Thursday, June 16, 2011

Best Investment Move? Take the Summer Off

A few months ago things seemed to be looking up. What happened? According to a new CNN/Opinion Research poll, roughly five out of ten respondents expect 25% unemployment within a year. Widespread bank failures. Millions of Americans without food or shelter. In short, another Great Depression!

Given the public mood, maybe "Sell in May and go away" was this spring's best investment idea. Long-term investors don't even need to sell. Just grab their nest eggs and go cruise for the summer. The world and its worries will still be here when they return in the fall.

Chase Manhattan ad, 1961

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