As we welcome November, we are now just left with two months into the year and before we know it, we will be welcoming the year 2020. What does this mean for the local market? Well, as we know, the KLCI is still down some 5.5% up to end of Oct this year and remains as one of the worst performing bourses in Asia.
Typically, in investment world, there is this saying that one should “Sell in May and go away”, which basically means that one should lock in their profits in May as market tends to underperform during the summer months. Having sold the equity exposure in May, investors should return to the market in November as this tends to be one of the best investment strategies an investor could deploy based on historical perspective and hence the title of this week’s column.
