<b>The Takeaway:</b> Brokers, you’re not supposed to enable money laundering

Portfolio

Michael Santoli: Uh oh, they’re trotting out the 1982 comparison…  (Yahoo Finance)

Bob Doll on stocks and the economy: He is….wait for it….bullish!  (Investment News)

Paul Singer: Hedge fund benchmarks miss the point.  (Hedge Fund Intelligence)

Stop calling housing a bubble – prices just declined in July.  (Trulia)

The Biz

Schwab’s new “Owning It” campaign and its new focus on advice.  (RIA Biz)

Bob Clark is not so sure the 401(k) is such a no-brainer.  (ThinkAdvisor)

Reminder from Finra: Brokers, you’re not supposed to enable money laundering.  (Dealbreaker)

Hilarious Fidelity survey: “Survey results showed that more than three-quarters (77%) of high-net-worth investors expect to beat or match the market this year”  (Financial Planning)

Outliers

How Zuckerberg went from zero to hero in the course of a year – same as it ever was.  (Howard Lindzon)

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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.

Related Topics: Wealth Management