May Monthly Newsletter 2018

“Sell in May and go away” is the adage used to avoid the traditional summer seasonal decline in equity markets.  It is likely a take on an old English saying, “Sell in May and go away, and come on back on St. Leger’s Day”, which refers to the custom of aristocrats, merchants and bankers who liked to leave the city of London and go to the country to escape the heat during the summer months.  Sadly, this strategy no longer holds true as not many people have the luxury of escaping to the country for six months these days.  And as my broker said, firstly, trading frequently in most AIM-listed stocks will destroy your long-term returns given their spreads and secondly, even if you do escape, smart phones ensure that you’re always connected so trading never stops.  No rest for the wicked!  Certainly, no rest for our team at SBP as we continue to smash out numerous news releases for our 40 clients.  May 2018 Newsletter

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