Financial Columnist

Ken Fisher is a regular contributor to several publications, including the New York Post in the United States; the Daily Telegraph in the United Kingdom; Australia’s most read newspaper, The Australian; Denmark’s leading business newspaper, Børsen; Singapore’s The Business Times; Taiwan’s Business Weekly; Caixin—often called the “Bloomberg of China”; South Korea’s largest business paper, Chosun Mint; the Netherlands’ largest newspaper, De Telegraaf; Japan’s Diamond Weekly; Spain’s largest business website and newspaper, elEconomista; Germany’s Focus Money; Canada’s most read newspaper, The Globe and Mail; Switzerland’s leading business paper, Handelszeitung; the Hong Kong Economic Journal; Italy’s third largest newspaper and number one business paper, Il Sole 24 Ore; France’s L’Opinion; Belgium’s La Libre; the United Arab Emirates’ The National; and Austria’s Trend.

Ken is perhaps best known for his "Portfolio Strategy" column in Forbes magazine, which ran from 1984 through 2016, making him the longest continuously running columnist in Forbes’ history. You can navigate the full history of Ken Fisher’s market calls through his writings in Forbes via the Ken Fisher interactive timeline.

Not all past forecasts were, nor future forecasts will be, as accurate as those presented here. Forecasts are Ken Fisher's personal forecasts of the overall market as published in Forbes and do not represent the performance of Fisher Investments. Past performance is no guarantee of future returns. Investing in securities involves the risk of loss.

債券孳息上升不會拖低股市

By Ken Fisher, Hong Kong Economic Journal, Tuesday, October 3, 2023

隨着港府10年期債券孳息率與美國10年期國債孳息率並駕齊驅升逾4%,全球對債券孳息上升壓抑股市的憂慮亦升溫。淡友聲稱,過去10年推升股市乃憑藉利率薄弱之力,因為投資者沒有其他更好選擇。而在利率上揚之下,他們現認定那個時代已成過去,股票表現注定會被扼殺。其實不然,債券孳息率不會主宰股票走勢,亦從來沒有主宰過。以下是筆者的解釋。

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Fallen Sie nicht auf die Besessenheit der Zentralbanken herein

By Ken Fisher, Handelszeitung, Tuesday, October 3, 2023

Höhepunkt oder Pause? Die SNB hat an ihrer Sitzung im September genau wie die US-Notenbank Federal Reserve das Zinsniveau nicht angerührt. Anlegerinnen und Anleger von Luzern bis Los Angeles spekulieren nun darüber, ob die beiden Zentralbanken damit ihren Zinserhöhungszyklus beendet oder bloss eine Pause eingelegt haben.

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This bull market still has legs, so stand still

By Ken Fisher, Business Times Singapore, Monday, October 2, 2023

“DON’T just do something. Stand there!” Legendary US investor Jack Bogle’s words are sage investment advice when a bull market wiggles, as it is doing now. I have long called the stock market The Great Humiliator. It is again trying to shake the timid from its nascent upturn with scary stories about China weakness, declining global trade and slumping Singapore dealmaking activity.

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Quand les marchés haussiers s’agitent, n’abandonnez pas le navire !

By Ken Fisher, La Libre, Wednesday, September 27, 2023

”La fortune ne vient pas à celui qui sait acheter ou revendre ses titres, mais plutôt à celui qui sait attendre”. Les mots de Jesse Livermore, investisseur légendaire du début du XXe siècle, recèlent le secret d’un investissement réussi, la patience. Le marché haussier qui a débuté l’année dernière devrait continuer d’afficher de belles performances, bien qu’irrégulières. Pour en tirer profit, il faudra donc faire preuve de patience et ce n’est jamais une tâche aisée pour les investisseurs. Une myriade de doutes ébranle déjà les plus craintifs, mais ne les laissez pas vous effrayer. Ce marché haussier a encore un potentiel de croissance.

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Dont fall for the Japanese investor tease

By Ken Fisher, The Globe and Mail, Monday, September 25, 2023

Record highs! Hot growth in a sideways global economy! Is it time to load up on Japan? Yes and no, with myriad nuances. Done rarely and right, Japan is fine. Otherwise, no.

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Column: hogere obligatierente betekent niet dat aandelenkoersen kelderen

By Ken Fisher, The Telegraph, Saturday, September 23, 2023

Pas op! Nu de rente op tienjarige Nederlandse staatsobligaties boven 3% staat en de rente op Amerikaanse staatsobligaties rond 4,5%, heerst er van Groningen tot Maastricht angst onder aandelenbeleggers over de hoge obligatierentes. Pessimisten beweren dat de enorme stijging van de aandelenmarkt de afgelopen tien jaar uitsluitend te danken was aan de lage rente, omdat beleggers geen geschikt alternatief hadden. Nu beweren ze dat dat tijdperk voorbij is en dat aandelen gaan kelderen. Niets is minder waar! Aandelenkoersen worden niet bepaald door de rente. Dat is nooit zo geweest. Laat me dat beargumenteren.

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일본 경제에 환호성 들리지만, 투자는 신중하라

By Ken Fisher, Chosun Ilbo, Thursday, September 21, 2023

“사상 최고치! 대규모 경제성장!” 요즘 일본 경제가 좋다는 환호성이 들려온다. 그렇다면 지금이 일본에 ‘올인’할 타이밍일까? 천천히 생각해보자. 과장된 기사 제목들은 뿌리 깊은 이슈들을 숨기고 있다. 일본 주식은 선별적으로 보유하고, 지나친 투자는 피해야 한다.

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