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So what are the Blue Chips these days?

  1. Background....My wife is pretty disappointed with her latest Banker's Trust statements and is looking for options.

    I suggested that she forget the funds and just buy Blue Chips. But she doesn't trust my advice (with good reason I suppose, the last advice I gave her was to buy VCM at 93c, after a 10 for 1 swap they are now worth $1.20, so she's down about 80% on that one.).

    She's got about $20,000 and is looking for long term growth, preferably with dividend re-investment.

    I've suggested CBA, NAB, BHP, CSR. But it begs the question, what exactly are the blue chips these days? And how do you define Blue Chip?

    My definition of a Blue Chip is a stock that will reliably deliver good dividends, and would not go down by more than 25% in even the worst market collapse.

    Does NCP fit the bill? My personal opinion is No.

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