Category Archives: Investing/Financial Planning

DOJ Approves Merger, Great News for The Brain …. Sports is starting (Big Weekend) …. Shark Week begins too … Travels … Friday

As mentioned here, TDAmeritrade and Charles Schwab agreed to merge early on in the year, (wow that seems like a long time ago- digressing) and due to government regulations, the DOJ (Department of Justice) needed to bless the deal – antitrust thoughts – too big, monopoly questions … it was on hold!

DOJ Approves – Brain in the Driver’s seatDonald Capone

Good News …. the deal was approved, and even better news for The Brain, as noted here and here, is an expert with a very special portfolio management and trading technology, which the combined companies announced this week would be a part of the new joint effort.

Not only that, but The Brain is already a part of a new Beta group, which had gone silent… (likely to start up again) to integrate even more features which The Brain will be a major advisor….

Well Done Donald!

Sports Starts = A Full Weekend! Golf, Basketball, Baseball, Football

Long time followers know, that while the family is a total Tennis nuts and crazy family, your’s truly was a collegiate golfer, helping pay for three years of college via scholarships.

This weekend, a Major Championship on the favorite West Coast time makes for the perfect late evening … Sunday night viewing of the final nine of the Tournament.

Basketball (NBA) continues it’s fast tracking season with only a few more games until the abbreviated playoffs.

But don’t stop there …. Baseball (MLB) after a few scares, missed games due to infections and paused events, seems to be back on track….

NFL  …. professional football start more workouts in full force too !

Shark Week Starts – A Family FavoriteShark Week Logo

Sunday night, hopefully just after a fantastic final Golf Championship concludes,  a family favorite begins…

Break in, coincidence or not? – After a few years of moving to earlier calendar (family dislike) it is now back to early August – Ok … digressing again…

SHARK WEEK 

Discovery Channels Shark Week commences at 8 PM Central Sunday Night and airs until the following Sunday….

In a hitting home on some programs … Jen at the office mentioned an unusual occurrence in her home town of Long Island, that we both think are a part of the special…

Friday Travels

If you are still with me (THANKS)  … long post for a Friday – much appreciate your time, you may recall a few special events for the Mrs. – will be out next week but tethered electronically …. and already have some very interesting Economic and Market News to speak of – tease tease – nerd nerd too!

Ahhhh….. but it is a Friday, enjoy your day, your weekend, your friends and family and chat with you next week from afar!

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

TSA Throughput Update – Are We Flying Yet?

Several months ago, we stumbled across TSA Throughput numbers (never knew they existed) and have found interest in monitoring the numbers.

Here was our first look 49 days ago to be exact….

img_7292

Over the most recent weekend, on a regularly evening bike ride near the house, two days in a row, multiple large jets made their way over, disrupting the most recently quietened skies…. even enough time for a quick pic …

Time for an update – glad to have kept the chart template -hence the logo too  – so here we go!

TSA Throughput Update – Are We Flying yet?

We are definitely flying MORE …

8-1-20 TSA Throughput w logo

 

 

But hold on … the above chart does not tell the whole story –

8-1-20 TSA Throughput V year ago

Wow… that’s amazing to us … just how fast it was shut down, how much we have come back since the bottom, but yet how much farther we have to go before back to normal….

Will keep the monitoring up, maybe the planes spotted over the weekend were just coincidence?

No matter, time will clarify and we will be watching!

Have a Great “Their Kinda Traveling” 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

July 2020 Podcast Video, Financial Planning and Capital Market Update – By John Kvale …

Hello and Welcome to our June 2020 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!

July – 2020 Video (YouTube)

 

Financial Planning Tip  –

Careful Use of Credit Cards to Maximize Perkscredit card

We carefully spoke on the use of Credit Cards and maximizing their points and incentives due to repeated inquiries about the topic, in this post.

Credit Cards can be very dangerous and the card companies want us to carry balances … so PLEASE BE CARFUL!

Vaccine Update – It’s Looking GoodVaccine

In this post we pointed to an excellent Bloomberg Tracker that is showing multiple Phase III drugs about to hit the testing.

Phase III is the last one before mass production… making for a very fast track of multiple possible cures for Covid.

This is also market friendly as well.

Capital Market Comments

The Look Through Continues – Expect Bumps

Not trying to sound like a broken record, but in April we proclaimed that smart market participants may likely look through the valley and over the hill to eventual earnings.

As a reminder, we were really on an island as very few were positive at that time.

They did, and continue to do so … with a bit too much rose colored glasses in our opinion…

We continue to expect bumps as there are tons of unknowns and a negative narrative can take over quickly…

Not letting our guards down!

7-31-20 YTD Large International and Small

Have a Great July Update!

Talk to you at the end of August!

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

Top Daily Google Searches for the Last 10 Years In Each State … Showing our VERY Short Attention Spans –

Long time followers know we cannot resist these neat Animated Charts… just fascinating to us ….

The following is daily Google searches for the last 10 years – its a bit long, so pick your time period if you want to watch…. it’s surprisingly interesting.

Couple of observations from our perch:

  • Whew… we have SHORT attention spans!
  • We all school like fish at once – notice how the states show similar searches almost every time
  • Entertainment (music and movies) dominates any other subject
  • The 15 year old watched and knew tons more items than myself
  • Adele and Billie Eilish seem to carry the popularity crown the longest from a muscian standpoint
  • Fortnite was by far the most dominate gaming search
  • Never heard of Myxer – and it is no longer around (maybe that is why we never heard of)
  • Who knew Pepe the Frog was so popular

This again from our friends at Visual Capitalist who usually do not do animated charts, but we sure like this one…

This one is 11 minutes long…well worth the time, but we know most will not watch for more than 2 – Pick a time frame when you think you may know what everyone was searching – You will likely be surprisingly wrong – again, VERY short attention spans for everyting!

Hope you enjoyed as much as we did!

Have a Great “Fellow Short Attention Span” 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

 

 

Ways to Maximize Offers through VERY CAREFUL Use of Credit Cards … Be Careful!

Recently, we have been asked multiple times about which credit card is best to use? 

Before we begin. we want to remind everyone that credit card debt is a no-no, it is one of the most expensive … it is not tax-deductible, and if you’re not careful can really create problems. So, if you have ever been behind or had high credit card debt please continue doing what you are doing right now and certainly do not open a credit card to try and use some of the techniques that follow.  

Now if you have made it through our scathing lecture above and are trying to maximize the benefits of credit card use here are a few helpful hints. 

Ways to Maximize Company offers through  VERY CAREFUL use of Credit Cards credit card

Determine what type of credit card would give you the most benefit. You may be in a situation where you frequently use a certain airline, hotel, or other type of service – usually travel or leisure related. Determine what bank or credit card company has the best benefits for you with regards to your frequented usage and only use that card in order maximize your status within that organization. i.e. American Airlines, Marriott Rewards. 

Again please do not open a credit card if you’ve had trouble in the past or currently have credit card debt-do not change anything you are doing we do not like credit card debt. 

 If you are in a situation where none of these apply and still want to try and maximize your benefit, look to a company that may give you a rebate … usually in the neighborhood of .5% to 1.5% on all of your purchases, as this may be a better option especially if you have a high volume of transactions.  

In closing this is not a green light to use your credit card recklessly, but if you were wondering what may be the way to maximize your benefits … stack it up all in one with one carrier and you would likely get the best status and benefits.  

As a side note we do not like having tons of credit cards and a debit card is fine to use as well (but may be harder to get refunded $ if stolen).  We find maximizing status by using a focused strategy the best! 

Have a Great “Careful Maximizing those Benefits” 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

 

   

It’s starting to Happen…. Good news on the Vaccine Front …. Friday

As we mentioned in our Newsletter and again in our monthly summary, the world has a Unified effort for a cure for Covid with some of the top brass of very powerful companies leading the collaborative charge….

Great Vaccine TrackerVaccine

In this Bloomberg Article from about a week ago…authors Cristin Flanagan, Riley Griffin, Robert Langreth pull together one of the best trackers we have seen with easy to read explanations on the progress of the various companies in finding a Vaccine…

It’s worth a read, especially if you have not been following the various results ….

Phase III is the last phase before mass production … there are MULTIPLE vaccines and medicines about to go into this Phase.

Hey, maybe there is not a pure, total fix, but if we get a couple of helpful medicines to go along with the vast increase in knowledge on how to treat this, the Future is Bright!

Ahhhh …. today is a Friday heading into a summer weekend…. enjoy your day and talk to you on the other side !

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

 

“Client Relationship Summary” Form, New Form Mandated by SEC … We like it!

No Action is necessary by you! This is a new template summary mandated by the SEC, mostly designed for new clients, but also mandatory delivery to current.  The goal is to help prospective new clients attempt to understand the GIGANTIC variances in services within the Financial Industry. It’s really hard to check all the boxes and make it clear for everyone, but we like what they are doing….

 

In compliance to new rules established by the Securities and Exchange Commission, Form CRS (Client Relationship Summary) is as follows.

Item 1 : Introduction:

J.K. Financial, Inc. is a Registered Investment Advisor (RIA), who is registered with the Security and Exchange Commission. As an RIA, we charge management fees for our services as opposed to brokerage fees which are generally charged per transaction.

There are free and simple tools available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

Item 2 : Relationship and Services:

“What investment services and advice can you provide me?”

As an investment advisor with no proprietary products, we provide not only investment management services, with a general $1 million minimum (but not steadfast) which we monitor in house and non-in house assets via our digital vault on a discretionary basis, but also Financial Planning, Estate Planning, Planning, complete Insurance Review, concentrated wealth strategies as well as Trust planning, We have dubbed this our Total Wealth Planning Practice. Please see here for a more detailed and comprehensive list of our service and please see Form ADV II for a more details of our firm.

“Given my financial situation, should I choose an investment advisory service? Why or why not?”

If you wish assistance with your complete financial situation, an investment advisory service may be best for you. If you do not need assistance or prefer making financial decisions on your own and investment advisor relationship is likely not good for you.

“How will you choose investments to recommend to me?”

The firm specializes in total wealth financial planning, and proactively selects individual equities, ETFs, low cost mutual funds, option hedging strategies, and individual bonds for client portfolios, on a fully discretionary basis.

“What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?”

John Kvale has 32 years of experience and is a Chartered Financial Analyst (CFA) as well as Certified Financial Planner CFP certificate holder. Donald Capone is a Chartered Financial Analyst (CFA).

The CFA certification is a very deep and extensive multiple part exam dealing primarily with investments and investment management. The CFP certification is a very deep and extensive multiple part exam dealing with a very broad coverages of personal financial planning.

Please see here item ADV II 2B page 8 for a more descriptive explanation of the certifications.

Item 3: Fees, Cost, and Standard of Conduct:

“What fees will I pay?” “Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?”

J.K. Financial, Inc. is a fee only capital management and financial planning firm, and does not accept commissions, soft dollars, or order flow rebates. Fees are determined on a case by case basis but generally range from .50% to 1.75% based on individual need and complexities and are charged through Limited Power of Attorney from client assets. Costs from packaged investments such as Mutual Funds and ETF’s are netting from client accounts by the respective investment company i.e. Vanguard or other like, and generally are not itemized on client statements and are not paid in any way to J.K. Financial, Inc. In addition, please see Brokerage Practices page for additional details. Costs associated with outside qualified custodian i.e. Commissions, wire fees or the like are itemized on client account statements and are not paid in any way to J.K. Financial, Inc.  The more assets there are in a retail investor’s advisory account, the more a retail investor will pay in fees, and the firm may therefore have an incentive to encourage the retail investor to increase the assets in his or her account, see conflicts below. Please see item 12 (page 4) of this link for more information. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

“What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?”

When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. We have an incentive to help you make your money grow thereby increasing our fees.

“You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.”

“How might your conflicts of interest affect me, and how will you address them?”

While it may seem like a more aggressive investment posture would be more profitable, as a long term conservative firm and philosophy we regularly avoid very aggressive individuals or investors.

“How do your financial professionals make money?”

All professionals are paid on a salary basis, with regular reviews for good service and bonuses.

Item 4 : Disciplinary History:

“Do you or your financial professionals have legal or disciplinary history?”

No we do not. Feel free to visit Investor.gov/CRS for a free and simple search tool to research of our complete firm.

Item 5 : Additional Information:

Please go to our website at www.jkfinancialinc.com for more information on our firm and a copy of this summary as well as call our office at 214-706-4300.

Questions to ask us:

“Who is my primary contact person?  John Kvale

“Who can I talk to if I have concerns about how this person is treating me?”  Any team member or directly to John Kvale

J.K. Financial, Inc ADV

 

Home Builder Optimism Builds …. Interesting Time Comparative and Updated Average Mortgage Rates

Last week, the NAHB (National Association of Home Builders) released their monthly survey of Home builder’s expectations …. Market participants expected a reading of 60 ….

The actual reading was 72 !

Wow…. our chart is a month delayed due to copyright restrictions, but you can easily see the almost complete bounce back…

7-16-20 NAHB Homebuilders index 5 years

While we are reviewing Home Builders sentiment…. here is a longer term chart worth reviewing….

Note these guys were WELL ahead of the pending slowdown of 07-09 …

They began getting cold feet in 2006 !

This slowdown is likely not going to show force in the residential asset area.

7-16-20 NAHB Homebuilders index 20 years

Oh…. all time low Mortgage Rates are also helping!

7-17-20 Fixerd 30 year mortgage rate average

Here is a link to thorough thoughts for Refinancing!

Have a Great “Stable Residential Assets” 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

Congrats to the Tennis Player … Post Tax Relaxation … Friday from the Road

Long time followers know the 15 year old is serious about her tennis….

Five months of no tournaments meant lots of training (Fitness, weights, hitting, hours of coaching) but not competition…

What would it be like competing again? Any rust? Did she work hard enough during the down time? Would she be nervous? YEP on this for sure…

Monday of this week finished the first official USTA Girls age 16 state of Texas tournament in Five months …

That’s a Blue Ribbon on that First Place Finish …

Well done Sophia!

Post Tax Relaxation

The twelve year old and present party are grabbing a few days together .. in state …. in a continuation of a New Year’s Resolution of spending more time with, due to the aforementioned Tennis players dominating of time travel schedule…

We are happy the longest regular tax preparation season is behind us…

Ahhhh….today is a Friday… from the Road for a Few Days !!

Have a Great Friday and 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

 

Fun Tax Day Animated Stats on …… Taxes by Rate and Country –

It’s finally here…

Tax Day is Today !!

The busiest wiring $$ day of the year – for obvious reasons.

The longest lines day of the year at the post office – postage must be stamped today in order not to miss the deadline!

As we wipe our brow and say goodbye to the longest regular filing season we have experienced…. a fun animated chart was in the cards from a new source, Anima Stats

Top 20 Highest Income Tax Rates by Countries (1960-2017)

These guys even got the background music perfect!

Have a Great “Tax 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