“Sell in May and go away, do not return until St. Leger’s Day.”The saying actually dates back to old England whereby the stock brokers will go for their summer vacation in May. They will return to work in September. The final horse race season ends in September and the stocks brokers will only return to work after the horse racing season ends. Does the ......
The month of April is ending and the month of May is coming. As an investor, have you heard of the old saying “Sell in May and Go Away“? The phrase suggest that investors should sell off their stock portfolio in May and only return in fall. Fall is another term used for Autumn in America. There is no fall in Singapore.
Being curious about how the old saying came about, I decided to do some research. The full phrase actually goes like this