Parisian Family Office, CEO. Started Wall Street, '82. Drexel Burnham alum. Founded Chippewa Partners, Native American Advisors, '95. Chippewa, raised on reservations. Conservative. NYSE/FINRA arb. Pureblood. Independent insight. Trading in a world on a social media dopamine binge, from GHOST RANCH on the Yellowstone River in MT, TN estate, PAMELOT or CASA TULE', his winter camp in Los Cabos, Mexico. Play by my rules. Always been, will always be, an optimist.
Thursday, September 07, 2006
A great reason to own them
At Chippewa Partners we "bought" into ownership of ETF's on Day 1. The reasons are many but the main reason was the cost of "ownership". Average fees are 0.43% for an equity ETF (exchange-traded fund, for those of you in Mandaree) versus an average fee of 1.45% for an equity mutual fund according to Morningstar.
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