Don’t sell in May this year – the market is telling you it’s time to be long

Investment lore has it that you should “sell in May, go away, come back on St Leger Day”. That may have worked in the past. But not now, says Dominic Frisby. Here's why.

190501-sell-in-may

Markets don't go on holiday like they used to

It's 1 May, so, according to some investment lore, we should be selling our holdings and looking to come back on St Leger Day (that's the second week of September, if you're not a follower of horse racing).

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby