September is said to be an unlucky month for investment, historically been a bumpy month for stocks ever since the Great Depression in 1929. Since 1929, the Dow Jones has dropped an average of 1.4% in September with last year's September falling 6%. Similar trend can be seen in other stock market indices as well.
Many fund managers are actually mindful of unlucky September and some even move funds from equities to safer bonds temporarily before moving back in few months' time. Trading volume is traditionally also lower than the rest of the year.
I shall use a wait-and-see strategy for this September before investing in my next stock. I shall enter when others are fearful.
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." -- Warren Buffett
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