MI.UN-T 0.33 DRVN-Q 0 SWIM-Q 0 TOL-N -0.07 NOG-N -0.26 CPA-N -0.03 PBH-T 1.49
Daily Stock Opinions and Ratings
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Larry Berman CFA, CMT, CTA Purpose High Interest Savings PSA-T BUY May 08, 2017

They have secured high interest savings accounts with various institutions. They have generated a pretty decent yield and turned it into an ETF yielding about 1%. It is pretty good yield for a money market.

Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTA
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TOP PICK

Purpose High Interest Savings(PSA-T)

Jul 31, 2019
Pays a 2.15% annual yield. This mitigates volatility during the summer, a place to park your cash until you take advantage of volatility. This will lower your portfolio's volatility.
Jon VialouxJon Vialoux
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PAST TOP PICK

Purpose High Interest Savings(PSA-T)

Oct 03, 2019
(A Top Pick Jul 31/19, Up 0.4%) This is a way to lower volatility. A return of 2.15% per year, paid monthly. Hold it during volatility, sell it, and use the return to pick up your cyclicals during periods of seasonal strength.
Jon VialouxJon Vialoux
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BUY

Purpose High Interest Savings(PSA-T)

Jun 07, 2022
Good vehicle to park some money while interest rates are high. Would expect yield to be around 2% in 3 to 4 months. Safe place for cash holdings.
Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTA
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BUY

Purpose High Interest Savings(PSA-T)

Jun 07, 2022
Good vehicle to park some money while interest rates are high. Would expect yield to be around 2% in 3 to 4 months. Safe place for cash holdings.
Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTA
Unknown
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E.T.F.'s
TOP PICK

Purpose High Interest Savings(PSA-T)

Jan 09, 2023
It is backed by bank accounts or deposit accounts at chartered banks, in other words a quasi money market fund.It is pretty stable with only the credit risk of individual banks. It has similar yield to a previous caller's suggestion - HSAV.
Mike PhilbrickMike Philbrick
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PAST TOP PICK

Purpose High Interest Savings(PSA-T)

Jul 24, 2023
(A Top Pick Jan 09/23, Up 3%)

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

Mike PhilbrickMike Philbrick
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BUY

Purpose High Interest Savings(PSA-T)

Jan 17, 2024

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.

Hank CunninghamHank Cunningham
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$50.110

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PAST TOP PICK

Purpose High Interest Savings(PSA-T)

Jan 26, 2024
(A Top Pick Jan 09/23, Up 5%)

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. 

Mike PhilbrickMike Philbrick
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$50.185

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BUY

Purpose High Interest Savings(PSA-T)

May 01, 2024

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.

Cole KachurCole Kachur
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$50.040

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BUY

Purpose High Interest Savings(PSA-T)

Aug 01, 2024
De-risking 40% of a portfolio at age 59.

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.

Greg NewmanGreg Newman
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$50.010

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

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