Abstract: The present invention relates floating pool lights with a preset cord lengths or adjustable length cords, each attached to an anchor device for various depths of the floats in the water above the anchor devices. The floating pool light utilizes a replaceable sealed tube with a chemical source of light inside a spherical air-filled float and does not require any wiring or power source. The floating pool light further comprises a movable reflective decorative anchor using fluorescent glass discs contained in a mesh bag, which can be positioned anywhere in the pool to hold down the device and maintain it in place at a desired depth and location.