It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.
It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.
I know that CASH.TO is terribly trendy, but I also want to remind you that there are alternatives!
HISA.NEO, NSAV.NE, PSA.TO, and CSAV.TO work exactly the same way and may even offer a slightly higher net rate after fees.
There’s also HSAV.TO, which reinvests the interest rather than distributing it, effectively converting it into capital gains. However, due to a technical reason, it is currently valued significantly above its true value ($0.46 as of this morning). It could be a smart fiscal move in the medium to long term, but I don’t recommend it unless you fully understand how it works and what you stand to gain or lose.
It would still be convenient to have a generic name to group these ETFs together…
PS: I included links to the issuers for each ETF for those who are curious.
They get called hisa ETFs usually.
The name isn’t used that much though, people mainly refer to them as CASH.TO…