SJM - 3 Stocks I'm Not Selling in May
2023-05-14 05:00:00 ET
There's an old market saying, "Sell in May and go away." This refers to the fact that the market tends to underperform more in the summer months than in other parts of the year. While a rhyme like that might be fun to say, it's a terrible strategy to make investing decisions based just on the calendar flipping from one month to the next. Not only does it completely ignore the businesses behind the stocks, but it also leads to short-term capital gains taxes , which can get quite expensive.
With that in mind, three Motley Fool contributors picked businesses that looked worthy of holding onto, even if Wall Street's adage does actually apply this summer. They picked Charles Schwab (NYSE: SCHW) , Airbnb (NASDAQ: ABNB) , and J. M. Smucker (NYSE: SJM) . Read on to find out why, and decide for yourself whether one or more of these stocks may be a good fit for your portfolio.
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3 Stocks I'm Not Selling in May