...Tax season was rough this year; got dinged for short-term gains in some of my managed portfolios. Gave the managers a ration of shit and told them to minimize those events moving forward, which was the entire point of starting that fund to begin with.
Goddamnit.
80% of managers don't over-perform the market.
FAANG numbers for Q1/Q2 are close to catastrophic (bar Apple), and ALL managers over-weighted in this.
VTSAX is down 14% YTD
FANG+ is down 28% YTD
js
My "stupid" short term bond fund (to counterweight bitcoin /balance portfolio's risk) is doing 28.25% better than FAANG this year so far.
I do have stocks (40% allocation of non-crypto stuff). Those are down, but not as much as prior "leaders".
TL;DR imho, replace advisors with VTSAX. It would simplify things and they (Vanguard) provide a nice PAL (pledged asset line) against it, I heard.