I have 500k in savings in one of the accounts. Have been managing it well till now. Fishers reached out to me for wealth management. Is it worth? Can someone give me pros and cons of using them as my fiduciary?
Better off investing it yourself in ETF and not paying fees. Fees crush future growth
Do some homework to figure out if they have historically outperformed index funds and ETFs, and whether they have done so by enough to justify the extra fees they will charge you.
You ever wonder why fees have a floor of 0. They don't pay you when they make a loss on your money do they? That should tell you everything.
Itās not a good dealā they will just sell you high fee fund products that do not out perform a simple exchange traded index fund. Avoid avoid avoid
Thatās not true. They invest mostly into stocks. It also depends what are your preferences.
You do you
Thanks š everyone. The VP of Fishers told me that they outperform index by 50%. I donāt think they have shown me any data. If I see last 10 years any one could show me 30 to 50% more of index because of tech growth.
This sounds extremely dubious - I would ask for the data and be sure to ask for the data of all of their fundsā including the ones that they shut down. The way these pLaces operate is to open 10 funds, keep the 5 that randomly perform better than the index and use those to raise more funds. Fisher is a marketing organization disguised as an investment manager, they are not known for their investment Talent
Iāve been using fisher to manage 1.5 M but have only been with them for 6 monthsā¦. They done better than the S&P, and some world index funds (with their 1% fee included). Been happy with them and think they do a great job
How do you feel now? Any changes
Any update on performance? Thinking of fisher
Tech Industry
5h
209
Why do liberals hate Elon?
World Conflicts
4h
387
Screw it. Don't care anymore. Let Israel take it. One state solution.
Tech Industry
19h
1463
Metamate- cringe max posts by this wannabe influencer
Tech Industry
4d
45903
What happens when most of your team is Indian?
Software Engineering Career
12h
899
Why does leetcode get so much hate?
The investment industry exists to part you from your money. Why bother?
1-2% in fees a year lol