Category Archives: Personal

Heavy Week Concludes … Month End … Family Favorite Coming … Friday …

With two heavy posts this week, here and here and not only were they heavy, but they were about the FOMC (Federal Open Market Committee), Interest Rates, CPI (Consumer Price Index) and the Trimmed Mean Inflation measures…. Y.A.W.N for many!

Ya Ya we know you guys may not find this stuff as interesting as we do, but we like to at least let you know what we are watching and call attention to some of this so as to know what may or may not change or cause issues… thanks for the reading this week….

Month End Coming

With the afore mentioned heavy posts and month end coming along with two Video reviews shortly (Newsletter and September) we thought we could slide into the weekend as it is a Friday….

Speaking of Month End…. this brings a family favorite into view OCTOBER which means HALLOWEEEN … (over week ago of rats, pumpkins and a Crow that keeps falling of the front rail of the entry at the house already set up for the occasion) – not kidding – ok so yours truly has become fond of the warmer months along with the long days…. but occasionally the guard is let down….. the Mrs. and Myself from a few years ago ….

Hope at least got a chuckle …. Green Make Up stuck around for weeks

Next week, back to heavy … and lot’s to talk about …

Today is a Friday … Enjoy your weekend and see you 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

Social Media Platforms Deep Dive … Chasing The Kids Next App … Good Luck

About one week ago, both kiddos asked me if I knew that TikTok was scheduled to be banned in the United State – Much to their surprise, I did …. What I did not know, was exactly what TikTok did at the time….

Thankfully with a little help from the kids, I now understand what this social media app does…. not really sure of the popularity … but ok

Had no idea, just how big this app was….

With multiple recent office conversations on the subject, timely chart!

Social Media Platforms Size and Analysis

Thanks once again to our friends at Visual Capitalist, here is an excellent chart of the platforms…

Hope there are fellow parents that are better at anticipating where the kids next hot app will be … for monitoring purposes …

Just got familiar with Instagram, kids gone… all about snapshat and the afore mentioned TikTok …

Talk Facebook to a teenager and they will look at you like you have three eyes…. not kidding!

Good Luck Fellow Parent App Chasers….may the force be with you in finding the next hot app they gravitate to!

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

Whirl Wind Virtual Start to Schools Across the Country … Thank Goodness Friday!

With many conversations this week being very similar… especially near the end of the week … we thought it worth a shout out about our experience …

School officially started for our gang and most others here in the Texas area this week ….

Virtual Commencement to Schools

The start of school in years past meant a teary goodbye and an earlier than normal “Rise and Shine”

Here is what it looked liked this year:

Someone rolled out of bed and jumped onto the laptop, hurriedly….

Two 8 am classes at the same time??? How does that work ?

Pick one and go with it….

Later it was discovered one was MWF and the other TTH – oops, guessed wrong…

Then after the first class, the entire school network crashed….

Text to parent cells worked….

Network back up…. for only an hour… another text to Cell… Network down!

Missed class …..ahhhh, when is next class?

No idea, its different than the in person schedule!

Coming from a family of educators, our sincere compassion for the technological and logistic challenges…

We will get through it and some day soon this will be really funny…but not yet!

Have a Great “Glad First Week School Starting is Over” 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

Funny Friday…The Worst Email You Can Get From Your Office Landlord … Especially while on the Road … A Chuckle for You at Our Expense ….

After two heavy posts this week, here and here … lots of charts that we find VERY interesting, but know not all are as enthusiastic …

How about a personal experience to set your Friday heading into the weekend with at least a giggle… maybe an out right laugh… all at our expense….

Here we go – actual events that just occurred — ENJOY

Oh no….

WATER LEAK !!!

img_7329

And it’s Growing RAPIDLY ???????????

Luckily an email check withing seconds led to an immediate phone call to the management office and an immediate “Ok” for the building engineer to enter our office….

Tick, Tock ….

img_7330

Note the just a moment comment, along with the final email ….

img_7332

That was a long long 45 minutes… for those non-office renters, it is each tenants responsibility to keep their suite tidy and not bother (leak down) on others… insurance for this of course, but never fun and not a claimer!

Thought you might like a fun Friday chuckle garnered from our stress… with two heavy posts early a good funny to end the week!

Have a Great “Whew not our Leak” Friday!

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

 

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

Last Day of July … Bday Weekend …. Friday…

So today is the last day of July …. one of the more interesting July’s (hopefully) we may have for the near future…. Covid and the like.

Next week … the July review with a video podcast as we usually do … will complete over the weekend …

With a full schedule this week, we thought a shortened Friday post was good…

Bday Weekend and Two Decade Anniversaryfiftieth-birthday

This weekend is the Mrs. big half century mark Bday, along with her identical twin sister, mentioned that was equal to a full century, which did not go over well … oops … oh well  … haha

Not only that, but a twenty year anniversary is in the cards next week too !!

Wow… time goes fast when you are having fun….

Will be taking some time out of the office, but always tethered electronically…..

Ahhhhh… but that is all coming soon, today is a Friday… the last day of July … enjoy and have a great 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

 

“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

 

Getting Ready to Mail the Newsletter, Looking for Stamps? … Holiday & Travels Heads Up! Friday ….

Getting ready to send out the Newsletter next week, very excited and hope you guys enjoy.

Here is a sample to wet your appetite (yaa yaa financial nerds) …

Q 3 2020 JPG Newsletter Header

Since it does not have extremely time sensitive information we are sending it to you a little early, in case you have a spare moment due to the July 4 (3rd holiday) weekend next week…

You would never guess the hold up … so we will tell you… Stamps!

Yep, our stamps.com labels ran out, the mail is running slow for more delivery, and best of all …. after Jen and family traveled to MULTIPLE ( a lot) of post offices, there were no $1 stamps…

No kidding … not clever enough to make up how hard it may be to get a good old fashion stamp!

Don’t worry, we will get them out and will have a Video, Blog, Podcast review too!!

Speaking of Holidays, next Friday July 3rd, is a Market Holiday and our office will be closed with several of us traveling around the long weekend…. in state…  not certain of travel Wifi intensity… so maybe slight delays in email responses.

Ahhh…. but that is all next week, this is Friday, heading into a weekend almost exact middle of Summer…

Enjoy and Be Well and Be 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

Robots of Old Versus New Atlas Robot, 3D Printed House for Homeless in Austin … More from Peter Diamantis

Was going to try and stay more with the Medical Advancements … but this is just too neat to pass up AND you will get a full Video coming soon with the Newsletter of the Medical Advances…. some of this has Medical implications/conversation….

Again from Peter Diamantis recent investor Virtual Summit

So let’s go!

Robots of Old

Looks like something out of a cartoon or movie

Robot Old

Modern Day Robot

Several years ago, asked an elder family member if they would be up for having a robot in their home?

“Absolutely not! No Way!”

With a little framing, a different answer …

What if you either had to move to an assisted living facility or the like OR had a friendly robot caretaker?

Hmmmm

With a nights sleep and more inquiries…

“Yea, I would do that if it was safe and reasonably priced!”

3 D Built Home is Austin Texas for the Homeless

Actual home being built completely by 3 D Printer!

Think of the possibilities.

 

 

Thanks Peter… good stuff…just too good!

As professional investors…. watching with great interest!

Have a Great “Robot Caretaker and 3D Printed Home” 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

 

 

 

 

 

New Acceptance of Virtual Pivot … 98% Want to Work at Least SOME Time Remotely … Friday … Heads Up Office Travels Next Week

Hope you liked the midweek, more futuristic post here about the Satellite constellation that looks to bring half of the dark side of the planet into Cell coverage…

In an “You Ain’t Seen Nothing Yet” preview, wait until you see the research coming soon on healthcare and dominating the coming Newsletter… amazing… Digressing…haha

The Pivot to Virtual has Long Term Desire

Here in this post earlier we spoke of how fast Virtual Became Reality…

Not surprisingly, many are fond of the new situation….

Check the stat… 98% interested in some type of “Work From Home” Presence …. some good reasons as well…

Tail Winds for our Homes …. Head Winds for Our Landlords of Office Space …

From our Friends at Visual Capitalist

b8780aea-4b3c-4faa-81fb-b04cae5c29e9-49855-000003ca0134d2d5

Likely a blend of sorts when this is behind us… YES it will be behind us eventually… wait till you see what is coming from our Virtual Research… soon more here and dominated in the Newsletter!

Ahhh…. today is a Friday, in what felt like a more normal (busy) week, albeit most days from home … and out of the office…..

Next week Jen heads to the mountains for some fresh air and much deserved VACA … those few that have called may know she can easily remotely answer the office phone as we are still Phase 1 in our building. Next week she enjoys the mountains uninterrupted…

I will also be out of the office and out of town at the end of next week, but will be tethered electronically !

Enjoy your weekend! Thanks for listening!

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