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A Once-in-a-Decade Opportunity: 1 Blue Chip Stock Down 50% to Buy and Hold
Blue chip stocks possess several important attributes. The businesses behind the stocks are large and financially strong and usually leaders in their markets. They also have a reputation for dependability.Thanks to those characteristics, you won't have many chances to buy blue chip stocks at steep discounts. They're typically too stable and steady. Every once in a while, though, one of these stocks will stumble. Investors currently have a once-in-a-decade opportunity to buy and hold a blue chip stock that's down roughly 50% below its previous high.Image source: Getty Images.Continue reading
Blue chip stocks possess several important attributes. The businesses behind the stocks are large and financially strong and usually leaders in their markets. They also have a reputation for dependability.
Thanks to those characteristics, you won't have many chances to buy blue chip stocks at steep discounts. They're typically too stable and steady. Every once in a while, though, one of these stocks will stumble. Investors currently have a once-in-a-decade opportunity to buy and hold a blue chip stock that's down roughly 50% below its previous high.
Image source: Getty Images.
