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

Owned

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$50.185

Stock price when the opinion was issued

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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.

TOP PICK

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.

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.

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.

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Mike Philbrick Purpose High Interest Savings PSA-T PAST TOP PICK Jan 26, 2024

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