"If you focus on stocks that pay you to own them -- you'll get your cut over and over and over again as you really won't have to worry or care what happens to the general market; and that will be true today, tomorrow, next month and next year," says Neil George.

In his income-focused Stocks that Pay You, he says, "I have found seven picks that will pay you 7% or more to own them and are perfect for retirement income as well as just building up your portfolio's value.

"The seven fall into three categories: funds, minibonds and preferreds. But what makes them all fit together is that they have proven themselves to keep paying regardless of what the economy or the markets might throw at them -- even the fiascoes of the past several months.

"While I continue to avoid bank stocks and bank ETFs , I very much continue to recommend that you buy and own plenty of nicely high-yielding bank preferreds and bank minibonds for your retirement investing," says Neil George.

In his income-focused Stocks that Pay You, the advisors reviews his favorites among these lesser-known investment vehicles.

"Why invest in banks at all? Because -- as they continue to clean up and bolster their balance sheets -- banks are getting even better credit risks, which means that you'll be even more likely to get paid your high-yield dividends and interest payments.

"Most of the government 's proposed changes for the financial markets aren't new or needed; but what will happen will be a boost for some and a bane for others," says Neil George.

Long-known in the newsletter community for his expertise in income investing, the advisor has just launched a new blog service, Stocks that Pay You. Here, he looks at some winners and losers from the current proposals for financial regulation.

George says, "In my view, these supposedly massive changes amount to window dressing. Banks and other related firms can continue to do what they've always done: cherry pick regulators and play off one regulator against another.

"So, unless we get the government actually empowering the guys down the line inside all of these agencies and departments, don't look for any big changes, because - while the players and the names might be changing - the contest is staying the same.