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.
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