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Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Experts agree that Purpose High Interest Savings (PSA-T) is a great option for investors looking for steady yields, especially in the current low interest rate environment. It is seen as a defensive stock with the ability to generate yield that has been absent for years. The stock is considered to be a good place to park your money with low fees and as a zero-risk asset. The strategy recommended by the experts is to hold cash as interest rates rise. Overall, the stock is viewed positively for its ability to provide steady yields and low risk.

Consensus
Positive
Valuation
Fair Value
Similar
BNS-T, The Bank of Nova Scotia
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. 

E.T.F.'s
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.

E.T.F.'s
PAST TOP PICK
(A Top Pick Jan 09/23, Up 3%)

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

E.T.F.'s
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.
E.T.F.'s
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.
E.T.F.'s
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.
E.T.F.'s
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.
E.T.F.'s
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.
E.T.F.'s
PAST TOP PICK
(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.
E.T.F.'s
TOP PICK

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%.

E.T.F.'s
PAST TOP PICK

(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.

E.T.F.'s
PAST TOP PICK

(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.

E.T.F.'s
PAST TOP PICK

(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.

E.T.F.'s
TOP PICK

It was a previous past pick. You sit in cash and look for opportunities.

E.T.F.'s
TOP PICK

Purpose High Interest Savings ETF. During the summer, you want to reduce beta in your portfolio. You want to be less cyclically exposed. Since he is a bit concerned about the direction of rates, he is going for this one. All this is, is a 1% rate of return. You don’t have restrictions that would be imposed by the other high interest savings accounts. It is really just a place to park cash for the summer time.

E.T.F.'s
Showing 1 to 15 of 21 entries

Purpose High Interest Savings(PSA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for Purpose High Interest Savings is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Purpose High Interest Savings(PSA-T) Frequently Asked Questions

What is Purpose High Interest Savings stock symbol?

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

Is Purpose High Interest Savings a buy or a sell?

In the last year, 3 stock analysts published opinions about PSA-T. 3 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.

Is Purpose High Interest Savings a good investment or a top pick?

Purpose High Interest Savings was recommended as a Top Pick by on . Read the latest stock experts ratings for Purpose High Interest Savings.

Why is Purpose High Interest Savings stock dropping?

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.

Is Purpose High Interest Savings worth watching?

3 stock analysts on Stockchase covered Purpose High Interest Savings In the last year. It is a trending stock that is worth watching.

What is Purpose High Interest Savings stock price?

On 2024-03-27, Purpose High Interest Savings (PSA-T) stock closed at a price of $50.