Hi All, I tipped a significant amount into a managed fund (invested globally but in the UK as I bought out of a defined benefit scheme there) through an advisor who is based in UK and AUS back in Oct. I had been tracking the performance of the overall investment against some vanguard products and until last week it had been so far so good. The fees they charge appeared justified as the net return was outperforming the vanguard products. Last week happened (I always knew there would be period of loss along the way) and I was expecting a call / some kind of contact to discuss the situation and potential options such as increasing bond, fixed interest or cash holding until things settled and then buying back in or advising me strategy is long term hold and we advise sticking in there and riding it out etc. (I had assumed this is what I was paying them for...active management...particularly in a situation like last weeks). When I finally called them on Thursday (maybe I should have been more proactive) they told me the investment committee had been meeting all week and there would be a letter in the post I should receive next week explaining why they aren’t recommending any changes to the portfolio. I didn’t think this was very “active” or proactive at all. I know there are heaps of you on here who are very experienced, have tried passive v active, been through the previous corrections, tried to pick the top and bottom etc etc. so just want to hear your opinions on my first experience of a downturn and if my expectations of my advisor (0.8% per annum) are unrealistic? I’m not in a situation to take advantage of the down turn as I don’t have excess cash to buy in, as I mentioned it was a lump sum investment back in Oct 19. Thanks in advance to anyone who takes the time to reply.