The other thing to consider is that you were duped by HD....

The other thing to consider is that you were duped by HD. Similar tactics to Magellan are employed by US Fund Managers all the time, the latest being Cathie Wood. Cathie Wood's ARK FUM rose to $USD50B in February 2021 and is now languishing at $USD13.2B.

The reason for the big drop is the tech wreck of 2022. ARK are unable to modify investment style.

Cathie Wood is still out there saying things like:
1. BTC going to $1M by 2030.
2. Writes a letter to the Federal Reserve saying how they shouldn't raise interest rates and they are limiting innovation.
3. Continuously comes out and says Tesla is undervalued, I am buying more.

Others like Chamath Palihapitiya came out saying that he is the Warren Buffett of current era when SPAC's were popular. How much has he got now?

HD came out saying things like:
1. Investment markets are like the South Sea Bubble
2. Inflation is coming, Magellan is positioned to take advantage of inflation and increasing interest rates. He used big words like “The portfolio has a very high probability of being resilient if there is a big inflation shock”
3. I also love this article on livewire https://www.livewiremarkets.com/wires/money-makes-money-10-investing-tips-from-hamish-douglass Magellan portfolio was the exact opposite of all of these points.
4. Name dropping how he was advised by global leaders (see previous link - Richard Thaler at Harvard), ex-Head of CIA, current US Treasury Secretary.

5. At the start of Covid he said his group of luminaries thought there would be no shutdown and everything will be okay after a couple of months. Here is a snippet from AFR article in Feb 2020:

These are all just marketing tactics to build up FUM. This is common in US so a lot of investors see through it. Also common is that the SEC will jail those that are unscrupulous, but not the Fund Mangers that are more sophisticated in their approach.

Best of Luck
Lost