Buy Blue Chip Stocks – 5 Best Blue Chip Stocks To Buy in 2021

Fact Checked by Gary McFarlane

Blue-chip stocks can be a great addition to your portfolio if you seek investments that in many cases – offer low-risk and steady returns. Put simply, you will be investing in companies that not only dominate their respective sectors and industries – but those that have a long-standing track record that typically spans several decades.

In this guide, we discuss the best blue-chip stocks to buy right now and how to complete your investment with a 0% commission broker.

Table of Contents

#1 Broker to Buy Blue-Chip Stocks – eToro

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  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
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How to Buy Blue-Chip Stocks – A Quick Guide For 2021

To buy blue-chip stocks from the comfort of your home, you simply need to open an account with a low-cost broker.

In the quickfire guide below, you will learn how to complete the process with eToro – a regulated broker that allows you to access the best blue-chip stocks at 0% commission and from a minimum investment of just $50 per trade. 

  • Step 1: Open an Account with eToro – To register an account with eToro, click on the ‘Join Now’ button from the provider’s homepage. Next, enter your personal information and contact details as prompted.
  • Step 2: Upload Your ID – As a legitimate and regulated brokerage firm, eToro requires all new customers to upload a copy of their ID. eToro will verify your ID document in less than two minutes.
  • Step 3: Deposit Funds – The minimum deposit at eToro is just $50. If you’re a US client, no deposit fees apply. eToro supports payments via online banking, ACH, debit/credit cards, and e-wallets.
  • Step 4: Search for Blue-Chip Stock – Search for the blue-chip stock that you want to invest in. Or, click the ‘Discover’ button followed by ‘Stocks’ to browse the 2,500+ shares supported by eToro. Once you have found the blue-chip stock that interests you – click ‘Trade’.
  • Step 5: Buy Blue-Chip Stocks – To complete your blue-chip stock purchase, enter the amount you wish to invest. eToro supports fractional shares, so you can invest any amount at or above $50.

Once you click on the ‘Open Trade’ button, eToro will place your 0% commission stock investment. The shares will then appear in your eToro portfolio.

67% of retail investor accounts lose money when trading CFDs with this provider.

Best Blue-Chip Stocks to Buy Now – List of the Best Blue-Chip Stocks

There are hundreds of blue-chip stocks to choose from – from a wide variety of sectors and industries. If you’re looking for the very best blue-chip stocks to buy right now – our researchers like the look of the following companies.

  1. Amazon – Overall Best Blue-Chip Stock to Buy Right Now
  2. Johnson & Johnson – Best Blue-Chip Stock for Dividends
  3. Tesla – Best Blue-Chip Stock for Growth Potential
  4. BP – Best Blue-Chip Stock Based on Value
  5. Microsoft – Best Blue-Chip Stock Combining Dividends and Growth

We review each of the above blue-chip stocks further down in this guide.

How To Buy Blue-Chip Stocks – Choose a Broker

Once you have decided which blue-chip stocks you want to buy, you then need to choose a suitable investment platform. The best brokers offering blue-chip stocks can be found below.

  1. eToro – Overall Best Place to Buy Blue-Chip Stocks
  2. Webull – Buy Blue-Chip Stocks at 0% Commission
  3. Robinhood – Great US-Based Broker for Beginners
  4. Zacks Trade – Top Broker for Advanced Traders
  5. SoFi – Invest in Blue-Chip Stocks via Fractional Shares
  6. Fidelity – Trusted US Brokerage With 7,000+ Stocks
  7. Ally Invest – Challenger Bank Offering Low-Cost Stock Investments
  8. Merrill Edge – Online Brokerage With a Variety of Investment Accounts
  9. Interactive Brokers – Trade US Stocks at 0% Commission
  10. E*TRADE – Good Broker for Long-Term Investments

If you’re not sure which broker is best suited for your investment needs – scroll down to read our full reviews.

What are Blue-Chip Stocks?

In their most basic form, blue-chip stocks are huge companies with a long-standing reputation in their respective sectors or industries. Companies that fall under the blue-chip umbrella will usually have been listed on a major stock exchange for several decades. This means that blue-chip firms have likely gone through many stock market recessions – and always survived.

As blue-chip companies are established entities, they typically grow at a much slower rate than other sectors of the stock trading arena. This does, however, mean that many blue-chip stocks are considered less risky, as growth is more predictable. This will be highly suitable for those of you that wish to buy stocks that attract below-average volatility levels.

what are blue-chip stocks

Furthermore, blue-chip stocks will, in most cases, pay dividends. This is possible because the vast majority of blue-chips have solid and robust balance sheets, so distributing quarterly dividends will rarely have a sizable impact on free cash flow. All in all, in buying the best blue-chip stocks that the market has to offer – you can target slow and steady capital gains alongside regular dividend payments.

Best Blue-Chip Stocks to Buy Now – Full Analysis

Choosing the best blue-chip stocks for your investment portfolio can be time-consuming. This is especially the case when you consider that hundreds of stocks can be considered a blue-chip company.

With this in mind, if you’re looking for a bit of inspiration, the sections below analyze the best blue-chip stocks to buy right now. As always, ensure you research your chosen blue-chip stock picks before proceeding.

1. Amazon – Overall Best Blue-Chip Stock to Buy Right Now

All in all, we would argue that Amazon is the best blue-chip stock to consider adding to your investment portfolio. This online retailing giant continues to outperform Wall Street expectations and has since gone on to hit a total market capitalization of just under $2 trillion. Although Amazon has never paid a dividend – and has no intention of ever doing so, this shouldn’t concern you.

After all, this is more than compensated by the sheer growth of Amazon’s stock price since the firm went public in 1997. Based on an adjusted price for its many stock splits, Amazon initially traded for just $1.73 per share. Since then, the stocks have grown by almost 203,000% – hitting all-time highs of over $3,773 earlier in 2021.

amazon stock price

In more recent times, Amazon was one of the best-performing stocks of 2020. While most sectors were hit hard by ongoing COVID restrictions, Amazon shares thrived. In fact, while Amazon shares were priced at around the $1,700 level in March 2020, the stocks closed the year at just over $3,200. This translates into gains of 88%-ish in just 9 months of trading.

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Johnson & Johnson – Best Blue-Chip Stock for Dividends

Although there are a few exceptions – such as Amazon, the vast majority of blue-chip stocks have one thing in common – they pay dividends. If you’re searching for the best blue-chip stocks for this purpose, very few companies beat Johnson & Johnson. Put simply, Johnson & Johnson has been paying dividends for no less than 56 consecutive years.

johnson & johnson stock price

This makes the healthcare conglomerate a Dividend King. As such, this means that Johnson & Johnson has increased the size of its dividends with each and every quarterly payment. In terms of its running dividend yield, based on prices at the time of writing in late 2021, you are looking at around 2.5%. This is in addition to the stock’s year-to-date gains of just over 5%.

67% of retail investor accounts lose money when trading CFDs with this provider.

3. Tesla – Best Blue-Chip Stock for Growth Potential

Tesla – the world’s largest car company by market capitalization, is an interesting case. Although the firm is technically a growth stock, it is also classified as a blue-chip company. Crucially, this is because the electric car firm has since been added to the S&P 500 index, which only permits entrance to those that fall under the umbrella of a blue-chip entity.

tesla stock price

With this in mind, Tesla could be one of the best blue-chip stocks to add to your portfolio from a growth perspective. To illustrate just how quickly this company has grown in recent years, Tesla was priced at just $37 per share (adjusted for stock split) five years prior to writing this page. Since then, Tesla has gone on to hit all-time highs of over $1,200. This represents a stock price increase in excess of 2,600% since late 2016.

67% of retail investor accounts lose money when trading CFDs with this provider.

4. BP – Best Blue-Chip Stock Based on Value

BP is a global oil and gas company with its headquarters in the UK. We would argue that BP is one of the best blue-chip stocks from a value perspective. Crucially, this is because the firm is still yet to fully recover from its COVID-related losses, which was a direct impact of oil hitting record lows of just under $20 per barrel in 2020.

bp stock price

With that said, the price of oil has since its fortunes reverse, with the commodity surpassing highs of $80 per barrel. And as such, this has resulted in BP shares entering a period of strong upward momentum. Year-to-date gains in 2021 alone stand at 34%. This is in conjunction with a running dividend yield of between 4-5%.

67% of retail investor accounts lose money when trading CFDs with this provider.

5. Microsoft – Best Blue-Chip Stock Growth and Dividends

With a market capitalization that has since surpassed $2.5 trillion, Microsoft is one of the largest companies globally. The technology giant offers a good combination of capital gains and dividends – for those that seek income in two forms. Regarding the latter, Microsoft stocks are currently offering a stable running dividend yield of about 0.74%.

microsoft stock price

However, in terms of its share price growth, this has been monumental in 2021. Going from $217 per share to $336 in November 2021, this represents year-to-date gains of over 54%. Things look even more impressive when you assess Microsoft’s growth over a five-year period – which translates to gains of more than 457%.

67% of retail investor accounts lose money when trading CFDs with this provider.

Other Ways to Invest in Blue-Chip Stocks

In the sections above, we reviewed five of the best blue-chip stocks to consider buying right now. With that said, picking individual companies isn’t the only way to gain exposure to blue-chip gains. On the contrary, you might also consider a blue-chip stock index fund or even a managed CopyPortfolio.

To ensure you choose the best blue-chip stocks for your financial goals, we explore these alternative financial instruments in the sections below.

Best Blue-Chip Stock Index Fund

Make no mistake about it, there are dozens of index funds that give you access to a wide basket of blue-chip stocks. A good starting point is to consider the S&P 500 – which contains 500 large-cap stocks that are listed on the NYSE or NASDAQ. This means that through a single investment, you can indirectly buy 500 different blue-chip stocks from a variety of sectors and industries.

The best thing about an index fund like the S&P 500 is that it is managed on your behalf. This means that your chosen index fund provider will rebalance its portfolio every three months so that it continues to align with the S&P 500. For instance, if Amazon increases its basket weight from 4% to 5%, the index fund provider will mirror this adjustment.

s&p 500 price today

Another option you have is to invest in the Dow Jones. Unlike the S&P 500, this index fund contains just 30 blue-chip stocks. These are carefully selected to ensure that investors have exposure to the wider US markets. In turn, each constituent of the Dow Jones will be a market leader in its respective industry.

For instance, you have the likes of American Express, Coca-Cola, IBM, McDonald’s, Salesforce, and Walt Disney – to name a few. Irrespective of the blue-chip stock index that you opt for, you will be entitled to your share of any dividend payments that the fund receives. This will usually be forwarded to your brokerage account every three months. At eToro, you can invest in index funds at 0% commission from just $50.

67% of retail investor accounts lose money when trading CFDs with this provider.

eToro CopyPortfolio

Another popular way to invest in the best blue-chip stocks in a passive nature is via the eToro CopyPortfolio services. In a nutshell, this regulated brokerage offers dozens of pre-made portfolios – each of which will target a specific objective. Most importantly CopyPortfolios are professionally-managed, so you can invest in blue-chip stocks without needing to do any research.

best etoro copyportfolios

Perhaps the most suitable CopyPortfolio that we came across is the entitled DividendGrowth. This CopyPortfolio focuses on large-cap companies with a long-standing track record of paying stable dividends. This includes everything from Procter & Gamble, Coca-Cola, and Sanofi to AT&T, Pepsi, and Unilever.

67% of retail investor accounts lose money when trading CFDs with this provider.

How to Choose the Best Blue-Chip Stocks for my Portfolio?

As noted earlier, there are hundreds of companies that are considered blue-chip stocks. Therefore, it’s wise to know what to look out for when building a blue-chip stock portfolio of your own.

If you prefer to invest on a self-directed basis as opposed to going through an index fund – consider the metrics below in your search for the best blue-chip stocks for your portfolio. 

Dividends or Growth

A good starting point is to assess whether you want to focus on blue-chip stocks that yield attractive dividends or present good growth potential.

  • For instance, we mentioned earlier that Amazon is one of the few blue-chip companies that doesn’t pay dividends – and likely never will.
  • However, Amazon stocks are up over 360% in the prior five years alone.

On the other hand, you have firms like Johnson & Johnson – which has not only been paying dividends for 56 consecutive years, but each payment has continued to increase in size. However, over the same five-year period as Amazon, Johnson & Johnson stocks have increased by just 43%.

Industries

Once you have decided whether wish to buy blue-chip stocks based on dividends or growth, you then need to think about the specific industry that the firm operates in. In an ideal world, you will be choosing stocks that dominate their respective marketplace.

Once again going back to Amazon, this blue-chip stock is home to the vast majority of the online retailing market share. And in turn, it has very little competition to worry about. The same could be said with the likes of Google, Facebook, and even Tesla.

Market Capitalization

Another good way to select the best blue-chip stocks for your portfolio is to look at the size of the firm’s market capitalization. This will give you an indication of how much growth potential is still on the table. For example, at over $2.5 trillion, it remains to be seen just how much bigger Microsoft can get.

Western Union stocks

At the other end of the spectrum, you have blue-chip stocks like Western Union, which have a much smaller market capitalization of around $7 billion. This means that the upside potential is much greater in the case of Western Union – even though the blue-chip stock has been operational since the 19th century.

Where to Buy Blue-Chip Stocks – Full Broker Reviews

It goes without saying that you can buy blue-chip stocks from pretty-much any online broker that gives you access to equities. This does, however, mean that you will need to spend some time assessing whether the broker is a good fit for your investment profile.

For instance, check to see what the minimum deposit amount is and whether or not fractional blue-chip shares are supported. You should, of course, also check to see how much you will be charged in share dealing commissions.

If you’re yet to choose a broker for your blue-chip stock investments, below you will find reviews of the best providers in this space.

1. eToro – Overall Best Place to Buy Blue-Chip Stocks

bitcoin today

eToro is the best broker to buy blue-chip stocks online for several reasons. First and foremost, you will find thousands of stocks listed on the eToro platform. This includes blue-chip stocks listed in the US and 15 other marketplaces. For example, you might decide to diversify by investing in blue-chip companies based in the UK, France, or even Hong Kong. Irrespective of where your chosen blue-chip stocks are located, eToro allows you to invest at 0% commission.

The minimum stock investment is low at $50 – not least because eToro supports fractional shares. This means that you can invest in a stock like Amazon without needing to outlay thousands of dollars. If you prefer to take the index fund route, eToro also has you covered. Some of the most popular blue-chip markets that eToro supports in this respect include the S&P 500, Dow Jones, and NASDAQ 100. Just like stock investments, ETFs at eToro are commission-free and require a total outlay of just $50.

etoro copy portfolio

Alternative markets hosted at eToro include forex, commodities, and even cryptocurrencies. This top-rated brokerage – which is used by over 20 million people, also offers Copy Trading services. You can also invest in the preciously discussed CopyPortfolio tool, which are pre-made portfolios managed by the eToro team. In terms of safety, eToro is authorized and regulated by the SEC, FCA, ASIC, and CySEC. Opening an account and verifying your identity takes less than five minutes and you can deposit funds instantly with a debit card, online banking, e-wallet, and more.

Pros

  • Invest in stocks at 0% commission and ZERO stamp duty
  • Minimum investment per stock is $50
  • Supports debit/credit cards, e-wallets, and bank transfers
  • Regulated by the SEC, FCA, ASIC, and CySEC
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Webull – Buy Blue-Chip Stocks at 0% Commission

webull review

Webull is a US-based broker that aims to facilitate investments for both newbies and experienced traders alike. This popular platform offers thousands of stocks – many of which are considered blue-chip companies. You can also invest in ETFs and even trade stock options. At Webull, you can invest in blue-chip stocks on a fractional basis – with the minimum purchase requirement just $5.

webull review

This is great if you wish to build a diverse portfolio of blue-chip stocks with a small amount of capital. Much like eToro, Webull allows you to buy stocks at 0% commission. You do need to cover the spread though, so ensure you check this before completing your investment. On top of individual brokerage accounts, Webull also offers IRAs. Finally, there is no minimum deposit requirement at Webull.

Pros

  • Thousands of US-listed stocks
  • 0% commission trading
  • Also supports ETFs and stock options
  • No minimum deposit

Cons

  • No support for debit/credit card deposits
  • Very limited selection of non-US stocks
  • Spreads can be somewhat high
  • Wire transfer withdrawals cost $25 per transaction

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

3. Robinhood – Great US-Based Broker for Beginners 

robinhood review

Robinhood is often considered a direct competitor to Webull. This US-based broker offers thousands of stocks and ETFs – all of which are listed on the NASDAQ and NYSE. The broker offers its services in a user-friendly manner, across both a web-based platform and mobile app. The latter is compatible with both iOS and Android. Much like Webull, Robinhood does not charge any trading commissions. 

robinhood review

Once again, just make sure you keep an eye out for the spread on your chosen blue-chip stock. There are no minimum deposits at Robinhood and the minimum stock trade requirement is just $1. This is great for building a portfolio of blue-chip stocks in a risk-averse way. If opting for the Gold account – which costs $5 per month, you will have access to margin trading facilities.

Pros

  • No commissions charged
  • Offers US-based stocks, ETFs, and options
  • No minimum deposit
  • Very user-friendly

Cons

  • Spreads can be uncompetitive
  • No support for e-wallets or debit cards
  • No foreign stocks

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

4. Zacks Trade – Top Broker for Advanced Traders  

zacks trade reviewIf you’re a seasoned trader that likes to buy and sell assets on a short-term basis, you might want to consider Zacks Trade. This top-rated broker offers a plethora of tools and features that will give you the best chance possible of predicting the market. You will have access to a huge number of blue-chip stocks on this platform, all of which can be traded at just $0.01 per share ($1 minimum).

zacks trade review

Although there are no transaction fees, it should be noted that the recommended minimum deposit at Zacks Trade is $2,500. As a result, this broker won’t be suitable if you’re looking to buy blue-chip stocks with a small amount of capital. In addition to stocks, you can also trade ETFs and options. Perhaps the stand-out feature at Zacks Trade is the research department – which comes packed with advanced analysis and market insights. 

Pros

  • Advanced trading platform
  • Huge research and analysis department
  • Great for seasoned traders

Cons

  • Too complex for beginners
  • Cheaper trading fees available elsewhere
  • Minimum deposit recommendation of $2,500 or more

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

5. SoFi – Invest in Blue-Chip Stocks via Fractional Shares   

SoFi invest review

SoFi is a US-based FinTech platform that offers a variety of services. In addition to personal loans, credit cards, insurance, and auto refinancing, SoFi also offers investment products. This includes a full range of US-listed blue-chip stocks, alongside ETFs, crypto, and access to IPOs. Like many US-based brokerage firms, SoFi allows you to buy blue-chip stocks without paying any commission.

SoFi invest review

Perhaps one of the best things about using SoFi to purchase stocks is that the platform supports fractional shares. This means that you can buy just a small percentage of a single stock – which is ideal if you’re keen on large-cap companies like Amazon or Google. In terms of getting started, you simply need to open an account and make a deposit via a local bank wire or ACH. No minimum deposit applies. 

Pros

  • Supports fractional shares
  • Offers stocks, ETFs, and crypto
  • Access to IPOs 

Cons

  • Trading platform comes with limited features
  • No copy trading tools
  • Number of supported assets is somewhat limited

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

6. Fidelity – Trusted US Brokerage With 7,000+ Stocks   

fidelity review

Founded way back in 1946, Fidelity is one of the oldest brokerage firms in the US. The platform offers a wide range of investment markets – covering everything from stocks and mutual funds to retirement accounts and bonds. In terms of its blue-chip stock offering, you will find virtually every US-listed company at Fidelity.

Fees are very competitive too, with Fidelity allowing you to buy stocks at 0% commission. There are no minimum deposit requirements either. If you’re looking to invest small amounts, the Fidelity Stock Slice feature allows you to buy blue-chip stocks from just $1 per trade. Fidelity also offers a comprehensive research facility that includes market insights and real-time data feeds. 

Pros

  • Trusted US-based brokerage
  • $0 commission on US stocks and ETFs
  • Stock Slice tool allows fractional investments of $1 

Cons

  • Perhaps too complex for newbies
  • Non-US assets come with high fees  

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

7. Ally Invest – Challenger Bank Offering Low-Cost Stock Investments  

Ally Invest review

Ally Invest is the investment arm of Ally Bank – a US-based challenger bank that offers digital checking, savings, and CD accounts. By opening a self-directed trading account with Ally Invest, you can buy US-listed stocks and ETFs without paying a single cent in commission. Stock options are also competitive at just $0.50 per contract. Additional asset classes supported by the platform include bonds and mutual funds.

Ally Invest review

All supported shares at Ally Invest are US-based, so this platform won’t be suitable if you want to buy blue-chip stocks that are listed overseas. Nevertheless, like many of the brokers discussed today, there is no minimum deposit requirement at Ally Invest. If you wish to access margin trading facilities, a minimum deposit of $2,000 is required.  

Pros

  • Access banking and investment services via a single platform
  • $0 commission stocks and ETFs
  • No minimum deposit

Cons

  • Does not offer international shares
  • Tools and research features very limited   

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

8. Merrill Edge – Online Brokerage With a Variety of Investment Accounts   

Merrill Edge review

Merrill Edge is an online investment and trading platform backed by the Bank of America. The platform offers a variety of account types to suit most investment profiles. If you wish to build your own portfolio of blue-chips tocks, the self-directed account offers 0% commissions and no minimum deposit. If, however, you wish to open a guided investing account, the minimum requirement shoots up to $1,000.

Merrill Edge review

Merrill Edge also offers financial advisory services for those looking for a tailor-made investment portfolio, albeit, this requires a minimum outlay of $20,000. In addition to stocks, this top-rated platform also allows you to invest in mutual funds, ETFs, fixed-income bonds, and options. Tax-efficient retirement accounts are also offered.   

Pros

  • Several account types to choose from
  • Self-directing accounts offer 0% commission stocks
  • ETFs, mutual funds, and bonds also supported 

Cons

  • Financial advisory accounts require minimum investment of $20,000
  • No direct fractional share purchases    

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

9. Interactive Brokers – Trade US Stocks at 0% Commission

Interactive Brokers

Interactive Brokers is a trusted brokerage firm that has been offering investment services since 1978. Much like Fidelity, the broker is home to thousands of stocks, ETFs, and funds. This covers markets both in the US and overseas. To benefit from the broker’s 0% commission offering, you will need to buy stocks that are US-listed.

Interactive Brokers

Otherwise, fees are on the high side. Interactive Brokers is particularly useful if you are a seasoned investor that seeks advanced trading tools. This is because its native IBKR platform comes packed with technical indicators, drawing tools, and market insights. On the other hand, if you are a beginner, you might find Interactive Brokers somewhat complicated to use.    

Pros

  • Thousands of investments across 135 markets
  • Advanced trading platform for seasoned investors  

Cons

  • Low fees only offered on US-listed stocks
  • Too complicated for beginners 
  • Debit card deposits and withdrawals not available     

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

10. E*TRADE – Good Broker for Long-Term Investments 

E*TRADE review

E*TRADE is an online broker that is favored by those seeking to build a long-term investment plan. This is because the broker offers a wide range of retirement accounts alongside low fees. This includes Rollover IRAs, Roth IRAs, Traditional IRAs, Beneficiary IRAs, and more. You can open your preferred E*TRADE account fairly easily and then make a deposit via online banking, check, wire transfer, or ACH.

E*TRADE review

Once the funds arrive, you can then start buying US-listed blue-chip stocks at 0% commission. This is also the case with ETFs. Options and futures fees are also competitive – with prices starting at $0.50 and $1.50 per contract. As an online broker that is popular with causal retail investors, E*TRADE offers a wide range of educational material. This includes a plethora of easy-to-understand investment guides and tutorials.  

Pros

  • Great for long-term investments
  • Supports a variety of retirement accounts
  • Low fees  

Cons

  • Very limited number of non-US stocks
  • Won’t suit seasoned investors seeking high-level trading tools     

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

How to Buy Blue-Chip Stocks – Detailed & Explained in Full

This guide has so far analyzed the best blue-chip stocks currently in the market, alongside detailed reviews of which online brokers you might want to consider for your investments.

In this section, we will walk you through the learning process of how to buy blue-chip stocks from the comfort of your home.  For this detailed walkthrough, we explain the process with popular broker eToro – which allows you to invest in stocks at 0% commission and at a minimum trade value of just $50.

End-to-end, completing your blue-chip stock investment at eToro should take no more than five minutes.

Step 1: Open a Broker Account

Unlike many of the brokers reviewed on this page, opening an account at eToro is super-easy. This is because the entire process is automated – so you can get your account verified in under two minutes.

First, you will need to provide eToro with some personal information – such as your name, nationality, email address, social security number, and date of birth.

how to join etoro

In the next part of the account opening process, eToro will ask you to upload two identification documents. This includes a copy of a government-issued ID and proof of residency. For the latter, you can choose an official document like a utility bill or bank account statement.

67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Deposit Funds

Now that you have opened your eToro account, you can proceed to deposit some funds. We like the fact that eToro offers several payment methods that are credited instantly to your account. For instance, you can elect to use a debit/credit card issued by Visa, MasterCard, or Maestro, and even e-wallets like Paypal and Neteller.

Deposit Funds

If you prefer online banking or ACH, these methods are also supported. As a US client, you will not pay any fees to deposit funds. The minimum initial deposit requirement is just $50. Non-USD deposits attract a fee of 0.5%.

Step 3: Search for Blue-Chip Stocks

The easiest way to buy your chosen blue-chip stocks is to use the search function at the top of the page. Simply enter the name of the company that you wish to invest in and click on the ‘Trade’ button when the correct result appears.

etoro buy stocks

In our example above, we are looking to invest in Amazon stocks.

Step 4: Buy Blue-Chip Stocks

The final part of the process is to set up a buy order. You will see an order box appear after clicking on the ‘Trade’ button in Step 3, so now it’s just a case of specifying your stake.

etoro buy stocks

As you can see from the image above, at the time of writing, Amazon stocks are trading at over $3,500 each. We, however, are simply looking to meet the minimum investment amount – which is just $50 at eToro. In doing so, we are buying a fraction of one Amazon share.

To complete your order during standard market hours, click the ‘Open Trade’ button. Otherwise, select ‘Set Order’ and your investment will be executed when the markets reopen.

How to Buy Blue-Chip Stocks – Conclusion

The process of buying blue-chip stocks from the comfort of your home has never been easier. Not only do you have brokers like eToro that offer 0% commission on the US and 15 international markets, but fractional shares are supported as well.

This means that you can buy blue-chip stocks from just $50 irrespective of how much the shares are trading for. When you consider that many blue-chip companies trade in the hundreds or even thousands of dollars each, this makes it ideal for those on a budget.

If you’re ready to start adding the best blue-chip stocks to your portfolio right now – the process can be completed in under five minutes at eToro. 

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  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.