He isn't even president yet and my portfolio is already taking a hit.

[progree]

9. "Moving to high-fee, low-return MMA's ... even if you show a nominal 1-2% return."

Vanguard's default money market fund (VMFXX) and Fidelity's (SPAXX) are in the high 4's percent range, about the same as my best intermediate term bond funds, judging from the last 2 dividend payments. (On money market funds, I'm sure I can do better than that if I hunted around).

As for speaking with a financial advisor, they, and endless financial media pundits, have been yammering for decades about the need for elderly people to have a substantial allocation to fixed income, and not have it all in stocks. e.g. Bogle saying "your age in bonds" (i.e. a 70-year-old should be 70% in fixed income and 30% in stocks), and most who advocate something less conservative that amounts to fixed income = age - 10 percent, i.e. a 70-year-old should be 60% in fixed income and 40% in equities ... I'm even less conservative than that (more like fixed income = age - 30 percent) , but bonds are doing poorly since pre-pandemic (especially in terms of purchasing power thanks to inflation), and it's held down by overall portfolio growth to at modest amount.

Many financial advisors advocate diversity in equity holdings too, e.g. international including some emerging markets - but those have had considerably less returns than the major U.S. index funds. I too believe in diversity, especially in times like these, but that has been holding down my portfolio growth. Such is life.