Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

2 top class blue chip ASX shares to buy

I think that these 2 blue chip ASX shares are top class ideas, like Washington H. Soul Pattinson and Co. Ltd (ASX:SOL).

Top class ASX blue chip shares are definitely worth thinking about. 

They are businesses that have already been around for a long time and are likely large players in their industries, perhaps the biggest. 

I think the best ones still have good growth potential for the long-term: 

Betashares Nasdaq 100 ETF (ASX: NDQ) 

This exchange-traded fund (ETF) is traded on the ASX. But it actually gives investors exposure to some of the world’s largest blue chips that are listed in the US.  

Businesses like Apple, Microsoft, Alphabet (Google), Facebook, Netflix, Amazon, PayPal, Adobe, Nvidia and so on are in the portfolio. They are innovating in their respective sectors.

These are high-performing businesses that have been growing for a long time. But the collective profit is still going up at a strong rate, which is helping the share prices. 

The NDQ ETF has performed very well over the last five years, with an average net return per year of 27.2after management fees of 0.48% (which seems fairly reasonable). I certainly wouldn’t expect the next five years to be as strong as the last five.

But, the quality of the underlying businesses in this ETF’s portfolio (and those holdings can steadily change over time) may mean that this is a very high quality idea for the long-term.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) 

WHSP is one of the oldest businesses on the ASX. It listed over a century ago. This certainly shows it has great longevity.

It operates as an investment house, which means it’s a business which invests in other businesses.

The businesses that it’s invested in also adds to the blue chip status of the company. Some of its largest investments include TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW), Bki Investment Co Ltd (ASX: BKI), Commonwealth Bank of Australia (ASX: CBA), Woolworths Group Ltd (ASX: WOW), Macquarie Group Ltd (ASX: MQG) and Wesfarmers Ltd (ASX: WES).

Not only has the blue chip ASX share outperformed the ASX 200 over the long-term, but it has also grown its dividend every year in a row since 2000. That’s a really strong record.

After the upcoming acquisition of Milton Corporation Limited (ASX: MLT), WHSP will have a big war-chest of capital to diversify further into things like international shares and private equity.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

At the time of publishing, Jaz owns shares of WHSP.
Skip to content