Blue chip stock tips

[sabre_ac]

Hey guys,

I'll give a brief background to my needs before asking for your ideas, I have recently started a grad position and am looking to invest in the stock market, while I work in the finance industry I have neither the time, patience, money or nerves for speculative investing.
I also have no intention of entering the WA property market anytime soon, especially considering the kind of loan I could get.

So as I learnt in uni..You cant really go wrong with blue chip stocks, they may not rise as the level some of the speculative can, but generally they go up with decent returns.

I currently own Westpac shares and am looking to invest for around 5-10 years any amount I can save, in a reasonably well diversified portfolio.

Who are the big boys I should look into putting my cash into?

 

[vast]

Hey sabre,

http://au.finance.yahoo.com/q/cp?s=^AXJO

These are the companies you are looking for. However i would suggest speaking to a proffessional and researching these companies thoroughly.

 

[chooke]

You could also try comsec.com.au they offer various packages of blue chip stocks at different price ranges at one brokerage price. I know a few people that have started out in the stock market using one of those packages and have moved on to bigger and better things as they developed an understanding of share investments.

 

[Rooboy 34]

Hey guys,

I'll give a brief background to my needs before asking for your ideas, I have recently started a grad position and am looking to invest in the stock market, while I work in the finance industry I have neither the time, patience, money or nerves for speculative investing.
I also have no intention of entering the WA property market anytime soon, especially considering the kind of loan I could get.

So as I learnt in uni..You cant really go wrong with blue chip stocks, they may not rise as the level some of the speculative can, but generally they go up with decent returns.

I currently own Westpac shares and am looking to invest for around 5-10 years any amount I can save, in a reasonably well diversified portfolio.

Who are the big boys I should look into putting my cash into?

Hey there Sabre,

Depending on how much $$$ you have to spend will determine how many stocks you buy and how diversified your portfolio can be. Other things to consider is whether you want an income stream as well as capital growth, and if you do want an income stream, whether you want cash or are happy to have your dividends reinvested.

When choosing your stocks, it is sometimes just a good idea to think logically about a company ie - do they have a good product, do you understand what they do, can their market grow??? Buy stocks that you may know the product such as Woolworths, a bank, Fosters etc. Another great one that I like is the ASX itself - it's share price only ever moves in 1 direction and if you think logically about it, this should continue. The Australian economy is going to continue to grow which means more companies listing and more people investing. Everytime someone buys a share, they make money, everytime someone sells a share, they make money, everytime a company lists they make money, and everytime a company delists, they make money. They are also basically a monopoly in Australia which can only be a good thing!!!

Good luck with your choices...
RB34...