Larry Williams called it.
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, October 23, 2023
Saturday, October 21, 2023
Took showers with his daughter. Got caught.Lied about his GPA
Cheated in law school
Lied about his scholarships
Lied about his university grades
Plagiarized his speeches
Framed General Flynn
Sold Vice President's office to China
Sold Vice President's office to Ukraine
Committed quid pro quo to save his crackhead son
Rigged the 2020 election
Yet only some voters question his record.
My ranch does not welcome trannies.
In fact, I do not welcome liberals.
Life is simpler that way.
My ranch my rules.
Friday, October 20, 2023
Don Bacon (NE)
Linda Chevez-Deremer (OR-5th)
D’Esposito-(NY-4th)Vern Buchanan (FL-16th)
Andrew Garbarino (NY 2nd)
Jake Ellzey (TX-6th)
Jen Higgins (VA-2nd)
Drew Ferguson (GA-3rd)
Ken Buck (CO-4th)
Mario Diaz-Balart (FL-26th)
Nick Lalota (NY-1st)
Kay Granger (TX-12th)
Mike Lawler (NY-17th)
Marinette Miller-Meeks (IA-2nd)
John James (MI-10th)
Tony Gonzales (TX-23rd)
Carols Gimenez (FL-28th)
Mike Kelly (PA-16th)
John Rutherford (FL-5th)
Mike Simpson (ID-2nd)
Pete Stauber (MN-8th)
Steve Womack (AR-3rd)
This post is not meant to solicit new clients. My firm is closed to new clients. It is meant to make you think about your retirement and your financial health. I hope it helps.
You don't need analysts in a bull market and you don't want them in a bear
market. It is time to revisit some common sense for all of you in the fly-over
states who will have brokers calling with the sell-this, buy-that meme as their
commission runs dry up in this bear market.
Having been through a fair amount of volatility in my trading career I can only say for certain there is some massive spikes of volatility ahead. I started in this business on April 1, 1982, what a joke eh?
There is going to be a lot of pain with your money. It is coming just as sure as the lies and campaign promises of Republicans and Democrats.
Let me share some advice in a speech that I gave long ago and not too long ago. It never seems to go out of style.
I was born in 1953. That year the price of a 1st class postage stamp was 3 cents. Maybe I am old-fashioned, maybe I have been around too long, maybe I‘ve made too much money sitting in stocks over many years. You see, I’m one of those guys what believes stocks solve long-term problems. You should too. If you are like many investors maybe you turned off TV and stopped watching financial news as the market corrected back in 2000, 2001 and 2002 from the excesses of the 1990’s. I know the drivel on CNBC from the buy-this, sell-that crowd drowns out basic, common sense. To me, and probably to you, the hallmarks of a successful retirement are dignity and independence, the ability to go hunting where and when you want and the ability to meet the basic needs of life that continue to only go one way in price. Up.
Today, the average American male lives to be 78, the average female lives to 81. I know the key to financial independence, perhaps over decades of retirement is an income you can’t outlive, an income that is rising even as your cost of living continues to go up.
Personally, I think the biggest financial risk to all of us besides losing one’s money, is outliving it, which means owning the stock market is more critical today than ever before. Remember the cost of living has tripled over the last 30 years, yet few triple their income in retirement? Risk is the extinction of purchasing power. Safety is increasing your purchasing power. Last week I paid 49 cents for a postage stamp. I will bet my Lowa boots the price of stamps is only going one way. Care to guess which way the price of stamps will go?
The stock market is simply a facility for the exchange of shares. Just like the markets for fur, guns, traps or fish it is driven by supply and demand. My friends on the NYSE floor understand fear and greed better than most but they can’t tell the difference between preferred stock and livestock, they only care about payouts on commissions generated with your money, not theirs. When I last checked fear and greed hadn’t changed for around 10,000 years. Today, capitalism is the organizing principle for most of the human activity on the globe, for no one can stop capitalism. Here are 10 reasons why the United States stock market is going to continue up much like it has during your entire lifetime, (1) the U.S. has the greatest number of entrepreneurial managed companies in the world, bar none. (2) we have the leading military in the world (3) we have the leading high technology in the world in both hardware and software (4) we have the leading medical technology in the world (5)we have the leading political system in the world (6) we have 25 times more Nobel prize winners than any other country in the world (7) we create more jobs than Japan and Europe combined (8) we have 11,000 companies that trade publicly under some of the better accounting rules anywhere (9) you as an American have the freedom to accumulate wealth and extract out of life what it is you want and (10) the stock market doesn’t care who you are, what color you are, where you went to school, and, (because I grew up in the poorest county in America on the Pine Ridge Indian Reservation), it doesn’t care where you came from.
Things are great and they are going to get better. I feel the 21st Century started in 1989 when the Berlin Wall came down. Change is certain. I am one of those guys that believe you set your goals in life ahead of time. Mine includes being a free person; freedom is what this country is all about. The opportunities for success are greater now than ever before. For the first time in the history of the world, all the people who are poor know they are poor. Success has nothing to do with money and everything to do with how you feel about yourself. Your net worth is your ability to function. When I was a cadet at the United States Military Academy at West Point postage stamps cost 8 cents and the Dow crossed 1,000 for the first time. That same year the microprocessor was invented. Today, 85% of the scientists who have ever lived are still working! When I took my degree in Economics the price of a stamp was 13 cents. Still think you don’t need exposure to the stock market?
The market is a funny place. It is the only business in the world when things are on sale, people don’t want to buy. The greatest enemy of long-term investment success is not ignorance, it is fear. You see, fear leads to panic and panic breeds the inability to distinguish between temporary declines and permanent losses. When people panic they don’t discriminate. Since all market declines have been temporary and all advances permanent, we know the key to investment success is not found in intellectual babble like beta’s, standard deviations or chaos theory. It’s time in the market. Put time on your side. The single greatest thing you have going for you is time because no one can successfully forecast interest rates over the long term and no one can forecast short to intermediate-term stock market moves. Long term the market always goes up, which is inevitable. But, why do investors lose in the market and why has the average mutual fund investor only averaged a small return in his mutual fund holdings?
I don’t mean to be critical, but most people invest through the rear-view mirror. They buy mutual funds after they have gone up substantially. They have bought into what I call the Sesame Street School of investing. They buy into the hottest fund, in the hottest sector, in the hottest country, from the hottest brokerage firm, and the one that has the most “stars” next to it in Money magazine. Then what happens? You know the drill. They turn cold. In fairly short order, a perfectly normal market correction comes along. The cycle comes to an end. Investing like that is like enlisting in the Taliban on September 12th, 2001. Yes, you are joining the proudest fighting force in the world that day. Yes, your outfit just pulled off one of the greatest disasters of all time. But you know what? You are toast. Your obituary is written. It is all downhill. I have no wish to drive this message into the ground like a ICBM but I want to make one point very clear. Pay attention. At the end of an investor’s life, less than 5% of his total lifetime return will from what his investments did versus other investments. The other 95% will come from how the investor behaved.
You see, I have a firm belief that there is absolutely no relationship between investment performance and investor performance. Stock market success is a function of two things. One, recognition that the markets will go down and sometimes go down a lot, and two, prepare to regard those declines as either non-events or buying opportunities and never as an occasion to sell. With all certainty, I know that the most boring and mediocre stock fund in your portfolio, the one you hold onto during a vicious bear market is infinitely better than the world-class stock fund that you sell out of at the bottom of a temporary decline.
The secret to making big money in stocks is to not get scared out of them. Americans, God bless them, are totally unable to distinguish between fluctuation and loss. The bottom line is this, and if you don’t believe me you have the right to be wrong, but don’t forget it, the higher your exposure to stocks as a percentage of your assets the better your overall return, over the long term.
In the long run, no one controls our investment fate. We control it. Bailing out of markets is like quitting a marathon because you get tired!
The Bible is the most powerful, significant, and important book of all time.
66 books, 40 authors, and 5,000 years of history.
Four direct accounts of the most influential person ever to live.
Answers to every challenge you will face.
Savers process the future and their financial “safety” through the emotion of fear.
Investors process the future through their faith in America, our markets, capitalism and optimism.
Savers think that paper money, coins and bills have real value.
Investors know that paper money is only a medium of exchange and that hard currency is not a store of value, real value is the purchasing power of money.
Savers think that the greatest long term and short-term risk is the loss of principle.
Investors know that long term risk is outliving the buying power of money.
Savers don’t understand the difference between loss and fluctuation.
Investors know that long term the stock market only goes one way.
Always has, always will.
Thursday, October 19, 2023
In the 1980's when I worked for Drexel Burnham Lambert in LaJolla, California one of the accounts I called on was the Office of Trust Funds Management.
This single account, at the time, unknown to me, would be the impetus to start my investment management firm several years later.
The best way to describe these government workers would be to say they were clueless. To me, and for the hundreds of thousands of Native American beneficiaries who were getting shafted, it was sickening.
It almost compares to what happened at Wounded Knee, South Dakota in 1890. I rode my motorcycle to Wounded Knee often when I lived in Pine Ridge. It was a much safer road to ride on than driving to White Clay! In the late 1960's, the massacre site was rather messy and not maintained very well. One of the worst massacres of Americans by Americans.
The OTFM hurt hundreds of thousands of Native Americans.
SEPTEMBER 5, 1996
DEAR HONORABLE TRIBAL CHAIR,
THE STOCK MARKET WAS NOT THE ONLY PLACE IN WHICH INVESTORS MADE MONEY IN 1995--THE FIXED-INCOME MARKET WAS ALSO ROARING. LOW INFLATION, STABLE ECONOMIC GROWTH AND EASING OF INTEREST RATES BY THE FEDERAL RESERVE BOARD CONTRIBUTED TO THE MARKET’S PERFORMANCE, WHICH WAS ESPECIALLY WELCOME FOLLOWING THE LOST GROUND OF US GOVERNMENT BONDS IN 1994. BUT IS ALL WELL IN INDIAN COUNTRY? WE THINK NOT AND WANT SOME ASSURANCES.
AS A NATIVE AMERICAN-OWNED INVESTMENT FIRM, REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION, OUR YEARS OF EXPERIENCE HAVE REWARDED CLIENTS WITH SOME EXCELLENT RESULTS. A RELIABLE RULE WE ENUNCIATE IS “NEVER GIVE ANYONE ACCESS TO A BILLION DOLLARS WITHOUT FIRST ASKING WHAT THEY WILL DO WITH THE MONEY”. WE HAVE A MAJOR CONCERN THAT NO ONE SEEMS TO SHARE OR HAS ADDRESSED AND THAT TOPIC SHOULD BE TIMELY IN THAT 2.4 BILLION IN FINANCIAL RECONCILIATIONS ARE UNACCOUNTED FOR BY THE BIA.
OUR CONCERN IS SIMPLE. IN THE EARLY 1990’S THE OTFM WAS A HUGE BUYER OF CMO’S OR COLLATERALIZED MORTGAGE OBLIGATIONS FROM VARIOUS WALL STREET FIRMS, ONE BEING THE FIRM OF KIDDER, PEABODY. AT THAT TIME, KIDDER WAS THE LARGEST UNDERWRITER OF CMO’S ON WALL STREET. MANY OF THESE CMO’S, OFTEN REFERRED TO AS “TOXIC WASTE” BY WALL STREET PROFESSIONALS, MAY CARRY A 10 OR 20-FOLD RISK GREATER THAN THAT ASSOCIATED WITH REGULAR GOVERNMENT BONDS. MANY OF THESE INSTRUMENTS FOUND THEIR WAY INTO BOND PORTFOLIOS MANAGED BY THE BIA AND BECAUSE OF HIGHER RETURNS OFFERED BY CMO’S, MAY HAVE PUT ALOT OF NATIVE MONEY AT UNDUE RISK DURING THE GOVERNMENT BOND MELTDOWN IN APRIL OF 1994. THIS DEBACLE FINISHED OFF KIDDER PEABODY AS A FIRM AND OUR WORRY IS THAT THE REAL OWNERS OF THE MONEY, THE NATIVE PEOPLE, WHO HAD NO OUTSIDE INVESTMENT PROFESSIONALS OVERSEEING THE POSSIBLE MISMANAGEMENT OF THE PORTFOLIOS BY THE OFFICE OF TRUST FUND MANAGEMENT (BIA), COULD HAVE BEEN UNKNOWING AND SUBSTANTIAL VICTIMS. WE FEEL IT SHOULD BE AN APPROPRIATE AREA FOR INVESTIGATION.
WE INVITE YOUR COMMENTS IF YOU SHARE OUR CONCERNS REGARDING THE SUPERVISION AND MANAGEMENT OF NATIVE MONEY ENTRUSTED TO AN AGENCY THAT HAS DIFFICULTY KEEPING TRACK OF $2.4 BILLION NATIVE TRANSACTIONS.
IF YOU HAVE ANY QUESTIONS OR NEED ADDITIONAL INFORMATION, PLEASE FEEL FREE TO CONTACT ME BY PHONE AT 770/772-1621 OR BY FAX AT 770/772-0102.
DEAN T. PARISIAN
NATIVE AMERICAN ADVISORS, INC.
Tuesday, October 17, 2023
One of my very dearest friends, a guy whom I greatly respect and admire has turned the tide! He has given up his support and ideology for the Democratic Biden Administration.
He sees the light. He has had enough.
I never thought I would see the day.
I have plenty of friends who are liberal. Not many but plenty.
How can they look in the mirror and cast a ballot for these criminals is beyond my ability to decipher.
To my friend, Maurice Altshuler, I am most honored to know another supporter of Donald J. Trump!
Ken Burns took it out of the park last night! What a superb job of laying out the history, historical significance, and geopolitical ramifications ( I use that term loosely, the Indians didn't stand a chance against smallpox, gunpowder, alcohol, weather, and food when up against the traveling killers hunting them down from the United States Government.
Think about it.
Hamas come to mind?
Gerard Baker! Awesome presentation. Proud of you, your family, and the Mandan Hidatsa Arikara connection to the buffalo.
Your extended family is proud of you for helping put together this classic production.
Monday, October 16, 2023
Solid start to the day and it's 7 a.m. I love getting the day underway in the dark! Here are some quotes for you in Marty, Pine Ridge, Loneman, Twin Buttes, Ponsford, White Earth and Mandaree!Human is not a synonym for rational. Don't confuse net worth with self-worth. Success has nothing to do with money and everything to do with how you feel about yourself. People can do whatever they think they can do. I've never met a successful pessimist. I've always believed that if you put in the work, the results will come. The extra mile is never crowded. Americans underestimate the value of pure freedom. Life shrinks or expands in proportion to one's courage. Hustle never has an off night. Don't fear giving up the good to go for the great.
Saturday, October 14, 2023
Thursday, October 12, 2023
Tuesday, October 10, 2023
Monday, October 09, 2023
It's Columbus Day. Native Americans don't relish this day and the many I know across Indian Country don't celebrate it so I went to check coyote traps early this morning. The last two critters on the Planet will be mosquitoes and coyotes.
This is a large male coyote, somewhat unusual with 4 white paws and a white tipped tail. Caught him this morning along a fence line where I shot a big female coyote a few months ago, maybe they were a pair. He weighed 38 pounds. I have to laugh at the tree-hugger crowd who tell the world about the big predators that only kill the weak and sick in the animal world. Let me tell you, bobcat, mountain lion, coyote, bear it simply doesn't matter. If they are hunting and they usually are when they aren't sleeping, they don't play golf nor do they watch TV, and they have no internet, they will kill and EAT the first prey animal that they can catch. Sick, near dead, young, healthy it just doesn't matter. If their hunting approach gives them an opportunty to kill and EAT it is all that matters. They don't take the pulse and temperature of their prey species and don't ask them if they are sick and old before they EAT them. They are unique predators and EAT whatever and whenever they can. There are no freezers or refrigerators in the animal world nor do they have emergency rooms for prey that are old and sick. It's nature's way.
It's what Creator wanted.
Wednesday, October 04, 2023
I can't help it you are getting older. Day by day it happens to us. To every single one of us. Until, it doesn't. Until it is the LAST TIME you do something, anything.
Aches, pain, lethargy, sloth, motivation waning, obesity. Okay, I get it. You need to vent. But it goes on and on and on and on.
Stop. Just Stop. No one cares.
When you call and I offer a dozen suggestions on what YOU can do to make YOUR life better I get excuse after excuse.
If you don't believe that you can flourish in every single season of your life, outside of physicality, you are not in my camp.
Grow a pair. Get off your self-medication, alcohol (depressant) and get your ass doing anything, something, in all the tomorrows ahead.
Thank me later.