It is always a great feeling to have some spare cash.
However, it is not a good idea to leave it in some bank account where it will get eroded by inflation.
Instead, you should think of investing the money in solid, dependable stocks to help it grow.
Blue-chip stocks immediately come to mind when you think of reliability as they have a long track record of surviving through good and bad times.
If you have S$40,000 to spare, you may wish to allocate it equally to these four promising blue-chip stocks.
CapitaLand Integrated Commercial Trust (SGX: C38U)
CapitaLand Integrated Commercial Trust, or CICT, is a retail and commercial REIT with a portfolio of 21 properties in Singapore, two in Germany, and three in Australia.
The REIT’s assets under management stood at S$24.2 billion as of 31 December 2022.
CICT declared a slightly higher year-on-year distribution per unit of S$0.053 back when it reported its first half of 2023 earnings....