Welcome to our monthly Economic, Capital Market, and Financial Planning tip of the month.
This months Financial Planning Tip of the month is when you may NOT want to file an insurance claim !
Once again a special thanks to all of YOU … the best clients and friends, as your experiences have again given us the subject matter for our Financial Planning Tip of the Month.
For those new to our writings, we touch on the most pertinent Financial “stuff” along with a video of my mug that has even more specialized details of the latest month as well as this post.
YouTube Direct Link
When NOT to file an insurance claim
- Deductible is near the full value of claim or the net claim is very small — not worth the ding on your history
- Inability to prove value of claim- i.e. Jewelry
- Coverage amount has greatly declined/depreciated – old roof
Thinking of insurance as a major dollar safety net (not piggy bank) is a good idea and will keep you on the correct path in most cases. Also… One of the biggest reminders is to know your coverage and think twice about calling your carrier as you may end up with a chink on your record, just by calling!
We were honored to have our article posted on ABC News, USA Today, Yahoo and credit.com. Best of all, this was an actual experience and conversation!
Give us a call if you have any confusion/questions!
Commodities falling No more – Maybe?
Last month we mentioned commodities- oil had fallen dramatically.
Certainly could go lower. Hated by many – Zig when others Zag!
Suddenly there is life in oil and commodity related instruments.
Time will tell!
Have a Great Day!
John A. Kvale CFA, CFP
Just how big is Oil … Friday Away from Office
A really cool chart follows below. After a big Roth article mid week, we thought it nice to coast into your weekend…
Today is a Friday and I am out of the office, returning on Monday… Enjoy your weekend!
What a fabulous chart by VisualCapitalist…
So much is always spoken of Gold or other Commodities such as Silver or Iron. This chart puts it all into perspective.
Think a movement from $140 to $28 a barrel doesn’t have a global ripple ? Think again!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
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Posted in Investing/Financial Planning, Market Comments
Tagged Commodities, Oil, Roth