<b>The Takeaway:</b> Commodity ETFs — the payday lenders of the investment world

Portfolio

Jim O’Neill: Reflections on Japan. (Goldman Sachs Asset Management)

James Osbourne: Commodity ETFs are the Payday Lenders of the Investment World. (Bason Asset Management)

Jack Bogle vs Rob Arnott on fundamentally-weighted indexes. (Globe and Mail)

It’s not easy being a goldbug these days. (Rick Ferri)

The Biz

Securities firms have zero respect for their employees privately and are now looking for ways to violate their personal media accounts. Would love to see a First Amendment case play out before the Supreme Court someday. (WSJ)

Be very afraid when they start touting alternative investments with “bond-like” properties. (Investment News)

Why is the Financial Times launching a magazine just for the RIA channel? (My guess is because they think they can sell ads with it, but shhhhhh) (RIA Biz)

Ever hear the one about the broker who impersonates his own clients over the phone? (Broke and Broker)

“48% of Boomers who work with a financial professional are very or extremely confident with their financial preparations for retirement, compared to only 28% of those putting together their own plans. ” (Financial Planning)

Outliers

Too Big To Fail update – you have no idea. (The Reformed Broker)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.