This story was originally published here.
Even in the best of circumstances, blue-chip stocks hardly inspire much enthusiastic attention, particularly among younger investors. Sure, they make up core holdings of our retirement funds. But as an individual play, many if not most people are angling for hot growth names, not necessarily industry giants. After all, you’re probably not going to get rich by betting on companies everyone knows about.
That sentiment is multiplied ten-fold during this novel coronavirus pandemic. Initially, virtually everything crashed at the onset of the crisis. But as Wall Street digested the dynamics of the new normal, the usual suspects – as in, the sexy high-fliers – stole most of the limelight. Not too many were excited about gambling on blue-chip stocks.
And that’s largely because electing blue chips is hardly what you call gambling. If you want to have your hundred-bagger potential, you can easily do so with the over-the-counter exchanges. But bear in mind that 90% of startups fail. With such glaringly bad odds, you will soon end up in the poorhouse if you’re not careful.
Immediately, such a high failure rate should change your mind about high-risk growth ventures. Sure, they have potential, but potential doesn’t pay the bills. On the other hand, you can improve your odds of success in the markets by sticking with proven blue-chip stocks to buy. Their days of triple-digit returns may be over, but these stalwarts dominate their industries for a reason.
Best of all, tried-and-true organizations over the long run usually beat the benchmark S&P 500 returns quite handily. And because many of them pay dividends, you can look very smart by just picking household names. Have I changed your mind yet? Here are 10 blue-chip stocks to consider for a new way to approach profitability…
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