"Give muni bonds a good look." says Richard Moroney in Dow Theory Forecast, a leading "blue chip" newsletter that has been publishing for over five decades, who offers a trio of Vanguard funds for investors seeking safety and income.

The advisor explains, "Municipal bonds are showing signs of life, presenting investors with an intriguing opportunity." Here, he review the situation and offers some favorite investment vehicles.

"Muni bonds usually yield less than Treasurys because interest payments from municipals are exempt from federal income taxes.

"But in today's topsy turvy market, intermediate-term municipal bonds now yield around 3.7%, versus 3.6% for 10-year Treasurys. A tax-free yield of 3.7% is the equivalent of a taxable yield of 5.5%, assuming a 33% federal tax bracket.

"Uncertainties about the economy and credit concerns have weighed on bonds, lowering prices and raising yields. Hedge funds have also dumped muni bonds in an attempt to cover trading strategies gone sour.

"Brazil is like a rock, a steady democratic economy expanding under the rule of law," notes Richard Lehmann. Here's an recent pick from his Forbes/Lehmann ETF Investor service.

The advisor explains, "The U.S. looks at Brazil's pledge to end its dependence on foreign oil and sees that they accomplished that goal. The U.S. on the other hand has only paid lip service to and talked about energy independence for the past 30 years, while watching our dependency only deepen."

The strength of the Brazilian economy is in raw materials, he points out, specifically metals and mining. Fortunately, he suggests, worldwide demand for their products has been strong.

The advisor states, "The iShares MSCI Brazil Index (ASE: EWZ) is the only game in town for cost-effective and broad-based exposure to Brazil. As a result, he says, the relatively high .074% expense ratio is worth it. Meanwhile, he notes that the fund --- which holds $2.7 billion in securities -- captures about 85% of the Brazilian market on a cap-weighted basis.

For more stock picks from the leading financial newsletter advisors, visit Steven Halpern's free daily website, TheStockAdvisors.com.

I've just returned from the World Money Show, where some 10,000+ investors gathered to learn about global investing. I had a chance to meet with many of the advisors featured at the show, and I will be highlighting some of their favorite investment ideas. To view all of the stocks featured in this special global report, click here.

One of the most popular sectors among advisors at this year's World Money Show was telecom, and John Christy sees long-term opportunity in two leading cell phone makers.

The editor of The Forbes International Investment Report explains, "Fourth quarter earnings for mobile phone maker Finland's Nokia (NYSE:NOK) knocked the cover off the ball. Net income rose nearly 20% to $1.7 billion, beating analyst forecasts.

"And even though the average selling price for its handsets fell, NOK was still able to boost its profit margins. Nokia is also jacking up its dividend by 16%, and is buying back 4 billion euros worth of stock.

"Growth in the Asia-Pacific region topped 60% -- an encouraging sign that the company's strategy of focusing on emerging markets is paying off. Nokia is also planning to roll out a fresh new line of more than 30 handset models in 2007.

"Compare this to Motorola (NYSE:MOT), which has yet to come up with successful replacement for its popular RAZR phone, missed its latest quarter by a country mile, and is now under attack by activist investor Carl Icahn. I'd much rather own NOK.