Animal Spirits: Listener Mailbag

Animal Spirits Podcast

The Compound

News, Business News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 23 May 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s show we answer questions from the listeners on Roth IRAs, HELOCs, budgeting for home improvements and more with some help from Henry Yoshida at Rocket Dollar. Find complete shownotes on our blogs...‍ Ben Carlson’s A Wealth of Common Sense‍ Michael Batnick’s The Irrelevant Investor‍ Like us on Facebook‍ And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.‍ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's animal spirits listener mailbag, question and answer is brought to you by rocket dollar, rocket dollar is a place where you can go for self-directed
0:09.3	IRAs go to rocket dollar dot com to learn more and as always you can go get the rocket dollar
0:15.1	Guide to self-directed retirement plans at a link to our blogs
0:18.7	Welcome to animal spirits a show about markets life and investing join Michael batnik and Ben Carlson as they talk about what they're reading writing and watching
0:29.6	Michael batnik and Ben Carlson work for writholds wealth management all opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of writholds wealth management
0:40.5	This podcast is for informational purposes only and should not be relied upon for investment decisions clients of writholds wealth management may maintain positions and the securities discussed in this podcast
0:50.8	Welcome to animal spirits with Michael and Ben
0:53.7	This week we are emptying out the inbox got a bunch of questions people as usual remember
0:58.0	Animal spirits pilot gmail dot com I was just thinking I wish there was a way to like chart
1:03.3	The sentiment of our questions over time. That's true
1:06.1	Which by the way guilty, I feel the same exact way as the audience but on the way up it's
1:12.4	Why shouldn't I use leverage?
1:14.5	What's depend on the way down. Yeah actually credit to our audience. We have had very very few
1:20.6	Actually zero we've had zero panic email no no no no no no no no no no no no no no no no no no no no wait no no play
1:25.4	One of the people who sent in an email about should I invest in TQQQ?
1:29.8	That's the what triple leveraged. Yeah, NASDAQ 100 said I'm a 70% he said when it's down 80%
1:36.5	He's gonna get in. He's a buyer still I guess he asked us about that
1:39.8	He said he's still gonna stick to it even we didn't get in the first time. Okay. All right 34 unfortunate to have received a bit of a
1:46.0	Windfall recently enough that if we so it decided we could completely pay off our mortgage
1:49.8	Which is 2.99% at 30 or fixed I tend to be very strongly against this idea
1:54.3	My life is very risk averse and it would bring her a lot of comfort knowing we no longer have a mortgage in our early 30s
1:58.5	I get it but I'm a number guy and would rather put the money to use elsewhere in the market
	...

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