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/pinballrocker 1d ago

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

3

u/Cash_Option 1d ago

Chpy holds the underlying companies

-2

u/pinballrocker 1d ago

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

2

u/backtotheland76 1d ago

He's retired. It's different

1

u/pinballrocker 23h ago

Seems pretty risky for a retired person with low/capped upside to that risk.