Mike PhilbrickPurpose High Interest SavingsPSA.TOTOP PICKJan 09, 2023

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.

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

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.