As we head into the long weekend, it’s gratifying to see my client portfolios, across the board, in resoundingly positive territory, so far in May. Just this month, the TSX is up over +3% and the S&P500, +5.3%. Yesterday we also saw the DOW Industrial Average climb over 40,000 for the first time ever.

You’ve likely heard the expression, “Go away in May”, which is an old (and dare I say annoying) adage that suggests we’re supposed to sell this month, and then wait until November, to buy back in. In some years we have indeed witnessed this period to be weaker than others, however it might interest you to know that the average return for the S&P500 during this timeframe (since 1928), remains positive at +5.3% (annualized: 10.8%)

Here’s another bit of data - the percentage of the time May to October has had positive returns is a resounding +72%, versus the November to April period at +76%.

I know I don’t have to explain the benefits of time in the market versus timing the market, but it’s always a good idea to remember this when we continue to be bombarded with news that would suggest otherwise.

Wishing you all a great long weekend,

Libby

As a reminder, I am always happy to take referrals. A second opinion and fresh perspective costs nothing and can be invaluable for those who feel they’re not getting the care and attention (not to mention performance) they deserve. Please get in touch today!

 

 

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