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Since the beginning of the year:
- Global stocks are down 15.11%
- Treasury bills fell to a yield of 0.09%
- Gold is up 4.07%
- Lead is up 32.75%
Significance:
Continued volatility has been met by low and non-correlated assets performing more customarily than in the expansive downturn of late 2008. Proper
diversification has proven vital to success in the beginning months of 2009.
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In Basketball and Investing, Strategy Wins the Game
By Jonathan Citrin – Founder and CEO, CitrinGroup
How do you gauge success? In sports, numbers and statistics have always been king; we judge professional athletes primarily based on a few familiar and
well-established numerical guidelines. Points per game, batting average, and rushing yards have long occupied our attention and respect. Similar to
investing, statistics in sports serve as the universally agreed-upon metrics used to coax order out of mayhem, occupying a place of prominence in the
hearts and minds of spectators and fans everywhere.
Read more…
Dollars and Sense
- Dow Jones Industrial Average – A stock index that was created by Charles Dow in the 19th century. Though widely recognized, the Dow is not an
accurate indicator of the U.S. economy or even the stock market. In fact, the Dow only measures 30 companies that are subjectively picked by editors of the
Wall Street Journal. Moreover, it is a price-weighted average, giving higher-priced stocks much more impact than lower-priced stocks.
- Bailout – An act of loaning or giving capital to a failing business in order to save it from bankruptcy, insolvency, or total
liquidation and ruin. Previously, the largest government bailout occurred during the Great Depression when the government loaned nearly $10.5 billion. In
today's dollars, this equals just over $150 billion.
- In 1960, the now infamous conman Bernie Madoff founded his company, Bernard L. Madoff Investment Securities, as a penny stock trader with the $5,000 he
had earned working as a lifeguard. As his firm grew, Madoff began using innovative computer information technology to disseminate its quotes, leading Madoff
to found the NASDAQ in 1971 where he later served as Chairman of the Board of Directors. At the time, he was viewed as a pioneer in the industry; no one knowing
what terrible, filthy things he was capable of.
CitrinGroup Making News
Recently, Jonathan Citrin was featured in a Crain's Detroit Business special section article on finance. To view the article in its entirety, please
click here.
CitrinGroup will host a complimentary seminar on Thursday, April 2 at 8 a.m. The topic is Rethinking Retirement: Turbulent Times, Smart Investment
Solutions. To learn more or to RSVP, please click here.
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CitrinGroup's Referrals for Charity program leverages the foundation of its business — client referrals —
to benefit organizations dedicated to the advancement of the local community. CitrinGroup will donate $100 to a non-profit organization of the client's
choosing for every new qualified referral that becomes
a client. |
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CitrinGroup | 280 N Old Woodward, Suite 206 | Birmingham, MI 48009 |
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© 2004-2010 The Citrin Group, LLC. All Rights Reserved. CitrinGroup is a registered trademark of The Citrin Group, LLC. The Citrin Group, LLC is an investment advisor registered with the US Securities and Exchange Commission (notice filing in the State of Michigan). Charles Schwab & Co., Inc., has been selected as The Citrin Group, LLC’s primary custodian.
CitrinGroup does not offer tax or legal advice. Past performance is not a guarantee of future results. Account data and reports are not a substitute for monthly statements and may not match the exact information on those statements. CitrinGroup urges clients to compare the account statements they receive from the custodian with those they receive from the advisor.
It is important that you do not solely use email and/or fax to request, authorize or effect any transactions. This correspondence and any attachment are intended for use only by the addressee and may contain confidential and/or legally privileged material. Any review, re-transmission, dissemination, copying, or other use of this email and/or attachments by persons or entities other than the intended recipient is prohibited. If you receive this transmission in error, contact the sender immediately, delete the original and destroy any printout or copy you retain.
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Get Started
Have CitrinGroup contact you directly to get started achieving your financial goals.
Speak with an Associate
Call (248) 569-1100
9am to 4pm EST
Monday thru Friday
Interact with CitrinGroup
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