8 Blue chips for your golden years
You've got the bulk of your retirement taken care of -- so what's the best use of $5,000? Blue-chip growth stocks.
NEW YORK (MONEY Magazine) - When you put your first $5,000 into individual stocks, buy shares of companies to fill gaps in your fund portfolio. In general, funds cover growth stocks, industrials and financials fairly well. But you might want to include a defense stock, say, that doesn't track the economy. Or there might be a particular drug stock you like despite overall industry problems.
At current prices, these eight Sivy 70 stocks look especially timely. They are ranked based on the ratio of price to earnings.
Even more picks
For additional shares that have a total return potential of more than 11 percent a year, based on their dividends and projected earnings growth, look at the Sivy 70 list of blue chip growth stocks. The table below lists eight diverse stocks that look especially timely.