Not too long ago, Fisher Investments claimed to be managing $45 billion in assets. But lately, as seen on Stockerblog, http://stockerblog.blogspot.com/2008/08/stockerblogcom-exclusive-interview-with.html, they claimed to be managing $30 billion in assets (probably even lower as of today). Let's do a little math.
During that time, Fisher's portfolios was down about 20%. That would bring $45 billion down to $36 billion. Now, the remanding $6 billion was moved away from Fisher. In another word, they fired Ken Fisher. A rough guess of a $1 million per client. So, that would give me a rough guess of 6,000 private clients that have fired Ken Fisher.
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2 comments:
I think you should be sure your information is accurate before claiming that Fisher is imploding. I went to the Stockerblog site after reading your post and the article states $45 billion, not $30 billion - right there in black and white. Either your information is old, inaccurate, or you misread their site. Check it out for the correct figure and you can probably find Fisher's assets on their web site as well.
lwarren, thanks for reading my blog and checking my sources. I am sure of what I read and was a little suspicious. With your question, I went to do some research. I just posted my finding here on my new blog, http://superhero108.blogspot.com/2008/10/fisher-investments-did-you-blinked.html. Let me know what you think.
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