Category Archives: Clients/Clients Only

Last Year the Perot Museum, Next Year Dallas Athletic Club, This Year No Holiday Party, Staying Safe

Last year we had the 24th Annual J.K. Financial, Inc. Holiday Party at a place that we had always desired to go but the newness and the cost of that newness had prevented us.

Finally an early date allowed us the ability to have the Annual Holiday Party at the much desired Perot Museum. Little did we know that we would not be having a party this year making last year‘s memory all the more special.

For the safety of our selves and of others we are not having a party this year.

We know that that may disappoint some but out of an abundance of caution and being conservative in all facets of what we do, we are not going to have the holiday party this year.

The good news is as we will certainly have a wonderful and much appreciated party at Dallas Athletic Club if possible next year!

True to many things in life we grow to appreciate them much more when they’ve been snatched from us. We look forward to the exhaustion that follows visiting with everyone and seeing everyone and will embrace the closeness of getting to see everyone like we’ve never done in the past 2 1/2 decades.

Be Safe and We Look Forward to Seeing EVERYONE Next Year!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.



J.K. Financial, Inc. D Magazine Best Wealth Manager Award … John Kvale 14th Consecutive D Magazine Best Financial Planner Award

For those in the Dallas area, you may want to pick up this month’s edition of D Magazine…..

J.K. Financial, Inc. Announced as Best Wealth Manager D Magazine Recipient

This is a peer nomination process and vetting by industry professionals and approved by the editors.

But look carefully on page 35 rather than the center fold as we insisted on going with a different, more casual … and in our minds appropriate picture… and statement.

Not confiding in the more formal picture pushed us to a different section…once again well worth it in our minds.

John Kvale Fourteenth Consecutive Best Financial Planner

It’s an honor to once again be nominated by peers and approved by editors as D Magazine’s Best Financial Planner for the fourteenth time in a row…

Thanks very much and congratulations to my peers who also were nominated.

Wow time flies !

Have a Great ‘D Magazine Honored’ Day and Wonderful Weekend!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.



Finally Taxes are Done … Rob Kaplan Federal Reserve Chair Town Hall Personal Embarrassment …

Whew…. that was easy…. NOT!

Finally we can say goodbye to 2019 taxes … Wednesday Marked the due day for personal Federal Income Tas Extensions.

Luckily (where work and opportunity cross – neat saying heard recently) in the fall of 2019 we went through EVERY taxable portfolio and confirmed tax basis – both reported and unreported to the IRS…. never knowing what this year would bring. This exercise effectively minimized tax documents to one report per account.

Glad we are done!

A Nerd Incident with Robert Kaplan and the Dallas Federal Reserve

On Wednesday of this week, yours truly attended a Virtual Town Hall chaired by Robert Kaplan (pretty big Fan, here is a link to nine articles we have written for those interested).

In true nerd multitasking form, the Zoom meeting started, on the Cell, why not listen while jogging? Cell inserted into runners band on arm and away we go!

Expect comments on the talk, it was very good and interesting…..

Post jog, cell back off runners arm band and onto the couch as the live question and answer session had commenced.

Then this:

Next Question is from John!

Quick glance to the cell and an Unmute flashing button was covering my entire screen! Yikes

“John you must Unmute your device

Twice from the moderator then twice from Robert Kaplan

With no question, the Unmute button was not going to be touched! Finally after what was likely 5 seconds, but felt like 5 awkward minutes, the moderator and Kaplan moved on!

Whew, embarrassing moment averted… or was it!

A question or two later and then this:

“Ok, that was our last question, let’s go back to John and see if we can get his question answered!

Oh No!!!!

This time the Zoom video was shut off before the Unmute logo hit the phone screen….

Can’t make this up!

Hope you enjoyed a nerds chance encounter with Robert Kaplan and maybe even got a chuckle.

Enjoy your Friday, and your weekend …. going to be chilly for the first time in our neck of the woods…. talk 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.



Double Birthday Wishes …. You Cannot Make this Up!

Not sure on the saying, but goes something like ….

Two birds with one stone!

No no, more like this ….

Have Your Cake and Eat it too!

No, how about this ….


Oh ….goodness….

Two For One ?

As a small happily high touch firm, it would not work without you!

Happy Birthday Jen and Donald

Yep, both are on the same day – TODAY!

10k Finished !

Cheers and thanks for everything, you guys are GREAT!

John A. Kvale

Q 3 2020 Cover Letter

As a kid, a frequent saying of my parents were,

“Son even too much of a GOOD thing is still too much!”

While it may sound like we were talking out of the exact opposite side of our mouth, investors looking through the valley to the other side which we had argued for the last two quarters seem to be having too much of a good thing

As discussed in great in our Newsletter for the first time in almost five decades of professional investing, two quarters ago we had to argue positively when everyone was extremely negative and dark clouds appeared to be in the sky, forming our thoughts of looking through the self-imposed valley to the other side where brighter skies may lie.

Fast forward to the present, fear by many has been replaced with greed and a short-term memory of the perils once worried about.  As mentioned once again in our quarterly Newsletter there are similarities to 1999- due to heightened valuations and slight reckless behavior. While prices likely overshot to the downside earlier on in this year it is likely they have overshot to the upside now.

Where do we go from here?

We are not saying things must fall dramatically or an imminent decline is coming, only the opportunity short to mid time frame returns are diminished due to the higher valuations.

Inflation expectations, as measured by the Consumer Price Index (CPI) or the Dallas Federal Reserve’s own adjusted inflation measure, the Trimmed Mean Inflation measure are worthy of our attention as very few expect any inflation at this time.  An increase in either of these measures would be more startling to the Federal Reserve (FOMC) and Capital Market Investors and would certainly present a headwind.

Lastly, as we head into historically the best quarter of the year (led by historically the roughest month), we would argue this is not a normal year and our guards should be up, with slightly thicker investors skin as we head into the end of this year.

Stay safe be well will talk to you at the end of the year!


John A. Kvale CFA, CFP

Enclosure (2020 Report)

Q 2 2020 Quarterly Review Cover Letter –

The Look Through Continues

As mentioned in the last quarterly summary, Investors and Capital Market Participants are indeed looking through this self-made slow down and into the eventual continuation of the economy.

The FOMC (Federal Open Market Committee) led by Jerome Powell continue to provide support via lower interest rates (likely for a shorter period than during the post 08-09 period)  and asset purchases to help shore up possible needed cash from institutions and participants.

Speaking of FOMC stimulus, should a vaccine or multiple vaccines, (the possibilities detailed greatly in our Q3 Newsletter), occur sooner, rather than later, a faster economic rebound may be in the cards. On the other side, should increase in contagion lead to further Economic slowdown, capital market participants would likely lose some of their enthusiasm.

The Sequel Is Usually not as Scary

One thing about the sequel, should it occur, it is usually not near as scary as the original. No doubt as mentioned again in our Q3 newsletter, many of the worlds brightest are working together and have learned much just over the last 90 days.

With the worlds brightest pushing massive energy to a common goal, the future, especially when dealing with healthcare, is likely much brighter and coming faster than we all think!

Given so many unknowns, we are likely to be captive to positive and negative headlines until the eventual vaccine is discovered.

With the possibility that Investors may have gotten a little bit ahead of themselves, expectation for bumps along the way over the next few quarters have heightened.

Again, why we like having a conservative posture.

Stay safe be well will talk to you in the fall!


John A. Kvale CFA, CFP

Enclosure (2020 Report)

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…


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!



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!


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.

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



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.

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. 


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