Investors have a hard time accepting that they are in a “very-low-return world for a long time,” Charles de Vaulx of International Value Advisers told Advisor Perspectives. “Some individuals do not want to amend their lifestyle (i.e., save more and consume less) and may not want to be told that at best, the return on their financial assets may be 3 to 5% in the next 10 years, and even less once you adjust for inflation.” He also said its important for advisors to remind clients that they cannot “just equate high economic growth to good stock market performance, particularly with respect to emerging markets.”

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