FYI: WHEN WE ROLLED over into May, I was reminded of a saying I used to hear when I worked in the world of stock-picking: “Sell in May and go away.” The idea—based on questionable data—was that stocks lagged during the summer months.
This notion always seemed suspect to me. But even if it were true, I was never quite sure what to do with it. Should an investor sell everything on May 1 and then buy back on Labor Day? If so, what about taxes? And what about October, when several notable crashes have occurred, including 1929 and 1987? Should an investor really sit out from May all the way to October every year?
Regards,
Ted
https://humbledollar.com/2019/05/beat-the-street/
