Blue Chips are only good for divedend payments, Telstra looks like the only one with a postive share price.
For example ANZ just goes around 20 - 24 and back again, so if your looking to make money on gains bluechips are probably not it anymore.
Sure I believe they will eventually but not the way the market is at the moment.
Stick to ASX 200 and you can make and lose some real money.
Good Luck
James
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