Brett Arends’s ROI
Many argue that overall, the average reward for owning stocks during the summer months doesn’t match the risks
“Sell in May, go away, and don’t come back till St. Leger’s Day.”
So goes the old Wall Street rhyme, which advises investors to sit out the stock market over the summer months. Sell your stocks on the last day of April or the first day of May, goes the theory, and keep the money in Treasury bills, or bonds, until September or even October.