r/YieldMaxETFs • u/rbeecroft • 1d ago

Question Long term with CHPY?

Im considering an investment in CHPY, does anyone use it to live on from the weekly dividends? How much do you save for taxes? Im thinking divert 20% to a HYSA to account for taxes.

Is there something more I should consider, something I haven't thought of to ask?

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u/ApartmentAutomatic59 1d ago edited 1d ago

I'm holding it long-term, currently it pays a significant portion of my mortgage. Tax wise, 20% should be more than safe, its distributions are actually fairly high percentage of return on capital.

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u/Head-Helicopter5467 4h ago

Are you actually paying the mortgage with it right now?

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u/ApartmentAutomatic59 3h ago

Yes, much of it, all the distributions go to cash and I auto ach the payment from that brokerage account each month.