The site Philosophical Economics recently set out to answer the question that every investor is constantly asking: where is the best place to put my money right now? Philosophical Economics’ anonymous author explored several possible options before describing what he or she sees as the best investment today.

Bonds

According to the author, the risk/reward related to Treasuries and high-yield corporate bonds is not particularly attractive at the moment. “Does the potential return that you might earn in a neutral or bearish economic scenario—say a 2% coupon plus a small gain from roll and possibly from falling rates—adequately compensate for that risk? No.”

REITs

While the author does believe that the post-crisis digestion in the U.S. housing market has made it one of the most attractive global markets right now, it’s…

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