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[quote=Anonymous]This is a separate issue, but I was shocked when I noticed that my advisor sold about $500K worth of investments during the dip and put it in a money market. The plan was to save those investments in case of further loses and reinvest later. The move is triggered when there are more than 10% in loses in a short amount of time. Unfortunately it didn't work because the market stabilized. Total loss was only $20K, but still I am pissed. I never authorized it, and when I confronted him, he said because our investment strategy is conservative (we are retiring soon), that is something he does when there are extreme dips within a small period of time with only only on 3 separate funds. The rest of the $2.5M portfolio was left alone. I am going to chat with him next week about this, but I don't think this is a good strategy. Apparently he did this in 2020 and it paid off. But not this time.

Anyone else familiar with this tactic?

FWIW, we have other large investment portfolios elsewhere, namely in deferred comp, 401K, and company stocks/stock options. It's not like we are going to need the money in his portfolio in the near future. Maybe I need to clarify that with him.

Also before anyone chimes in about what a waste of money it is, we have a pretty good deal at .05%.
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