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[quote=Anonymous][quote=Anonymous]Hi, I just recently took over management of an ill parents accounts. They have a managed trust account that I was told takes a "protect the principal"  conservative approach. This account has lost 12% yoy 21-22 and of course the year prior was also bad due to the onset of the pandemic. Is this unavoidable and should I just stay the course? Or should I be stepping in to prevent further loss? I am not exactly knowledgeable about any of this but the account appears to be structured at 33% equities, 41% fixed income (what is that?), 20% asset allocation. 
Uh. IDK what that even means so clearly I need someone to help but anyone with more savvy than me have advice? Buckle up and ride it out? 
There's also an IRA that's losing $ too.

Thanks for any advice.
[/quote]

Your performance matches the Vanguard retirement Fund, and allocation is not too dissimilar.

https://investor.vanguard.com/investment-products/mutual-funds/profile/vtinx

I think let it ride, you seem fine.[/quote]

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