I was enjoying a conversation with a colleague this morning about my trip to Florida. One topic that surfaced was, "what's new in the mutual fund universe?"
There is no end in sight for the proliferation of ETF's. The money grab for assets is simply stunning. Buyer beware of the "toxic junk" that is to come in the next 18 months. It will mystify you beyond words. Between the mutual funds with warranties and the buffered return enhanced notes with 13-month principal protection up to a 10% decline in the S&P 500 stock index you will dizzy yourself.
Let me simply give you some free advice if you are a client of a brokerage firm and your broker wants to "protect" your account with the "new" and "latest" structured product.
Just say "NO".
Then call us.
Native American Advisors, Inc.
- Dean Parisian
- CHIPPEWA PARTNERS is a Registered Investment Advisor and provides investment management to private investors, retirement plans and Native American tribal entities. Founded in 1995 as a fee-only money manager we are about doing the right things the right way and our expertise developed over 25 years balances financial acumen with absolute integrity. Dean Parisian is a former NASD and NYSE arbitrator and very successful trader who started his career on Wall Street in 1982 with Kidder Peabody and then with Drexel Burnham Lambert. The firm is a Life Member of the National Congress of American Indians and adheres to fiduciary standards. As a private, unbiased firm we know what to do and are prepared to do it. We invite your inquiry to manage your assets. ChippewaPartners@aol.com. Office: 877-772-1621 www.chippewapartners.com
Friday, February 08, 2008
investment fad de jour.......
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