Why not Reits or unit trust or robo advisers?

Penning down some thoughts.

I have never bought any reits, unit trusts nor used robo advisors.

For reits, I do not like the right issues that happen whenever the companies need money. Leverage is too high.

Reason being the management fees or whatever fees the trust or advisors take annual regardless of profit or losses. To me, this does not make any senses, if they do a bad job they also charge the annual fees so there is no impetus for them to do a good job. Of course one can argue they will do to attract more funds but... most of them do not make money for the investors long term.

Also I myself want to know where my monies are invested so if there is any issues, I can exit on my own terms. I could sleep at night without having to worry.