I've seen a couple of Fisher portfolios and they were identical. It was from a few years back. They had to pull old performance numbers because they were based on a couple of old institutional accounts they managed. Don't know if that was because they were told to or felt worried. I heard that Fisher was on a free cruise in the summer of 2002 with lots of folk from Forbes magazine. He was in cash which was a great call but rang from the boat and put billions in the market after listening to what the Forbes people were saying about the market being at the bottom. It fell like a stone when he went back and there were big losses like 25 or 30 percent or so.

The sales guy said they sent out tens of millions of letters to get business. It's funny if you look at some other blogs, postings from the Fisher guys jump out - they all say the same stuff. Like this one:

Posted by: william | Feb 9, 2006 3:23:32 PM

You seem to be saying they have false performance figures. An editor's note in the Biz Week article Ted referred to above says the S.E.C. conducted an inquiry that led to no enforcement action. I assume they looked into performance figures.

(from The Big Picture Blog)

Yeah right - so you don't work at Fisher, William?

Fisher won't be a billionaire if you buy an ETF, but you won't pay lots of fees and might make some money.