Tag Archives: Money Flows

April 2019 Podcast Video, Financial Planning and Capital Market Update – By John Kvale

Hello and Welcome to our April 2019 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 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!

April – 2019 Video

Financial Planning Tip (s) –

Source of Funds Entrance Into Capital Markets

Here in this post we discussed the possible ways to most comfortably enter new capital into the Capital Markets.

Super Safe sources of capital may be best suited for an entrance over time, while funds coming from the Capital Markets, may go directly back into the Capital Markets, especially if risk reduction is also part of the allocation.

Over a 5 – 10 year time frame it does not matter, but why twist an ankle in the short term!

Social Security Event – Questions

Wow – all of these great questions were sent to us for our Event this month…. all were answered, if not directly, indirectly.  We look forward to sharing actual audio (Tom speaks very fast and covered a lot of ground) from the event in a multi-part post series over the summer months! DCIM100GOPRO


  1. Last time we spoke you were VERY certain Social Security would be there for all of us upon retirement – With all of the changes, do you still feel this way?
  2. Can you explain the divorced verses divorced and remarried benefits?
  3. Have you ever heard of someone being offered a lump sum of retroactive Social Security benefits?
  4. November of 2015 ushered in new laws and changes, are there any neat techniques that survived?
  5. Can you explain non US citizen spousal benefits?
  6. We have been told many of the benefit statements are not always accurate, understating the actual eventual benefit, has this been your experience?
  7. How much can I earn and not receive penalties if I retire before my full retirement age?
  8. The Full Retirement Age keeps being pushed out, will this continue? Is there a schedule?
  9. How long do I have to report my Social Security earnings if they were not reported by an employer?
  10. For many years I did not draw on an ex-spouses earnings by accident – using only my earnings benefit, can I request some sort of look back to get my full benefits?
  11. If want to change my Social Security election decision after I made it and have been drawing benefits, Can I do that?
  12. Do I have to take Social Security Benefits ? What if I do not want to?
  13. Is it better to sign up in person or use the website, or does it matter?
  14. My wife is not a US citizen, does that affect her spousal benefits?
  15. Will Social Security always be there in your opinion?
  16. What percent of people take benefits early, at full retirement age and as late as possible?
  17. I am 65 and working with a good healthcare plan. I wasn’t going to sign up for Medicare until after I retire. However I am told a Medicare Part F; a supplemental plan eliminating deductibles, will not be available after 2019; Should I enroll and sign up for Part F?
  18. I was married for more than 10 years to a high income earner, if I get remarried to my new spouse who is not a high income earner, will I give up benefits?
  19. Have you seen any of the on-line Social Security Optimization Programs? If so, any you like better than others? (From JK)
  20. What are your thoughts about an income based phase out of Social Security in the future? Much like the penalty for W-2 income and having started early Social Benefits ? (From JK)

Capital Market Comments –

Happy Again

After throwing a Hissy Fit near the end of 2018, “Everybody Is Happy” again !

This is a total index chart, note that it has not reached new highs yet, however many other indexes have.

Let’s not forget that we DID have an inverted yield curve which is a great predictor of a pending recession …. only the Shadow knows when! We have our eyes peeled!

4-29-19 Vanguard Total World Index Fund


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

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

February 2016 Video, Monthly Review, Tax Tip By John Kvale

Here is month two of our New Formatted monthly review along with a short video that goes into greater details. Hope you are enjoying!

 February 2016 Video


Financial Planning Tax Tip and Updates

As noted here, we had our first incidence of fraud in February. Be sure to keep your guards up.

Our favorite tax savings ideas that still work for last year (2015 taxes):


  • Itemize your standard tax deduction
  • HSA- Health Savings Account
  • Fund an IRA
  • Simplified Employee Pension – SEP deduction/contribution against non W-2 income (1099)


Politics: Trump V Hillary ?

Should be interesting as we get into the big states in March …

Favorite Quote from Ian Bremmer ..Ian_Bremmer,_2014

On visiting with 20 of the top 100 CEO’s in Davos, EVERY single one told Bremmer …

“Our company will make no major changes whoever is elected President later this year !”


Capital Markets: Support and Resistance

While the headlines and the ride has seemed wild from a market perspective so far this year, the reality is that US markets are bouncing back and forth within a very defined range.

The bottom of this range is a very distinct 1810 (stopped twice, right on it, and turned around) on the S&P 500 with the upper as marked in the chart.

Is the third time a charm? Very possibly ..

2-29-16 SP 500 chart w H Resistance lines


Have a Great Day!

See you again at the end of March !

John A. Kvale

8222 Douglas Ave # 590
Dallas, TX 75225



Due Diligence Meeting Take Away … Money Flows

As you probably know by now we watch and sometimes worry over what the crowd does.  Coincidentally from our last quarter performance cover letter:

 … When the tide goes out we see who has been swimming without clothes. While it will not be us, the current is sometimes strong for all….

Due Diligence Meeting Takeaway

Earlier in August I attended a due diligence meeting in the land of the Longhorn. One of the key takeaways from this meeting can be seen on this chart presented at the meeting.

Dimensional Flows

This chart compares the industry money flows to this company, Dimensional. Our concerns are especially deep in the fixed income arena, as we feel many are hiding in certain areas of the fixed income asset class without knowing the risks …. Especially in High Yield (we have long avoided.)

This due diligence meeting was well worth it, as we were impressed with this firms logic, depth and restricted access by investors. We are beginning to integrate into portfolios.

Have a Great Monday …. Sorry so heavy, but we felt it worth discussing!

John A. Kvale CFA, CFP

8222 Douglas Ave # 590
Dallas, TX 75225

Money Flow Update, Long Weekend, Happy Memorial Day !

Investor Money Flows continue to move heavily towards bonds, but light is shed on the sources.

We have wondered out loud  (Page 6-7) where and why investors are pulling cash in order to chase elevated bond funds, and it appears, according to ICI, Investment Company Institute , that much of the fund flow is coming from Money Market Funds. 

From ICI’s latest report, Money Market Funds lost $125 billion in March, with April inflows to Equity funds marked at $13 billion, and Bond Inflows showing a whopping $27 billion with no signs of slowing.

A few interesting total asset values according to ICI:

Total Fund Assets $11.2 Trillion

  • Stock Fund Assets $5.3 Trillion
  • Bond Fund Assets $2.4 Trillion
  • Money Market Fund Assets $ 2.9 Trillion
  • Hybrid (Stock/Bond) Assets $ .69 Trillion

    Memorial Day

This weekend marks the official start to summer for the Kvale family, as pools open, (finally, according to thunder and lightning…my 2 and 5 year old) and Memorial Day is honored on Monday, May 31st, 2010.

Enjoy your long weekend and have fun with the special ones’ in your life!