Category Archives: Clients/Clients Only

Fun Tools and Ideas For Working Out of the Office

As we all continue our multiple week stay in place and work remotely orders … we wanted to send some neat portable (cell) helpful ideas … all available from the Apple store …  not 100% on Android…

Handy Tools and Ideas for Remote Working

In an industry that has very strict rules and regulations… it’s nice to announce this handy application has seamlessly allowed for the curating of very important documents …  basically turns your camera into a very good scanner and allows multiple document combinations into one PDF file…

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Next up, for those that just do not seem to be able to get through an entire book… EVER … Present party certainly included…

Meet Blinkist … most books are in a 15-20 minute audio or readable short form…. and they have also just added full length Audiobooks as well … cost about $100 for the year… have gone though more books in the last six months than last six years!

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Last but not least… Calm, a Lebron James sponsored app … cost about $75/year and it is just what you might think… neat, soothing, relaxing sounds and a 10 minute relaxation meditation talk daily… it also learns your likes … have not made the full 10 minute relaxation audio without falling asleep yet… it’s that good!

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Hope you may enjoy one or more of these… we do !

Have a Great “Neat Tools” Day!

John A. Kvale CFA, CFP

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

A Few Personal Coping Techniques … Friday

As we work through week three of our lock down, we know MANY of you have a much longer time frame and are in much more confined areas….

Hang tight, we will get through this!

Personal Coping Techniques 

My hope is that, maybe just maybe, one of these may work well for you… so here we go!

One of my absolute favorite ideas is so simple and fun, hopefully you will think so too!

Ideally, find a way to get YouTube on a big screen… ROKU, Firestick or any smart TV will get you there… 

Now  – Search Live Web Cam there are a ton… find a place you like to go or have gone in the past or want to go … turn it on and leave it on as a subtle fun distraction!

Here are three streaming Live Web Camera family favorites: 

Critter Cam

Mountains 

Beach 

Here are a few VERY personal tips I am trying to adhere:

  • Get plenty of sleep, maybe even more than usual
  • Get outside if at all possible
  • Wear very bright clothes – ditching a person fav black – the positive color seeps into your mood
  • Make sure to take daily vitamins
  • Spend time with the family and have a few laughs – Oddly purple dye found its way into the 12 year old’s shampoo bottle, no idea how … haha
  • Listen to upbeat music, not downer sad stuff, no sad love songs, fun dance or the like
  • Spend a little extra time with the pets – they appreciate it and it will help you too
  • No dark movies – Jim Carey..Mel Brooks …Disney + (just signed up for Disney+ – worth the $5/month)
  • Do not take in too much news or social media and make sure to throttle negativity, be Informed but not consumed
  • Exercise- push ups, old bar bell weights from the Garage are working well, sit ups, lunges and stretches
  • If you are really having trouble with something, write it down – just the act of putting it on paper/text is soothing…. trust me on this one !

 

Golfers – this is from our local club, Pick your sport, I am sure there are others…  

Ahhh… today is a Friday, heading into a weekend … have a great weekend and hope this has helped and maybe stirred some ideas of your own…feel free to share in the comments!

Have a Great “Personal Coping Techniques” Day!

John A. Kvale CFA, CFP

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

Q 1 2020 Quarterly Review Cover Letter –

First and foremost I want to wish everyone safety and healthiness as we go through these times. We will get through this and will all be stronger and more knowledgeable for the experience.  

As mentioned in our Q 2 2020 Newsletter, the speed of the lower Equity markets left many investors struggling for cash to recklessly sell their safest assets, bonds. This put unique pressure on Bonds and Bond Funds, temporarily lowering their value in stead of increasing their value, which is what should happen as interest rates lower. The good news with this situation, with history as our guide, this situation corrects over shorter time frames and also allows for our re-investment at artificially lower rates, a win, win in our opinion!  

An Unknown becomes a Known?  

As of this writing the contagion continues, uniquely, do to the self-imposed economic slowdown from the Virus, at a given point in time, hopefully much sooner than many may think, a great unknown will become a known.  

Unlike the last two major economic slowdowns there was uncertainty in far reaching aspects of other assets and other parts of the world and economies.  

At some point in time we will conquer the Virus and the unknown will become the known!  

Capital Market Participants will anticipate this and begin pricing in the not only conclusion of this economic slow down but the positive affects of the very large stimulus package that has been put into place.   

As mentioned in again and more prominently, in our Q 2 2020 Newsletter which you hopefully have already received, there have been an abundance of stimulus programs that at this point have likely not even begun to filter into our economy in any meaningful way.   

Once the full effects of the stimulus seep through our country and the unknown becomes the known we truly believe that our economy and therefore capital markets will be in a much better place in a much shorter time than in prior slowdowns.  

Stay safe, thanks for all of the positive comments – we will get through this together. 

Sincerely,

John A. Kvale CFA, CFP

 

Light at the End of the Tunnel (Positives!)… Thank You … Happy Celebrations

Don’t look now, but the positives are shining through as some of the Corona Clouds lift… there will likely be ebbs and flows, but at least we are not solo in the positive camp now!

Please continue to be safe and be well.

Thank YouThank You

Thanks you to everyone for sharing our posts over the last NINE consecutive days ….

In an attempt to get the word out to as many as possible…. I think we did a really good job, THANKS TO YOU GUYS!

Thanks for all of your support, emails, cards, comments and just darn good will … you have been terrific and much appreciated … while it may at times look like there is ice in the veins … we do have feelings too and appreciate all!

Very special wishes for a Good Friday Tomorrow and Happy Passover!

Have a super day and wonderful weekend!

John A. Kvale CFA, CFP

 

 

Corrected Tax Forms Update, First Round Due Today, Then Every Two Weeks – Friday

Break In – We had three (you lucky ones have already been notified) corrected’s as of this writing, and Corrected’s appear to have been dropped first thing this AM… those waiting the Green Light, we will update first thing Monday- but so far so good!

 

Later today, maybe even tonight, the first round of Corrected Tax forms, (1099 Misc) will occur… Our biggest correction year, about eight ago, led to over half receiving corrected Tax forms.

Steadily over the past years, this Corrected percentage has fallen (Hopefully not jinxing us!)

Those of you that have contacted us, and are idling at the finish/starting line, we appreciate your patience, but hold off just yet, as the number/% of actual Corrected Tax Documents will give us confidence in moving forward!2019 1099 Consolidated snapshot

New to the Corrected Schedule is an every two week Friday Corrected’s Drop! Nice… Prior years were randomly scattered and left us clamoring for the day… especially as we neared the April filing date.

Behind the scenes we can electronically check everyone at once throughout the day….in year’s past, while due today, they may not post until very late in the day or even tonight, leading to a delayed victory lap until tomorrow!

Fingers crossed for a small number corrected’s!

Here is a link to the 2019 Consolidated 1099 Handbook explaining the 1099 in great detail, for those so inclined…. using the diary feature here of our post for future reference.

Those of us lucky ones, we will reach out to you immediately!

Today is a Friday, and as we log another Rainy Cold Week for the record books… Spring, We Welcome You!

Have a Great Weekend and 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.
jkfinancialinc
street-cents

Happy Valentines Day! Abbreviated Day, Long Weekend … Presidents Day Reminder Monday

A Happy Valentines Day… especially to all the ladies, moms, Mrs., Grandma and guys too!

What a Rainy and chilly week it was here in the south…

Made for a Great Writing week (A lot last weekend too) much to our Editors Happiness…

With the kiddos out on the street today at the half way point, we are headed out early for our collective protection…

In a continuation of the goal for the twelve year old, yours truly will be out of town this weekend and Monday in honor of Presidents Day.

Capital Markets, Banks, Government and Our Office will be closed Monday as well.

Happy Presidents Day!

New Toy … Look for Neat Office Stuff Soon… after we figure out how to get around the no fly zone restrictions due to local airport…grrrr

John A. Kvale CFA, CFP

Tax Forms Update, Reminder EVERYONE Receives a Paper Copy, ETF Preview … Friday

While the unofficial due date, as mentioned last week here, is next Wednesday February 12th, forms are dropping day by day.

As a reminder, EVERYONE will receive a paper copy of these forms, electronic versions will be posted as soon as they are mailed out.

The Whole Enchilada form, AKA Consolidated 1099 which includes the following:

Form 1099-B, Form-DIV, Form 1099-INT, Form 1099-MISC, and Form 1099-OID

This will be the form that is the last to arrive, due to so many moving parts. Donald the Brian spent over a month in the fall last year confirming basis information to help thwart needed corrected forms… but they may still occur as each investment entity may also have a correction, spurring a completely new Whole Enchilada Consolidated 1099.

If there were less than $10 worth of activity, the IRS does not care and as such a 1099 will not be sent. Alert..this could happen easier than you think, even if the account had sizable value, but little interest or dividends and no sales!

Reach out with any questions!

ETF

Working on a deep dive, likely multi-part Article for the Newsletter about ETF’s … the more stats we find, the more interesting the Article is getting… Ya Mrs. Cain, you were right.. we would need to know how to do that extensive research paper…sure it easier with the web… Look for abbreviated posts here in the not too distant future!

Weekend Almost Here

Today is a Friday…. some unusually cold weather this week… maybe nearing the last way down here in the south…

This from a relatives front porch who is actually south of Dallas… we had none here!

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Know you guys up north see this constantly, but not so much in our neck of the woods anymore…novelty remains here for sure!

Have a Great Friday and Super Weekend!

John A. Kvale CFA, CFP

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

Questions from Relatives, Kids, Parents or Close Friends and Others …. Please Ask!

Recently, once again from the field … you guys have given us a great topic!

Glad to Answer Questions for Family, Kids, Parents or Close Friends

We have had multiple … almost apologetic, requests for some type of financial planning advice needed for a parent, family member, relative or child … we are glad to help!Helping hand adventure-1807524__480.

Not only do we consider it a part of our service to take care of you, but also family, relatives, and other very close friends as well.

We are honored that you may ask!

If someone stumped you with a financial planning question, relay it back to us … with almost five decades of collective experience we likely have crossed the bridge before. If we don’t know the answer we have a close contact to tons of professional contacts (Attorney, CPA or the like) in the related fields that do not mind giving us the answer!

We will leave it up to you to author yourself if you want,  or give us credit, either way is fine and certainly situational.

In an odd way, if we don’t know an answer it’s a learning experience for us for future reference and once again we are glad to help and gain the knowledge.

Most importantly, do not hesitate to ask us a question, we are here to help, and as mentioned above, have many years of experience as well as ample resources to tap on the shoulder … no question is too simple or too hard!

Have a Great “Reminding to Ask” Day!

John A. Kvale CFA, CFP

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

Q 4 Quarterly Review Cover Letter – Private Policy

There is a very old, well known, Wall Street saying that goes something like this.

“The stock market will always climb a Wall of Worry!”

Oddly there are two themes that are conveyed in this saying.

  1. The obvious, a wall of worry creates enough doubt for capital markets to operate efficiently and rise
  2. The less obvious, when everything is clear and the sun is shining, sometimes it’s near the end of the expansionary times and happy capital markets.

As fast as this year went, our memories are still very clear on what capital markets look like just twelve months ago.

In chicken little like fashion the sky was falling, Capital Markets, and participants were throwing a giant hissy fit, and the federal reserve was cranking up interest rates to participants dismay.

With 2020 hindsight, a nice wall of worry was created.

With earnings being the ultimate driver of capital markets, a drop in earnings, a recession, or global slow down, would lead to the decline in capital markets but for now we certainly don’t have to worry about item two above in that old wall street saying.

Speaking of recessions, be sure to review the capital market article in our Q1 2020 Newsletter, concerning the lowering of rates while the inverted yield curve – a much talked about by us event, and somewhat disdained. As mentioned in the newsletter we ran across this information mid quarter, and certainly must acknowledge the history brought up by the speaker and his chart, which may avert a recession, at least for now

Also in the newsletter two, two -part personal financial planning articles, one dealing with inheritance and another dealing with automobiles that you may find interesting as these topics were repeated in our office throughout the final quarter of the year and made for a great subject.

Thank you for your time, thanks for reading our blog posts, newsletter and YouTube videos, we enjoyed bringing you all original, somewhat rough at times information as we see it through our eyes!

In Closing

Your Fourth Quarter 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.

Sincerely,

John A. Kvale CFA, CFP

Enclosure (2019 Report, Private Policy)

 

J.K. Financial, Inc.

PRIVACY POLICY NOTICE

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.

 

 

 

 

 

 

A True Yogi Berra saying may be fitting now – It’s like déjà vu all over again!”

Tariffs and Trade War Talks Continue

While the tariff banter seems relentless and every day changing, leading to Capital Market bipolar movements, one day irrational exuberance, and the next day irrationally depressed, as mentioned in our Q4 Newsletter, tariff talk has been going on for decades. With today’s constant bombardment of immediate news stories and short clips it seems, present party included, to be constant and all encompassing. The reality is this likely will work itself out, just as seen in the graph in the newsletter. Our bet is once the tariff talk turns into tariff agreements, we will see market relief and higher overall interest rates. For now, there’s no doubt that the tariff talk is slowing the global economy and there is no envy for public company managers trying to navigate the possible changes that occur on a day by day basis, making it very tough to stock inventory and make purchases.

Treasury Rates- Interest rate cycle

Given the afore mentioned Tariff Talk, FOMC (Federal Open Market Committee) led by chief Jerome Powell and a company have embarked on a lowering of rates, twice to be exact, but only two .25 basis points each, in an attempt to help ease interest rate burdens and spur the economy. While not huge fans of the lowering of rates at this time due to gun powder needs at a future, when the inevitable recession occurs, at this time it appears we are on an interest rate decrease path, a complete 180° turn from just one year ago, when reserve officials were raising. If there is an agreement in Tariff talk, lowering of rates would likely stop, and we might even hear talks of raising, making for an interesting rate cycle. Time will tell.

Taxes or the savings of taxes paid

As we head into the final quarter of the year it’s time to make sure we’ve done all we can do for this years’ , especially items that have no look back features. As also mentioned in our Q4 newsletter, be sure to max those 401(k)s, contribute or distribute from 529‘s, complete Required Minimum Distributions (RMD’s) and make sure those charitable giving are complete this year, as all of these items have a hard stop year-end deadline.

Have a great day and start to fall!

Sincerely,

John A. Kvale CFA, CFP

Enclosure 2019 Report