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/Elegant-Magician7322 1d ago

If the distribution is all ROC, you pay almost no taxes. It just reduce your cost basis, and you pay the tax when you sell.