50% off Premium Yearly
Purpose High Interest SavingsPSA.TOPAST TOP PICKSep 29, 2017Stock 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 18/17. 0%.) You are basically collecting a 1% return over the course of the year. It is basically a place to park cash.