Should I Sell In May And Go Away Or Stay?
πππSell In May and Go Away is a trading strategy which recommends investors close their positions in May and walk away from the markets until October. This strategy is in stark contrast to Buy and hold in which investors will ride out temporary slumps in the market.
April is supposed to be a strong month, yet it was down 3% for $SPDR S&P 500 ETF Trust(SPY)$
According to Stock Trader's Almanac, the market has a tendency to be weaker in April and May after First Quarter Big Gains in election years but also noted the last 7 months of the year tend to be up.
Market timing is always a tricky affair.
Instead I prefer the saying "It is time in the market that counts, not timing the market."
I do not need perfect timing to achieve fantastic returns. Time in the market beats timing the market - almost always.
$Alphabet(GOOGL)$
Would I sell in May and go away? My answer is I would stay in May and reap the rewards of patience and time in the market.
Volatility is the price I am prepared to pay for the outsized returns in the markets long term. Warren Buffett is a perfect example and his favourite holding period is Forever!
@Tiger_comments @MillionaireTiger @TigerStars @CaptainTiger
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