Harold and His Writings

On occasion I’ve had a client respond to my belief that investment returns will be relatively modest with, “But I need X%!” As tactfully as I can, I respond, “The markets don’t give a damn.” Tough medicine, but planning on reality is likely to be a lot safer than planning on the pot of gold at the end of the rainbow.

In a December interview, Evensky disclosed that he’s been working on a new book “for the public,” though he’s quick to say that “‘working’ is an exaggeration.” The format of the book, which he hopes to finish this year, will be “fairly simple, with decent stories” following the One-Minute Manager’s approach to delivering pithy, helpful advice. “This isn’t Suze Orman,” he pointedly said. His motivation? “We’re living in a long-term, low-return environment,” so for consumers, “a little bit of attention to your money can have such a big effect on the quality of your life.”