A slip bobber assembly for preventing bobber obstruction of rod guides includes a float, a ring and a clip. The ring is coupled to a first end of the float and defines a loop. The ring is configured to insert a line through the loop. The clip is coupled to a second end of the float and is configured to reversibly couple to the line. The clip is configured to fixedly position the float on the line so that a hook that is coupled to the line is positioned at a desired depth in a body of water. The clip is configured to decouple from the line upon a strike by a fish on the hook. The line is positioned to slide within the loop so that the float is prevented from obstructing guides on a fishing rod that is coupled to the line.
