Is the term blue chip share relevant today?
Is there any shares that could be termed "blue chip"?
I question that you could call a share a blue chip because things can change rapidly?
Look at what the GFC did?
Even a blue chip bank can go under?
A so called blue chip could fall in value exponentially.Look at companies like PPX,ELD and AMP a few years back.Macquarie bank has fallen a long way.
The loose definition of a blue chip is as follows.
A blue chip stocks can be defined as stocks with an established record of stable earnings power over a long period.
Most investors also consider stocks as blue chips if they have a lengthy record of uninterrupted dividend payments to common stock holders coupled with a strong balance sheet.
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- no such thing as a blue chip
no such thing as a blue chip
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