Traditionally safe dividend stocks have been whacked along with everything else by this credit crisis, as struggling companies are forced to slash payments. But David Newman says Reverse Convertible Notes are little-known securities that truly guarantee a steady income. And you never have to own the underlying stock…

More from David at The Sovereign Society:

Dividend-paying stocks used to offer a way to “play it safe.” Especially during bear markets, the regular paychecks could help “soften the blow.” But not anymore.  The truth is; dividend investors are getting hammered.

The Wall Street Journal calculated that 36 companies in the Standard & Poor’s 500-stock index have cut or suspended dividends this year, removing $33.3 billion from investors’ pockets.

And of the 7,000 or so publicly traded companies that report dividend information to the S&P, 138 decreased their dividends during the third quarter… a 15-fold increase from the same period last year.

And since these

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ETF and ETN are becoming more and more popular products for many investors. Sometimes it is used for investing before "real" stock trading. Both offer many advantages compare to mutual funds. Exchange traded funds or notes you can traded directly on exchange. It means you can buy or sell anytime for market price.ETF are still dominant with assets value $602 bln. ETN now accounts $6 bln but increasing rapidly during last year. We could see almost 200% growth in assets value from $2,1 bln to current $6 bln. ETF market grew by 26%.ETN market is not only Barclays' as it was still one year ago. Swedish Export Credit, Deutsche Bank, Bear Stearns, Morgan Stanley and others now take around 20% of its value.Category allocation for ETF and ETNRelated tickers: (BCS), (EEH), (DB), ...