According to the Stock Trader’s Almanac, since 1950, the Dow Jones Industrial Average has had an average return of only 0.3% during the May-October period, compared with an average gain of 7.5% during the November-April period.
2 Replies to “Sell In May And Go Away | Investopedia”
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So this precludes us investing in, say, biotech, or anything with a 3-5 year payoff or maturity (but which could be taken over in 2 months) – yes, it happened to me when I sold in May – lost out badly..
No, it only applies to industrials and anything with a 4 to 6 year payoff.