Let us use an example. My most recent post was called the “Nine Brothers” and it dealt with the purchase of an 8.20% coupon preferred valued at $20 per share with a current yield of 10.25%. This “Nine Brother” preferred was not redeemable until 2045. That means that this “Nine Brother” was going to be paying $2.05 in annual dividends for 37 years.
The point of this Blog is to try to make you stop and think about what you might do out of emotion rather than logic. If I sell the income, how will I live? Ask yourself, "What adjustment will you have to make in your plans if you earn no return or cash/flow on the bulk of your money? How will you have retirement income? You will have to start out by selling assets to produce income.