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"Go away in May."

renman95renman95 Posts: 7,037 ✭✭✭✭✭
I decided to follow that adage this year. So on Monday I sold equities and am now more than 95% cash. I was around 50% equities before Monday's sell. It's been an unbelievable run since March 2009.

Seeing no real difference in fundamentals, no big follow through on OBL takeout, foreign gov'ts buying gold and selling dollars, QE2 ending in June, etc...etc...I decided to have a less stressed summer. I will still eye the metals though. Especially silver.

r95

Comments

  • smallchangesmallchange Posts: 194 ✭✭✭
    Yep, right there with you. I never really had more than half in stocks, but it feels good to be out.

    Jim
    Successful BST transactions with lkenefic, AnkurJ, ajia, stephunter, No lawyer
  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
    "Sell the first of May, and walk away."
    image
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    Comrade, I am proud of you for being smart!image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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