Tuesday, September 16, 2008

Fisher Investments - Only the fees matter

When I first hired Fisher Investments, the promised exceptional customer services and assigned a Investment Counselor to me. He is a nice young man and following instruction given to him.

As my investments go bad to worse, I talked to my Investment Counselor. It was clear that he knowledge was limited and could only repeat the talking-point given to him. As I asked for more information, it would take him 2 weeks to write me written legal responses that are clearly intended to protect Fisher in case I suit them.

Finally, I have no choice but fired Fisher. Within the hour, they went to my brokerage accounts and deduct their fees, plus $2000 early termination fee. The only time that they acted quickly was to collect their fees. What does this tell you? This company has no ethic and lack of integrity. When I hired them, they said it is $1000 fee, but then it i $1000 per account.

I have lost so much money that I don't care to pay the extra $1000. I am so glad to have get rid of Ken Fisher and the gang. Ken Fisher maybe a good investor (although I haven't seen it) but the way that company is run, it is destinate to fail. My suggestion, don't go with the loser. That is my advise to you all.

2 comments:

stocksystm said...

Ken Fisher has been completely wrong over the last year and I don't find his stock picks to be that impressive. Supposedly he has a very good record, but I believe when his results over the past year are included, he'll be relegated to the status of a monkey throwing darts.

Super Hero said...

Thanks for reading my blog. You are right. Ken Fisher's recent records are far less than impressive. Now, that I've fired Fisher, I am studying each of the stocks that they have brought. Really, nothing special that I couldn't have done myself.