Daniel StrausPurpose High Interest SavingsPSA.TOTOP PICKJan 13, 2017

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.

If he was concerned about a downturn, he'd just look at a daily high interest ETF like HISA or PSA. Those ones give you 5-5.5% right now, and next day liquidity.

Great option for investors looking for steady yield. Very defensive stock. Ability to generate yield that has been absent for years, given low interest rates. Would recommend to keep holding. 

Good place to park your money, and fees are low. 

Not much different from a money market fund, except the quality of the underlying securities might be a bit higher in a MM fund.

Strategy was to hold cash as interest rates were rising. 
Zero risk asset.

High-yield savings account. Monthly distribution. With equity weakness in September coming up (the last 2 weeks being the weakest), being invested in this, you’ll do well to sit out the volatility. It’s only one month. Yield is 1.9%.

(A Top Pick January 13/17 Up 2%) Not meant to have a huge return as it is meant to mirror cash by holding high interest savings as a convenience. He likes holding cash better than bonds.

(A Top Pick Aug 18/17. 0%.) You are basically collecting a 1% return over the course of the year. It is basically a place to park cash.

(Top Pick Jun 28/17, Up 0.13%) It is basically a high interest savings account. A great place to park cash. A 1% rate of return savings product.