Would you cash these? - Mothering Forums
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#1 of 13 Old 12-19-2007, 11:44 PM - Thread Starter
 
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Mom gave me three $50 savings bonds from '86, '87, and '90.

They're worth $61.96, $71.18, and $72.60 = $205.74. That's not much for 17, 19, and 20 years, huh?

Now the question is: do I cash them? What would you do?

I am thinking I should just cash them. I know I SHOULD let them sit around for another 20 years, but by then they will only be worth around $90 each I guess. That doesn't seem worth keeping them in good condition and un-lost to me.

Almost a b-ball team: : Taylor -14, Alex -11, Jack -8, Lachlan born at home 11/15/07
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#2 of 13 Old 12-19-2007, 11:47 PM
 
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I found some that I had received from about that same time...and I cashed them. If you need the money...cash them. If not, hold on to them. They are SO slow to gain value...my thought is that you might as well just cash them. But I'm impatient too.

Sara ::: Mama to Bella Grace & Lucy Mae Cultivate inner beauty, the gentle, gracious kind that God delights in. 1 Peter 3:4
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#3 of 13 Old 12-19-2007, 11:53 PM - Thread Starter
 
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*snort* me too! If it was three years, I could wait, but twenty more years for $20 more dollars? Baaahhhh hum-bug!

Almost a b-ball team: : Taylor -14, Alex -11, Jack -8, Lachlan born at home 11/15/07
"Well behaved women rarely make history"
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#4 of 13 Old 12-20-2007, 12:19 AM
 
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my grandparents insist on giving us savings bonds, and we cash them right away. dh is an accountant, and he calculated that we make way more money investing the inital amount in our money market fund than we do waiting for the bonds to mature.
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#5 of 13 Old 12-20-2007, 03:14 AM - Thread Starter
 
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I was talking to hubby tonight and it actually seems like a good short term investment strategy. Buy them for $25 and cash them when they mature at $50. Thoughts?

I didn't know all of that - I assumed they were bought for $50 and had barely gained $$.

Grace, can you explain more (feel free to PM me) as I am looking for ways to invest $25 per paycheck in something pretty secure.

Almost a b-ball team: : Taylor -14, Alex -11, Jack -8, Lachlan born at home 11/15/07
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#6 of 13 Old 12-20-2007, 03:16 AM
 
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If I weren't so lazy I would figure out what percentage return you're getting... But yeah, I don't think that the return will be so great that you couldn't justify cashing them in now.
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#7 of 13 Old 12-20-2007, 03:26 AM - Thread Starter
 
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Hubby told me but I forgot already. He says since they've matured they don't grow fast so it's time to go ahead.

Almost a b-ball team: : Taylor -14, Alex -11, Jack -8, Lachlan born at home 11/15/07
"Well behaved women rarely make history"
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#8 of 13 Old 12-20-2007, 11:02 AM
 
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I never thought about cashing and putting it somewhere else...I've got all mine saved up for retirement, but cashing and reinvesting is a great idea (I was thinking cash to spend it, )
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#9 of 13 Old 12-20-2007, 12:09 PM
 
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Quote:
Originally Posted by GinaRae View Post
Mom gave me three $50 savings bonds from '86, '87, and '90.

They're worth $61.96, $71.18, and $72.60 = $205.74. That's not much for 17, 19, and 20 years, huh?

Now the question is: do I cash them? What would you do?

I am thinking I should just cash them. I know I SHOULD let them sit around for another 20 years, but by then they will only be worth around $90 each I guess. That doesn't seem worth keeping them in good condition and un-lost to me.


You KNOW I'd cash them!
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#10 of 13 Old 12-20-2007, 12:58 PM
 
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if you have a safe place to put them ...... a fire safe or what have you .... put them there and leave them .....

if you don't -- ie there would just be tossed on or in a desk -- cash them in .....

Aimee + Scott = Theodore Roosevelt (11/05) and 23 months later Charles Abraham (10/07)....praying for a little sister; the search starts May 2014
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#11 of 13 Old 12-20-2007, 01:27 PM
 
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I'd cash them...otherwise I *know* I wouldn't be able to find them in 20 years!
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#12 of 13 Old 12-20-2007, 01:32 PM
 
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Originally Posted by Isaac'sMa View Post
I'd cash them...otherwise I *know* I wouldn't be able to find them in 20 years!
:

Leigh
Mama to Allison (1/05) and Lizzie (11/07)
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#13 of 13 Old 12-20-2007, 02:40 PM
 
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cash them !!!!
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