Disruptive or Innovative – Tesla Part 1

From our friends at Visual Capitalist …

This three part series is just too good to pass up … we will present the other two parts soon …

Even if you do not care for Elon Musk and his ideas, it’s hard not to admit he has effectuated changes that will be with us for some time!

Tesla Part 1

Tesla Part 1 -origin-story-tesla-infographic

Have a Good “Innovative” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

They are back … The Fraudsters that is !

This time garners the most important financial forms of the year flowing through the system … of course we are speaking of Tax Forms! (W-2, 1099, etc …..)

Tax Time = Fraudster Timethief

This week we fielded two and 1/2 possible fraud attempts. We are giving 1/2 to a email that we are not certain was fraud … No Matter.

Keep your guards up!

Last year we had double digit numbers of fraud during this season… the thing is, we did not see fraud until much later in the season. They may be starting earlier this year.

For the record, there has been no money lost on any of our known fraud attempts… we hope this never changes…. Stay Vigilant !

Happy Friday .. Enjoy Your Weekend ! Talk to you next week…

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

Two Great New Total Vault Time Saving Experiences – Passport and Medical Card

Over the last month during two separate traveling trips with the 13 year old, we had great time saving experiences.

Vault Saves the Day Twice

During the afore mentioned Orange Bowl Tennis Tournament. A far journey into a distant state that commenced with a need to show identification in order to play … passport-2642170__340

As we neared the check in table, our hearts sunk …. We did not bring a Passport … Quick thinking and a fast log in via a cell phone to our family New Total Vault .. The passport picture was glowing on the front of the phone by the time we got to the front of the check in line.

Not only did it work perfectly but the official said to us “Wow, that’s clever a good way not lose your Passport!” Little did he know !

Next Up — Vault Finds the Medical Card

Over the Christmas Holidays, the same 13 year old ended up very sick, just as we hit a remote town on Christmas eve. After a lengthy search it was determined that the Medical card for the 13 year old had been left back at home, 600 miles away ….

Within a few minutes, the family New Total Vault had been opened and the correct Medical Card in view.  (A future post- but worth mention, our first remote Dr. appointment occurred via a Facetime session during this Christmas eve remote town illness)

Vault Checklist — From Your Vault

Here is a little list of neat items we might want in our New Total Vault:

Legal Documents □ Wills □ Deeds □ Revocable & Irrevocable Trusts □Power of Attorney □ Codicils (Supplements made to a Will) □Living Wills/Health Directives □Prenuptial Agreements □ Buy/Sell Agreements □ Contracts Social Security and/or Veteran’s Administration Info Insurance Policies (Life, LTD, Disability, Medical, Car, Property) Medical Records Bank & Investment Statements □Pensions, IRAs, Annuities etc. □Investment Accounts □Stock Options/Certificates Liabilities □List of Credit Cards with contact information □ Mortgages □Loans Taxes □Tax Returns □ W-2 Forms Identification □ Birth Certificates □ Drivers Licenses □Passports Family □ Adoption Papers □ Marriage License □Pictures □ Audio Files □ Video Clips Property □Titles to Homes, Autos, Boats, etc. □ Warranties Employment Benefits

Have a Great “Gotcha Covered With Your New Total Vault” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.


Custody Rules Adjustments … BDay wish Thanks… Flu … Holiday MLK Weekend

Custody … A simple word that means a lot in investing.

We do not Custody Your $$$

As a firm we do not take custody of client assets. Not that this is a bad thing, but we choose not to custody assets for reasons beyond the importance of this post.

New rules have gone into effect, that we will of course follow, in order for us to continue NOT TAKING CUSTODY of client assets.

Here are the minor changes affecting us:

  • We can no longer change your address of record for you electronically – we can change via a simple signed document or a quick three way call with our back office team – Just a slight bit slower than the other way – step for steppers!
  • Dormant Standing Letter of Authorizations (SLOA’s) to wire/link transfer money to other accounts have been removed – We like this as it is a good clean up the wires that may be straggling out there
  • Annual reminder statement for wires/linking that are on file – Again, Well done… we like this too
  • Not directly related to the Custody Rule, but worth mentioning is a new mandatory notice when funds are wired- this is sent by our custodian as a safety measure each time a non-recurring wire is completed – Again, thumbs up regulators –

We like all of this, but wanted to let you know in advance, especially on the address change as it may result in slightly slower adjustments … all for our collective safety from cyber predators !

Dad’s 90th Birthday Wishes

Thanks so much for all the wonderful wishes for Dad’s 90th birthday …. Honestly, I was VERY cautious of the announcement … being not directly business related …

One of the most enjoyable parts of my job is getting to experience all of life’s events with YOU guys … yes, good and bad … Sometimes I forget you guys enjoy hearing of ours too !

Thanks Again !

Tennis Tournament – Flu

What’s better than a long weekend with an extra long Tennis Tournament … all the family going to a southern town in Texas … hey, even Chacca the dog?tennis-2042723__340

Multiple players, including the 13 year old are fighting the Flu — Wow has this been a tough year … Contact across the country seem to be in the same situation ..

Let’s get well everyone !

MLK Holiday Monday

In honor of Martin Luther King Day, schools, banks, capital markets and our office will be closed …

Have a nice long weekend and Get Well if you feel any bit under the weather !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

Q 1 2018 Newsletter Video Audio Podcast Review By John Kvale

Welcome to our Video and Audio Podcast Review of our Q 1 2018 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.

Click here for direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page

Let’s get going!


Q 1 2018 Newsletter


Medicare – IRMAA – Means testing

In this long overdue article we dig deep into the background of Medicare and the means testing of recent years. IRMAA, Income Related Monthly Adjustment Amount – AKA higher premiums thresh holds are analyzed and presented for 2018.

In the best part of this article we discuss what to do in order to lower your higher means testing Medicare Premiums.

Have We Already Had a Bear Market?

A Bear Market is generally defined as a drop of 20% or greater. In late 2015 – 2016 almost every asset category except the most popular dropped by 20%. In this article we discuss why this may be good news for the future of the current market.

VIX – A Fear Gauge Goes to Sleep

VIX a volatility (fear measure) rises when fear is rampant and slowly drifts lower when fear is absent. Over the last 26 years the VIX index has closed below 10 a total of 9 times. In 2017 this fear index closed below this level 52 times. We warn not to take these placid seas for granted.

First Time Personal Reflections

In this off the cuff article, we give thanks for all the wonderful things we have, what good things have come during the year and a general Thanks To All of YOU our clients and friends.


Ready or not … 2018 here we come!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

Fourth Quarter 2017 Cover Letter Review – Private Policy

Do you recall the last time you went to a movie, maybe even begrudgingly, because expectations were low, but the movie turned out good, making for a wonderful surprise? Starting out the new year of 2017, most, including us had minimal expectations for the year 2017; A bad movie.

What If We Already had a Bear Market?

In our “What if we already had a Bear Market?” article in the coming Q1 2018 Newsletter the early 2016 drops across most asset classes except the more popular ones were 20% to over 30%. While markets don’t usually repeat, they often rhyme, again setting low expectations for the 2017 movie.

Sleepy VIX

Not only did we not start out bad, (Good Movie) but we may have just experienced a generational “Fear-Less” year. In our record breaking low “VIX Fear” article again in our coming Newsletter, a reading less than 10 on the VIX (Volatility/Fear Index) had occurred just 9 times over the last 26 years. Our surprisingly good movie year recorded 53 end of day VIX closings below 10, five times as many as ever recorded. Good movie.

Interest Rates

Post great recession of 2007-2009 most expected the FOMC (Federal Open Market Committee) controlled rates ascent to begin moving back up as they always did through history. Thanks to a stubborn, data watching, Janet Yellen (FOMC Chair) rates have been correctly moved up gradually. The current Federal Funds rate was increased 3 times in 2017, once in December to the targeted level of 1.25-1.5%. Officials are on record for another 3 moves or .75% in the next year, gradually pushing rates nearer their more normal historical levels.

Janet Yellen will be leaving her post next year and we look for her replacement to continue on the transparent, methodical, data watching, path of rate increases that keep market participants personal VIX/Fears in check.

Next Year’s Movie?

Looking into next year’s movie, we think it is healthy to have a conservative view again. We are not predicting or welcoming a bad movie, but just staying vigilant! Good movie or bad, we will be prepared.

In Closing

Your Fourth Quarter 2017 summary is enclosed on the front page of this report we have included our most recent investment allocation from your Investment Policy Statement. This is also the time we attach our Private Policy Statement for the year along with our opportunity to offer our latest ADV filings; Requests for review will be accepted via phone, mail or email, and mailed immediately upon request.

John A. Kvale CFA, CFP


Our Promise to You

As a client of J.K. Financial, Inc., you share both personal and financial information with us.  Your privacy is important to us, and we are dedicated to safeguarding your personal and financial information.

Information Provided by Clients 

In the normal course of doing business, we typically obtain the following non-public personal information about our clients:

  • Personal information regarding our clients’ identity such as name, address and social security number;
  • Information regarding securities transactions effected by us; and
  • Client financial information such as net-worth, assets, income, bank account information and account balances.

How We Manage and Protect Your Personal Information

We do not sell information about current or former clients to third parties, nor is it our practice to disclose such information to third parties unless requested to do so by a client or client representative or, if necessary, in order to process a transaction, service an account or as permitted by law.

In order to protect your personal information, we maintain physical, electronic and procedural safeguards to protect your personal information.  Our Privacy Policy restricts the use of client information and requires that it be held in strict confidence.

Client Notifications

We are required by law to annually provide a notice describing our privacy policy.  In addition, we will inform you promptly if there are changes to our policy.

Please do not hesitate to contact us with questions about this notice.

Happy Birthday … Friday Travels

We usually keep to all business here … well mostly business, an occasional blooper here or there with drop in humor.

Today, on a lighter note to begin the year, I want to wish my dad a Happy Birthday tomorrow!


Ed Kvale 2016

Travels Today

Today we travel back … in the saddle, ready to go next week !

Lot’s to talk about!

See you then!

John A. Kvale CFA, CFP