"Sell in May and Go Away" has been a Wall Street motto for decades due to the historically lackluster performance of the market in the six months between June and November. However, for those mavericks who like to play the market during the "go away" months, top columnists at TheStreet's June Trading Strategies roundtable offered up advice for investing in June.
Here's a look at our panel's best tips for the month:
- Stocks expert Stephen "Sarge" Guilfoyle. "I would definitely have some downside protection, whether you do it through buying puts or or hedging different equities or debt products. [And] I think you definitely need gold."
- Fixed-income columnist Peter Tchir. "[If] you own some FANG [Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) and Google (GOOGL) ] stocks, you own some dividend stocks, you own some Treasuries and everything's working nicely, [then] I would say: 'What could go wrong with that?' and start looking for either what's overvalued [or] what has been moving in the same direction. ... I might not want to own these stocks that can allegedly do anything but go up."
- Foreign-exchange expert Douglas Borthwick. "Stay short the dollar vs. anyone who has a trade surplus in the United States -- that's against Canada, against Japan, against Mexico [and] certainly against the euro. At the same time, I don't like a directional portfolio. I'd much rather a long/short portfolio."
- Precious-Metals columnist David Yoe Williams. "You should buy some gold. You should take some profits off the table if you have equities. I think now is the time to get prepared because if we get to the fall and you get to certain political events -- the debt ceiling raised and different things that can happen -- I think you might lose an opportunity."
Click below to check out more from our June Trading Strategies special report:
What's Hot on TheStreet
Alibaba lit things up: After a monster run in its stock on the heels of a bullish investor day, Alibaba (BABA) founder Jack Ma saw his net wealth rise $8.5 billion to $41.8 billion. He is Asia's richest man, according to the Bloomberg Billionaires Index.
Why not stay long this tech stock, momentum lives on: Chip-maker Nvidia (NVDA) is the best-performing S&P 500 component this quarter. The stock is up a robust 54% in June as Wall Street has become even more bullish on the company's prospects.
ROBOTS: There really isn't any additional information needed on this one. Softbank Corp. (SFTBY) has struck a deal to pick up Alphabet's (GOOGL) robot-maker Boston Dynamics. TheStreet shows you inside of five seconds what Boston Dynamics does -- it's really cool stuff.
Click here for the latest business headlines.