There are a number of cliches when it comes to investing, many of them considered to be "truths." Today, we look at three of them - what's true, and what's not.
Buy Low and Sell High
While this is mostly true, it doesn't mean try to time the markets. Quite the opposite - it means to stay invested. Alex Cabot explains.
Cash is King
This cliche is thrown around all the time, especially in down markets. While it's important to have a cash reserve, being too conservative can have a very high opportunity cost, causing you to lose a large amount of potential returns. Ed Lambert dives deeper.
Sell in May and Go Away
This is something Alex heard when he first started in the financial industry. The theory is that the market is more volatile in the summer. But Alex dove into the numbers, and he explains what he found.
Resources:
Birch Run Financial Website: https://www.raymondjames.com/birchrunfinancial/
Email Birch Run Financial: info@birchrunfinancial.com
Call Birch Run at 484-395-2190