In this down economy, which blue chips are good long term buys?

Question

I'm thinking of buying a few blue chip stocks to hold for 5-20 years. Which would be good ones?

I know all of them have dropped a lot, I'm just not sure which one to buy. Thanks!

Answer 1

I like PG,JNJ,PEP,MCD and BAC if you have the stomach for it.These are the blue chips I am grabbing as well as some small caps.

Answer 2

Look at GE it has a nice dividend right now at 4.5% and out of all of the companies that is the most likely one to stll be here in 20 yrs.

Answer 3

I like Pfizer (PFE). It pays over a 7% dividend and no matter what happens to the economy, people get sick and need drugs. The only downside is that if Obama gets elected he has promised to s***w the drug companies and the oil companies, along with almost every other big business. Good luck.