Friday May 6, 2011 - Divestment Day

Friday is the day! May brings in warmer weather and out a lot of cash. Divestment day is upon us.

On Friday, May 6, The Seasonal Investor will once again turn his attention to divesting from the market. As the countdown timer shows, divestment date is a mere 3 days away.

Just like last year, this year the summer savings alternatives appear woefull. Despite that, from May through most of October, The Seasonal Investor will park funds in cash and cash equivalents. This year the returns on cash appear to be lagging even last year's very low levels. Ultimately, an online savings account, now paying about 1%, may prove to be the best return available.

Starting at the close of the market on Friday, CASH IS KING!