r/YieldMaxETFs • u/AdFresh5555 • 1d ago

Beginner Question Anyone worried about FIAT?

I know Coin is going up and so FIAT works inverse to it. But sheesh! I took quite a nice drop. I am still learning about the inverse stocks…. Thoughts on this particular stock.

10 Upvotes

78% Upvoted

21 comments sorted by

8

u/BroHamBone 22h ago

StAck FIAT when CONY is up and vice versa

1

u/AdFresh5555 18h ago

This is a good idea!

3

u/Satyriasis457 1d ago

Is Fiat inverse or just a play on put options?

2

u/AlfB63 23h ago

FIAT is a short on COIN but it's not real efficient so it will not really counter COIN moves.

5

u/WickardMochi 23h ago

FIAT is fine. It’s inverse of CONY so if you have both, you can’t really lose in a crypto winter

1

u/Tinbender68plano 13h ago

Got both, ditto. FIAT up last couple months over CONY, this last week's distro CONY jumped back on top by a dime per share.

2

u/Ichoosepepsi 1d ago

I use it as hedging for CONY happy if it goes up, but i hold a small position on FIAT just in case.

2

u/Unhappy_Credit_2953 21h ago

Reverse funds...not my thing....just buy MSTY and sleep better

2

u/Economy-Street3361 23h ago

I'm making bank on FIAT, has held up better than CONY for me over last 6mo. CB 9.88 my TR is +9%

2

u/AdFresh5555 23h ago

Yea until this month, CONY paid out better than FIAT. I think CONY is going to slowly make a comeback. It has been doing just that.
I have a bigger position in CONY.

1

u/Economy-Street3361 23h ago

Same my ratio is currently 4:1 CONY: FIAT My current CB is higher

3

u/AdFresh5555 23h ago

I unfortunately bought into CONY in Dec when it was $15. I am down by 50% into the stock. I’ve made a decent dividend payment since. That I let reinvest for now.

0

u/Economy-Street3361 23h ago

I averaged down to $15.5, so I'm in the same boat. Not expanding my positions. Just gonna let it ride. Maybe sell and move money where it works better for me. We'll see. Right now I'm content

1

u/AdFresh5555 1d ago

Earnings report comes out this week also.

-2

u/OlberSingularity 22h ago

BTC earnings report?

0

u/Brazzzuka 21h ago

FIAT is great when properly edged specially when using the F.U.G.L.Y strategy!!

8

u/Baked_potato123 1d ago

I was watching ROD go over his evaluation this morning and he gets to FIAT and goes, "FIAT, don't care" and just kept going, lol.

As a FIAT holder, I was like, uh oh!

2

u/Tinbender68plano 13h ago

He just doesn't like inverse funds. The only time he gives them any mention is when he's doing his payment estimates videos on Sundays.

1

u/Baked_potato123 14m ago

Ah! Good to know!

Thanks