The question of how far the bear market will still reach in the indices is one that certainly nobody can answer seriously. For an investor, however, two things in particular will pay off: First, to have investment capital ready and second, to know in which shares you will invest. (1) PayPal: Unique competitive advantage PayPal (ISIN: US70450Y1038 - Symbol: PYPL - Currency: USD) operates a payment system that is used to process purchases and sales in online commerce. The former eBay subsidiary is the undisputed market leader in online payment and now has over 305 million active member accounts in approximately 200 countries. If you shop on the Internet more often, you will surely have come across PayPal at one or another time. Similar to credit card companies, PayPal earns a small percentage of every single transaction. And that's quite a lot, because in the last year 2019 alone, around 12.4 billion payment transactions with a total transaction volume of 712 billion USD were processed. (2) Facebook The stock of the social network Facebook (ISIN: US30303M1027 - Symbol: FB - Currency: USD) has experienced an impressive upward trend in recent years, before first some data scandals and then the corona panic put pressure on the stock. Around five years after Facebook reached one billion users, the number of monthly active users exceeded the magic 2 billion mark in 2017 and is currently around 2.4 billion. Since Facebook is succeeding in constantly generating more revenue per user, revenues have so far risen much faster than the number of users. And if Mark Zuckerberg has his way, the 2 billion user sound barrier will not be the last milestone for Facebook. Zuckerberg's declared goal is no less than 5 billion monthly active users by the year 2030. (3) Waste Management, Inc The third value presented is considered an anti-cyclical or defensive investment, i.e. a stock that would not be as badly affected by a possible recession as technology stocks. Specifically, Waste Management (ISIN: US94106L1098 - symbol: WM - currency: USD) is about waste disposal and recycling. Just recently, the World Bank predicted that the global volume of waste will increase by up to +70% to an incredible 3.4 billion tons per year by 2050. Around 8 million tons of plastic end up in the world's oceans every year. Of course, it is not only plastic waste that poses problems, but also many other materials that are not degradable or only degradable with difficulty. In order to reduce the amount of waste, the recycling rate must be increased in addition to optimizing packaging. Waste Management is one of the beneficiaries of these developments. The waste management company, founded in 1968, is listed on the New York Stock Exchange and is included in the S&P 500 share index. Its core business is the collection, disposal and recycling of various types of waste. Customers are private households, cities and municipalities as well as industrial customers. The generation of renewable energy from landfill gases is also becoming increasingly important for the innovative company.