Last week the team happily carefully gathered and divided to maximize our time at a two day Virtual Conference that is usually “In Person” lasts about a week, and is located in alternating years on the West Coast and then the East…
The conference lasted two days (Tuesday and Wednesday 10 am-3 pm) and was a straight (small morning break of 20 minutes, but no lunch break or bathroom break) five hours each day, with overlapping events except for several “Main” general sessions such as a talk with Ben Bernanke….
The method of attack was for each of us to choose what looked the most interesting and if there was an accidental overlap of desired events, one change to a different session. Oddly, and maybe this speaks to each of desires and roles, we rarely overlapped… there were a few sessions that were “Full” , for the record not sure how a virtual session can get full, but oh well…
As of this time, the sessions are not up for post live review so our review here is part for our own notes (living diary) and mostly for your shared knowledge …
Cyber Threats and Interesting Home Threat Note
Regular followers know we take Cyber security VERY seriously, and just by chance yours truly ended up in lengthy Cyber Security sessions on both days.
Key Takeaways from an office standpoint were more two factor authorizations (extra step of logging into important programs that includes a text to cell)
For the record over the weekend after telling the team last week “I always have my cell” a chance package delivered to the office led a trip up to the office with the cell in the car and the need to log into an important program….. Guess I DON’T always have my cell…haha
A new interesting reminder for those that work from home at all was a statement “If your home router is older than three years and especially if not a commercial router, you may be unsecure!” This of course led to a quick review of each of our home set ups with the note of having a now 14 year old gamer, and a complete security review of all at home security was completed…. just for extra security additional security was set up along with a special at home “Guest Wifi” rather than the family’s for friends who may carry unwanted programs into the network…
Inflation Less Transitory than Thought
Jerome Powell, chair of the FOMC (Federal Open Market Committee) during a speaking event last week mentioned that the coming inflation may be less transitory than initially expected…
Recall this was the main debate at the Mauldin SIC conference early in the Second Quarter as mentioned here and in our Q 3 2021 Newsletter..
Several guests, most notably Lizanne Saunders echoed this thought during a fast speaking opening session…
The basic thought originally was the CPI line below would roll over quickly, now more are thinking it may last longer, especially with the afore mentioned FOMC on record to allow without intervention…
Interesting Observable Fatigue from Event
This was one our first events of this length and without much of a break, we all noted an interesting (high) level of fatigue. It seems like there would be no reason for any tiredness given sitting in front a computer for 10 hours in two days, but is sure was.. heck we were not participants, only observers…
Will keep a tab on this moving forward, sure others have experienced the same, but our first notable occurrence.
Have a Great “Virtual Conference” Update!
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
Like this:
Like Loading...
October 2021 Financial Planning and Capital Market Review – By John Kvale
Hello and Welcome to our October 2021 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 and current events!
Hope you enjoy!
BREAK IN – HONORED BY D MAGAZINE NOMINATION
Important Disclosure
October 2021 Video
YouTube
Financial Planning Tip(s)
Cell Text Spam and Calls
With the handy, cell phone which is almost like carrying around a powerful computer, replacing our land lines, in this post we remind all to be very careful in which calls you answer and most importantly clicking on a hot link of a text you may have received on you cell… DO NOT BITE!
Here is an example of a very dangerous spam text – do not click on that hotlink as you will be directed to a bad place that may cause your cell harm…
Grant Williams Podcast with Sam Zell
A new found favorite way of continued learning and education, frequently while jogging or walking, in this post, a review of a fantastic hour long podcast with Sam Zell via the Grant Williams Podcast series…
Favorite Notes:
Staying Power is the name of the game… No surprises!
Real money by long term holdings, be patient.
Will you slow down? People ask me that all the time…”Slow down from what…I like what I do,”
Capital Market Comments
Bonds, Interest Rate Headwind Reminders
In 2018 as interest rates smartly began rising, we reminded folks, those especially with more conservative allocations (larger allocations to bonds) that the immediate effect of higher interest rates are a slight headwind to bond portfolios. For the record, they are big headwinds to very long dated bond portfolios i.e. 30 years, which is why we stay away from such portfolios…
Fast forward to the beginning of the year and very recently, we felt the need to remind again here. The fantastic news is that with shorter dated portfolios as mentioned above, this headwind turns into money in our pockets in the form of higher income as rates again smartly rise on the expectation of greater economic growth prospects.
Have a Great Day, Talk to You at the End of November!
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
Share this:
Like this:
Leave a comment
Posted in Audio, Clients/Clients Only, Cyber, General Financial Planning, Interest Rates, Investing/Financial Planning, Market Comments, Monthly Review, Podcast, Video
Tagged Best Financial Planners, Best Wealth Managers, Bonds, Cell Scam, D Magazine, Interest Rates, Text