GKV Capital Management

Independent Investment Solutions

GKV Capital Management is a fee-only registered advisory firm in operation since 1975. We manage separate accounts for families, charities and companies. As an independent portfolio management firm making direct investments on our clients’ behalf, GKV Capital has the flexibility and expertise to respond to the changing investment environment to reduce risk and grow wealth.

Quarter Review

December 2015 Quarter Review
December 2015 Quarter Review

We find it difficult to project much earnings growth for corporate America in 2016. Last year the earnings per share of the S&P 500 companies declined versus 2014. This year Wall Street is projecting 10% plus growth but we think these numbers are too optimistic and will not materialize. Consequently, stock prices may end 2016 with little to no price appreciation. If the “correction” goes far enough we may likely find some attractive opportunities this year despite our mixed outlook for the overall economy. In our present portfolio asset allocation we are maintaining only modest equity positions and significant cash reserves. We believe there exists a good possibility of outperforming the stock market averages in 2016 for our clients with a timely increase in our stock market allocation later this year.

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