You can download Evan’s free monthly budgeting spreadsheet here: https://einvestingforbeginners.com/budget/

In this episode of At Any Rate, Evan Raidt is joined by Andrew Sather to talk about something most investors don’t realize is shaping their decisions: the market environment you “grew up” in. Andrew shares what it was like starting to invest in 2012 in the shadow of the Great Financial Crisis—when fear was high, bonds were still considered “prudent,” and energy stocks dominated the conversation.

Together, they break down the pros and cons of starting in an up market, down market, or flat market, how recency bias and herd mentality mess with your judgment, and why the best antidote is simple: more education, consistency, and automation.

Topics Covered:

How your “starting market” imprints your investing mindset (up, down, or flat)

Andrew’s 2012 investing experience vs. Evan’s late-2021 experience

Recency bias, herd mentality, and why fear/greed can flip your decisions

Practical ways to stay grounded: education, consistency, and automation

Avoiding “next big thing” FOMO (AI hype, NVIDIA chasing, Buffett comparisons)

Timestamps:

00:00 Why your investing “timeline” matters

01:03 Andrew’s first stock purchase

02:35 Post-GFC mindset

04:30 2012 market vibe

05:30 Why Andrew stayed frugal but kept investing

07:05 Evan’s late-2021 start

08:35 “This is easy” mindset—and the warning from a mentor

10:25 The moment it flipped

13:45 Three market “start” scenarios

16:05 Down-market cons

18:30 Greedy vs. fearful

24:50 Practical takeaways

29:15 Andrew’s advice for new investors today

33:00 Closing

Resources Mentioned:

Free monthly budgeting spreadsheet: https://einvestingforbeginners.com/budget/

Email the team: [email protected]

Email Evan: [email protected]

Have questions for Evan or Andrew about getting started (or staying consistent no matter what the market’s doing)? Comment below or email Evan—he’d love to hear from you.

Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate, we’ll see you next time.

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

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