- Report: #1144152
Complaint Review: Ken Fischer Investments - Nationwide
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Author Not Confirmed
Why?
Ken Fischer Investments
Nationwide, USA
Phone:
(877) 768-2897
Web:
N/A
Categories:
Business Rating:
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Tell us has your experience with this business or person been good?
Ken Fischer Investments is clueless We made a huge mistake investing $550k with his firm Woodland NATIONWIDE
In 2008 before the market downturn we discussed at length their investment philosophy. While they were bullish they assured us they were agile enough to respond quickly to changes in the market/economy. They rode a dying horse foreward packed with my $550k. Making many trades (sometimes buying and then selling the same stock in the same week. Theirs was a hail Mary philosophy that continued to fail. They never reduced the equities or increased cash - - but they did a great job of churning stocks to generate fees.
After about 18 mos with only 325k left I cancelled my account.
I asked them to consider a fee reduction because of the preponderance of loosers they picked. They wouldn't hear of it.
I would never recommend anyone invest with them - - they talk a good game but their investment advice is absolutely terrible.
