Ken Fisher’s Forbes Portfolio Strategy columns
Ken Fisher has been enlightening millions through the pages of Forbes for over 23 years. In fact, he's the fourth-longest-running columnist in Forbes ninety-year history, where columnists only last as long as their advice is engaging and makes sense. Fisher Investments performance is due to Ken's experience in reading the markets. Ken seeks to have Fisher Investments maintain this level of performance consistently and encourages different methods of research and analysis in order to do so.
Click here for Ken Fisher’s current Forbes column
Click here to access the Portfolio Strategy column archive dating back to 1997
The 10-year performance analysis for Ken Fisher’s Forbes stock picks is available in Appendix L of The Only Three Questions that Count: Investing by Knowing What Others Don’t.* For composite portfolios since the Fisher Investments Private Client Group was founded in 1995, performance analysis can be requested by qualified investors by meeting with a Fisher Investments representative. Fisher Investments seeks to increase the performance of its client portfolios by interpreting available data differently and correctly from others in the capital markets today. Fisher Investments performance is achieved by using different methods of data analysis from its peers. All Fisher Investments performance analysis is prepared in compliance with the Global Investment Performance Standards (GIPS®)** and independently verified on an annual basis. Details regarding Fisher Investments’ strategies in regards to client portfolios can be requested during a meeting with a Fisher Investments representative - available to qualified investors only.
*Ken Fisher’s Forbes columns detail his market outlook and usually have 4 to 6 personal stock recommendations. These stock picks do not reflect the holdings of Fisher Investments or Fisher Investments clients. The performance analysis of Ken Fisher’s personal stock picks are measured once a year by Forbes as if equal-sized investments were made at the time the stock pick was published with a 1% transaction fee.
**In 1999, the CFA institute established the Global Investment Performance Standards (GIPS) as a set of standards for the presentation of investment performance data. The GIPS standards were created to encourage ethical, global and industry-wide methods of communicating investment performance data to prospective clients. Fisher Investments performance analysis is prepared in compliance with the GIPS standards. Visit www.gipsstandards.org for more information.
***Fisher Investments is a wealth management firm with over $40 billion (as of 06/30/2008) in assets under management. It is headquartered in Woodside, California.
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General Links from Fisher Investments
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Data on economic indicators is free and published by government agencies. It can be easily accessed at some of the following websites:
- The Federal Reserve (Interest rates, money supply, flow of funds)
- Bureau of Economic Analysis (GDP, Current Account Balance)
- National Bureau of Economic Research (Official business cycles)
- Bureau of Labor Statistics (CPI, consumer spending, productivity, employment)
- US Census Bureau (New home sales, housing starts, homeownership, household income, poverty, trade data (manufacturing, retail, inventories, etc.))
- Office of Management and Budget (US Budget data)
- US Treasury
- Department of Commerce
- The Conference Board
- Congressional Budget Office
Note: Government data takes longer to aggregate and finalize, much longer than market data. Data for a period can take a month to a quarter to become available. You can usually find a release calendar on the website. Even after preliminary figures have been issued, they may be revised a year later. This should not come as a shock if your historical data needs to be restated. For these reasons we may commonly dismiss such data to have any weight in interpreting market action, particularly in hindsight. The market generally leads the economy by 6-12 months.
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