50% off Premium Yearly
Purpose High Interest SavingsPSA.TOPAST TOP PICKNov 25, 2016Stock price when the opinion was issued
As of Jun 12, 2026. Market Open.
Likes the idea of PSA. TLT, he believes, is a leveraged play on the bond market and wouldn't do that. BNS high interest savings, for example, pays 4.75% for optionality and no risk.
For an ETF filled with 1-year bonds that's very low risk, look at ZST.L. Pays a high dividend, though it's interest. Very competitive rate. If interest rates come down, you might even get a bit of capital appreciation.
(A Top Pick Aug 10/16. Up 0.31%.) During the period of volatility for equity markets, which really peaks between August and October, you want to be defensive. He saw this turn around in July where it indicated bond prices were coming off, so he rotated into this, which is simply a high interest savings account.