This top-ranked wealth manager for the ultrarich rarely trades stocks, even when the market is in turmoil. Here's why.

Here is how Pfeifler, who manages $11.9 billion in assets, explains his the thinking behind his low-trade approach:Pfeifler, 51, says he finds that as his career his gone on, he's become far more patient and focused on the future. He wants to make the right call the first time, and says that in an ideal world, he might make even fewer moves.

If you're a younger investor or simply not wealthy, you might think Pfeifler's experience doesn't apply to your situation. But he disagrees, noting that if the stock market generates a 7% annual return — around its historic average — an investor in an index fund thatWhile it's always tempting to think about making dynamic trades that clobber the rest of the market — like getting in and getting out at exactly the right time — Pfeifler preaches caution.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Markets Right Now: Solid gains for stocks in early tradingGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news. “banks and media companies move higher” Prophetic....pride comes before the fall. MAGA! Thanks President Trump! I’ve never been Richer hahahahahahahaha hahahahahahahaha I love it. Fuck you aoc
Fuente: ABC - 🏆 471. / 51 Leer más »

Cramer: Boeing, Nike, Apple, other stocks illustrate the resiliency of this stock marketJim Cramer breaks down the latest action on Wall street and explains why certain stocks have risen when analysts said they would fall. Which means they’ll soon tank, given his record.
Fuente: CNBC - 🏆 12. / 72 Leer más »