the market is divided into different categories, there's a huge gap between speccies & blue chip stocks.
in my opinion a good ratio would be 70/30 or 60/40 (70 being blue chip). Blue Chip
1. Stock of a large, national company with a solid record of stable earnings and/or dividend growth and a reputation for high quality management and/or products. These stocks are expected to provide their investors with a sizeable return despite the ups and downs of the economy. 2. More generally, anything of very high quality.
Blue Chip Shares List – Top 10 The Australian market is ranked as the 14th largest economy in the world. Aided by low inflation and a healthy competitive business sector, it has become an attractive investment opportunity for investors both local and foreign. The Australian Stock Exchange (ASX) is a combination of 6 different stock markets merged into one to create a more efficient and competitive stock trading entity. It is grouped into twelve different market sector indices to help investors benchmark the overall performance of each, making it easier for them to know and monitor movements in specific markets.
Here are the Top 10 Blue Chip Companies:
1.) Woolworths – A chain of supermarkets that continues to deliver fresh food to its consumers. Operating for almost 87 years it has become a household name known to every true-blooded Australian. It is listed under the Consumer Staples Index.
2.) Wesfarmers Ltd. -With diverse business operations that range from different home and office supplies to energy, insurance and department stores, Wesfarmers is also listed under the Consumer Staples Index.
3.) Telstra Corp Ltd – A leading provider of telecommunication services in Australia, Telstra has expanded and entered the international arena and is now becoming a major player in Hong Kong, China and other European countries. It is under the Telecommunication Index.
4.) Rio Tinto Ltd – Rio Tinto is an international mining group that focuses on mining mineral resources like aluminium, iron and copper. Through the years, it has successfully expanded and continues to play a key role in exporting commodities to the international market. It is listed under the Material Index.
5.) National Australia Bank (NAB) – National Australia Bank is a financial services organisation that provides various services in line with financial dealings such as investments, insurance and loans. It is under the Financial Index.
6.) Westpac Banking Corp – Known as the first Australian Bank, Westpac is listed as the fifth company in the ASX that has the largest market capitalisation. It is also a financial organisation that provides financial services both on local and international levels. It is under the Financial Index.
7.) BHP Billiton Ltd – The world’s largest mining company and listed by the ASX as the top company having the largest market capitalisation, Billiton has been successfully operating in 25 different countries. Its main production lies in steel, aluminium and diamond among others and is diversifying in other fields. It is listed under the Material Index.
8.) Newcrest Mining Ltd – Newcrest Mining Ltd is Australia’s largest gold-copper mining company. After many years of concentrating on local grounds it has successfully penetrated the international market making it the fifth largest gold producer. It is presently operating in Indonesia, Papua New Guinea and Australia. It is listed under the Material Index.
9.) ANZ Banking Group – ANZ is another Australian Bank that is making its way into the international market. It primarily provides commercial and retail banking services; however, recent reports have shown that it has engaged in rapid expansion in the Asian market, particularly in China and Vietnam. It operates in 25 different countries and is listed under the Financial Index.
10.) Commonwealth Bank Australia-The second largest company listed in ASX, Commonwealth Bank provides several financial services with the likes of retail, corporate banking, insurance and investment banking. It has been actively entering the international markets like China, Fiji, and New York. It is listed under the Financial Index.
