Corporate & Securities Law

Fisher Investments has proclaimed that there is a difference.  One difference between it and other advisory firms is what it calls Dynamic Asset Allocation.  "We strive to protect your assets in a bear market.  If we predict a bull market, we emphasize stocks.  However, if we see a bear market unfolding, we take a defensive approach.  For example, we might move you into bonds or cash, or use other tools in an effort to reduce risk.  We have a long history of forecasting bear markets, and reacting quickly and decisively."

Fast forward to March 13, 2009.  On that day, Mr. Fisher writes to clients, "Again in recent months, as in late last year, I and my firm have failed to correctly see the market's short-term direction at a time of nearly unprecedented market downturn in terms of size and speed."

In his book, The Only Three Questions That Count, in a section called "Curb Your Overconfidence," Mr. Fisher concedes,"I know there will be times when I am mostly wrong. And that's okay."  Okay? That's not okay for investors to whom attorneys at SNSFE have spoken.

SNSFE continues its investigation of Fisher Investments and the asset allocation decisions that it made for investors.  Those with accounts at Fisher Investments or those with information about Fisher Investments should feel free to contact attorneys at SNSFE.