No offense, but it really sounds like you are crying because you lost your money and nothing more. I am in the financial services industry (not with FI and never have before) and I've seen performance of the biggest money managers flop big time over the course of couple months recently. I mean the household names have lost 10-15% in course of just few months...

I'm not sure what your investment objective is, but if you are a type of a person that freaks out because your down 11% in just few days and pulls it out, you probably should have never been in that type of investment to begin with... You should have just stuck with CDs and MMF...

If you expect to beat the index... if your objective is to earn 10% a year, then you gotta take into consideration that your portfolio is more volatile then the market and will lose more in market conditions such as what we are facing now...

The fact is, you put your money in the middle of subprime mess where in January I believe we had the worst 5 days to begin the year in history of the market in 2008. The economy is not very good right now... The market is not very good right now... We are in uncharted territory with some of the most dependable securities as well... ARS and ARPS, which is $330 Billion market, in 20 years of it history, the auction for that market if failing, despite the fact that those are AAA rated products... Something like that has never happened before...

I understand your frustration. I understand that since you are having your money managed professionally, that you expected a better result despite the market conditions... But the truth is, more than 90% of CFA that are out there can't even beat the index and the job of a money manager is really to allocate your assets to diversify your risk ACCORDING TO YOUR INVESTMENT OBJECTIVE and to help your money grow for LONG TERM.. not 11 days or whatever you had with FI...