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Daily Stock Opinions and Ratings
Stockchase Opinions

Greg NewmanPurpose High Interest SavingsPSA.TOBUYAug 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
Unknown
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$50.01

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

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BUY

Purpose High Interest Savings(PSA.TO)

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.

Photo of Cole KachurCole KachurUnlock Rating
$50.04

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
PAST TOP PICK

Purpose High Interest Savings(PSA.TO)

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. 

Photo of Mike PhilbrickMike Philbrick
Owned
Unlock Rating
$50.19

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
BUY

Purpose High Interest Savings(PSA.TO)

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.

Photo of Hank CunninghamHank CunninghamUnlock Rating
$50.11

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
PAST TOP PICK

Purpose High Interest Savings(PSA.TO)

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

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

Photo of Mike PhilbrickMike Philbrick
Owned
Unlock Rating
N/A

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
TOP PICK

Purpose High Interest Savings(PSA.TO)

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.
Photo of Mike PhilbrickMike Philbrick
No
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N/A

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
BUY

Purpose High Interest Savings(PSA.TO)

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.
Photo of Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTAUnlock Rating
N/A

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
BUY

Purpose High Interest Savings(PSA.TO)

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.
Photo of Larry Berman CFA, CMT, CTALarry Berman CFA, CMT, CTAUnlock Rating
N/A

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
PAST TOP PICK

Purpose High Interest Savings(PSA.TO)

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.
Photo of Jon VialouxJon Vialoux
No
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N/A

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
TOP PICK

Purpose High Interest Savings(PSA.TO)

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.
Photo of Jon VialouxJon Vialoux
Owned
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N/A

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
PAST TOP PICK

Purpose High Interest Savings(PSA.TO)

Nov 23, 2018
(A Top Pick Aug 31/18, Up 0.4%) Yields 2.15%. As he raised cash before seaonal volatility in September and October, he parked that cash here. As the market plunged, he was 50% cash in August.
Photo of Jon VialouxJon Vialoux
Owned
Unlock Rating
N/A

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
TOP PICK

Purpose High Interest Savings(PSA.TO)

Aug 31, 2018

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%.

Photo of Jon VialouxJon Vialoux
No
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N/A

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
PAST TOP PICK

Purpose High Interest Savings(PSA.TO)

May 16, 2018

(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.

Photo of Daniel StrausDaniel Straus
Owned
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N/A

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
PAST TOP PICK

Purpose High Interest Savings(PSA.TO)

Sep 29, 2017

(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.

Photo of Jon VialouxJon Vialoux
No
Unlock Rating
N/A

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
PAST TOP PICK

Purpose High Interest Savings(PSA.TO)

Aug 18, 2017

(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.

Photo of Jon VialouxJon Vialoux
No
Unlock Rating
N/A

Stock price when the opinion was issued

$50.06

As of Jun 12, 2026. Market Open.

E.T.F.'s
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disclaimer

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: [email protected].

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