Sell Stocks in May and Go Away? April 30, 2007
Posted by pf in Expenses and Savings, Goals, Portfolio Allocation.8 comments
About a week ago, I wrote a post entitled “Stock Market Timing: Resisting the Urge” where I expressed some inclination to lock up some the solid gains we have experienced during recent months in anticipation of some more volatility and downside in the months to come.
Interestingly, just today I read an article from CNN Money entitled “Sell in May and Walk Away? Not So Fast” that really got me to thinking about whether or not I should go ahead and act on my intuition. Fortunately, because of the timing, there were a number of articles on the same topic from various sources. As you might expect, the advice ran the spectrum from giving credence to the effect and how to take advantage while others considered it “nonsense”.
Stock Market Timing…Resisting the Urge April 24, 2007
Posted by pf in Expenses and Savings.9 comments
It has been written over and over that trying to time the market is a fool’s game that almost everyone loses. However, I have been getting this weird sense that we are at one of those peaks and we are in store for one of those “summer swoons”.
I try to tell myself (talking to himself – not a good sign) that I should just “stay the course” as I have been for many years (and have generally been rewarded for doing so). At the same time, there is another voice (oh, he’s hearing voices now – really not good) that is telling me to follow my intuition and reduce my exposure in some of my more volatile investments (example: emerging markets) for something a bit less so (ex: capital appreciation).