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.
jkfinancialinc
street-cents
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Thoughts on the Capital Markets Reactions as they Relate to Different Election Results
If you followed our writings for any length of time at all you notice a clear absence of political discussions!
We’ve had multiple visits on market reactions and wanted to clarify here publicly, without political comments of course.
Possible Market Reactions to Differing Election Outcomes
What follows is a carefully written, candid explanation of what we think the Capital Markets may do under several scenarios.
Insert your own probabilities of outcomes so that you may have an expectation of how Markets MAY react.
In order of our estimates of most disruptive to least disruptive:
Hanging Chads – No one is elected and a lengthy battle ensues – In our minds, most Market disruptive – Participants dislike uncertainty
Clean Sweep Either Direction – This may surprise you, but participants generally favor a partial party political holding
Partial Party Holding = Inferred from the points above – Partial party holding in either direction is likely least market disruptive
There you have it, maybe some surprises …. but our thoughts on possible market reactions … no guarantees of course, but in fielding a few questions, we thought others may like to hear as well!
Have a Great “Elections Market Movement” 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
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Posted in Investing/Financial Planning, Market Comments
Tagged Election, Markets Reactions to Election, Us Election