So I have some EE series savings bonds issued to me back in July of 1986 and 1987, 100 and 50 face value (now 193 and 83) that are earning 4% Interest. They fully mature in a couple years I believe and after that I won't be collecting the 4 percent interest which is obviously above what any other government guaranteed investment on such a short time period and I'm wondering what to do with them?
Should I cash them? More or less so to get it out of a paper form that I may lose -- they were actually just recently found when my grandfather died. Hold on to 'arb' out the interest rate? Or -- another idea I had which was more novelty -- get them framed and matted to kind of have as a little 'my first investment' type thing and hang it?
Keep the certs if they have some sentimental value. Otherwise, if you want to stay conservative with it, I'd look at dividend payers like utilities. SO is paying 4.2%. Also look at corporate bond ETFs like LQD or similar.
Frame like one for sentimental value if anything.
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