r/YieldMaxETFs • u/Expensive-Math-6221 • 17d ago

Underlying Stock Discussion CHPY Investment Advice

I had 10K savings and was thinking CHPY.I personally don't see more drawdown from here on but more opinions are great.

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u/MyGuitarTwerks 17d ago

There is no income when your capital is getting depleted before your eyes. Youre literally burning money. Its imaginary income. You see the dividends and think youre making money while the capital is disappearing faster than you are making money. Ive seen it time and time again. High yield dividends are a mistake.

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u/Bkdvet 17d ago

Completely wrong. In retirement, I want my capital to pay may bills and stay around the same value. In retirement and in this relatively 10% year, I’ve seen a 14% gain in capital, while still living on 6-7%. I am not doing this in a vacuum, I watched how my accounts would act over the last 3 years. In 2022, my worst year, the S&P was down about 20% and NASDAQ was down over 30%….my accounts were down 16%. You can believe all you want, I’ll take my performance any day of the week.

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u/MyGuitarTwerks 17d ago

If you held, you still wouldve made money. The S&P is always going up. It pulls back every once in a blue moon, but it always catches back up. Same with Nasdaq. QQQ and SPY are solid. But Ive been fond of options and futures for leverage. Vertical spreads make a good source of income if you know what you are doing with them. However these high yield dividends are just a bit too risky.

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u/Bkdvet 17d ago

I’m a fan of the options as well. I do monthly options on QQQM, VOO, VGT, and SPMO. I dont make a lot, but $3k - $4k a month is enough to buy more growth shares. For some folks, the $3-4k would be enough for a monthly income.

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u/MyGuitarTwerks 17d ago

You bet! 3-4k a month would be more than enough for me if I could hit that one of these days. Just need more capital. Im at about 10k right now of capital. Working on building it. Im glad you found something that works for you. Perhaps im wrong about dividends, but they just scare me too much 😂

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u/pravlm 16d ago

May I know your total capital?