"Buy bonds," says income expert Neil George, adding "More and more folks are heading for the door on stocks and are moving toward quality."

The senior editor of Personal Finance explains, "This means bonds-but not just any bonds: government and upper-tier corporate bonds." Here's a trio of favorites.

"We start with AllianceBernstein Global High Income Fund (NYSE: AWF). This fund owns a collection of government and government agency bonds, along with some selected high-quality domestic and foreign corporates that add to our stability.

"We aren't just locked into the US and the US dollar; we have exposure to the best of Europe, Asia and elsewhere, too. The average duration (measurement of price against changes in yield) is a conservative but attractive 7.4 years.

"The fund generates a yield just shy of 8% and has given us a positive performance of near 100% during the past five years. It trades at a discount of more than 6% to meltdown value.

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.

"If you live in the US, most of your portfolio is probably denominated in dollars -- your Treasuries, stocks, even gold. The same is true for your bank accounts, real estate and insurance policies," explains Martin Weiss and Mike Larson in Safe Money Report.

"That's natural, and we don't recommend turning your financial life upside-down to switch all of your money to foreign-currency denominated accounts.

"But you can protect yourself -- and even profit from -- the dollar's decline with Prudent Global Income Fund (NASDAQ: PSAFX). Here's why we like it and have selected it as our favorite conservative idea for 2008:

"First, the fund holds mostly fixed-income securities denominated in foreign currencies. Roughly 70% of its investments were in foreign debt at the end of the third quarter, with the euro, Swiss franc, and Canadian dollar receiving the largest allocations.

"Second, its fixed-income securities are predominantly under three years in maturity. This gives you reduced exposure to any bond-price declines.

"Third, the fund concentrates on the highest-rated debt, such as government securities. And as an extra dollar hedge, 11% of its assets were recently in gold and gold shares. They tend to rise in value when the dollar falls. "

With the caveat that strategies that lead to higher yields also entail higher risk, let's look at a trio of funds that use unusual strategies to boost their income. One focuses on buying stocks just before their ex-dividend dates, another uses currency swaps, and the third uses a covered call writing strategy.

First, a look at Alpine Dynamic Dividend Fund (ADVDX), a favorite of Carla Pasternak, editor of High Yield Investing. Apline is the only mutual fund included in her "10%-Plus Portfolio".

With its double-digit yield, she considers Alpine "one of the most attractive funds around." Not only that, she says, "its impressive 16.0% average annual return in the three years since inception puts it at the head of its category."

Pasternak explains, "The fund's savvy stock selection is part of its success. Lead portfolio manager Jill Evans is adept at finding undervalued stocks with good upside and dividend growth potential."

And, unlike most open-ended funds that are limited to specific investment strategies, Pasternak notes that Alpine can use just about any technique to lift returns.

The fund's favorite approach is the dividend capture strategy --- in which it will buy a stock right on the ex-dividend date and hold the stock for at least 61 days to take advantage of reduced federal tax rates. In this way, she explains, the fund rakes in more dividend income than it could from quarterly payments alone.

Pasternak adds, "The fund offers shareholders a tax-advantaged dividend stream, which means it can be held in a taxable brokerage account."

Pasternak also likes Lazard Global Total Return & Income (NYSE: LGI), which she notes offers a chance to buy blue chips at a discount. The closed-end fund invests in U.S. and foreign equities.

About half of its portfolio is in U.S. blue-chips like Microsoft (NASDAQ: MSFT), Bank of America (NYSE: BAC) and Exxon Mobil (NYSE: XOM). The other half focuses on big name British, Japanese, and other foreign-owned stocks.

She notes, "What sets LGI apart is its use of currency swaps to cushion its foreign holdings against currency volatility. The fund also uses leverage (borrows money) to pay for the currency swaps."

She explains, "Distributions over the past year of $2.34 provided a yield of 10.2%. The distribution includes a regular monthly $0.1042 payment, based on the fund's managed distribution policy, and $1.0294 in long-term capital gains. Expenses of 1.62% shave off some of that yield."

Meanwhile, she explains, the shares are now trading at a discount to the value of the fund's underlying holdings, meaning you can buy a dollar's worth of assets for less than a dollar.

Richard Lehmann, editor of the industry leading Forbes/Lehmann Income Securities Investor, also looks at an unusual global fund that uses a covered call writing strategy to generate high income.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW) is a closed-end fund which, according to Lehmann, owns a diversified portfolio of common stocks of which 54.57% are United States issuers, 22.12% from Europe, 12.30% from the United Kingdom, 9,79% from Japan, and 1.22% in other areas.

To generate income, Lehmann explains, "They sell call options on a continuous basis on broad based domestic stock indexes and the same on broad based foreign country or regional stock indexes. The income generated by selling the calls makes up part of the fund's distributions, the rest are made up of dividends paid by the stocks the fund holds."

He also notes that the fund is "tax managed", which means it seeks to minimize and defer federal income tax. The sale of index options are considered 60% long-term capital gain and 40% short-term capital gains, no matter the holding period.

The advisor says, "We like the diversification this global fund provides since it is not dependent on interest rates or energy prices and is international in scope. At its current price of $20.32, the fund has an indicated yield of 8.86%. We rate the fund a buy below $21.00 for high-risk investors."

Steven Halpern is the editor of TheStockAdvisors.com, a free daily website which features the latest stock picks from the nation's leading financial newsletters.

Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

Prudent Global Income Fund (PSAFX) is the favorite conservative idea for 2007 from Martin Weiss. The editor of Safe Money Report explains, "The dollar started falling sharply late last year, stabilized a bit this past summer, and is now getting shredded again.

"The main reasons are that we are running gigantic trade deficits month after month after month, and that we owe more to foreign creditors than at any time in history. In addition, our economy is sliding -- while others around the globe are powering ahead.

"This is a big deal in the currency world. International portfolio managers are constantly shifting funds to economies with stronger growth and higher interest rates. If U.S. rates come down a bit -- or even remains flat -- while rates overseas climb, these investors could pull out of the dollar in droves.