Where to Invest $10,000 in a Bear Market

Bear markets happen on average once every 3.6 years, according to data from Hartford Funds, the mutual fund company. That makes these events relatively common -- and while that can be scary for investors, there is a silver lining. In 100% of the cases, a bull market followed a bear market. That means these otherwise difficult market downturns present excellent opportunities to buy shares of great companies on the dip.

No one knows when the next bear market will happen, but it pays to be ready to pick up stocks from the discount bin when it does. Read on to find out why purchasing shares of Eli Lilly (NYSE: LLY) and Moderna (NASDAQ: MRNA) could be an excellent way to spend a spare $10,000 during the next bear market.