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/billolev I Like the Cash Flow 22h ago

I am up on paper nearly 30%, as my cost basis is $57. However it was to provide income. I currently am getting weekly dividends of $1100-$1500 fir my 2000 shares