That’s the well-received adage of Wall Street. Many investors swear by it. But this article takes a different tack. It has charts and tables to argue that “sell in May and go away” is bunk.
In the short run, the day, week or month in which you choose to buy stocks will invariably lead to different returns. This inherent randomness in markets will sometimes work in your favor and other times work against you. But at at the end of the day, it is just noise.
It is the media’s job to promote that noise as a source of entertainment. And it is the job of the long-term investor to ignore it. There is simply no evidence that a particular month is the best or worst time to invest.