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Since the beginning of the year:
- S&P 500 is up 4.00%
- Treasury bills rose to a yield of 0.14%
- Gold is up 11.99%
- Lead is up 63.03%
Significance:
While some may be eager to predict the end of the downturn and go heavy into stocks, the recent success of the
equity market has been damaged by continued high levels of volatility. Maintaining a consistent, unbiased asset
allocation is vital in turbulent economic times.
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Finger on the Pulse
The CitrinGroup YouTube channel currently features Jonathan Citrin discussing how to choose an investment advisor.
To watch the video, please
click here.
Dollars and Sense
- Shadow Banking System – Institutions that function as the intermediary between an investor and a
borrower. Shadowing banking institutions, such as Lehman Brothers or Bear Stearns, lend investor money upfront and
profit from borrower interest. When short-term investments in liquid markets, such as the housing market, declined,
these institutions struggled to repay investors, and thus contributed to what is now being referred to as the
worst financial crisis since the Depression.
- Troubled Asset Relief Program or TARP – A United States' governmental program established in 2008
that purchases assets and equity from financial institutions for the purpose of strengthening bank lending
potential and, consequently, the economy. The initiative was instated primarily to mitigate the negative impact of
rising subprime mortgage defaults.
- Standard & Poor's stock index was initially introduced in 1923 as an index to monitor the general rise and
fall of the nation's largest actively traded companies. On October 11, 2007, the present day S&P 500 set its
intra-day record of 1,576.09.
CitrinGroup Making News
CitrinGroup was most recently featured in the Detroit Free Press on May 31, 2009. The article profiles the firm's
process-oriented portfolio management system that strives to remove individual bias and utilizes historical data.
To read the article in its entirety, please
click here.
Jonathan Citrin and attorney Ronald Sollish, shareholder at Southfield-based Maddin, Hauser, Wartell, Roth &
Heller, P.C., will be hosting a complimentary breakfast seminar addressing the unique financial and organizational needs of
foundations on July 14, 2009. To reserve your spot or to learn more, please click here.
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Interact with CitrinGroup via the following social media channels:
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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.
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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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