Presidents Day Schedule … Traveling … Sneak Peak at New Website

Monday is Presidents Day!

Banks, Capital Markets, Post Offices, Schools as well as our office will be closed.

I am traveling out of the office/state today and will be back Tuesday.

New Web Site in the Works

We are happy to announce we are working on a new website to go with our recent fancy New Total Vault addition……

Here is a sneak Peak:



Have a Great Friday and enjoy the extra long weekend!

Talk to you on Wednesday!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.


A Dallas Texas based fee only


Financial Planning Total Wealth


Management firm.

Forecasts from Canadian Economist Derek Burleton … Trump Policy, US Economy, Rates, US Dollar and Oil Prices

Earlier this month at our “Out West” conference where “The Brain” crashed the party in  32 minutes, we had the opportunity to listen to famed Canadian economist, Derek Burleton.

We greatly enjoy hearing from stately folks outside the borders of the US for several reasons …

  • What exactly do people in their geographic area think of the situation?
  • Receiving differing media reports may lead to a totally different and valuable views.
  • Countries with TOTALLY different governments may have clarity that we may take for granted.

Derek Burleton Forecasts20170202_211041438_ios

Trump policies will likely not make major changes to the economy. Burleton likens economies to air craft carriers that are very hard to turn and only slightly changed by policy.

Given the above fact, in the short term, Burleton thinks the capital markets could be due for disappointment, as the markets may be pricing in too much optimism currently.

Rates will rise twice in 2017 and again in 2018. Interestingly the fed has said three times this year and recently are saying even more lately….

US Dollar and Oil are both at near term (12 month) highs.

We like the forecasts as a vote of calmness and reasonable expectations. Thanks Derek… we will be watching as this unfolds.

John A. Kvale CFA, CFP

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

Dozen Cranes a reminder of length of Economic Cycle

Recently while enjoying a 4.5 mile walk on a trail nearby (Katy Trail) the financial wheels began to turn.

Just how many cranes are there on this walk?

At the turn around point, the camera was out and snapping away. Several people inquired, which led to a guess of just how many Cranes were in the sky …. 9 was the highest guess… NOPE!

Nerds… we know …if the shoe fits!

Dozen Cranes in 4.5 Miles20170211_173701000_ios

While there are only 9 cranes showing from the shots taken during the walk, this is only because we could not put all 12 on the photo app.

This stroll is a regular favorite. Two years ago there were only a couple of cranes in the sky. Not even noticeable.

Two years prior to that there were none. Noticeable due to the absence.

Economic cycles do not die of old age, thank goodness. But unless “This time is different!” …we are long in the tooth in this cycle.

Maybe we will get to 14….. 15 or even 20 … sure hope so !

Actions are different in early cycle recoveries than late …. Always keeping our guard up!

Have a Great “Nerd Observation” Day!

John A. Kvale CFA, CFP

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

Tax and Tax Forms Update, Missing Basis Reminder ….Tax Fraud Update….

While the IRS mandated earlier reporting of W-2’s from employers (End of January versus February) there has been no change on investment related reporting forms.

Tax Form Update

Most but not all 1099’s are now available as of yesterday…. YEAAA … If you have contacted us already, we will be adding your tax form to your personal vault, emailing you a soft copy of your tax form or sending to your tax professional as requested…. glad to help. A paper statement will be snail mailed to everyone even if you only use electronic correspondence for everything.4911abd2-4b9c-408a-a953-d805a2ea9c1a-9907-0000085a4bc97ada_tmp

Reach out to Cathy at if you wish to have us send you a soft copy of your form!

Not all 1099’s are complete…. deep breath for those ready to go but without forms, they will be here soon!

Corrected forms have been less prevalent over the last few years, hopefully not jinxing ourselves this time! Even with less corrections, we do recommend holding off on filing your taxes at least until the first correction.

Missing Basis-Non Reported Cost

Most, but not all investments have basis included in your personal 1099. We will be mailing those without basis information an internal report that will make your reporting much easier AND lower your tax burden. We have your basis and it needs to be reported to save us tax dollars.

As a reminder, every investment we have has a basis, DO NOT ALLOW A ZERO TO BE INPUT AS A BASIS, THAT WILL COST US TAX DOLLARS!

Tax Fraud Update

In our small sample size, we are finding that those who have had fraud related issues in prior years, tend to have a higher chance of repeat offenses (Rats…sorry but it is true.) Keep your eyes and ears open for suspicious activity, especially if you have had tax fraud related issues before.

Given the above fact, if you have had fraud related issues with your taxes, go ahead and begin working on your taxes…. we may even want to file before the corrected 1099 comes out. The IRS is moving faster to prevent fraud, we will too !!

Ahhh….today is a Friday …. enjoy your weekend … What a beautiful week we have had here in Texas for February!!!!

John A. Kvale CFA, CFP

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

Repatriation/Tax Holiday of Foreign funds? Yes or No

In our continued crossover theme from our Out West Conference, this item was discovered while reviewing the tons of notes taken and prepping for more detailed articles in the coming Newsletter. Nice find!

As a reminder, a crossover occurs, in our minds, when several experts unknowingly say, predict, or comment on the same event or action. We like the chances of such an event when multiple parties agree, and in this case, we even chime in too.

Repatriation of Foreign money held hostage by US companies

Call it a tax holiday, repatriation or whatever term you may like, our experts agreed totally that allowing US companies to bring money back into the US would be terrific idea. Currently, companies have been strangled by a double tax hit if they bring “Already Taxed once” foreign earnings back into the US.20170202_165920762_ios

David Cameron, the famed former Prime Minister/President of Britain “It’s senseless to hold hostage US company money overseas!” He suggested a low tax of 6-8% to allow funds to be brought back into the US and said it would be a nice tail wind.

Derek Burleton, expert Canadian economist “US Corporate tax rates are a big mess and need to be fixed. Allowing funds back into the US from multinational firms is a great idea and would help the economy!”

We could not agree more.

  1. There will be uses of funds that not all agree are good.
  2. The spirit of free trade and borders is being hampered in our opinion by double taxing foreign earnings re-entry.
  3. The World is a MUCH smaller place.
  4. Free flow of capital will eventually find it’s best use, artificially hampering this can cause inefficiencies.

Have a great “Tax Repatriation” Day!

John A. Kvale CFA, CFP

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

Will the European Union/Euro Survive ?

The neat thing about listening and visiting with so many “Experts” last week is when several crossovers occur. By crossover, we mean different experts unknowingly saying the same thing.

European Union Survival?

The Euro, a combination of 28 different countries (founded in 1999) all linked to one currency with a common goal of trade and a common currency to ease flow of funds,  had a shot fired across the bow of its boat in 2016 with the British vote – Brexit – vote to leave, costing David Cameron his job.

David Cameron (the newly much higher respected) former Prime Minister/President of Britain, who lost his job over the locals vote to leave, said there is only one thing that would cause the Euro to split.

Oddly, a terrific crossover by Canadian Economist, Derek Burleton (more fantastic info to come soon) echoed the same EXACT kryptonite for the European Union.

Marine Le Pen elected as France leader would mean possible end to European Unionle_pen_marine-9586

We do not have a say, we are not familiar with Mrs. Le Pen, we are only announcing what two VERY distinguished experts said exactly the same un-knowingly at different moments at our event.

Mark the calendars as the election is April 23, 2017 !

Of course a split up of the European Union would have consequences for the global economy. We have interesting thoughts on these possible “consequences” should this occur….closer to the vote !

For the record, both Cameron and Burleton gave a very low probability of Mrs. Le Pen being elected.

Thanks for the forecast !

Have a GREAT “Forecast” Day!

John A. Kvale CFA, CFP

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



It only took 32 Minutes for “The Brain” to make a splash at the conference …. Meeting David Cameron ….

The lights were dimmed for the audience….

3000+ people to start the multiple day 14 hour a day conference….

Boom!   The lights are up, the attendees are revved up …. out walks the first speaker …



Exactly 32 minutes later… up pops an interview – on full screen in front of all 3000 -with none other than …

Donald “The Brain”…..


Gotta be kidding?

Nope… a replay from the meeting mentioned in this post earlier before the event…

First time an event has been crashed from across the county… Well Done Donald!

Meeting David Cameron

Later on in the  morning, David Cameron the former Prime Minister/President of Britian spoke …. Possibly the best talk ever … tons of notes to share. Even an in person meeting and quick chat…..

Today is a Friday, not surprisingly, time is short ….not to worry… LOT’S to talk about shortly…. Enjoy your weeekend !

Hope you enjoyed the update from a revved up body in the West !

John A. Kvale CFA, CFP

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