I found a white paper online that I wanted to read, so I gave my contact info to Fisher to access it. Almost immediately they started calling and emailing me. I eventually picked up one of their calls just because I was curious. The guy from Fisher pitched me on managing my money in their fund. My first question was “How did your fund perform last year?” He said 21% gain after fees. I pointed out that S&P ETFs ($SPY) grew at about 25%. He wouldn’t believe me. He kept insisting that the S&P was only up 18% in 2024.

It’s one thing to be wrong, but this guy was so confident in his wrong information. He was either lying or had no idea what he was doing. Either way, it’s a big red flag for Fisher.