Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
Monday, June 27, 2016
529 Plan horrors........
As I sit here in early summer, knowing that tuition is due soon for so many across the nation it is almost enough to make a grown man cry.
Imagine how many wonderful parents and grandparents who saved and saved and saved for their children and grandchildren and who will need 529 money over the next 50 to 75 days only to see it decimated by this market dislocation.
Think about it. Read the fine print folks.
Truly criminal in having trading limits on these 529 plans.