If you're interested in adding a blue chip ASX share to your portfolio in September, then you're in luck.
There are currently a number of quality blue chips that I believe are trading at attractive prices for long term investments.
Two that I think would be top options for investors next month are listed below. Here's why I would buy them:
Cochlear Limited (ASX: COH)
The first blue chip ASX share to consider buying is Cochlear. I think the global leader in implantable hearing devices could be a top buy and hold investment option. This is thanks to its exposure to the ageing populations tailwind. As hearing tends to fade as we get older, I expect hearing products demand to increase strongly over the next couple of decades.
Other positives are the industry's high barriers to entry and its material investment in research and development. I believe these put the company in a position to capture this growing demand and deliver strong long term earnings growth. This could make the Cochlear share price a long term market beater.
Goodman Group (ASX: GMG)
Another blue chip ASX share I'm a big fan of is Goodman Group. I think the integrated commercial and industrial property group could be a great long term buy and hold option. This is due to the quality of its properties that span 17 counties and include warehouses, large scale logistics facilities, and business and office parks.
It is the company's warehouses and logistics facilities that I find most attractive. This is because they give the company exposure to the rapidly growing ecommerce market through tenants such as Walmart, DHL, and Amazon. In fact, the latter has just signed a 20-year lease for another distribution centre in Western Sydney. This property is owned by its joint venture with Brickworks Limited (ASX: BKW).
