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 WON/CANSLIM methodology from PAMELOT, TN farm, GHOST RANCH, MT, on Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Always been, will always be, a relentless optimist with radical gratitude.
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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