Blue chip stocks offer more stability than high-flying growth stocks. While stable stocks often have lower returns, they can still outperform the market.
There’s plenty of life left in 2024, but the first few days featured losses for many stocks. During those few days of losses, some people may have thought about investing in blue chip stocks. Investors shouldn’t abandon promising growth stocks just because of a few bad days, weeks or months.
However, it’s good to diversify your portfolio with a mix of growth stocks and blue chips. Some blue chips actually double as growth stocks, delivering promising gains. These are some of the blue-chip stocks to consider for long-term stability.
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