For an entry point I think a stock like this is perfect to pick...

For an entry point I think a stock like this is perfect to pick up in any market correction. That way your going to get a very secure fully franked dividend yield in the low 4s (as in 4 percent) and be pretty much guaranteed to benefit when the market inevitably picks back up (rather than trying to pick individual stocks for a comeback) . Another easy measure of value is the monthly NTA as we've been discussing. Past history suggests these guys are usually no more than 5 percent either side of their NTA value so if you can pick it up at a discount your doing quite well.

Luk 26 our correct on the ETFs you can get a "tailor made" one for pretty much any sector of the market you would like. Another option if your looking for diversified exposure would be an LIC such as Mirabooka or WAM microcap (which both specialize in smaller companies and pay high fully franked yields) or good global options would be PIA or WAM Global (which just listed recently).

They do tend to get hit harder in downturns but on the flipside the potential gains are much higher as their is less coverage at the smaller end of the market so it's easier for a specialist fund manager to discover a bargain that no one else has. They still stay pretty diversfied and I know the WAM fund often holds quite a bit in cash so they aren't high risk by any means.