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08-02-2013, 08:56 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,999
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Ken Fisher
Am I the only one who gets a letter in a big, full size white envelope every month from Ken Fisher, personally inviting me to call him to discuss my investment strategy?
The letter is always written in a folksy sort of way, and it makes it appear as if he is a local neighbor looking to help out the community with his investment advice. In reality he runs a $40B investment company, and from what I've read on the internet, I've seen more negative reviews than positive.
I don't know why I get so many letters from him. Does anyone else get his stuff, and has anyone used his firm to invest? Do they offer anything that the Vanguard/Fidelity/Schwab firms don't?
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08-02-2013, 09:10 AM
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#2
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Full time employment: Posting here.
Join Date: Dec 2006
Location: chicago burbs
Posts: 806
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I get these in the mail. I just ignore it and toss it in the trash. Stayin' with Vanguard and Fidelity .
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08-02-2013, 09:26 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2009
Posts: 9,343
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I received one this week too. I get them about 2x a year. I do not know anything about them, but based on the size and expense of the marketing packet, I feel sorry for his investors. Somebody has got to pay for all that wasted packaging and postal costs. Based on the waste factor, I bet they gouge their investors with bloated administrative fees, also.
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08-02-2013, 09:39 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,809
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It is just a mass mailing ... junk.
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08-02-2013, 09:42 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
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Quote:
Originally Posted by Ready
Do they offer anything that the Vanguard/Fidelity/Schwab firms don't?
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Yes--expensive handholding of dubious value.
We spent a lot of time talking about Ken Fisher's outfit recently in this thread.
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08-02-2013, 09:43 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
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I made the mistake of signing up to receive their free stock market report a year or two back. The report arrived and, predictably, so did the barrage of phone calls attempting to get me to switch my portfolio over to them. I took one look at the fees and decided against it. Truth be told, I wasn't really interested in them to begin with - just wanted to see their report on the state of the market. Every few weeks I received another phone call, and it took about a year before I convinced them to stop calling.
The salesguy who kept calling me sounded too much like - well, a salesguy
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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08-02-2013, 09:45 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,304
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I've been getting them and recycling without reading them for many years. I try to stop junk mail, but not always successful, Fisher is a case in point...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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08-02-2013, 09:50 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jan 2011
Location: Fair Lawn
Posts: 2,962
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Quote:
Originally Posted by Major Tom
I made the mistake of signing up to receive their free stock market report a year or two back. The report arrived and, predictably, so did the barrage of phone calls attempting to get me to switch my portfolio over to them. I took one look at the fees and decided against it. Truth be told, I wasn't really interested in them to begin with - just wanted to see their report on the state of the market. Every few weeks I received another phone call, and it took about a year before I convinced them to stop calling.
The salesguy who kept calling me sounded too much like - well, a salesguy
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My same experience, EXACTLY.
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08-02-2013, 09:58 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 1,608
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I have never received any of his junk mail. Must just be lucky though I surely get a number of other "opportunities" in my mailbox. Good thing we have these big giant blue recycle bins to put it all in.
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08-02-2013, 10:05 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
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I got on Facebook last night to check on Sarah in Mongolia's progress, and what was waiting for me but a post on my News Feed from Fisher Investments. There was also another one from Pimsleur Language software. Obviously in the 2 or 3 months since I last got on FB they've taken to spamming me with "Suggested Posts". Probably something new in their privacy settings. I can't decide whether to go through the hassle of figuring out how to stop it, or just quit going to FB completely. I'm leaning toward the latter.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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08-02-2013, 10:08 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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Quote:
Originally Posted by golfnut
Stayin' with Vanguard and Fidelity .
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+1
I can lose my money much cheaper than he can.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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08-02-2013, 10:17 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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The older I get, the more investing junk mail I get. I also get more of those invitations to a free lunch if I will listen to a sales pitch while I eat.
They must think that older people are easier to con. Whether or not that is the case, there sure are a lot of people out there trying very hard to separate me from my money these days.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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08-02-2013, 10:46 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,695
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I get too much junk mail from other sources, so I am glad I get nothing from this Fisher guy. I recall once in the 1990s I wrote a letter to the editor of my local newspaper about muni bonds and some guy from a local bond-selling outfit looked me up and called me, trying to sell me some muni bonds. I turned him down, of course, and thankfully never heard from him again.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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08-02-2013, 10:56 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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I received them for quite a few years untl they evidently realized I'm a lost cause.
__________________
Took SS at 62 and hope I live long enough to regret the decision.
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08-02-2013, 11:21 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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I get them every month.
__________________
And if I claim to be a wise man, it surely means that I don't know.
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08-02-2013, 03:56 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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So glad to hear that others get the annoying junk mail. When I first retired I meet with them and they were very persistent. They were the first advisers that I demanded to see their personal brokerage statement, before doing business with them. It got rid of those guys. However, I figured it condemned me to a lifetime of junk mail..
Evidently I am not alone.
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