PID boasts a number of qualities that make it attractive given this current environment. It is important, however, that investors view this fund as they would any other international ETF. By keeping exposure small and focused, it is possible to not only benefit from the fund's consistent payouts, but also protect against the threat of ongoing volatility in the international markets. In recent weeks I have attempted to provide investors with a variety of tools to safely navigate these choppy economic waters. Although it can be easy to get caught up in the deluge of negative headlines, I do not feel that fleeing the markets is the best strategy at this time. Rather, long-term investors should use these shaky periods to build up a proper line of defense. PID can be added to the list of tools which already includes domestic dividend-paying equities, gold, bonds, and defensive currencies. Using a well constructed combination of these asset classes, it is possible to create a suitable shield against this bout of market turmoil. Written by Don Dion in Williamstown, Mass.