Stating you, on average, made an extra 1.1% per year is downplaying the achievement … it is 1.1 percentgage points, but that is not the same as 1.1%. That is ≈10% higher returns than the S&P500. Well done.

It's not clear why "you're stuck waiting for that shoe to fall." Or that if you have to wait until "value investing comes back" it's tough.

Are you stating that when buying an index fund you can never sell it? My understanding is that the agency you have with buying/selling managed funds is no different than buying/selling indexed funds.