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We've allowed a Financial Consultant to handle our affairs since retirement, but his lack of doing ANYTHING has seen our portfolio drop 50% in the last 18 months.

This is little short of scandalous, IMO. You didn't say if you were up 1000% in the previous five years, but any portfolio which dropped 50% in the last 18 months is far too volatile for me. My port is down, but nothing like that. But, then it wasn't up 1000% during the NASDAQ bubble. Either you didn't clearly communicate your risk tolerance, or the consultant is incompetent, or both. Even the Foolish Four did better than this!

Is the consultant a fee-for-service type? Some folks who call themselves Financial COnsultants are mutual fund salesmen in disguise.

I sympathise with your pain.

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