# New Investors Should Hope for a Terrible Stock Market Page: https://stenobird.com/podcast/making-money-6148646/new-investors-should-hope-for-a-terrible-stock-market Text version: https://stenobird.com/podcast/making-money-6148646/new-investors-should-hope-for-a-terrible-stock-market.md Podcast: [Making Money](https://stenobird.com/podcast/making-money-6148646) Published: 2026-05-25T05:00:00+00:00 Episode link: https://mgln.ai/e/p753098/traffic.megaphone.fm/SPRINGFINANCIALLIMITED5077169449.mp3 Audio file: https://mgln.ai/e/p753098/traffic.megaphone.fm/SPRINGFINANCIALLIMITED5077169449.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/making-money-6148646/episodes/new-investors-should-hope-for-a-terrible-stock-market Duration seconds: 2993 ## Resource What’s the best kind of stock market for a new investor? Most people assume you want years of rising prices. But Andrew Clare, who’s spent decades researching investing, says that’s not always true. Here’s Andrew’s paper: https://doi.org/10.3905/jor.2025.1.180 ❓Survey - how are you saving for your future? ⁠⁠⁠⁠⁠⁠https://makingmoney.email/survey⁠⁠ 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Sponsors Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney Xero accountancy software - get 90% off for 6 months: https://referrals.xero.com/makingmoney – If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. What’s the best kind of stock market for a new investor? Most people assume you want years of rising prices. But Andrew Clare, who’s spent decades researching investing, says that’s not always true. Here’s the paper we discuss: https://doi.org/10.3905/jor.2025.1.180 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Spo… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/making-money-6148646/episodes/new-investors-should-hope-for-a-terrible-stock-market/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/making-money-6148646/new-investors-should-hope-for-a-terrible-stock-market.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.