Bullboard - Stock Discussion Forum Purpose High Interest Savings Fund A T.PSA

Purpose High Interest Savings ETF (the Fund) seeks to maximize monthly income while preserving capital and liquidity by investing in high interest deposit accounts The Funds investment strategy is to invest substantially all of the assets of the Fund in high interest deposit accounts with one or more chartered banks and/or credit unions. During the period ended June 30, 2021 the portfolio was... see more

Add To Watchlist

TSX:PSA - Post Discussion

Purpose High Interest Savings Fund A > This and CSAV on the TSX seem to be excellent vehicles

View:

Post by LittleDougie on Feb 05, 2023 11:05pm

This and CSAV on the TSX seem to be excellent vehicles

They both build slowly each Month to the amount that the Monthly dividend would be .
Then reset after the div is paid.
It's like ownng a GIC without the commitment.
You can sell any time and because the price rises throughout the month , you don't have to wait until months end to capture the dividend. (Or a portion of it if you sell through the Month)
CSAV paid quite a bit higher Dividend in December than PSA did .
It's paying 4.96 % if it continues to pay .2015 each Month

470