Best blue chips to buy?

[divs4ever]

although if we still call 'blue chip ' the ASX top 50 (XFL )

i would also suggest a look at MIN ( which i hold 'free-carried' ) ( but runs the risk of over-expanding )

 

[Dona Ferentes]

... And it could mean Companies that have been around for a while (and likely to continue to be)....
My favourite ones and worthy of the title are:

• CSL close to $300,
• CBA nearing $110,
• BHP closing in on $50
• WES again nudging $50

CSL has pushed through, ditto CBA and WES, with all three holding above . BHP did make $50 during the week but has pulled back.
Elsewhere, @peter2 said this

I've mentioned previously that I've also got a conservative portfolio that holds larger cap stocks with the aim of beating term deposit rates. It's holding stodgy old companies like BHP, CSL, MQG, CBA, etc. that were bought in the many market dips over the past year. Currently this portfolio is flying high. It's not often this portfolio hands my momentum portfolio a hiding. It is now. Argh.

I am prevaricating as to whether Macquarie is blue chip, definitely 'best in class' but it's turbulent, high beta. Great company. I do include WES as one, and that's about it. One from each sector /class.

Who would have thought that the "mum & dad" stocks would have done so well in these strange economic conditions. Currently our ASX is at new highs while the US markets wallow near their lows. We don't see this very often either.

Sometimes they're (erroneously) called mum n dad stocks, perhaps because some were IPO where retail was encouraged, perhaps because they appear in many portfolios as well as being held by institutions. We've also had Telstra, AMP, IAG and others sold off or demutualised, but they're not blue chip.

So, where are we? Where am I going with this? Going through some changes in life and finally sorting things out, I've been getting stuff in order. Out of the folders and wine casks, documents are being sorted, then filed or turfed. I've been interested in the market for decades and really got into stocks in 2000. Which was great as the next 7 years were a great time. I set up a SMSF by 2005 and that then became the focus of directly held shares (esp dealing with capital gains). But I was amazed what I'd bought and sold along the way. Was there a method behind it? No, and especially not when I read of what guys are doing, with their trading. For me it was to try and find a good idea, run with it, sell if it slipped (usually) and trim some profit if it went high. Sell half if it doubles, get to free carry was an aim, but not set In concrete. Some got taken over or merged, one went broke. I would participate in cap raising at times, move stuff into super, run a margin loan (but at a very low LVR) as it could be used as a line of credit. Was in some DRPs but realised they introduced tax complexity and lazy thinking. Better to take the dividends and buy something else.

All that's wound back /down, now and I'm left holding 4 blue chip stocks in my own name. Plus MND as a ten bagger and now some WDS. Now I've got cost bases worked out, the 4 are BHP since 1985, CBA from the float, CSL from 2004 and WES from 2002. And today's val;

 

[frugal.rock]

Despite the name of Bluechip, this one is like a green chip.
Surprisingly, there has been no consolidation that's showing up on this 10 year chart.
$18mill MC and around 600mil shares out. (not including the hidden ones)

 

[Dona Ferentes]

Spittin' chiips

 

[divs4ever]

had an adventure in BCT from 2014 to 2017

i bought in January 2014 (@ 6.3 cents ) i reduced in August 2014 ( @14.5 cents ) and exited in December 2017 ( @ 5.7 cents ) crystallizing a profit

to me this company ignored the obvious application frozen sperm , sports ( horses dogs , etc ) and agricultural ( cattle , sheep etc ) sectors in favour of high-profile markets .

 

[Dona Ferentes]

My favourite ones and worthy of the title are:

• CSL close to $300,
• CBA nearing $110,
• BHP closing in on $50
• WES again nudging $50

@Joe Blow's posts at top of the thread need to be revisited

Reporting season has come and gone/ dividends now paid to accounts. Feb and March had a few down moments, with central bank action and a few crise, mainly in bank world - Credit Suisse n SVB.

My noble 4 have dipped and then rebounded, good gains in 2 compensating for the laggards.