This is a question created by my incessant need to "overthink". Can I reasonably classify vanguard short term corporate bond as "cash"? I want to position my portfolio defensively and move 5% each from stock and bond categories to "cash" but I think I'm willing to accept a small amount of risk with VSTC. I may be off, but I'm thinking I'm looking at a 2% maximum drawdown risk give or take? Is my reasoning here sound or should I just bite the bullet and call cash cash and accept .01% vs. 2.2% interest?
Thank you.
Thank you.