ASX blue-chip shares may be some of the safest investments to make right now considering all of the volatility happening and the different economic dynamics that are playing out, including AI and the huge capital expenditure that's occurring.
Stability is a valuable thing during times of uncertainty. The three businesses I'm going to highlight look like good buys right now, including where their valuations are today.
Let's get into it.
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Transurban Group (ASX: TCL)
Transurban is Australia's largest toll road operator, with roads in Melbourne, Sydney, Brisbane, and North America.
As the chart below shows, the Transurban share price has been drifting lower since November 2025, but this could prove to be an appealing entry point for the business, considering it's still seeing traffic growth.
If the business continues seeing traffic growth and inflation of toll prices over time, then its operating profit (EBITDA) and cash flow can continue rising.
The quarterly update for the three months to September 2025 saw the ASX blue-chip share's annual daily traffic (ADT) increase 2.7% year over year, with Sydney ADT up 1.7%, Melbourne ADT up 3.2%, Brisbane ADT up 2.6%, and North American ADT up 6.8%.
With the business continuing to invest in new projects, ADT can rise further. The future looks bright for the business.
It's expecting to pay an annual distribution per security of 69 cents, which represents an increase of 6% year over year. At the time of writing, this translates into a forward distribution yield of 5%.
Australian Foundation Investment Co Ltd (ASX: AFI)
I don't think of AFIC, Australia's largest listed investment company (LIC), as a single business but as a portfolio of names.
It's invested in many ASX blue-chip shares, offering solid diversification.
Its portfolio gives exposure to names like Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP), Wesfarmers Ltd (ASX: WES), and Macquarie Group Ltd (ASX: MQG).
I like how the portfolio has been constructed to offer both long-term capital growth and dividends for shareholders.
The fact that the ASX blue-chip share is (likely) trading today approximately 10% below its net tangible assets (NTA) is appealing to bargain hunters.
Coles Group Ltd (ASX: COL)
The supermarket and liquor business (it owns liquor retailers like Coles Liquor and Liquorland) isn't a high-flying stock, but it's clearly doing very well against peers.
Its supermarket business saw 7% sales growth excluding tobacco in the first quarter of FY26, which I'd describe as a strong performance, as its exclusive products, own-brand items, and value attract customers.
An ASX blue-chip share with defensive characteristics doesn't need to deliver huge earnings growth to outperform the market. Compounding is a powerful force; it's not just for the fastest-growing businesses.
As its supermarket network grows, offering more products and services and improving its supply chain, the company's profits can continue to rise.
At the time of writing, it's down by more than 10% since September, making this a better time to buy.
