10-20 best Blue Chip companies to own for long term investors? (trading, cash)
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If you were to create a list of 10-20 Blue Chip type companies that you would suggest to an average investor who wants to buy for long term gains and holdings, what companies would make your list? Add in reasons why as well if you'd like (further growth, current low valuation, high paying dividend).
Personally, I would not own any individual stocks for the long term. Inevitably, there will be a market downturn during which those stocks will crash faster than the market as a whole.
Your commission payments will also go up trying to sell all those stocks. Why deal with that headache?
i 2nd that . just look at those dividend aristocrat's . you know the ones that delivered the goods for decades . you would get dizzy trading as that list kept changing over the years as many failed to live up to that expectation.
in 2009 there were 52 stocks that met the group’s strict criteria.
As of 2012, there were 51.
But of those 51, 13 were different than the original set. So over the course of just 3 years, there was a 27% change in the group’s composition.
in fact going back to 1989's list :
Of those 26, seven are still on the list today, ten were removed because they either cut or froze their dividend, four were removed for an unknown reason, and the remainder were aquired at some point. So at least ten of the 26 had an outcome that is different from the assumption of dividend growth every year through thick and thin.
Pretty much my entire watch list. It's MOSTLY free of things like REITS, utilities, energy and materials, pharma and healthcare, and tech stocks on purpose. It's a starting point of blue or near blue chip stocks to look at. Most, but not all, pay solid dividends, and I am NOT saying that they are all good buys right now.
3rd .
Why would you buy at the peak of their pricing value?
I wasn’t meaning specifically buying at this time but a list of reference for companies who are worth looking long when stock prices drop and you view their valuation from that point as promising.
My uncle references buying many shares of Johnson and Johnson and Apple over many decades. In a sense always tracking these companies and adding to his position on a downturn. Over many decades he says this has worked out very well in his favor. He sells off some of his position from time to time for profit, before directing more capital back to these stocks when their value declines.
I wasn’t meaning specifically buying at this time but a list of reference for companies who are worth looking long when stock prices drop and you view their valuation from that point as promising.
My uncle references buying many shares of Johnson and Johnson and Apple over many decades. In a sense always tracking these companies and adding to his position on a downturn. Over many decades he says this has worked out very well in his favor. He sells off some of his position from time to time for profit, before directing more capital back to these stocks when their value declines.
It is risky. Individual companies do go under, no matter how reputable. I don’t recommend putting all of your eggs in one basket.
I wasn’t meaning specifically buying at this time but a list of reference for companies who are worth looking long when stock prices drop and you view their valuation from that point as promising.
My uncle references buying many shares of Johnson and Johnson and Apple over many decades. In a sense always tracking these companies and adding to his position on a downturn. Over many decades he says this has worked out very well in his favor. He sells off some of his position from time to time for profit, before directing more capital back to these stocks when their value declines.
What he was essentially doing is call dollar cost averaging except with individual stocks. As I read this it tells me that he was keeping a cash reserve to be ready for a buy when a particular stock hit a dip.
If you were to create a list of 10-20 Blue Chip type companies that you would suggest to an average investor who wants to buy for long term gains and holdings, what companies would make your list? Add in reasons why as well if you'd like (further growth, current low valuation, high paying dividend).
IBM -- a blue chip stalwart with their hands in everything high tech, and paying a good dividend
UPS - especially after yesterday's plunge. If it gets back a bit lower it is a huge buy
CSCO - see IBM comment
Anything defense related, in this crazy world. I have RTN but any of the big boys are solid, solid bets right now.
Pretty much my entire watch list. It's MOSTLY free of things like REITS, utilities, energy and materials, pharma and healthcare, and tech stocks on purpose. It's a starting point of blue or near blue chip stocks to look at. Most, but not all, pay solid dividends, and I am NOT saying that they are all good buys right now.
Good luck.
Thanks for the response. Good list.
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