The title pretty much says it all. My employer accidentally double-paid my bonus, and I fully expect to pay it back once they get their act together. I've already notified payroll and HR about the bonus error, and HR has escalated the issue about 2 weeks ago. Since then, I've heard nothing from anyone, and everyone seems to be dragging their feet on how to go about correcting the error. I can't help but wonder if moving this money into my brokerage account is a good idea while I wait to hear back the plan to correct the error.
I am considering parking these funds in a bond ETF: LQD (iShares Investment Grade Corporate Bond ETF). Even this strategy carries with it some risk, though. For example, if the economy enters a recession, I get hammered extremely hard. Despite this, I think I could weather some economic volatility with cushion being the rest of my portfolio - even extreme economic volatility.
I'm viewing this as essentially receiving an interest free loan that has to be paid back (probably) in the short term, but with the potential of the funds being in my hands for longer than "short term". Am I overlooking anything? Is there any reason to think this idea might be unwise?
Submitted January 07, 2019 at 10:49AM by LURKER_GALORE http://bit.ly/2VzmycO
