Your Survival Guy

Preparing your investments and family for when disaster strikes.

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New Update! Ken Fisher Won’t Take No for an Answer

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By Zerbor @ Shutterstock.com

“We ended ours a long time ago. It was a disaster from day 1,” a reader wrote to me recently.

Then there’s this:

“The hard-selling was relentless, even infuriating, prospective customers said,” explains Janet Lorin at Bloomberg. “Marketers called homes,
spammed work email and impersonated friends, colleagues, and government officials.”

The Bloomberg article continues:

“CALLS REPEAT EVERY DAY. I SUBMIT A COMPLAINT EVERY DAY. NO
CORRECTIVE ACTION TAKEN. WHAT CAN I DO???????????????????,” a
resident from Waterford, Pennsylvania, wrote in a July 2016
email.

Would-be clients were complaining about a single company,
Fisher Investments, government records show. Billionaire Ken
Fisher, its founder and chairman, provoked a firestorm and more
than $3 billion in client defections after telling an investment
conference on October 8 that wooing clients is like “trying to
get into a girl’s pants.”

Long before then, however, some prospects were already
fuming because they said Fisher’s sales force wouldn’t take no
for an answer. Since 2016, 125 people have filed grievances
about Fisher with the Federal Trade Commission, according to
records released under the U.S. Freedom of Information Act.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.