Ken Fisher Investments

[jkenjohnson]

Looking for opinions. I did well with my TSP except for the past few years. Does anyone know anything about Ken Fisher investments? They manage portfolios of $500,000 and up for 1 1/2% per year and have a good track record. I'm thinking about retiring pretty soon and am thinking of transferring my TSP account to them. I'm tired of trying to manage it myself. I can't wait to see the comments I'm going to get for this!

 

[weatherweenie]

https://investorjunkie.com/42952/fisher-investments-review/

At 1% to 1.5%, this makes Fisher Investments comparable to fees assessed by typical non-robo-advisor investment management companies. However this is well above fees typically charged by robo-advisers. For example, Wealthfront charges just 0.25% of assets under management, and the first $10,000 is free. Betterment charges 0.35% for balances under $10,000, 0.25% for balances between $10,000 and $100,000, and 0.15% for balances over $100,000.

 

[jkenjohnson]

Thanks for the link

 

[tsptalk]

It sounds like they may not be too proud of their past performances based on their performance page.

https://www.fisherinvestments.com/about/company-info/performance

Many investors make hiring decisions based on historical performance. That’s a dangerous practice—we don’t think you should base your hiring decision purely on past returns. No manager can promise matching past returns, consistent outperformance, or investing without downside risk potential. Markets are forward looking, not backward, and you cannot buy past returns. Selling performance is Wall Street’s way of playing to your greed. At Fisher Investments we believe that isn’t in your best interests, so we don’t lead with it.

Our Performance

- We strive to keep you on pace to meet your financial goals over your portfolio’s time horizon.
- We do not expect to achieve positive returns every day, month, quarter or year.
- The rate of withdrawal from an account can profoundly impact the long-term success of a portfolio—in some cases, more so than the investment return.

You may be better off sitting in an L-fund without paying 1.5%. 1.5% of 500K means a minimum of $7500/ yr in fees.

 

[Intrepid_Timer]

It sounds like they may not be too proud of their past performances based on their performance page.



You may be better off sitting in an L-fund without paying 1.5%. 1.5% of 500K means a minimum of $7500/ yr in fees.

That's some funny stuff right there!

"We do not expect to achieve positive returns every day, month, quarter or year."

Wow, talk about lowered expectations. I guess that's one way not to disappoint anyone.....................

 

[The_General]

Looking for opinions. I did well with my TSP except for the past few years. Does anyone know anything about Ken Fisher investments? They manage portfolios of $500,000 and up for 1 1/2% per year and have a good track record. I'm thinking about retiring pretty soon and am thinking of transferring my TSP account to them. I'm tired of trying to manage it myself. I can't wait to see the comments I'm going to get for this!

Go with I_T and take the worry out of it!


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[jkenjohnson]

It sounds like they may not be too proud of their past performances based on their performance page.



You may be better off sitting in an L-fund without paying 1.5%. 1.5% of 500K means a minimum of $7500/ yr in fees.

Actually I would be paying about 3x that if I were to let them manage it. Ya'll gave me some pretty good reasons to pass. Thanks for the input.

 

[FireWeatherMet]

I see this guy on commercials late at night...seems like the typical "talking with a crooked mouth" shiester.