<prompt> Human: Some specifics - I opened the account in April of last year. I deposited 50,000. I mostly let the advisor take the reins as I dont have a big financial background. I am aware that there was a big crash in August and again earlier this year - and I plan on keeping this account open for the next 30 plus years... but is this bad business? New to reddit and forgot I could just do an edit.New plan: My plan is to move all of my holdings to cash and write off the losses from feesthis whole fiasco. Heres my plan, partially using this thread as inspiration: I recently opened an IRA, and am going to move in the maximum contribution for 2016. The remaining 38000 is going to be held as cash until the market cools off a bit one of my last straws with this advisor was that he literally BTFATH. I will then follow everyones advice and do a three fund portfolio. That stuff is really interesting. Just more info for you guys, I am currently 21, and a finance major. I do know what Im talking about a little more than I give myself credit for, but really should have been paying more attention to this portfolio problem earlier on. I just dont know much about portfolio theory and figured since I was young he would be aggressive. I like aggressive, but losing to the indexes by over 15 seems ridiculous.Thank you to everyone who provided positive insight. I really, really appreciate it all.Assistant: The stock market is at an all-time high. You shouldnt be down anything. Please tell us what hes got you in, and well tell you if hes just incompetent, or actively stealing your money in commissions. We might be able to help you fix it, hard to say.Human: what specifically would you need from me in order to help? hes been adjusting my holdings each month QUARTER so there are a lot of transactions about 3 big pages on Schwab website but I can screenshot them! I know one big loss was with Toreador international fund tmrfx but considering the gains the market has been making im left confused and concerned  <response>: This sounds like he is churning your portfolio to generate commissions for himself. 