Hello and Welcome to our August Financial Planning and Capital Market Update!
If you are too busy to read, feel free to listen as we describe our post and thoughts in friendly podcast audio format as well as Video!
Newbies –
We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets thoughts and current events!
Hope you enjoy!
August 2024 Video
YouTube
Financial Planning Tip(s)
Social Security Breach Thoughts Review and Update
In this breaking news post about a possibly large data breach from a Florida company that could have exposed many Social Security numbers…we mention the following:
The alleged breach occurred in April of 2024 … from a crooks standpoint not new news and plenty of time for negative use
Avoid putting ANY information in websites that promise to see if your information was stolen – Again we want to hear from the source – National Public Data in Florida
The headlines are pretty frightening – The crooks may have had this information for some time – IF they have it at all!
Tons of suggestions to “Freeze Your Credit” – BE CAREFUL if you choose to do this, there will be nefarious characters trying to catch information as you enter it here too along with fake sites of false promises as well as the expected up sales…
As a measure of reference/comfort/misery/company… I have personally had my complete identity stolen over 5 times with no loss of funds…certainly lots of inconvenience, maybe lucky…not wanted, but made it through!
As of the latest news on this, there appears to be far less data lost than first announced…it is still unclear!
Capital Market Comments
Let the Rate Cuts Begin
In this post we reiterated the best known secret… Powell will be lowering rates soon…
Here is where the cuts will occur– again from our post
From our buds at Hedgeye Risk Management – Expecting Higher Inflation due to the comparables!
Have a Great Day, Talk to You at the End of September !
John A. Kvale CFA, CFP
AI Content Authenticity: AI was used to create the Blob picture – All of the following written content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note so when used.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
