One of the most common advice we often heard when for people who are just starting out investing:
“Invest in blue chips and you won’t go wrong.”
If you’re just starting out, you may find this advice all too familiar. And for those who are in this industry for long, you may have realized by now how wrong this is.
In this episode of #AskDrWealth, we're going to explain why this advice is just another common misconception . We will go in deep about why blue chips stocks are like all other investments, risky. And what you should do instead.
Why Are Blue Chips Deemed Safe?
A reason why people believe that blue chips are great investments is because of their shiny reputation. They come from huge companies and have been around for so long.
But just because this is the case, these stocks are not necessarily safe. In ...