The first half was the one the markets would like to forget. Standard & Poor’s benchmark 500-stock index fell about 21% in the first six months of 2022, the most in any first half of any year since 1970, while the high-component NASDAQ technology fell by almost 30%. Bonds saw their biggest sell-off in four decades, while cryptocurrencies were routed.

Meanwhile, economic indicators are not good. Inflation is at its highest level in 40 years at 9.1% and there are fears of a recession. The job market does not seem as robust as at the start of the year. And the war in Ukraine drags on.

But for some, the bear market is an opportunity for intrepid investors. 24/7 Wall St. has created a list of 20 of the most common types of investing, along with explanations of common successful investing strategies based on the report 10 common types of investments and how they workproduced by financial technology company SmartAsset.

If you are planning to dive into the turbulent waters of stocks, you can either set up your own brokerage account or hire a financial advisor. (Here is 5 tips for choosing the best wealth management company for you.)

The first option allows you to invest quickly, with the possibility of buying stocks, bonds, mutual funds, etc. But the decisions you make are yours alone. With the second option, the financial advisor can help you develop an overall financial strategy and prepare for retirement. (Here is what it costs to retire comfortably in each state.)

Investing can be a daunting undertaking. There are many types of investments, and all of them require some level of experience and research. Each type of investment has a different level of risk and reward, providing various options. Investors should determine an asset allocation that fits their financial goals and weigh each type of investment and how it fits into that allocation.

Click here to see how to get the most out of 10 common investments.