Fisher Investments
 

I know pilots should never take financial advice from other pilots, but I am wondering if anyone here uses Fisher Investments to manage their portfolio and they would be willing to share their experience with me?

Thanks in advance...

bogleheads.org

Use the 3x fund portfolio or a target date fund. Thank me when you retire. I won’t charge you 1-2% of your portfolio annually like you will with an advisor particularly fisher.

You can also search other threads regarding Fisher and Financial Engines to see other opinions.

I’m retired UAL and about to turn 65. I’ve been a Fisher client since approx 2007. I’d be glad to speak with you. Jeff

I am a Fisher Investments client. Several years. Pleased with them. Over the long haul, even after expenses, they beat the markets. Most, yes. Occasionally not (like this year).

Interviewed Fisher about 2 years ago. I liked their spiel and philosophy. They are very transparent. Also a lot of marketing. I ended up not going with them because they couldn't give me a solid answer on the following question. They benchmark the MCSI World index. I asked if that's your benchmark why don't I just invest in a MCSI World ETF? They responded it was just a benchmark and in their defense they will put your portfolio in multiple different stocks instead of funds and their are some significant differences from the World index. 2 years ago they were much heavier into China then the index. That was pre covid. My guess is unless they rotated early that hurt their performance the last 2 years. I also asked why wouldn't I just go with the S&P 500 and they responded truthfully that the World over the years has outperformed the 500 except that it has lagged the 500 badly for several years prior to covid. Haven't rechecked lately. Hope that info helps.

1. The MSCI World index is their benchmark. They do not just invest in it, because their stock selections (even after fees) usually beat the index.

2. Just looked at my 3Q22 report. China comprises 2.66% of my portfolio. ymmv

3. They will take some counter positions, so if their forecasts of general directs are wrong, they have some investments that dampen the effect. Even with that, (even after fees) they usually beat the index.

4. Their lower volatility means they usually beat the index in up markets, and they usually drop less than the index in down markets.

5. That beats not only the indexes, but beats 98% of the managed funds.

No, I get no compensation from them. Just a client who is satisfied with their performance over time.

How do you pay the fees? Will Fisher take it out of the 401(K) or you write a separate check/pay from other funds…Thanks.

Don’t EVER give them your phone number unless you want a new, very annoying friend.

1% fee. I'd go w a fee only planner
100k portfolio-1k fee
3m portfolio-30k.
Is there that much difference in planning/advice?

Please don’t forget that that “small” 1% fee over many years is a huge amount of portfolio drag. Same as on an airplane. Not a lot in the beginning but compounded negatively it’s an enormous amount.

Go use a fee calculator. A 1% fee over 30 years results in almost a 30% lower final balance. Wall Streets biggest secret right there. You’re all welcome.