An
investments analyst has investigated
claims that an investments mantra should no longer be
considered relevant to the modern
stock market .
John Berman, chief investment officer at investments specialists
Santander
Asset Management UK, has ridiculed the idea that it is
financially prudent to sell shares in May and acquire them
again in September following the summer investments lull.
Evaluating the investments adage, Mr Berman said that for
investors, it is as useful as a clotted cream tea.
Explaining this stance, he pointed out that in 2003, 2004 and 2005
the investments market experienced growth between the months in
question.
And he said that the idea of a relaxed summer away from the office
is not something many of today's
City workers would recognise.
Markets are global, highly competitive and pay no heed to the
English summer social season, he asserted.
Earlier this month,
financing expert Jason Hollands of FC Investments also
questioned the validity of the mantra.
In a study from the investments organisation, it was revealed that
70 per cent of summers in the last two decades had seen investments
grow on average.
