The weather is getting warmer, flowers are starting to bloom and the sound of lawn mowers is filling the air. All of which can mean only one thing: It’s time for financial pundits to start screaming about how you should sell stocks and take the summer off for vacation. “Sell in May and go away” is one of Wall Street’s oldest adages.
And while there was some truth to the saying back in the day, the reality is that investors shouldn’t be “going away.” What they should be doing is “staying and playing.”
The summer can be a fruitful time to find gains and additional compounding. Dividends can be used to make the most out of a slow summer and boost returns heading into the fall and the new year. It’s time that we put that old adage to bed.
Take a look at some of the worst market calls of all times here.