Financial Investment: A very interesting investing idea

Like investing in big banks?

Want to take advantage of "too big to fail?"

Scared of just investing in one big bank?

Want to diversify but you don't have enough money to adequately do it?

Want an expert to pick investments for you?

Like a 6%+ yield?

If the answer is "yes" to all of these questions, this investment might be right for you.

PowerShares Exchange Traded Fund Financial Preferred Portfolio (PGF) is the answer for you.  This is an Exchange Traded Fund (ETF) which means a focused fund that is traded on an exchange.  PGF is focused strictly on the preferred stock of big banks and insurance companies.  As of right now, it is the only ETF to do so.  PGF holds the preferred stock of many of the biggest banks throughout the world: JP Morgan, HSBC, Bank of America, Wells Fargo, Barclays, ING, etc.

For those who are unfamiliar with preferred stock.  Preferred stock in this case, are shares of stock that have special economic rights -- in this case, a guaranteed dividend.  In light of the recent financial crisis, government regulators are keen on making sure that these banks make these payments on time to avoid spooking the market.

PGF allows investors to hold a diversified basket of high dividend preferred stock from many banks.  The fund itself pays a 6+% dividend to investors.  One can think of this ETF as a 6+% bond.

WARNING: I am not an investment professional.  Do your own research.  I have no current positions in PGF and have no plans to do so in the next 72 hours.  Investing in these instruments is RISKY and you may lose $$$.