I’m now four chapters through Bull’s Eye Investing by John Mauldin. I’ll post a full review once I’ve finished the book, but the basic message is that we are in a secular bear market1. What that means is that, despite the fact that in any given year the market could be up or down, over the next 7-15 years the market will post a loss overall. Mauldin asserts that broad investments in the stock market over the next 10 years should expect returns of 0% (if we’re lucky).
I’ll wait until I review the book to state how I stand on the Mauldin’s predictions and whether or not we are in a “new economic era”. However, assuming the stock market (in general) is a bad investment right now gives us an opportunity to think about and discuss other investment options. What do you invest in during a bear market? Real estate, bonds, small-cap growth stocks (and other individual stocks that look to perform well), and art is a good start.
Over this week, I hope our team will provide some insight into these investment opportunities (and others) and maybe comment on the general health of stock market investing. Enjoy.
 Wikipedia entry for “Secular Bear Market”.