Optimism that growth will accelerate in the second half of 2013 propelled the stock market higher in the third quarter. U.S. gross domestic product grew a meager 1.1% in the first quarter and accelerated to 2.5% in the second. The third and fourth quarters are forecast by most economists to improve from these levels.
Protecting Our Clients
We at GKV Capital Management are passionate about what we do. As registered investment advisors, we strive to make sure you have the resources to pursue your passions; now and in retirement. We build separately managed portfolios with direct investment in individual securities to meet each client’s specific needs. The firm has been managing investment assets for more than 35 years providing expertise in stocks, bonds, derivatives, and real estate partnerships. Our total investment performance over the last 5 years has been positive despite the tumultuous equity markets and the performance of our stock selection is well ahead of the S&P 500 for the last 10 years. We manage assets to address the current economic environment without depending on mutual funds or a buy and hold strategy.
GKV Financial Market Commentary
The voice through the phone asks, “Why don’t we sell everything and go to cash for the rest of the year?” It’s always the seemingly simple questions that are the most difficult to answer. The question is a good one, and came to us the other day from a client with a considerable background on Wall Street in their own right. The gains in the stock market in 2013 are beyond our expectations.