I have 2 questions about what I just heard in this video..............
1) What if I buy the ONE highest yielding dividend fund that I can afford to buy at whatever price it's at and keep re-investing the dividends until it stops paying a dividend at all. Can't I then just sell that fund and use that money to buy something else that still pays a monthly dividend?
For example, can I start buying CFP (Cornerstone Progressive Fund) every month for the next 36 months until they stop giving a dividend 36 months from now, and then sell CFP and use that proceed to buy ARR (Armour Residential REIT). I'm getting the highest yield possible until that fund stops paying the highest yield only to then buy the next newest highest yielding fund. It shouldn't matter when I sell it as long as I'm always buying into the highest yielding fund, correct?
2) Are you saying that I should buy a lower yielding fund that will still be around 15 years from now and just accept the lower yield for now, knowing that someday I'll be getting a very good dividend because I bought only one fund and held onto it for the rest of my life?