For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

"My favorite conservative idea for 2008 is an exchange-traded fund, iShares S&P Global Telecommunications Sector (ASE: IXP)," says Carl Delfeld, president of global investment advisory firm Chartwell Partners.

The advisor explains, "iShares S&P Global Telecom is an overweight position in our Chartwell's Global Sector Rotation Portfolio.

"Telecoms are presently out of favor but have great strengths and nice yields. This basket of the larger, more liquid companies has 32% exposure to American companies with the balance in Europe and Asia.

"Telecoms have the hard-line capacity to take advantage of convergence of mobile and landline services. Many of the companies in this ETF basket have dividend yields of 6% or better. Overall, I consider this a good, solid core holding."