2 blue chip ASX shares to buy
Blue-chip ASX blue-chip stocks are definitely worth considering.
These are companies that have been around for a long time and are probably big players in their sector, perhaps the most important.
I think the best still have good long-term growth potential:
Betashares Nasdaq 100 ETF (ASX: NDQ)
This exchange-traded fund (ETF) is traded on the ASX. But it actually gives investors exposure to some of the of the world the largest blue chips listed in the United States.
Companies like Apple, Microsoft, Alphabet (Google), Facebook, Netflix, Amazon, PayPal, Adobe, Nvidia and so on are in the wallet. They innovate in their respective sectors.
They are successful and growing companies for a long time. But the collective profit is Again rising at a steady pace, which favors stock prices.
The NDQ ETF has performed very well over the past five years, with an average net return per year of 27.2% after management fees of 0.48% (which seems quite reasonable). I certainly wouldn’t expect the next five years to be as strong as the last five.
But, the quality of the underlying companies in this ETF’s portfolio (and those holdings can change regularly over time) can mean that this is a very high quality idea for the long haul.
Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)
WHSP is one of the oldest companies in ASX. It was listed over a century ago. This certainly shows that it has a great longevity.
It operates as an investment house, which means it is a company that invests in other companies.
The companies in which it invests also add to the company’s leading status. Some of his most important investments include TPG Telecom SA (ASX: TPG), Limited Brickworks (ASX: BKW), Bki Investment Co Ltd (ASX: BKI), Commonwealth of Australia Bank (ASX: ABC), Woolworths Group Ltd. (ASX: WOW), Macquarie Group Ltd. (ASX: MQG) and Wesfarmers Ltd (ASX: WES).
Not only has the blue-chip ASX stock outperformed the ASX 200 over the long term, it has also increased its dividend every year in a row since 2000. It’s a really solid record.
After the upcoming acquisition of Milton Corporation Limited (ASX: MLT), WHSP will have a large amount of war capital to further diversify into areas such as international equities and private equity.