Animal Spirits: Listener Mailbag

Today’s listener mailbag is presented by Naviplan by Invest Cloud:

Michael and I dive back into the mailbag to go through a bunch of listener questions with a little help from our friend Tony Stich.

If you have a question for the show, email us at

We discuss:

  • Why do we talk about bonds in terms of yield and stocks in terms of price?
  • Do commodities belong as a long-term holding in a portfolio?
  • The psychology of sitting in cash and waiting for the fat pitch
  • When should you refinance your mortgage?
  • What is a mortgage recast?
  • HELOC vs. cashout refi
  • How to break into the wealth management industry
  • What’s the best way to network for a new job?
  • Why do prices keep going up if technology makes life more efficient?
  • Why inflation is preferable to deflation
  • Why isn’t gold working in this environment?
  • Can a 3-fund portfolio strategy work for you?
  • The pros and cons of funding a 529 plan for your children
  • Is confidence a prerequisite for being a successful financial advisor?

Listen Here:



Contact us at with any questions, comments, feedback or recommendations.

Follow us on FacebookInstagram and YouTube.

Check out our t-shirts, coffee mugs, stickers and other assorted swag here and here.

Subscribe here: