Friday 13th – unlucky for investors?

12 May 2016
 

This Friday sees the only Friday 13th of 2016 – a day which instils fear in the resolutely superstitious. Indeed many change their patterns of behaviour on this date, refusing to take flights, avoiding black cats and side-stepping ladders in fear of inciting bad luck and misfortune. A 1993 study published by the British Medical Journal found that traffic volumes on the southern section of the M25 were consistently lower on this date compared to normal Fridays. Trepidation of the stock market on this date was portrayed in the 1907 novel Friday the Thirteenth by eccentric stockbroker Thomas Lawson detailing an evil business’s attempts to crash the stock market on the unluckiest day of the year.

So should those of a superstitious disposition worry about what bodes for their investments this Friday? Leading investment group Tilney Bestinvest has delved into the returns on the FTSE 100 Index for every Friday the 13th over the past 20 years to see if there is any malevolent trend.

Jason Hollands, Managing Director at Tilney Bestinvest, commented on the findings:

“From an investment perspective, rest assured that Friday 13th is no different from any other Friday – so panic over. The data highlights that over a twenty year time span there is an even split of positive (51%) and negative (49%) returns on this date. However, for those determined to find sinister forces at work, since 2010, 73% of the time there has been a negative return on the FTSE 100 Index on Friday 13th - but looking at eleven days does not have reliable statistical significance.”

“In any case, if you are a long-term investor daily jitters in the markets are frankly irrelevant and actually a sudden slide would be a rather lucky day for those who happen to be investing new money. On Friday, you may still wish to keep a hold of a rabbit’s foot and treat mirrors with extra care, but it really shouldn’t be a day to avoid the stock markets.”

*Market data for past Friday 13th’s:

Dates of past Friday 13ths

FTSE 100 TR

13/09/1996

0.9

13/12/1996

-0.46

13/06/1997

0.54

13/02/1998

0.54

13/03/1998

-0.22

13/11/1998

0.26

13/08/1999

1.49

13/10/2000

1.27

13/04/2001

0.37

13/07/2001

1.01

13/09/2002

-1.88

13/12/2002

-1.45

13/06/2003

-0.65

13/02/2004

0.78

13/08/2004

-0.61

13/05/2005

-0.14

13/01/2006

-0.42

13/10/2006

0.59

13/04/2007

0.72

13/07/2007

0.28

13/06/2008

0.21

13/02/2009

-0.3

13/03/2009

1.12

13/11/2009

0.38

13/08/2010

0.18

13/05/2011

-0.32

13/01/2012

-0.46

13/04/2012

-1.03

13/07/2012

1.03

13/09/2013

-0.08

13/12/2013

-0.08

12/06/2014

-0.95

13/02/2015

0.67

13/03/2015

-0.3

13/11/2015

-0.98

Source: Tilney Bestinvest

 

Important information

The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested.  This press release is not advice to invest or to use our services. Past performance is not a guide to future performance.

 

Press contacts:

Jason Hollands
0207 189 9919 / 07768 661382
jason.hollands@tilneybestinvest.co.uk

Gillian Kyle
0203 818 6846 / 07989 650 604
gillian.kyle@tilneybestinvest.co.uk


About Tilney

Tilney is a leading investment and financial planning group that builds on a heritage of more than 180 years.  Our clients are private investors, charities and professional intermediaries who trust us with over £23 billion of their assets. We offer a range of services including financial planning, investment management and advice and, through our Bestinvest service, a leading online platform for those who prefer to manage their own investments.

We have won numerous awards. Tilney has been awarded Best Conventional Advisory Service at the 2018 City of London Wealth Management Awards, Best Advisory Service in the 2015 City of London Wealth Management Awards; Investment Award – Cautious category in the Private Asset Management Awards; and Stockbroker of the Year, Execution-only Stockbroker of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. Bestinvest was voted Best SIPP Provider and Best Fund Platform at the 2017 City of London Wealth Management Awards, Best Direct SIPP Provider at the YourMoney.com Awards 2017, Best Stocks & Shares ISA Provider at the 2017 Shares Awards, as well as Best Self Select ISA Provider, Best Online/Execution-only Stockbroker and Best Investment Platform 2017 at the FT and Investors Chronicle Investment and Wealth Management Awards, as voted by readers of the FT and Investors Chronicle.

Headquartered in Mayfair, London, the Tilney Group employs over 1,000 staff across our network of 30 offices, enabling us to support clients with a local service throughout the UK.