CBA
I don't invest in blue chips, but I'd go a blue chip paying good fully franked divies.
Would wait for the banks to drop a little then go something like CBA.
9% untaxed dividend...that's some good return.
They will be around forever and a day with profits increasing as population and economy grows.
Think about it, despite what the sp does:
$1m invested would give you $90,000 every single year tax free.
PS. Or put it all on Essendon to win this weekend...GO DONS!!
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