Will you sell in May and go away?
For those of you unfamiliar with the adage ‘sell in May and go away, don’t come back...
Earlier this year, we published a piece that looked at what can go wrong when investors try to time the market. Missing just one or two of the best days can halve your returns over a 30-year period, according to Fidelity research*.
It seems that FundCalibre investors are a level-headed bunch, with 84%** of you agreeing with the wisdom of don’t try to time the market in our poll last month.
We also asked whether the adages ‘sell in May and go away’, ‘don’t fight the fed’ or ‘my bond allocation should match my age’ rung true, but ‘don’t try to time the market’ was the overwhelming favourite**.
*Source: Fidelity, January 2016, using the FTSE All Share
**Results based on feedback from 75 FundCalibre visitors from 01/09/16 – 30/09/16