We will leave the drama headlines for other sources, as there are of course many that will come from the recent West Coast Bank Failure….
Being our second major Rodeo on this one, the Great Financial Crisis (aka GFC) of 07-09 the first, we are reminded of several things – This is NOT the 07-09 Crisis – Don’t go there…
Here are some observations:
- Risk happens slowly, then all at once (money moves faster than 15 years ago too!)
- Fears may jump from one to the next during problem times- quickly
- Events rarely repeat (lightening strike same place twice) but they sure do rhyme
- It takes a long time for events to play out, not withstanding our first point (this is likely not over)
- Banking is all about confidence … oddly most recently a storm in the south caused a loss of confidence in gas inventory in our neck of the woods… within hours all gas stations were out of gas! Sound Familiar?
Advanced Analysis Replay – Pat ourselves on the Back Here
Part 2 of our Advanced Analysis – Recall and Reminder – The M2 Discussion
M2 Turns Negative for the First Time and that’s a Long Time!
Posted on January 18, 2023 by John Kvale CFA, CFP | Leave a comment
There are tons of measuring sticks out there…. almost all of which we look at and follow, at least at one time or another…..
What grabs our attention is when the measuring sticks do unique things….or have never happened before!
Why are we watching this?
This draw down of money in the system may put pressure on certain risky players i.e. Companies that use Junk or High Yield Debt!
Closing Thoughts:
We mostly stay away from these “HOT” or maybe even Negative topics, but wanted to let you know we watch this, have spoken in advance of some of the risks, and are using past experience to help guide and monitor the situation!
Have a Great “Experience Matters” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
$treet-¢ents 
Q2 2023 J.K. Financial, Inc. Newsletter … Tax Reminders – Still time for 2022 Savings … M2 Pilot Advanced Analysis Series Review … By John Kvale CFA, CFP …
Welcome to our Video and Audio Podcast Review of our Q2 2023 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 the Download button below, 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
BREAK IN : From Parting Thoughts in the Newsletter
If you are not receiving our street-cents.com blog posts weekly Monday, Wednesday and Fri-day, please reach out and let us know. We have entered the late cycle portion of this economic slowdown and items are moving much quicker than our quarterly newsletter so we are posting frequent and very important items amongst our sometimes-humorous articles for your review and knowledge.
Let’s get going! We hope you enjoy!
Q2 2023 Newsletter
(YouTube)
Last Minute Tax Planning and Reminders
After a small top of the mind reminder that it is ok to pay taxes, we do not want to pay zero today and then pay at a much higher rate in the future, we certainly do not want to pay ANY more than we have to, we go into several reminders….
The SEP and the Spousal IRA – two things we can do now that will help last years taxes….
Important Reminder about reporting :
Just because we did not receive a tax form personally, does not mean that the IRS did not receive some type of notification of that taxable event! If you had a transaction, usually of some out of the ordinary type, that you did not receive a tax form for, we are not out of the woods and you should report it.
Lastly, comments about the possible rolling of 529 into Roth… the answer is still up in the air with additional legal clarity on this… but it cannot start until 2024 anyway!
Happy Anniversary Rate Increases
While hard to believe, the monumental rate increases (fastest of a life time in %) just started about a year ago
M2 Broad Liquidity Measure Tightens
In another – not kidding here – never seen before, M2 one of the broadest measures of liquidity, turns negative and makes our Pilot Advanced Analysis Series…
First spoken about in January, the effects are being felt through the financial system.. but not where we had expected so far….
Have a Great Finally Here Spring! Talk in the 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
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Posted in Economy, FOMC, General Financial Planning, Interest Rates, Investing/Financial Planning, John Kvale, Market Comments, Newsletters, Personal, Podcast, Retirement Planning, Tax Related, Video
Tagged Advanced Analysis, Interest Rates, M2, Newsletter, SEP, Spousal IRA, tax