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Opinions Daniel Straus
Purpose High Interest SavingsPSA.TOTOP PICKJan 13, 2017
Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
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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
Strategy was to hold cash as interest rates were rising.
Zero risk asset.
Mike Philbrick
Jon VialouxJon Vialoux(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.
Daniel StrausPurpose 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.
If you showed a graph, you would almost see a flat line. It doesn’t mean that the patient is dead. It is basically an ETF that holds Cash. Pays about 1%. If you are very tax sensitive and you don’t like premium bonds, but want a cash like exposure in an ETF form, this is a way to do it.