I remember the joy of receiving my first bonus. I am sure you do too.
After a year of hard work coupled with navigating the COVID-19 pandemic, the bonus represents the much-needed validation for your efforts.
If you are just starting out in your career, this bonus will be the first big bonanza you receive.
With a large inflow of money, it’s also an opportunity to put aside a good sum to invest for your future.
For young investors who are starting out, there are a few factors to consider when it comes to the selection of investment ideas.
Firstly, you don’t want to risk your hard-earned bonus on speculative stocks or those without a long track record.
Sticking with established blue-chip companies is therefore of paramount importance.
Secondly, you might also want to aim for some growth and dividends.
Being young, you have many years ahead to compound your money, while the dividends provide some additional passive cash flow to add to your earned income....