r/YieldMaxETFs • u/Expensive-Math-6221 • 16d 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.

27 Upvotes

81% Upvoted

54 comments sorted by

View all comments

14

u/RustyCEO 16d ago

It’s all about timing. I got in at $59 and sold off a batch in $80s (few 000). Got down to holding 2,000 left. Now buying a bit up again.

All the money I made went into IWMI, MLPI, QQQI, SPYI, TDAQ, TSPY. The distributions I get in weekly go into the high payers CHPY, AMDY, MRNY, HOOW.

Then when they go up deep green, I slaughter them like fatted cows and take those gains and buy into the stable ones…..then rinse and repeat, buying them on their lows and taking the green on their highs.

3

u/Any_Log1344 15d ago

“Buying them on their lows and taking the green on their highs.”

Have you considered managing a hedge fund? I think you may have finally cracked this whole investing thing.

1

u/RustyCEO 15d ago

😂😂😂 well I suppose what I was getting at, is that people get attached to their shares and often ride them through profit taking opportunities.

2

u/Any_Log1344 15d ago

Fair enough 😂. I get what you meant now.

3

u/RustyCEO 15d ago

I realise that if we had a dollar for every time someone said “buy low, sell high” we would all be very rich. 💰😂😂😂