Category Archives: Why

Password Safe Keeping Idea, Confidential Portion of Your Personal Vault

Digital Assets, AKA your Passwords have become a challenging item for many. We find that in most cases, one party is controller of them and those single folks may not have an easy back-up.

Did you know your Personal Vault has a confidential folder area?

1 Minute Video –

Confidential File Area of Your Personal Vault

We know many of you may have a notebook with a special area that has all of your Passwords –

Our favorite –

An Excel file, NOT named “Passwords” – that has a very strong Excel password to open the file. You can even have the respective websites linked in the Excel file so when you go to your password file, you just click on the link for the website and boom your browser opens to that page ….

Share that Excel file password carefully, update the file whenever you have to do the eventual mandated password update for your selective sites!

Upload that file to your Confidential Area of your Vault, and you are set.

Have a Great “Safe Password” 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

Why we write here on Street-cents! Explanation of Our Writings – Per Question from the Field (Readers/Followers/Clients)

It’s unclear who pushed across the finish line the final decision to start a blog – memory says a long time journalistic teaching sister, but the Mrs. says she had a hand in it – more to lose with crossing the latter than the former.

In 2010, almost two thousand articles ago, this Blog – Street-cents.com was started!

Recently an interesting article written by Seth Goden said the first 200 posts are the toughest. Not sure if that was true here, but it did take some time to get organized into the current three times per week posts and the discovery of subject matter –

Our Writings

Being shorter format here, when you guys show interest it spurs Newsletter articles, future ideas (Part 2 or 3) and deeper dives into similar subjects.

All of our posts are original such the occasional spelling mistakes, apologies!

Articles are posted M W F at 10:30 AM central time.

What a great way to pivot into subject matter based on YOUR interests.

What a great way to deliver information to a lot of people at once…

What a great way to speak to everyone during trying economic or market times…

Subjects are so various we know not all will apply, our hope is to cover so much ground that we eventually hit everyone…

We do this for information, education, self clarity, communication, and to let you guys know whats going on in our lives …

20190309_162121191_iOSWhen do posts get written?

Mostly at very odd times – The majority of this post was written during an early am rain delayed tennis tournament from a hotel room while waiting for it to dry- not kidding – not sure why the ideas pop up, but an attempt to get the information down here as it occurs seems to make for the best posts!

Why Videos?

Video is to get you even more the spirit of what our subject matter and for those less likely to read, but visually or audibly inclined…

We love it when you comment –

Please share with your friends!

We are complimented, and honored to have you take just a few minutes out of your day to read/listen to our thoughts.

Have a Great “Why We Write” 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

Why the fine print can still be important!

Occasionally it is easy to let our guard down and …. Trust the System….

While we try never to be negative, but slightly skeptical … helps keep unfair practices from our Wallets.

Recent Reminder of the Small Print

This is a quick snap shot from the cell, such the slight blurred view…

Yes that is an annual percentage rate charge of almost 100% – wish we could invest with those types of returns… but this is an annual charge … Think this is the highest charge ever seen…

img_2797

This offer came via a unique letter that look like an offer for a charitable donation … reading the fine print, it was actually a short term loan offer in disguise, sign your name and return the letter and your on the hook for an almost 100% annual loan….

Skeptical, not negative … it happens still ..

Hat tip ZC!

Have a Great “Read the fine 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

Why Source of Funds May Determine Entrance into Capital Markets

Before we jump into this post we know that in 5 to 10 years our starting point hardly matters.

We also know that we’re all human and we like to get off on a good start in anything that we do, especially when it’s dealing with our hard earned capital!

What follows is our belief of the best possible way to get started on good footing, and keep a positive investment allocation.

There are always outliers and unique events – this is a template, and loosely the starting point for funds entering the capital markets … but by no means a written in stone … exact map.

Let’s start with the easypuit-1555653

New investment dollars that came from … say the backyard …  under your sofa … your overfilled emergency fund, or some other super safe and stable asset class . … almost certainly should be work into Capital Markets over time.

Depending on the situation, the amount, the time horizon … the time frame may vary from months to quarters or even longer depending on the situation to gain entrance to the Capital Markets …

A typical scenario would be to divide the time frame into equal parts and allocate over that period of time.

The goal is to take advantage of the ups and downs upon entrance into the Capital Markets ….

Funds such as 401k rollover’s, current investment portfolios that are moving from one pocket to another most certainly do not need this staggered entrance into the capital markets as they were invested already.

An accurate statement can be “If it just came out of the capital markets it can go back into the capital markets” even though it may be cash today.

Here are the gray areas

Of course there are gray areas that need judgment…

A large block of stock options sold. The funds where IN the Capital Markets but depending on the size and the situation, it may not make sense for these funds to be moved directly back into the capital markets all at once.

A sudden liquidity event such as the sale of a business – yes in essence it was in a investment that had volatility similar to the capital markets, but in most cases, risk reduction is desired and a staggered entrance along with a conservative allocation may be the best.

Inheritance..

It all depends on the form?

Some inheritance come in the form of cash … others may come in the form of investments that are already invested – again depending on the situation, it may make sense to stagger entrance, or it may be just fine to  continue the allocation or even re-allocate in one swoop.

Bottom Line, there is no exact way for all situations, but there are ways to go without raising the blood pressure!

Have a Great “Good Entrance Capital Market” 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

Why We don’t like to Move Money on Fridays – Break In – Inverted Yield Curve Update

Break In – On Friday the Yield Curve Inverted for about three hours – we have spoken at length on this subject, but want a little more time to see market participants reactions as well as Fed officials before making a current update.

As a reminder the Inversion of the Yield Curve has a strong recessionary signal some time in the future, frequently years in advance –

Friday’s inversion triggered a series of sell programs that clearly did not do their homework on the possible eventual timing of a recession.

With a Newsletter already in print – coincidentally we had much talk about recessions, and even a definition. The two hour inversion did mess our Newsletter up a bit as until Friday it had not inverted – we will update you more with clarity soon!

Back to our regularly scheduled program/post…

Why we don’t like to Move Money on Fridaysfriday-1270362__480

As a weekend nears, specifically Friday … many’s favorite day of the week, we tend to dislike the movement of funds.

The reason is two fold:

  1. If something goes wrong, the weekend can be/seems long to determine a correction
  2. Skeleton crews frequently man the ship on Friday’s- especially during the summer

Our absolute least favorite movement of funds is sending to all new instructions on a Friday – we rarely do this – and never do before a long/holiday weekend!

There are of course times that money just HAS to move on a Friday, such as the closing of a home (in an abundance of caution, we frequently send funds on Thursday) or a last minute quick fill up of cash.

Regularly scheduled deposits are fine as the calendar determines this and being on such a regimented event, trouble is less likely.

Deposits or draws as we like to call them are a different story. When we are pulling funds from another account, we see the flow of funds from our end and can easily Shepard/see problems.

In a safe over sorry posture, look for us to recommend Thursday or our favorite day, Monday, for the movement of unscheduled funds.

Have a Great “No Friday Money 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

Why Choose Beneficiaries Carefully Part II – Per Stirpes and Pro Rata

In a follow on post to our original Why Choose Your Bene’s Carefully post AND for our own reference – we frequently end up having to go search up this terminology just to make 100% sure we are correct when completing beneficiary information … Here are two hand crafted pictures that should get the job done when choosing Beneficiaries..

Oh… and a precursor to our in depth Newsletter Article coming soon…

Per Stirpes and Pro Rata

In a picture is worth 1000 words spirit…

Per Stirpes

Per StirpesAnd here is Pro Rata

Pro RataIt will be interesting to see just how many times we view this in the future for a refresher!

Have a Great “Correct Beneficiary” 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