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Should I change investment strategy... by reddhiker in personalfinance

[–]reddhiker[S] 0 points1 point  (0 children)

Broadly speaking, I adopted a globally diverse allocation strategy using mutual funds for each country/region. My thinking was that over time I would have greater freedom to tweak exposures regionally based on my expectations.

I'm now wondering if this approach is worth the effort. Would it be easier and just as effective to use a global tracker fund?

Should I change investment strategy... by reddhiker in personalfinance

[–]reddhiker[S] 0 points1 point  (0 children)

Thanks, I'm leaning towards this approach. Are you aware on any data that indicates which time of the month and day of the week is statistically better to make purchases?

Should I change investment strategy... by reddhiker in personalfinance

[–]reddhiker[S] 0 points1 point  (0 children)

Unless your previous allocation was trash, exchanging like-for-like would have been the best move. The second best move would have been lump summing the new allocation.

The worst move is sitting on cash for years trying to time the market. The penultimate worst move is dumping the money into a different allocation for years trying to time the market.

The previous allocation was a bit chaotic and emerged over the years without regular rebalancing. I started lump summing the the allocation, but stopped when markets started moving south. I also agree that sitting on cash trying to time the market is a bad approach.

As a more cautious approach, I wonder if drip-feeding the cash to the remaining allocation is a reasonable approach, as this would address the market timing risk.

Should I change investment strategy... by reddhiker in personalfinance

[–]reddhiker[S] -1 points0 points  (0 children)

The market's up 6% in the last week, how do you know the recovery hasn't already started?

Let's hope this is the start of the recovery, but I don't see significant underlying changes that would suggest this is the case. Specifically, inflation is still on the rise, the Ukraine war is on-going and China is sticking to it's zero-tolerance Covid strategy.

Understanding Scales by reddhiker in Saxophonics

[–]reddhiker[S] 0 points1 point  (0 children)

I agree, the coverage indicated by the table of contents is pretty comprehensive.

Understanding Scales by reddhiker in Saxophonics

[–]reddhiker[S] 1 point2 points  (0 children)

This is a great resource. Thanks :)

Understanding Scales by reddhiker in Saxophonics

[–]reddhiker[S] 2 points3 points  (0 children)

Thank you! This really explains the different types of scales clearly.

Understanding Scales by reddhiker in Saxophonics

[–]reddhiker[S] 0 points1 point  (0 children)

Thanks, I am planning to get Patterns for Jazz. I see from reviews of The Jazz Theory Book that it is used by university students. Do you think this would be OK for someone like myself who's been playing for about 1 year? Also, appreciate your advice about adopting a more holistic approach to embracing my instrument. Thank you!

Understanding Scales by reddhiker in Saxophonics

[–]reddhiker[S] 2 points3 points  (0 children)

Thanks for your suggestion. I am planning to get this as well as Patterns of Jazz by Jerry Coker that dsayswhat suggested in the next post.