“There’s no use trying,” she said: “one can’t believe impossible things.”
“I daresay you haven’t had much practice,” said the Queen. “When I was your age, I always did it for half-an-hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.”
– Through the Looking Glass, and What Alice Found There (Lewis Carroll, 1871)
Welcome to the Dog Days of Summer, that heady time when leisure pursuits turn to lazy days at the shore, our senses teased by the fragrance of suntan lotion and ice cream dribbling in tiny rivulets down our chins. Indeed, summer’s that time of year when it feels like all’s well with the world and always will be.
“So what does any of this have to do with investing,” you could rightfully ask. This is an investing site, after all. Bear with us, dear investor, we’ll get you there shortly.
You see, summer for many is vacation time, a time to kick back and enjoy the recompense of making it through winter’s bleakness. Not so, however, for your portfolio. That gets no break; it has to keep working for you for as long as you’re invested in the market. So, to keep you on top of your investing game, we’ve outlined six financial tips and best practices for the summer months. And no, none of them are impossible, and you don’t have to complete them before breakfast.
(1) Sell in May, Then Go Away — Not
(2) Be a Tortoise; You Know What Happened to the Hare
(3) Yearnings for Earnings
(4) Dividend Divination
(5) Harvesting – Not Just for Farmers
(6) Retirement Ruminations