Related posts
Most Anticipated Earnings: TSU-T, IVN-T and more Canadian Companies Reporting Earnings this Week (Oct 28-Nov 01)Air Canada, Couche-Tard & More at 52-week Highs and Lows (Feb 6-12)This week’s new 52-week highs and lows … (Jan 30-Feb 5)This summary was created by AI, based on 3 opinions in the last 12 months.
Purpose High Interest Savings (PSA-T) is a great option for investors seeking steady yield in a defensive stock. With the ability to generate yield despite low interest rates, it is recommended to hold. Considered as a good place to park money with low fees, it offers a strategy to hold cash as interest rates rise, making it a zero-risk asset.
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.
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.
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.
Strategy was to hold cash as interest rates were rising.
Zero risk asset.
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%.
(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.
(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.
(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.
Purpose High Interest Savings is a Canadian stock, trading under the symbol PSA-T on the Toronto Stock Exchange (PSA-CT). It is usually referred to as TSX:PSA or PSA-T
In the last year, 4 stock analysts published opinions about PSA-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Purpose High Interest Savings.
Purpose High Interest Savings was recommended as a Top Pick by on . Read the latest stock experts ratings for Purpose High Interest Savings.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Purpose High Interest Savings In the last year. It is a trending stock that is worth watching.
On 2024-10-29, Purpose High Interest Savings (PSA-T) stock closed at a price of $50.005.
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.