The list of 'blue chips' you posted is highly doubtful imo
just a couple of examples -
bhp has never topped it's pre gfc highs - and when it looked like getting there it got smacked down hard.
telstra - yes it generates cash now - but only after years of lost capital for millions of investors - people have lost fortunes on tls - and even though now it generates cash - the customer experience for tls is dismal - and they show no signs of improving in general (there are some specific areas of improvement) - customer experience is a great predictor of how a company will perform in future.
Westpac - Gail Kelly has been there long enough to change the game - but again, go to customer experience - dreadful, honestly I am astounded that they make money at all.
several of the others you mentioned have dismal management - in fact one or two are indeed at great risk.
I do believe there are quality companies on the asx - but they aren't what we call 'blue chips' and they aren't speccies - they lie in between and they take a damm lot of research to check out thoroughly. And when someone invests in them, you can only keep an intimidate eye on a few - people who own 10, 20 and more companies have not got a dog show in keeping up with them closely. They have fallen for the diversity lie - the lie that was perpetrated by institutions so they could not look worse than their peers ------ diversification = medium returns. Name one person who achieved great wealth on their own steam who was diversified initially?
