Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative. Raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.

Friday, January 19, 2007

REAL FEAR.........

It's been years since I have stepped foot in a brokerage office. Too scary. As a money-manager I take hundreds of calls every year from brokers pitching every type of "new" and "unique" investment product on earth. I guess the older I get the more fearful I am of having to listen to a broker or commission-type financial planner tell somebody with serious money how to plan their retirement. It is usually the broker planning their retirement with the clients commissions.

The best way to describe my fear would be to make the analogy that having to rely on a salesman/stockbroker to safeguard retirement money would be like relying on a pothead to safeguard the Fritos. Never forget, those stockbrokers fancy titles are not awarded for achieving investment results; they are for charging fat fees and big commissions.

Next week I have to go to a brokerage office and extricate an account for an elderly widow who is a new client of Chippewa Partners. I should bring an attorney along for what the broker did to this lady over the years. Sickening.

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