I started working with the private client group in 02 when I was assured that they could get me out of the market to avoid major losses at times like these. Now that I have lost 43 per cent of my savings for retirement they want to send me a book on Ken's recommendations for getting rich. It should start with not putting my money with him.

Fisher Investments Client Owner's Manual states: "We believe stop-loss strategies are incomplete and are inappropriate in actively managed portfolios."

No-you dont, but if your investment advisors incured a larger drawdown or lost more money than you agreed to risk in your investment policy statement that should have been incorporated into your IA agrement with him you do. Thats why they have stop loss orders.

You Got That All Wrong! Not only did they loose me money, but when I fired them and wrote about them in my blog, they sued me! How ridiculous is that?!

This is gibberish! I think you need Psychiatric help!

I trusted FI with my IRA and now I can not retire. They tout active management but everytime I asked for some action I was basically told I worried to much. Now my account is one half what it was in July. I have fired them but am looking for a class action law suit to join. Anybody got one?

Have you found a class action against Fisher yet?

Between May 15, 2008 and October 20, 2008 Fisher Investments lost more than 40% of my life saving. I finally had to pull out the remaining amount or risk losing the rest. The Fisher Investment's guy had to nerve to tell me that Fisher had done a good job for me!

I also started with FI in May 08. It has been devastating...
Most of the equities purchased were at 52 week highs during the huge run up in commodities. I was very skeptical after the losses mounted the first month in. I questioned the advisor constantly about repositioning the portfolio or at least to allow short positions to hedge. They stuck to the same global growth/peak oil story and led me to believe this was a temporary set back. There wan't any action taken. Now it's too late and I have lost more than half my initial investment. The whole point of signing on with FI was to have active management of my investments and most importantly, downside protection. That's what I was told to expect going into this agreement. There is no mechanism in place at FI to manage a clients portfolio in a volital market to mitigate losses.

Did they promise you that they would pull out of any bear market like they promised me?

That is their claim to fame! They tell everyone that. Now they simply say "well we missed this one... sorry... tough luck".

I'm looking for the same.
I gave them $603,000,00 - last time I looked, down at least 50%
Too many people with similar stories.
What can we do?
I began the transfer process to Vanguard and I am distrustful of FI.
Again - what can we do?

I've notified Brualdi Law firm in N.Y.
Fisher promised that they would pull out
of any large bear market. I'm down more
than 50%. And that is half of my cash
investment.

To me, the issue is the promise that they
would pull out of a bear market.
Bill

I am getting in contact with some class action firms. What we need is enough people like us who have lost initial investment (not just profits) to attain critical mass. I have been blogging and emailing looking for them. Can you help?
Rowland

Hi Rowland,

I'm interested in persuing a lawsuit against Fisher. What have you dug up?

I am interested too

I too would like to join a class actions suit, they lied to us as well.

I've lost over 50% of my original investment.
They promised that they would pull out of any
bear market.

Looking for a class action group. Did they say
they would pull out before a big bear market
when you signed up?
Bill

I HAVE INVESTED WITH FISHER INVESTMENT IN THE UK AND LOST A LOT OF MONEY.I UNDERSTAND THAT WHEN ONE INVEST IN THE STOCK MARKET ONE TAKE RISKS BUT I FIND FISHER 'S BULLISH ATTITUDE UNTIL THE END OF SEPTEMBER QUESTIONABLE.I am with you.let me know what I CAN DO

I think that there may be grounds for a class action suit against Fisher Investments if:
1) They provided the investor with written confirmation of the time frame needed by the investor (i.e., we need our money in two years) and
2) They failed to take any action to provide for an individualized adjustment based on your on the goal of your investment i.e, growth and income, growth, capital preservation, etc. given the market volatility experienced prior to October.

On the surface it appears that Fisher Investments did not attempt to make any adjustment based on the individual investors goal investment goal brokerage. I based this on Ken Fisher admitting he was sorry because he was too bullish.

I would like to find out if other Fisher clients found that their goals were ignored by Fisher Investments.

Please be aware that Ken Fisher has became extremely wealth on the advisor fees we have paid the brokerage.
The have deep pockets from which to hire high power legal counsel to fight any action.

There are two major reasons I would not invest everything in Berkshire Hathaway Inc.:
1. Warren Buffet is 78.
2. Berkshire Hathaway is heavily in insurance.