Meaning of buy when it snows, sell when it goes | Babel Free
Definitions
Stock market securities can be expected to increase in value to a greater degree in the cold winter months from November through April than in the warm months from May through October, and profit-minded investors should manage their portfolios accordingly.
Canada, Northern, US
Examples
“There is a phenomenon in stock market investment known as "seasonality." In Canada we sometimes summarize it with the epithet "Buy when it snows, sell when it goes."”
“Most years, he says, investors can make money by simply holding broad indices, such as the S&P 500 and Canada's S&P/TSX Composite, from Oct. 28 to May 5, when they tend to make most of their gains, and then selling. If that's too hard to remember, Vialoux has a handy catch phrase: “Buy when it snows! Sell when it goes!””
“According to Carlo R. Besenius, CEO of Creative Global Investments in Luxembourg, the trade, known as "buy when it snows, sell when it goes," was profitable in 53 of the past 61 periods. In a recent note, he pointed out that Munich, Geneva, Luxembourg, and Calgary had their first snowfall on Sunday, Oct. 28. He credits annual recurring events such as transactions for tax purposes and the holidays, among others.”
CEFR level
C2
Mastery
This word is part of the CEFR C2 vocabulary — mastery level.
This word is part of the CEFR C2 vocabulary — mastery level.