Category Archives: General Financial Planning

2020 Q3 Estimated Quarterly Tax Reminder … Newsletter Pre-View …. Friday

Reminder … especially pertinent given all the changes in due dates !

ES Q 3 Quarterly Tax Estimated Payments Due

Next Tuesday, September 15, 2020 is the Due Date of Quarterly ES Payments … here is a direct link to the IRS pamphlet where you can find the coupon, instructions and of course where to mail the payment!

Newsletter Preview

With fingers crossed that current events don’t destroy the third Newsletter in a row, we are trepidly wading into a review of the events so far this year, our thoughts … and some really neat charts that we think you will like…

Here is a sample of a couple of our favorites so far:

This second chart is amazing to us …just how much horsepower is being thrown at the Global Markets!

Friday

Ahhhh… today is a Friday, heading into a big pro sports filled weekend ….

Enjoy, be safe and 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

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

Hello and Welcome to our August 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!

August – 2020 Video (YouTube)

Financial Planning Tip  –

Mysterious Form 5498

In a luckily timed post (two showed up in the mailbox the same day of the reminder) here we discussed the extra late arriving Form 5498.

This is a confusing settle up form that requires not action other that to add to your tax file in order to avoid unnecessary taxes!

Fraud Wire Delay Reminder

In this post we remind those setting up new Wire/Linking instructions to financial accounts, especially non liked titled accounts to be careful and have patience.

Fraudsters are attempting to take advantage of the situation!

Capital Market Comments

Gone Too Far

You know us to be very positive – all through the many negatives that have occurred !

You also know we will call it like we see it!

Markets have officially gone too far and are ahead of themselves, expect bumps and no extra risk taking is warranted at this time – CAREFUL!

Have a Great August Update!

Talk to you at the end of September!

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

Q 3 2020 Newsletter Video Audio Podcast Review By John Kvale The Future is Brighter and Faster

Welcome to our Video and Audio Podcast Review of our Q 3 2020 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.

Click Here   for a direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page

You will notice no market comments in this Newsletter Dominated by Health Related discussions…

Let’s get going!

Thanks in advance!

Q 3 2020 Newsletter (YouTube)

 

Peter Diamandis –

As a reminder, here is Peter’s high level CV … impressive.

Founder/Exec-Chairman, XPRIZE Foundation – www.xprize.org
Co-Founder, Co-Chairman, Planetary Resources, Inc. – www.PlanetaryResources.com
Exec. Chairman, Singularity Univ. – www.su.org
Co-Founder, Vice-Chairman, Human Longevity Inc. – www.HumanLongevity.com
Co-Founder/Board Member Covaxx – www.covaxx.com
Co-Founder/Board Member Celularity – www.celularity.com

Along with founding 22 companies and counting.

The Future is Brighter and Faster than We Think!

We hope you enjoy … talk to you at the end of  Summer !!!

John A. Kvale CFA, CFP

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

What Happens When You Get A Decidedly Positive Economic Reading, While Expecting Negative?

Last Friday, June 5, 2020 the Bureau of Labor Statistics (BLS) released its regularly schedule monthly report of hiring and firing report nicked name “The Employment Situation”

Closely followed as a broad measure of the health of the economy and the consumer, experts (so called) from all ports of finance (Economist, bankers, investment bankers, brokers) tally their estimates of what the monthly reading will be.

In all fairness, due to bread crumbs from other reports, usually the forecasts are very close and often garner a quick glance and a carry on to other items attention span.

Fridays expectations were for a loss of just over 7 million folks.

Oops – What Happens When You Miss Big?

With an expectation of ( -7 million) more job losses and announcement of +2.5 million gains, caught Market Participants WAY off guard…

6-5-20 Nonfarmpayroll surprise

Interest Rates took note as well… which is very logical, as rates go up as economic conditions expand…

6-5-20 Us 10 year treasury

Likely ahead of ourselves a bit, but heck it is a start….

Bumps most certainly still ahead… but still a start…

Have a Great “Why We Don’t Forecast Much” 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

Positive Friday … Want to be an Edison? Wave Request

With the worlds biggest and brightest minds working countless hours toward a cure for the Corona …. it may be bad to bet against a cure!

Individuals, Joint Company efforts of their top brass working in teams, and top power house individual companies are working hard….

Want to Be An Edison440px-Thomas_Edison2

Thomas Edison was the most far reaching, well known, and well respected person we could think of, but of course, you can insert someone or company of your own liking.

The Company, Group, or Individual that discovers the cure is likely to become a household name….i.e. Edison

The key person is likely not doing it for the money …(His or her company make like the money!)

He/she is likely not doing it for the fame either …

Most we run into in this type of field are there because their calling is to help as many people as possible …

Can you imagine the sense of urgency someone like this has … to be able to announce the next four words …

We Found a Cure!

More next week on what may happen when those are transmitted across our cell screens….

To think we aren’t getting closer daily, would be to bet against some pretty sharp minds and technology…

Not saying it’s tomorrow… just saying it’s likely out there somewhere!

Now that’s a POSITIVE FRIDAY heading into your weekend!

Oh… do us all a favor  … kindly wave at every stranger you see, it will make you feel better and the stranger too …. Take note of how EVERYONE will kindly waive back with a bit of happiness … What we have noticed!

Have a Great “Want to be an Edison” 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

Amazed How Seamless Virtual Became Reality! … A Cell Phone Comparison

Do you remember your first experience with a Cell Phone ?

Not talking to the youngsters here – haha – you guys should read what happened though!

At first someone else had a cell phone, and they were likely seen as braggers or show offs….mobile-phone-246906__480

Slowly (over years) the stigma subsided and the cost of a cell phone began dropping with incremental speed of use and additional features.

Do you know anyone who does not have a cell phone? Probably Not

Virtual Was Pushed On Us and We Did Just Fine

This week on a Quarterly Earnings Call, a publicly traded company that is directly in the middle of Virtual said…

“In Two Months Over Two Years of Integration in Virtual Just Occurred”

Isn’t that pretty cool!

We should all pat ourselves on the back!

Only thing needed is an internet connection …  most phones now double as Hotspot … trouble easily averted

Stigma is Gone on Virtual meetings and get together’s …

Countless talk by tons of Smaller offices …

Less Travel Expense …

Yea, maybe a bit more impersonal …

Nothing will ever replace Face To Face, a nice hug or handshake !!

Given the circumstances … nice welcomed pivot!

Have a Great “Virtual Embraced” 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

 

Recovery Rebate Website Finder Updated – Where’s My Rebate?

Long time followers know posts usually occur on M-W-F, but in an effort to get updates to you guys quickly and share information, deviations have occurred ….

On Thursday of last week while helping several people determine if they were due a rebate AND where might it have gone…. a message announcing a three day shutdown for upgrades occurred.

Good News on the other side!

Recovery Rebate Website has been Updated

Sunday, late morning, an email was received from the IRS announcing that indeed the three day shutdown was for an update.

Checking a handful of folks that had not received their rebate, multiple, but not all were now showing a more descriptive explanation of where and how they would be receiving their rebate.

Here is the direct website…again be careful as included in the email from the IRS were multiple warnings about fraud…

https://www.irs.gov/coronavirus/get-my-payment

Here is a screen shot to make sure you are going to the correct website…. bad guys would love you to enter your confidential info… make sure the site you see, looks like this:

IRS Recovery Rebate Site

Have a Great “Found My Recovery Rebate” 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

PPP – Paycheck Protection Program – Part Two – Opens Again TODAY – Do not Hesitate if you missed the first time!

Last Friday April 24, 2020 a second round of the PPP AKA Paycheck Protection Program was approved and signed into order. With the benefit of hindsight and experience of Round 1 we can now offer even more pointers and helpful hints!

PPP – Paycheck Protection Plan Part 2 – Updated Tips SBA Logo

Do Not Delay – In less than two weeks the original program was completely diminished of all available funds, and this round has slightly less total funding.

Double Check Original Loan if you missed – If you tried with no success in round one, immediately contact your bank and status your original application… fingers crossed in not loosing our place in line, but each lender may treat this differently.

Smaller is Better – The big banks are having trouble processing these likely due to volume – if you have a small banking contact that’s a better possibility – if you do not have a small banking contact right now an attempt to arrange one will likely be fruitless as they will be very busy as well and are taking original clients first.

Sole-Proprietors and Business Owners -As a reminder this plan is for Sole Proprietors – Self-Employed or Businesses with employees who have been adversely affected in one way or another by the lock down/Virus.

Reminder of Loan Amount and Terms – The  loan is for 2 1/2 times your monthly average for last year as long as you have the same or more employees and will be available and if the loan is used in eight weeks with 75% or more being payroll it will be forgiven! No taxes, totally free money!

Open a New Account for Funds -Not surprisingly there were some buyers remorse and the federal government has let it be known that they’re serious about the use of these funds.  We highly recommend you open a second account and keep copious records on how you’re using these funds or you may have scrutiny problems in the future dealing with forgiveness!

Pandemic Unemployment May Make More Sense – Those self-employed if you showed little or low income last year you may be better off to attempt the Pandemic Unemployment Benefit which is $600 a week for Four months or until income commences – TIP- Our experience with this is that the unemployment agencies of the separate states are extremely backed up and will likely take a longer period of time to commence these benefits – Be patient!

Again, time is of the essence, if you missed Part 1, get going … these funds likely will not last long!

Have a Great “PPP Part 2” 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

Fun Chart of Terms of Service … The Tiny Print We Never Read …

Usually excitement to get going pushes us all through the “Accept Terms” portions of whatever instrument we are looking to use…. Present party included of course!

Ran across this fun chart…. comparing the length of that Tiny Accepted Terms….

From our friends at Visual Capitalist

Length Comparison Of Tiny Print

length-of-service-agreements-1

Have a Great “That’s A Lot of Tiny Print” 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