Blue chip.
No, we are not talking about casino chips here.
(Ok, there are no blue chips in the gif, but you get my drift…)
What we are referring to are blue-chip stocks.
A blue-chip stock is something that’s generally well-recognised and has strong financial stability.
Blue-chip companies are considered to be the best of the lot, just like a casino’s highest valued chips, which are blue.
Since blue-chip stocks are perceived to be of quality, they are rarely sold cheaply.
In Singapore, all the 30 stocks that belong to the Straits Times Index are considered blue-chip stocks.
Some of the 30 stocks are well-known names such as:
One thing to note is that blue-chip stocks are not sure-win investments, as it’s
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