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

It’s Finally Here … Regular Delayed Tax Day Filing this Wednesday – What is Due? Extension Form and Extended Dates

As mentioned Friday, we are almost to the regular filing tax day which has been pushed back due to our current situation…

This is your gentle reminder!

Tax Day and Items Duetax-1351881_1280

Two days from now, Wednesday July 15, 2020 most regular scheduled tax items are due –

  • Individual 1040
  • Form 1041
  • Most Trust Accounts
  • Q 1 2020 ES Estimated Taxes
  • Q 2 2020 ES Estimated Taxes
  • Non Extended SEP Filings – If you extend your return – October 15, 2020
  • IRA Contributions for 2019
  • Roth IRA Contributions for 2019
  • HSA for 2019

Note the last three items especially … this is your last chance … so be sure to double check…

If you punt and extend, remember to pay an estimated due amount or penalties may apply – and note only the SEP above will allow later contributions – NOT IRA !

Didn’t see you filing item or form?

Here is an excellent FAQ from the IRS!

No need to get too fancy … mail or pay today is fine – waiting until the VERY last minute can sometimes create problems.

Have a Great “Tax Reminder” 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

 

Tax Reminder Preview … Taxes Due Next Wednesday… Friday

They may have pushed tax due dates out… but the line in the sand still stands… and it is next Wednesday….

We are feeling the heat, which is excellent…so glad to help!Uncle Sam

On Monday a more direct reminder and details….

After two longer posts this week, we will leave your eyes less strained..haha

Ahhhh… today is a Friday, heading into a mid summer weekend…

Be Safe, Have a Good Friday, and a Super 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

Q 2 2020 Quarterly Review Cover Letter –

The Look Through Continues

As mentioned in the last quarterly summary, Investors and Capital Market Participants are indeed looking through this self-made slow down and into the eventual continuation of the economy.

The FOMC (Federal Open Market Committee) led by Jerome Powell continue to provide support via lower interest rates (likely for a shorter period than during the post 08-09 period)  and asset purchases to help shore up possible needed cash from institutions and participants.

Speaking of FOMC stimulus, should a vaccine or multiple vaccines, (the possibilities detailed greatly in our Q3 Newsletter), occur sooner, rather than later, a faster economic rebound may be in the cards. On the other side, should increase in contagion lead to further Economic slowdown, capital market participants would likely lose some of their enthusiasm.

The Sequel Is Usually not as Scary

One thing about the sequel, should it occur, it is usually not near as scary as the original. No doubt as mentioned again in our Q3 newsletter, many of the worlds brightest are working together and have learned much just over the last 90 days.

With the worlds brightest pushing massive energy to a common goal, the future, especially when dealing with healthcare, is likely much brighter and coming faster than we all think!

Given so many unknowns, we are likely to be captive to positive and negative headlines until the eventual vaccine is discovered.

With the possibility that Investors may have gotten a little bit ahead of themselves, expectation for bumps along the way over the next few quarters have heightened.

Again, why we like having a conservative posture.

Stay safe be well will talk to you in the fall!

Sincerely,

John A. Kvale CFA, CFP

Enclosure (2020 Report)

Two Nice Data Points Last Week You May have Missed…. Housing and Employment … An In-House Perspective Too

In case you were busy last Holiday Shortened week (Hope you had a Happy Fourth of July) and missed a couple of important data points …. here they are

MBA Purchasing Index Continues to Do Great

First Mentioned here, back in March, last week (7-1-20) another very strong reading of the MBA Purchase index, which is an index that tracks purchases of homes, (Excludes Refinances) and gives a good future expectation view of home movement, value and transaction…

Click here for the latest release.

On a personal, in-house perspective, with an unusually high 20 and counting residential home movements SO FAR this year, we are seeing a liquid, fair and fast paced market!

Employment Update – BLS

Then, the BLS (Bureau of Labor Statics) released their update on the unemployment rates…

Yes it is still high, but the drop caught many by surprise and was a much greater drop than expected!

7-2-20 Unemplorment Rate BLS Survey

A pretty Good Good economic release week…again, that may have slipped by you!

Have a Great ” Good Last Week Economic Numbers” Monday!

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

 

 

June 2020 Podcast Video, Financial Planning and Capital Market Update – By John Kvale … From the Road

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!

June – 2020 Video (YouTube)

 

Financial Planning Tip  –

The Virtual Pivot

Oddly, this heading is the same from last month, but has a different meaning…

Here in this post we discussed how many folks are really enjoying working remotely….

In fact, the mentioned study showed that 98% of folks wanted at least some remote time moving forward…now that’s an incredible Pivot!

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

In the future, likely some blending of remote and office…. nothing ever will replace face to face, but a nice blend may cut down on away from family and travel expenses…time will tell.

TSA Throughput Statistics

Over a weekend of surfing stumbling onto the TSA Throughput numbers an idea of sharing via graphic form was posted here in this post.

We even created this neat graph…

6-11-20 TSA Throughput 2020 v 2019

Good thing we did a review of this as the creation spreadsheet made its way to the recycle bend…not any more… it’s safely back now…

Looking forward to reviewing this again in the future to see if this continues?

Capital Market Comments

The Look Through Continues – Expect Bumps

Global markets continue to claw their way back, as investors look through the earnings drop and lowered interest rates help create a tailwind.

Recently, global markets took a few steps back when increases in cases occurred…. this makes sense.

Global markets are likely ahead of themselves….. time will tell, as mentioned in our Newsletter, there is a lot of horsepower aimed at fixing the situation in Unity!

Expect bumps, and headline shocks, both positive and negative … but that’s why we are happily conservative investors at heart!

6-30-20 World Indexes YTD 2020

Have a Great Day – Talk to you at the end of July!

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
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

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

 

 

 

 

 

Medical Advances on the Horizon …. Exponentially versus Linear – Peter Diamantis

Unique to our current situation regarding the Virus, is the one time unity of the world with a common enemy, according to Peter Diamantis…

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.

Good News is Coming

Linear thinking, computing, or any act is essentially a straight line of increases….

Exponential acts are a doubling at each step….

Here is what it looks like in graphic form…

Note how slow Exponential starts in the beginning….

Exponential V Linear

Combine exponential computing power, with 100-200 million people around the world in Unity, fighting a single enemy…..

According to Diamantis, we will not only find a cure, but “An Avalanche” of cures that will lead to many unexpected items:

  • Multiple Cures for the Virus
  • Accelerated medical advances of 3-5 years brought forward in the next 12-18 months
  • Joint efforts of companies for huge progress i.e. Johnson and Johnson and Google
  • Tons of unexpected cures for other diseases, two genetic fixes to cure about half of the 32k diseases that are most prevalent
  • Anticipatory medicines such as wearable devices that alert us to infection early
  • Dramatically lowered health care costs

Think about how stimulative the last point would be to the economy and for society as a whole….

Amazing….

Have a Great “The Future is Bright” 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