"Last March, we featured some counterintuitive advice to buy REITs; that basket of stocks has since doubled in value," notes income specialist Roger Conrad.

The contributing editor to Personal Finance explains, "And while our favorite REITs may not be as cheap as they were 18 months ago, they do offer generous payouts that won't be affected if the Bush tax cuts sunset.

"Not only did our favorite REITs pass the toughest stress test in decades, but they also operate in attractive localities and are flush with cash thanks to recovering equity values and attractive borrowing rates.

"The market is pricing publicly-traded partnerships as if they're headed for bankruptcy," says Neil George who sees high yield and value in select issues. Here's two ideas from The Partnership Letter -- a global infrastructure play and a real estate investment trust.

"There are some darn good partnerships out there that are indeed worth the near-term risk, even amid the probability of lower stock prices.

"Partnerships are characterized by high cash generation and the maximization of depreciation and other tax deductions. They then pay out as much cash as possible to unitholders. And with prices so low, we get to buy into assets that in many cases are worth a lot more in terms of liquidation value.