Tuesday, May 6, 2014 is the day to sell in May. Pundits are out all over espousing their views on Sell in May virtually always based upon unsupported belief and anecdotal evidence. Rarely has a pundit ever done an analysis of the historical numbers. Had they done an analysis, there they would certainly see what The Seasonal Investor has. Divestment day is upon us.
On Tuesday, 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 8 days away.
Just like last year, this year the summer savings alternatives appear woeful. 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 edging slightly higher than last year's very low levels. Ultimately, an online savings account, now paying less than 1%, may prove to be the best return available.
Starting at the close of the market on next Tuesday, CASH IS KING!
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