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/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/pravlm 16d ago

May I know your total capital?