sell in May and stay away

19 comments

• bdirect

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  4 years ago

  2200 by October
• Warrior15

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  4 years ago

  The stock market has gone back up because of the hopes of a V recovery. A V recovery is based on the idea that everyone goes back out in the 2nd quarter and starts spending again. CNN has done such a good job of terrifying people. That I just dont see that happening. Also, a lot of people have burned thru their savings over the past couple of months. And a lot of business owners aren't going to have any cash to do any expansions or investments for a while. So earnings estimates for 3rd and 4th quarter are going to start to be lowered soon. Also, don't be surprised about a surprise bankruptcy. Some industry that you did't think was affected suddenly is. I went to about 30% cash a few days ago. May go to more cash soon. S&p is going back to 666. But it could get close to 2000 again.
• Warrior15

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  4 years ago

  Meant to say people go back out in the 3rd quarter. We are in the 2nd quarter now and it is not going to be good at all.
• mark94

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  4 years ago

  Any money you’ll need in the next 2-5 years should be in cash. Everything else should in a stock index fund. Put it there, then leave it alone. Or, you can delude yourself and pretend that you are smarter than every other investor on the planet. Buy, sell, buy, sell, buy based on the latest advice you come across from your brother-in-law’s barber’s broker. Then, lie to everyone about how successful that was.
• bdirect

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  4 years ago

  You got cash now to buy lower
• bdirect

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  4 years ago

  I think we are going to be a welfare state
• skibum609

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  4 years ago

  I am almost 63 so I was in 80% cash before this hit and will leave everything as is. If my wife and I get the social security we earned, we will have a great retirement based on the combination of that and inestments. If we get no social security, we will have a lesser life, but will be just as happy as always are because if your enjoyment of life is based on money, it is based on nothing of tru importance. For our 25tyh anniversay we flew to Vegas First Class; rented a auite at TI and spent a lot of money. For our 30th last weekend we went hiking ate 4 kind bars and drank a rack of PBR pounders on the ride home. It was actually more fun in many ways.
• mark94

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  4 years ago

  I think there are a lot of experiences that will never be the same post CoVid. The excitement of Vegas is just one. Will college kids still backpack summers in Europe ? Will future generations wonder how anyone could have enjoyed cruise ships ?
• bdirect

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  4 years ago

  mark94.......... looking down the road our grand kids will ask grand ma to tell the story how grandpa lost all their money in the big corona crash 2020
• Papi_Chulo

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  4 years ago

  There may be something to "Sell in May ..." - but in the end it's probably a version of timing-the-market which is not very reliable. The $$$ I have saved/invested is $$$ I don't plan to use for at least another dozen+ years (unless for an unforseen emergency(ies)) - and even then, although I don't have any children, I would like to leave a significant amount of $$$ to my two nephews (or their children) so they can have a better life than I did growing up -
• Papi_Chulo

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  4 years ago

  Since it's hard (more likely impossible) to time the market, I will continue to stay in the market and buy/invest every month if I can based on my disposable-income, w/ the thought that $$$ will be worth much more 10+ years from now (although I'm aware there is no guarantee of this, but then again there isn't any guarantee of anything except death-and-taxes).
• shailynn

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  4 years ago

  Juice and I have been playing the NC lottery scratch off tickets. We are diversifying our portfolio by sometimes going across the state line and getting some South Carolina lottery scratch off tickets.
• bdirect

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  4 years ago

  some one in denver won 1 million twice the same day with scratch offs, good luck to you
• Uprightcitizen

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  4 years ago

  I bought some beaten down oil stocks and a couple REITs that are more focused on government income or more stable commercial enterprises. The market is incredibly high variance and its guessing game on what is a value. On that note I was highly entertained by Elon Musk telling the world the Tesla was overvalued 🤪
• bdirect

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  4 years ago

  i think Elon been smoking again , and stressed out,,, he knows his china factory future is ruined now..... corona is wiping out the global economy,, ...so who is going to buy a car.......and trump is going to beat down china economy, ..... my guess is that it will be red the next 2 days........ the market so insane these days..... i will just invest for 1 or 2 days at the max.... i dont want to get caught in a trap
• Papi_Chulo

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  4 years ago

  Don't worry - gropey Joe Biden will save the day
• bdirect

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  4 years ago

  i agree desertscrub...... these billionaires love attention.... but elon shouldnt talk about telsa stocks..... it could screw the investors over the barrel, kind of like trumps tweets....... he can move the market
• Mate27

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  4 years ago

  Definitely sell this May, but begin to steadily buy back in as things drop.
• SanchoRG

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  4 years ago

  You're nuts if you think we're in for a 1929 USA stock chart vs a 2020 Venezuela stock chart. They will burn this country and the USD to the ground to protect boomer retirement accounts. Good cause I don't need my parents moving in with me. [view link] TL:dr SPY 320 by election