Monday, August 04, 2008

Thain on CNBC today

Every day the Merrill Lynch bull runs across the screen on CNBC. They tell the world how to invest and why the world should invest with them. Investing with a firm that has eradicated billions and billions of shareholder wealth isn't a bright idea. They have shown the world they can't manage their own finances.

They need to make that money up somewhere and they will make it up alright. Every day the firm seems to be writing down more assets. They have diluted existing shareholders to the tune of 615,000,000 shares, to the point they have little opportunity to make up any earnings shortfalls in the near term.

They will make it up in the hidden commissions and fees from the legions of investors who use the brokers for buying or selling their investments. Brokers are not fiduciaries.

Invest at your own peril.

No comments:

Native American Advisors CHIPPEWA PARTNERS

My photo
CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173