Economic Perspective - Sell in May and Go Away
By J. David Lewis
It seems I have heard an expression, "Sell in May and Go Away," every spring for most of my adult life. I assume it comes from a belief markets will be turbulent through most summers. For 2010, there certainly has been a good deal of market volatility. The problem with the expression is that selling in May of 2010 would have been too late. The S&P peaked in late April. The markets were far below their peak only a few days into May. The correction was so sharp it would have been almost impossible to avoid selling close to the lowest levels of the summer.
Selling in May of 2009 would have been even worse. Read More. |
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This is our new front desk. At the end of October, we are moving to a new building at Northshore Town Center, 2099 Thunderhead Road, Suite 201, Knoxville, TN 37922. It is about a mile from our current office - just west of Pellissippi Parkway. The space is being completed to fit our needs much better than our current offices. Please stop by for a visit. |
Are You Paying Too Much for Financial Planning and Advice? - CBS MoneyWatch.com
Jane Bryant Quinn has been a well known personal finance authority for many years. Her columns, books and personal appearances are a continual source of reliable advice. This item is particularly useful because it speaks directly to a very important aspect of using professionals for financial advice - the cost you will pay. Sometimes it is incredibly difficult to coax an advisor into revealing a clear, dollars and cents, statement for their services' costs. Only the most basic cost information is generally available. Even that is very difficult to discern from lengthy documents and complex language. Too often, the sales representative, who may appear to be an advisor, doesn't understand the layers of costs involved in selling their company's products. Ms Quinn gives good guidance on learning how much you are paying for help with financial decisions. Read it here. |