4.2 • 1.5K Ratings
🗓️ 9 September 2025
⏱️ 46 minutes
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| 0:00.0 | Good morning, everyone, and welcome back to at any rate. |
| 0:13.3 | My name is Evan Ray, and we're here to help you make sustainable financial changes without breaking a sweat. |
| 0:18.4 | And today I'm going to be discussing a topic that's never, ever fun to talk about with someone who is always fun to talk about or with, whichever way around, |
| 0:26.5 | Andrew Sather. Hey, what's up? I don't know. This is kind of fun to talk about for me, so I'm a weirdo, |
| 0:32.4 | but I understand it's not fun for most people. So we'll do our best, right? |
| 0:44.0 | Yeah, 100%. There's pros and con. So we have to discuss a disappointing topic, which is downturns. |
| 0:48.2 | We always talk about the stock market a ton. We think it's an incredibly powerful, positive tool for a lot of people to affect a ton of financial change in their lives. But it's a fact of life and it's a fact of the market that it's going to turn downwards. |
| 0:58.0 | It's going to trend downwards for a while for weeks, for months, for years. |
| 1:03.1 | And it's an important topic for that reason to discuss and find ways for people to make their way through it |
| 1:10.6 | and even to improve their lives through it and even to improve their lives through it |
| 1:13.3 | and also to understand what's happening or why it might be happening. |
| 1:16.9 | So to give a bit of an explanation, downturns are usually tracked through things like the S&P 500. |
| 1:22.2 | Now that's an index that attempts to track the overall market. |
| 1:26.5 | So the S&P 500, for example, takes the top 500 companies |
| 1:30.0 | in the stock market, lumps those all into a fund weighted by how large they are, and then that |
| 1:36.2 | index is meant to track how the market is performing. So ideally, if the S&P 500 goes up 10%, |
| 1:42.0 | the market overall has gone up 10% and whatever other change |
| 1:46.1 | you can imagine. |
| 1:47.4 | So that helps you get an idea of what's happening with the market. |
| 1:50.4 | So that helps us see, well, if the S&P 500 is tracking down maybe 10% over a year or something, |
| 1:55.6 | then the market is having some kind of a downturn. |
| 1:59.1 | Downturns around like 10 or so percent usually indicate some |
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