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Question:
Has anyone put a significant amount like $100K in Vanguard High Income fund (VWEHX)and just collected monthly dividend without paying much attention to price fluctuation of the fund? One can do this by putting money in ROTH IRA and collect the Dividend every month? If the answer is yes, then are there any other similar or better funds? I have not done this yet, but I am considering it. VWEHX pays about 8.9% dividend which means $8,900/ per year income. Of course, the divividend amount varies every year but it has stayed in the range of 8-9%.
My question & curiosity is---
1. Is it a good idea?
2. Are there any better that pay high monthly or quarterly dividend?
Your ideas will be appreciated.
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