End of Quarter Friday …Newsletter … Away from Home

Break In — Deja Vu — Due to a user error (me– actually surprised this has not occurred before), you may have noticed this post early … That’s ok, its worth a twice read..haha

Today is the last day of the quarter. Wow that went fast !

Good News – Next Week Starts the historically best Quarter of the Year– Yeaaa

Bad News– We have to get through October first, which has “Historically” been one of the most volatile months of the year !

Just steps for steppers !!!

Newsletter Preview16q4slider

Our Newsletter has been sent to the presses… literally – We have a new outsourcing service that does a fantastic job printing and folding our Newsletter…. much to Cathy’s happiness and also allowing our editor Kathy, free color creativity and usage.

As noted in the parting shots, our editor suggested we go with a Vault theme. We liked it so much, it dominated the Newsletter, but we think it very worth the type time and your reading.

We hope you enjoy as it will be arriving in your mailbox soon, and a full video review here as well!

Travels

Today I am out of the office (and state) on a terrific trip to visit friends/clients and even take in a sporting event (believe it or not… it’s not tennis this time..haha)

Today is a Friday, enjoy … have a Super day, and Terrific weekend!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

Cyber Security Updates … New Tactics Update Again !

Last week Donald “The Brain” attended a half day update on the latest Cyber Security breach tactics. cyber-reg-pic

Latest Tactics and Safety Recommendations

  • Wifi Virus- Do not use ANY free Wifi if possible – We know it is not always possible to avoid, but tether your phone if that option is available
  • Free Apps- These are becoming more plagued with virus’ – You get what you pay for- be careful
  • Smart Appliances- Virus carrying that can affect your home network

An ahaa moment occurred when Donald explained how the first item above works. People are sitting at airports and naming their personal network “ABC Free Wifi” and after an unsuspected connection occurs, all data is open along with your password and log ins.

A family meeting occurred on the second point and all unused apps were destroyed along with an agreement for a review before any new apps are downloaded. Be fearful of small, unknown apps the most.

During the seminar an example was also given of a refrigerator somehow contracting a virus and spreading it to the families home network.

Best Recommendation

The best way to attempt to avoid many of these items are to just keep it front of mind. We are not asking you to be paranoid… technology is fun and SUPER helpful with our daily lives. With all the neat connectivity, flexibility and control, abuse is certain to occur.

With a little forward thinking and caution, we can all navigate our way through these waters safely.

Have a Great “Cyber Safe” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

Janet/FOMC Pause on Rates, Markets Cheer

Not surprisingly, Janet Yellen and the gang at the FOMC (Federal Open Market Committee) hit the pause button last week on an interest rate increase.

No Rate Increase

Basically the FOMC is signaling no rate increase before the election. As strong of a conviction (huge review) that we have for a rate increase, we are fine with a delay given the coming election (first debate tonight.)

Capital Markets Pleased

Treasury Yields (rates) Down Bonds Up, Equities Up, Utilities (rate sensitive) Up

9-23-16-10-year-yield9-23-16-sp-5009-23-16-utilities

We were slightly surprised by the overzealous capital market reactions!

Have a Great Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

We are not ignoring….New spam filter…Travels…Fall Friday

With a fancy new spam filter set up, we are occasionally finding client emails in our Quarantined folder, however as we white list it will come immediately through our system.

If you’ve emailed us and not heard back, please email us again as we may have missed it in the fancy new spam folder. In the very short term we should have everybody white listed and all will be well again… ahhh  the perils of the new spam filter with no white listed emails.

Double Travels Next Weektravels

After a quick one day turnaround trip on Monday, late in the week a second trip is on the books.

It’s all good……. but that’s next week, and today is a Friday, enjoy your weekend and you know the drill … be sure to spend time  with those special in your life!

Hope you enjoyed the first week of fall! Cooler temps..colors on the trees….fall is in the air…

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.
www.jkfinancialinc.com
www.street-cents.com

 

Wages Rebound… FINALLY… Great news for the Economy

An annual Census Bureau report showed stunning results in consumer wage growth.

Wages Rebound

This chart from the Census Bureau report shows it all, as overall incomes increased a whopping 5.2%

2015-wage-growth-census-report

5.2% That’s Huge!

Two thirds of our economy (Gross Domestic Production) is consumer spending related.

A 5%+ increase on over two thirds of the economic spending and growth is good news.

More Income, More savings

Personal Savings Rate

9-18-16-personal-savings-rate-fredgraph

Happier

Consumer Sentiment on the rebound

9-18-16-michigan-consumer-sentiment

Less Debt

Household debt as a % of GDP

9-18-16-household-debt-to-gdp

Spend More

Recall here our notation of the growth in GDP…

8-26-16 GDP Graph Econoday

Great news for the economy!

Have a better Economy day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

How hard was it to get a TSA Pre-Boarding approval? Our story

Those following our posts earlier this year may have noticed an increase in travels, especially during the first quarter of 2016. Several times it was VERY close as the lines were long and time tight. This picture is from a recent trip, recording the lengthy line in our most commonly used airport!20160908_123258794_ios

Last week, after a 5 minute interview and an approximate 10 minute wait in the lobby, the gun wearing customs agent announce…

“You have just been approved for Global TSA pre-check! A card will be mailed to you in a few weeks, but your known traveler number is ready to use.”

Hooray!

Here is the US Customs website, here is the TSA website, but before you sign up….read on!

How Difficult was the Process?

Not knowing just how tedious the process would be, expectations were low. First a couple of items worth mentioning.

Global TSA versus TSA (Transportation Security Administration)

Global costs $100 for five years and TSA is $80- Global gets you TSA automatically, TSA does not get your global. Global allows you fast track passage through international travel BUT Global TSA requires an interview at limited locations. Fortunately a location is near our residence.

Also worth noting, Global scheduled interviews are full for months in advance. Walk-ins are welcome, but are completed as time allows around the scheduled appointments. TSA has various and more numerous interview locations. Through word of mouth of others, TSA seems to be faster process.

One last item, Global requires you have a passport, TSA does not.

Our Family Time Line Process

After deciding we wanted the entire family to be able to have the option of Global TSA, here is our time line-

Passports – yaya, none of us  had one- We had a tough time with Dallas scheduling and found relief in a neighboring state on family travel.  Ten days turn around from the time of submission — NICE – Cost about $125 per person – tedious application and picture process, understandably due to world events (Copies already saved in our New Personal Vault and used several times for proof of birthdates for tennis tournaments)

GOESGlobal Online Enrollment System – One week of processing for approval three weeks delayed to get a scheduled appointment – Cost $100 – Easy process to complete application and interview

Good News- due to a sudden (scheduled last week) out of town, FAST turn around appointment with a very small window to make the return flight… the first TSA use may be handy and comforting. At least at this point, overcoming the hurdles and costs seems worth it!

Bad News – We were informed by the custom agent during our interview that our 8 and 11 year old ALSO need a pass, not just a passport, and would not be allowed to fast travel with us … rats…

Conclusion

If you think you might travel out of the country (recall Canada and Mexico need passports now) soon, go with the Global. If you have no intentions, regular TSA will do the trick.

Have patience, the process is time consuming, but for all of our protection!

Have a Great “Fast Traveling” day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

Fire Stoked with Debate Post – Census Report Showing Wage Improvement

Thanks a ton for the great questions, comments and emphatic statements to our Wednesday “Coming Political Debate” post … We know a lightening rod when we post .. well… ah…  when we hear such a great response from you, and we thank you !

Census Bureau Report Shows Improving Wagescensus-logo

We love the US Government Agency Reports, and especially ones that may shed light on the economy and the US labor force. This week the Census Bureau released an Annual Review of 2015 which may explain some of the better acting capital markets. We plan on discussing more next week along with a few other nuggets that may be helpful.

Here is a taste from the report ….

….Real median household income increased by 5.2 percent between 2014 and 2015…!

5.2 % NICE !!!!

That is next week, and this is a Friday…enjoy your day and your weekend !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com