Xan (or anyone else!),Xan wrote:Agreed, I consider them cash. Maybe it isn't quite as simple as normal cash, because you have to figure out how much you'd own after taxes if you cashed them out, but that amount is a cash amount.
Isn't that the same for all assets, though? If I sell stocks, bonds or a gold ETF in a taxable account, aren't the gains a "cash amount?"
With almost all of these saving bonds I am looking at about $3 of gains for every dollar invested. I have always viewed PP cash as dry powder for purchasing other assets, an emergency fund, money for paying recurring bills, college tuition, car payments, etc.
Again, I have good problem, but I just don't view these bonds the same as cash.