The low interest rate environment is telling you that capital is in high supply relative to the demand, ie capital isn't very valued. So there is NO good invest

The low interest rate environment is telling you that capital is in high supply relative to the demand, ie capital isn't very valued. So there is NO good investment strategy that primarily relies on bringing capital to the table as the main way to add value. Therefore, the investments to look into are those in which capital is just part of the package and where some other economic factor (eg land, labor, ideas and risk taking) is a critical part of the value added. No guarantee they'll do better or you'll find anything, but I believe that's where you could look and actually have a chance of finding something. E.g., real estate, small business, etc. Those things are also generally traded on relatively inefficient illiquid markets, which is also great -- the averages apply a lot less then. By analogy, if you're looking to get into the business of finding $20 bills on the ground, you might want to focus on poorly-lit areas, because someone else will probably grab the ones in the well-lit areas. In low interest rate times, efficient markets like securities are traded on suck. The fewer people can realistically participate in evaluating the value of and/or trading in a given asset within an asset class, the better. Just my unprofessional hobbyist opinion though, would love to hear any disagreement or other thoughts! I'm not currently practicing what I preach (can't afford to yet) but by the time I can this is the direction I'm thinking of exploring in, rather than investing more than a token amount in securities. As you say, the interest rate environment has gotten so abyssmal it no longer feels like there's much point.