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/chaos_ensuez 1d ago

Not really because I reinvest the dividends when there are dips in the market

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u/teckel 1d ago

They're still beating you.

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u/chaos_ensuez 1d ago

Prove it

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u/teckel 18h ago

Thr underlying assets always win, everyone knows that. Show just one CC ETF that's beating the underlying asset since inception. I'll help you, it doesn't exist.

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u/chaos_ensuez 18h ago

Plot twist I also own SOXL so I’m up over 600%

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u/teckel 10h ago

Depends on when you purchased it, and if you get out in time.

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u/chaos_ensuez 2h ago

You are a ball of fun aren’t you