"Investors
need to consider the possibility that in a world where guaranteed returns are
historically low, and where traditional sources of future return appear to
offer, at best, well below average prospects – there may not be an investment solution. Like a business, the financial part of life
is all about revenues vs. expenses.
Investors hold all the cards on the issue of expenses. And in today’s environment a meaningful
segment of individuals are facing a reality that they did not anticipate: Their investments may not provide enough of a
return, and the single most valuable investment strategy at their disposal, the
one that will make the difference between living within or above their means –
is their ability and/or willingness to reduce their expenses."
- An excerpt from my latest column at ThinkAdvisor.
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