Russ Garrow's update on Garrow Inaugural

2009 was a year of extreme volatility and unexpected turns. As we watched the Dow plummet in March, and then move erratically up and down for the remainder of the year, it appears as if more people have gotten ill watching the ‘roller coaster’ than have made money. Over 140 financial institutions failed, as the ‘watch list’ of vulnerable banks swelled to over 520.  The Federal Reserve’s balance sheet is in excess of $2.45 trillion, while we have experienced other history making events in the marketplace.  

Although challenging, the year has also been abundant with opportunities.  Garrow Inaugural has been cautious and opportunistic in its investments.  We are not large enough, yet, to not have to deal with banks, so we have been forced to wade through their bureaucracy and indecisiveness.  These dealings have often tested our patience, investment discipline, and stretched our tolerance for overly long decision making periods and placement times for our investments. You, as investors, can take comfort in the fact that we did not waver from our investment discipline or become impatient. Instead, we are leveraging relationships with the FDIC, Federal Reserve Bank, depository financial institutions, developers, builders, real estate professionals and equity partners to preserve assets first, and chase investment result second.  Our investments have allowed us to showcase our talent of determining the difference between a ‘deal’ from an opportunity for active and risk-adjusted return.

Garrow Inaugural investors can rely on our fundamentals of seeking a premium on investment dollars, enjoying significant stakes in equity ownership and operating income, as well as our insight into investments that have substantial appreciation probability.  These are showcased in our placements to date and will set the standard for what we are known for.

While this year holds an equal amount of volatility along with unexpected twists and turns, we are not disheartened. Rather, we are excited about the opportunities ahead and remain committed to preserving your investment resources and getting you involved prudently.

To our continued success together,

Russ