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The best thing you can do in investing is to start, and you don’t need a lot of money to start. With so much uncertainty in the market right now, many people may be hesitant to invest, but it’s not the best approach. If you have $1,000 to invest, these blue chip stocks are right for you.

Apple

With over $2 trillion in market capitalization, Apple (AAPL 1.15%) is America’s most valuable company and a key driver of the tech industry for decades. It became the first US company to hit the $3 trillion market cap milestone in January 2022, but like many other tech stocks (and the market as a whole), it’s been a tough year for the company, as the stock has fallen 28% per year for Date. Even with its size, there’s still room for a lot of growth with Apple.

The iPhone is by far Apple’s most valuable product, and has been that way for some time now, accounting for more than half of its net sales. However, I don’t believe that the future of Apple’s growth rests with the iPhone; I believe these are their deepening moves in the financial services space. Apple dove into it when it announced Apple Pay in 2014, and went further when it launched Apple Card in 2019. But its recent entry, Apple Pay Later, puts the writing on the wall that they are ready to go all in.

Apple Pay Later lets customers split their purchases into four equal payments over six weeks with no fees or interest. But more than the feature itself, the important part of the release is the fact that Apple will underwrite and fund the loans themselves – something it hasn’t done in the past. With Apple Card, Apple has partnered with Goldman Sachs to approve applications and fund loans, but now the company is confident that it has the tools (read: data) to become a lender itself.

Apple has one main advantage that other finance companies don’t have: its products are in the hands of a lot of people. As the financial services industry evolves with the emergence of different fintech companies, it only makes sense that a company with Apple’s technological expertise and reach would fit into the space, using its vast resources to get started.

Coca Cola

While so many stocks have been beaten in 2022, Coca Cola (KO 0.61%) saw its share price in the green for most of the year. There’s a reason Coca-Cola is considered a blue chip stock: its global brand and strong returns over the years are undeniable. In February 2022, Coca-Cola announced that it would increase its annual dividend for the 60th consecutive year, marking a decade as Dividend King. With so much uncertainty in the market right now, the one thing you can be almost certain of is that Coca-Cola will continue to reward its shareholders.

The Coca-Cola portfolio consists of over 200 brands worldwide, including household names like Sprite, Powerade, Minute Maid, Topo Chico and many more. What’s particularly impressive about the beverage giant, however, is that it’s never been content with the dominance of some of its flagship products and has always been willing to adapt to new consumer preferences. consumers.

Coca-Cola’s release of Lemon-Dou in 2018 was its first alcohol entry since the late 1970s. While we’ve seen the growth of hard seltzers and canned cocktails, we’ve also seen Coca-Cola’s offerings increase with products like Simply Spiked Lemonade, Topo Chico Hard Seltzer, and Jack Daniel’s & Coca-Cola Ready-to-Drink. The company is already a strong player in the non-alcoholic beverage space, and it is now gaining momentum in the alcohol space.

With Cola-Cola, you know you’re getting a company with good long-term stability and a rewarding dividend. You can rarely go wrong with this.