Daily Stock Opinions and Ratings

Opinions

Mike Philbrick Purpose High Interest Savings PSA-T TOP PICK 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 Philbrick

Unlock Rating

N/A

Stock price when the opinion was issued

E.T.F.'s

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

TOP PICK

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.

PAST TOP PICK

(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.

BUY

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.

BUY

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.

PAST TOP PICK

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

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

BUY

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.

PAST TOP PICK

(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.

BUY

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.

BUY

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.

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.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Mike Philbrick Purpose High Interest Savings PSA-T TOP PICK Jan 09, 2023

You might be interested:

Purpose High Interest Savings(PSA-T)

Purpose High Interest Savings(PSA-T)

Purpose High Interest Savings(PSA-T)

Purpose High Interest Savings(PSA-T)

Purpose High Interest Savings(PSA-T)

Purpose High Interest Savings(PSA-T)

Purpose High Interest Savings(PSA-T)

Purpose High Interest Savings(PSA-T)

Purpose High Interest Savings(PSA-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Bruce Murray

The Panic-Proof Portfolio (Stockchase Research)

The Weekly Buzzing Stocks by Billy Kawasaki

Chris Blumas

Stockchase Insights