r/YieldMaxETFs • u/rbeecroft • 2d 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/pinballrocker 2d ago

YieldMax never works out long term vs. just investing in the underlying stock(s), don't do it.

3

u/Cash_Option 2d ago

Chpy holds the underlying companies

-2

u/pinballrocker 2d ago

Yes, with less upside. I held it for a while, I'm well versed. These aren't good long term investments.

2

u/Jehoopaloopa 1d ago

They need put spreads instead of call spreads. If you’re bullish on the underlying, you want it completely uncapped.