |2019-07-18T08:17:32-04:00July 18th, 2019|Global Market Update|

Remember platform shoes? Source: Pxhere. CC0 Platform shoes were a fashion trend that started in the late ‘60s. They gave the wearers additional height, making them more prominent. Rock star David Bowie wore them when he performed as Ziggy Stardust. So did other pop stars. The fad faded in the mid-‘80s, as people took to a more classic business-like style. But business platforms are huge today, especially digital platforms. A business platform brings people together so they can do something more. A Middle-Eastern souk [...]

The Endless Feast?

By |2019-07-17T05:58:19-04:00July 17th, 2019|Global Market Update|

What keeps our economy going? Photo: Rita E. Source: Pixabay Ernest Hemingway lived in Paris as a young man during the 1920s. He called it “a movable feast.” The intellectual fellowship he experienced with notable writers and artists like Ezra Pound, Gertrude Stein, F. Scott Fitzgerald, and many others stayed with him for the rest of his life. He could always look back on that time and draw on its nourishment. Debt is the economy’s movable feast. But it also feeds crisis after crisis. [...]

Time is Money

By |2019-07-15T22:26:02-04:00July 15th, 2019|Global Market Update|

Who owns our work? Photo: Kalhh. Source: Pixabay https://pixabay.com/illustrations/clock-time-time-pressure-dates-276747/ There’s a memorable scene from the bike-racing movie, “Breaking Away.” When a member of a teenage gang of shows up for his first day of work at a car wash, the pushy new boss tells him: “Don’t forget to punch the clock, Shorty.” Offended by his supervisor’s attitude, the young man wraps his hand in a rag and physically punches the time-clock, breaking its glass. His buddies cheer, and he storms off. As long as [...]

Baby Investment Returns

By |2019-07-15T05:58:07-04:00July 15th, 2019|Global Market Update|

Where do investment returns come from? Photo: Françoise Garranger. Source: Pixabay. CC0 For as long as I’ve been investing, people have said to put money into the stock market for growth and to own bonds for stability. And generally, that advice has worked out: the US stock market has returned 10% per year over the past 25 years, while the bond market has earned 5%. The stock market is volatile, to be sure, the indices seem to move from the lower left to the [...]

Paying Up?

By |2019-07-12T05:57:44-04:00July 12th, 2019|Global Market Update|

When did payments become a thing? Photo: Hloom. Source: Flikr.CC-BY-2,0 It used to be, we bought something and handed over cash, and the merchant gave you a receipt and your change. For big purchases you would get a bank check, so you didn’t have to carry cash and the seller didn’t have to worry about getting stiffed. Then we started buying items on the web – more, and more and more items on the web. Obviously, on the web, we can’t use cash. Ebay, [...]

Getting to the Truth

By |2019-07-11T05:52:23-04:00July 11th, 2019|Global Market Update|

How do we know if someone is cheating? Photo: Katie Tegtmeyer. Source: Flikr. CC BY 2.0. That’s the question anyone searching for the truth has to face. Parents want to know what their kids have been up to. Lovers want to know if their partners have been faithful. And investors need to know if the companies where invest have been cooking the books. Finding out the truth has always been a challenge. When it comes to financial reporting, companies have all kinds of ways [...]

Grilled Bananas?

By |2019-07-10T05:42:45-04:00July 10th, 2019|Global Market Update|

Do you like exotic food? Grilled bananas in a Thai market. Photo: Igor Ovsyannykov. Source: Fancycrave. My family and I recently watched “Crazy Rich Asians,” a romantic comedy set in Singapore. One of the early scenes was of two couples enjoying “street food,” where Chinese, Indian, Malay, and other chefs set up their food carts and people eat in an open-air market. Singapore’s street food is world famous, and some of its food cart chefs have earned awards usually reserved for gourmet chefs. You [...]

Fireworks in the Distance

By |2019-07-09T05:55:45-04:00July 9th, 2019|Global Market Update|

Are you a fireworks person? Photo: NaPhi Media. Source: Flikr. CC BY 2.0. I used to be. I used to love to find the biggest and boldest and loudest fireworks show possible, whether it was on the 4th of July or New Year’s Eve or any other celebration. The show almost always gave me goose bumps. I remember climbing a mountain in New Hampshire with some friends July several years ago. We waited for dusk on the summit, and watched the display in several [...]

A Mini Jobs Market

By |2019-07-06T12:38:03-04:00July 6th, 2019|Global Market Update|

Why aren’t we seeing more jobs? Photo: Victor Hanacek. Source: Picjumbo The current economy is being celebrated as the longest economic expansion ever, but it sure doesn’t feel like it. It’s like a plate of mini-hamburgers. They’re enough to keep us from getting hungry, but not enough to really satisfy. Despite the latest jobs numbers, employment growth has been mediocre, at best. Why? Source: BLS One issue is where the jobs are coming from. In a normal economy, there are three parties: owners, workers, [...]

Dreamland

By |2019-07-05T05:59:48-04:00July 5th, 2019|Global Market Update|

Are market changes real changes? Dreams of World War 1 soldiers, by Jan Styka. Source: Lublin Museum There’s a common understanding that market gains or losses aren’t real gains or losses—they’re only “on paper” until the investor sells the stock, making them “real.” But that’s a cognitive error—a kind of egocentric bias that says that something is only real if it affects me. In fact, price changes are real changes. When Apple goes from $100 to $200 per share, that gain is real. And [...]