10 min
Sell in May and go away? On Point
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- Investing
There are many sayings in the investment world, and one that always comes up at this time of year is “sell in May and go away”. The adage emerged in the Northern Hemisphere and it suggests investors should sell their shares in May, relax and enjoy the summer months before returning to the market in the autumn (or spring, here in New Zealand). It's based on a suggestion the six months from November to April typically offers higher returns than the May to October period. There’s some truth in this, if we look at seasonal patterns over the years, so will selling in May be a good move for investors in 2024?
There are many sayings in the investment world, and one that always comes up at this time of year is “sell in May and go away”. The adage emerged in the Northern Hemisphere and it suggests investors should sell their shares in May, relax and enjoy the summer months before returning to the market in the autumn (or spring, here in New Zealand). It's based on a suggestion the six months from November to April typically offers higher returns than the May to October period. There’s some truth in this, if we look at seasonal patterns over the years, so will selling in May be a good move for investors in 2024?
10 min