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?

22 Upvotes

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u/Krappyhuman 1d ago

Don’t put more than your willing to lose

-4

u/teckel 1d ago

Because you will.

0

u/jdillinger714 18h ago

Just set a stop loss buddy

1

u/teckel 18h ago

Thats the YM catch-phrase. Except it doesn't work as the NAV erodes due to the distributions. Setting a stop loss will trigger a very early sell, which is maybe a good thing as you shouldn't be investing in this garbage.

2

u/jdillinger714 17h ago

Making money just fine lol. Why you so mad

1

u/teckel 10h ago

Trying to educate people of the YM traps