2024-05-20 09:00:00 ET
Summary
- Buying blue chip stocks can lead to wealth but comes with pitfalls, so it's important to distinguish between the company and the stock.
- Conservative income investors may prefer blue chips that pay dividends and aren't overvalued.
- NNN REIT and Ares Capital are two picks that offer proven track records, attractive yields, and potential for long-term capital appreciation.
Buying blue chip stocks can be a path to attaining wealth, but it can also come with plenty of pitfalls. That’s why it’s important to set a distinction between the company and its stocks. For example, high-flying winners of today like Nvidia ( NVDA ) are indeed great companies, but only for those who believe that the stock is deserving of the many multiples of earnings that it currently trades at....
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2 Blue Chips To Buy And Hold, Up To 9% Yield