Category Archives: Education

Making Lemonade from Lemons … Virtual Conference Notes …. A Conference Passed on for Over a Decade … Meet Ian Bremmer AGAIN

Choosing not to attend a conference held by John Mauldin for over a decade, due to travel constraints, cost, and bad timing of the conference, this year his big conference of the year went virtual and the price dropped by a two thirds.

Not only because the above, but with a total of 42 speakers and counting, slides and transcripts along with a downloadable MP3 of each speakers talk, Lemonade from lemons occurred, and we signed up.

With over 40 hours of information, we plan on dedicating much if not all of our coming Newsletter to reviews of the speakers … the goal of the conference is to look into the future for “Economic Risks, Challenges and Opportunities in a Post Covid 19 World

Meet Ian Bremmer AGAINIan_Bremmer_headshot

Back in 2016 at a national conference (live, in person) we first crossed paths with Bremmer  (a stand out thinker and Political Scientist)  and wrote about his comments on the then coming election here.

Fast forward to today, and here are a few bullets from his virtual talk we found interesting.

  • Taking 10% out of the Economy now may not feel as bad as times before since we are wealthier now.
  • Maybe this is the crisis needed to really make some big items change.
  • Unilateralism, not isolation. I.e. Canada, US, Mexico will become more connected unilaterally.
  • Will we have a new global order? Nah, just an acceleration of what was happening anyway.
  • Could this be Goldilocks Economy – Yes because this Crisis could bring GEO Political institution updates –
  • GEO Politics are cyclical, just like Economies.

Look for more details, as mentioned above in the coming Newsletter…. but you get the gist… some good stuff!

Have a Great “Bremmer Future 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.
jkfinancialinc
street-cents

Another Positive Friday … Pre-View March Review and Emotional Cycle

With Negatives still topping most headlines, I am running with another Positive Friday as we head into a weekend… those that missed, this is the third Positive Friday, here and here are the prior two for an extra Positive Moment … but now this weeks Positives:

  • Every Day is a Day Closer to Normal
  • March is behind us
  • If you are able to read this, it’s a pretty darn good day!
  • We all have each other
  • Our Country continues to work in Unity
  • Stimulus Rebate Checks to over 90% of the population are getting ready to be sent
  • Unemploymentfor the Self Employed is coming
  • No Mandatory RMD’s this year
  • Forgiveness Loans to Businesses to Keep Employees on the payroll

Next week we will return to our regularly scheduled three times per week Posts which will include a belated March Review Video (Hair Salons are not essential…look out) and an Emotional Cycle Graph that is homegrown along with forthright ways our family is keeping spirits in check!

Until then…..

Have a GREAT “Positive” Friday and Weekend, Stay Safe!

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

Another Positive Friday …

Last weeks positive Friday garnered so many comments and Thank You’s that I thought it worth repeating as it’s so much easier to find negatives even if you are trying to avoid them…but there are lots of positives occurring.Unity hands-1939895_1280

  • On a very personal note, I’m happy to announce that my 92-year-old father was able to navigate the online virtual doctor appointment with complete success – Now if he can do it, we can do it if need be!
  • The Federal Reserve continues its policies and has begun adding liquidity to the Fixed Income Market – More on this soon
  • There was a $2 trillion stimulus package announced-which is wonderful news and helps bridge businesses and workers
  • It appears multiple countries are beginning to flatten the curve
  • Some parents may be finding out … it’s not the Teacher–hah – (Hat tip Cousin)
  • Spring is one week closer, its getting warmer … and the sun is up longer every day!
  • If we only had three more days like Wednesday we would be back to all time highs in the Capital Markets! (That will make you go hmmm- not kidding)
  • Our Country, Government and residents continue to work together in fantastic unity!

Have a GREAT “Positive” Friday and Weekend, Stay Safe!

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

On Line Study/Work Tips For Those At Home … Interview of a Two Year Veteran

We know many of you may be faced with children or young adults doing school work from home.  Long time followers know that the 15-year-old is in year two, working 100% online university … from home, airplane, coffee shop, or basically wherever.

As such, she granted this interview in part for her soon to be fully on-line schooled 12-year-old brother.img_6377

We made this semi-formal so that she would understand the seriousness of what we were trying to do, and also feel honored to be part of those of you who may be helped by her experiences over the last two years … I asked candidly and did not direct her…

Tips for Those Working From Home for School

What tips or suggestions have you learned over the last two years?

“It’s very easy to get behind make sure that you stay caught up …”

“On-line is more difficult for me than being in-school and listening to your teachers speak directly.”

“It’s a big adjustment socially as you will not be able to visit with your friends, and there is a void of social contact.”

“For me the school day is much shorter and I get more accomplished in a shorter period of time than I did at school, allowing for other activities such as Tennis.”

“I’ve learned to work anywhere, while I have my favorite places such as the formal dining room table, when necessary I can easily work in my room or most any other quiet place!”

“It’s very easy to get distracted with other devices or social media … stay away or you will get behind fast”

“Be prepared with good note taking skills and supplies and make sure that you keep up if you’re in a classroom lecture because you will not likely be able to ask a question.”

“Online foreign languages are very difficult to do!”

Thank you Sophia for the candid responses… I really was hoping she would say it got easier as she learned how to do it, but she was firm on her second point!

Here are a few from my perch…

Watch your posture, it is easy to get in a slump situation, especially with a laptop.

Take breaks and walk around, in an office environment, the water cooler does provide a break…not so much at the house.

I think clearer and am more creative when out of the office working … we will see if this has stamina..hah

Personally I like a bright place that I can see out and light shines in (some times even the back yard), the rest of the gang does not, as it cuts back on the Monitor light… each to their own!

A low volume wireless color printer has been invaluable … Ours was about $75 but the replacement cartridges are about the same as the printer cost…

Hope this helped!

Have a Good “At Home Tips” 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

SPR – Strategic Petroleum Reserve … Neat Facts … About to get filled!

On Friday it was announced that the US Government would take this opportunity to buy oil on the open market and fill the SPR (Strategic Petroleum Reserve) …

With our venue here being Informational and Educational, we set off the find more about the SPR.

Strategic Petroleum Reserves (SPR)

With tons of friends and clients in the Energy Sector (likely forgotten more than we will ever know) we hope to get at least one point that you guys do not know … for the rest of us, it is likely most of these may be new as they were to us.

For those as interested (nerdie) as us, here is where the bulk of our information came from.

How Much is in the SPR Now?

3-6-20 SPR Current Inventory

How much can it hold?

Current authorized storage capacity – 713.5 million barrels… so almost 100 million barrels to be added…

Where are the locations (Big Underground Caverns)?

Crude Oil Storage by Site  (as of January 31, 2020)

SPR Sites v3

  • Bryan Mound – holds 230.2 MMB in 20 caverns – 66.7 MMB sweet and 164.0 MMB sour.
  • Big Hill – holds 143.3 MMB in 14 caverns – 62.5 MMB sweet and 81.2 MMB sour.
  • West Hackberry – holds 189.7 MMB in 22 caverns – 102.2 MMB sweet and 87.5 MMB sour.
  • Bayou Choctaw – holds 71.8 MMB in 6 caverns – 18.9 MMB sweet and 51.8 MMB sour.

Why do we have a SPR?

Established in the aftermath of the 1973-74 oil embargo, the SPR was established to counter a disruption in commercial oil supplies which could threaten the U.S. economy. It is also the critical component for the United States to meet its International Energy Agency obligation to maintain emergency oil stocks.

How do you get Oil Out of the SPR? (Neat Fact!)

The fact that oil floats on water is the underlying mechanism used to move oil in and out of the SPR caverns. To withdraw crude oil, fresh water is pumped into the bottom of a cavern. The water displaces the crude oil to the surface. After the oil is removed from the SPR caverns, pipelines send it to various terminals and refineries around the nation.

There you have it, a neat overview …. for those interested, this is just the tip of the SPR Iceberg, as there is a ton of really neat and more thorough information on the link at the beginning of this post and again here

Have a Great “SPR Informed” 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

 

All About Taxes – We know … Most Really Want to Know About ENFORCEMENT ! Great Source Sites

Here are great source sites used for our research and possibly useful as you enter tax season:

As promised last Friday we wanted to share some neat stats and information concerning taxes and the collection of, and the IRS in general.

This is a brief review of the subject matter from our pending 2020 Q2 Newsletter which will hit your mailbox right around tax filing date, and we thought it a good time to share some stats.

We know that when you think of the IRS and taxes you’re mostly concerned with one thing … ENFORCEMENT!

With brevity a concern in this venue, we will drill directly to the enforcement portions of our much deeper and more comprehensive article … again in our Pending Q2 Newsletter.

Enforcement of Tax Collections and IRS Statistics

In dealing with the IRS and tax situations over the past 31 years the one thing that we have found most important is to always respond to the IRS in a timely fashion.

TaxAudit 2018 stats

 

Our general IRS/Client experience over the past three decades has been a very good one. We have found the IRS to almost always be very receptive to information, understanding of mistakes, and even frequently waving penalties and interest …however this last point is not always in stone given certain situations

Amazingly nearly 2/3 of audits, which are almost all done by paper due to the cost of a field audit are not answered, resulting in a claim on the taxpayer. Bottom line, make sure you show the IRS that you’re answering their questions in a timely fashion and expect a paper computer driven notice.

09-18 number of returns audited IRS advocacy

The majority of audits and notifications (AKA CP2000) are created or driven by an income mismatch – said another way, if you earn some income, wages, interest, investments, or some type of capital gains, and you do not get it on your tax return, it’s easy for the IRS to catch, and you WILL get a notification. (CP2000)

Sir Learned Hand, Famous Quote440px-LearnedHand1910a

“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”

While you hear us talk about tax reducing strategies frequently, (here, here, here ) as we are big believers in not paying any extra taxes, we are also very big believers of being fair and honest with the IRS. Over the years we have been presented with many gray area tax strategies that have almost inevitably not held up against the IRS.

If it sounds too good to be true, it usually is in the end … don’t even think about going there – the IRS will eventually find you, and it will most always be at the most inconvenient time!

Having respect, and mutual admiration for the IRS and its’ enforcers,  but not fearful or conspiracy, is a healthy way to go about your tax responsibility as a United States Taxpayer!

Have a Great “Tax Stats” 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

Make that the Sixteenth Hundredth Thirty Second (1632 – Gotta be Kidding? Nope) Original Posts! Neat Stats

Yes, you are reading our 1632 – Sixteenth Hundredth Thirty Second Post!

It started pretty rough….

The First Post, well the first several hundred, were REALLY hard …

Directionless…

Lots of writers block…

Fear of mistakes (more fun comments on these often and proving originality) …

Typos and Grammar mistakes (still happens, but hopefully less frequently haha)…

Did anyone even want to hear from us? ….

Slowly we honed the subject matter…

We drifted away from areas of no control (Big Predictions) …

Eventually we listened and learned from you guys, for subject matters and length (What’s on your mind = keep em short and sweet) …

Today we relish every post …

The number of regular followers and readers steadily grows…

We feel like we are one big family ….

And have the confidence to say we are adding value too … after 30+ years in the industry (we know your time is at a premium)….

Some Neat Stats

The Red Area represents views from that area of the world, pretty good global reach….

Who new Alaska would be such a follower… Thanks guys!

12-29-19 All Time Stats and Insights ‹ $treet-¢ents — WordPress

More Fun Stats

Top 10 Countries… Well Represented Globally!

12-29-19 Top 10 Countries

 

Sure, Google, or some other major sites do this in less than an hour…

Honestly, that’s not our goal, we want to add Value to you guys, clients, friends, family and regular followers….

Maybe it’s like a private, but public, club?

We have grown to enjoy writing, even though we are more Math Geeks….

Thanks for your comments, taking a moment to read, and for your ideas on topics!

Have a Happy “Surprising Statistics” Last Post of the Decade 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