An article by Jeremy Siegel on Yahoo! Finance on April 20th, 2006 gives some savy investment advice. Get into some blue chips.
The table below lists the twenty best-performing of the original S&P 500 firms that have survived since the index was formed almost 50 years ago. If you were lucky enough to own a portfolio of these 20 stocks, you would have beaten the S&P 500 by more than 4.5% per year and seen your wealth grow eight times the level it would have grown to in the S&P 500...Interestingly, virtually all of these stocks, despite their history of remarkable returns, have reasonable P-E ratios today. The average forward looking P-E ratio of these twenty stocks is currently 16.33x, which is only one point higher than the S&P 500.