This acclaimed wealth manager doesn't see an imminent recession, but is making one surprising investment choice just in case

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Brian Pfeifler of Morgan Stanley says recessions are big opportunities for some companies, and investors shouldn't be too afraid of those downturns.

for almost its entire 10-year run, but one of the top wealth advisers in the country says there's not that much cause for concern.

He doesn't expect one in 2019, and said the long-predicted recession might not come next year, either. That makes recessions a real opportunity for those companies. He says that investors who make stay patient and don't sell at a loss are likely to benefit, so they shouldn't abandon a stock just because a recession drives down its price.

 

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This top-ranked wealth manager for the ultrarich rarely trades stocks, even when the market is in turmoil. Here's why.Acclaimed wealth manager Brian Pfeifler of Morgan Stanley lays out what young investors can learn from his choice to rarely trade the stocks he buys.
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