Merrill Lynch reported another dismal quarter. That makes it a total of $48,300,000,000 write-down since the credit crisis began under the stewardship (or lack thereof) of Stan O'Neil.
Think about that number for a moment.
If you are an investor and are using the services of a Merrill stockbroker remember this.
He has bills to pay and when the better part of money management is to do nothing he will be doing something. Why? To keep his seat. He will feed at your trough. Don't let him eat because what they want is to feast on your portfolio.
If you are tired of the abuse give us a call. We can extricate you from the conflicts of interest, massive fees, commissions and abuse.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now CEO of the Parisian Family Office. A White Earth Chippewa, Dean helped Native Americans for decades. Raised conservative, began Wall Street career in 1982, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime and life well lived at their Ghost Ranch in MT or Pamelot, the Parisian's TN farm.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment