ETF's for Dividend Income

Instead of exposing yourself to individual stock risk trying to get high dividend yields, try a dividend ETF. Here is a good list of some dividend ETFs that can provide cash flow income:

Preferred Stock ETFs for Attractive Yields

http://finance.yahoo.com/news/preferred-stock-etfs-attractive-yields-143033023.html

Another great list is here:

Best Dividend ETFs

http://www.dividend.com/dividend-etfs/

Some of the common ones mentioned are:

PFF - the iShares U.S. Preferred Stock ETF it has a 6.05% 12-month yield

PGX - the PowerShares Preferred Portfolio it has a 5.94% 12-month yield

Market Correction

The large market move downward is in my opinion a scared reaction to China's market instability.  China and the US market have been going up steadily for years now and at some point the market was going to stall.  The current market valuations are pretty pricey and there isn't any real reason for many stocks to go any higher based on global market conditions and with China's market going through some issues.

In the days ahead I think the market is going to continue to be volatile moving down and up as people try to figure out what prices should be.  The market is more than likely not going to go any higher until there is favorable news about China or the Fed's decision about interest rates.  I personally think that the SPY (the benchmark for many investors) is going to stay between 185 and 205 until the next earnings come out.