Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. 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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