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A reader asks,
I’m being offered an upfront joining bonus by my new employer. How should I go about investing this money? There is one condition though. I will be required to give back this money if I leave the job within 6 months.
Given the payback condition, I’d recommend that the joining bonus be kept in a 6-month fixed deposit — don’t even think of investing it right now. If you do leave the job within 6 months, you can break the fixed deposit and give back the money to your employer. And if you don’t, the money is fully yours and unencumbered and you need to use/save/invest it to meet your financial goals.
What do you think?
Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.