| Imagine that in this bear market, as prices are going down seemingly every single day, you looked at the prices of your stocks and shrugged at the insignificance because you were certain they would return to their previous value - in fact, they would have to. I'm not talking about the fact that stocks go up over the long term. While they do, some stocks never recover their losses. No, unfortunately, I'm not even talking about stocks. But there is a class of investments that have gotten beaten up along with nearly every other asset class - with one major difference. These investments not only will recover their value but also will earn a profit. It's dictated by law. The stock market is getting hammered, seemingly every day. Eventually, the hammering will stop. Stocks will bottom. Maybe they'll bounce right back quickly. Maybe they'll take a while to rebound, a phase known as basing. That could take weeks, months or years. And some individual stocks will never come back. Bonds are also down due to rising interest rates. But unlike with stocks, with bonds, you know for certain what the price of your bonds will be on a certain date. Most bonds mature at par value ($1,000). That means on the date the bonds mature, the bondholder will receive $1,000, no matter what they paid for the bonds or where they're trading at maturity. For example, if you spend $900 on a bond that matures on May 1, 2023, and today it's trading for $800, you will still receive $1,000 on May 1, 2023, unless the company goes bankrupt. You'll also collect interest along the way. Because bond prices are falling with rising interest rates, they're presenting the best opportunity to own them that I've ever seen in my career. Abby Joseph Cohen, the famed former Goldman Sachs partner and current professor of business at Columbia University, agrees with me, telling Bloomberg Television last week that this is the best opportunity in 20 years for individual investors to buy bonds. | 
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