It is finally here. Today is the day to sell out of the market. The Seasonal Investor will sell out of the market at today's close of business. While finding a place your store you cash over the summer may be difficult, even your mattress has been a better place than the market over the summer months.
Starting today, CASH is King!
Wednesday, May 4, 2016
Monday, May 2, 2016
Sell in May on Wednesday
Wednesday, May 4, 2016 is the day to sell in May. As usual, pundits are espousing their typically unsupported views on Sell in May based upon "anecdotal evidence." And as typical, had they done an analysis, there they would certainly see what The Seasonal Investor has for a long time - divestment day is upon us.
On Wednesday, May 4, The Seasonal Investor will once again turn his attention to divesting from the market. As the countdown timer shows, divestment date is a mere 2 days away.
Just like last few years, 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 about 1%, may prove to be the best return available.
Starting at the close of the market on WEDNESDAY, CASH IS KING!
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