How Should We Respond to a Low Return World?

"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.