Are blue chip companies good for short or long term investment?

What are some other types of companies different from blue chips?

Blue chips are generally pretty stable, but there is variance in the price based on market conditions. GM is a blue chip, and about 16 months ago, it was at 18, but is now back in the mid 30's. If you bought bought at the low, you would have doubled your money. You can make good money from blue chips, and other types of stocks, if you can identify when a stock is trading at a significant discount. You may not always get in at 18, you might buy at 20, but if there is a deep discount, you can make great returns. You should look to places like economicinvest.com to identify value, and maximize your returns.

they tend to be more stable than cyclical stocks. they are good for long term investing because they tend to grow over many years rather than days. Also, they give higher dividends than less established companies

if you want to invest in companies other than blue chip ones, look for stock companies that have products in high demand (i.e. AAPL-apple).

blue chip cos are good for long term investment. they are stable companies that have been around for a while and comanies that grow gradually (basically gradual but stable growth). It can also be a stock of a large, national company with a solid record of stable earnings and/or dividend growth and a reputation for high quality management and/or products. Stocks that are very unlikely to drop in large increments.More generally, anything of very high quality.
Blue chips got their name from poker cuz blue chips are the most valueable. example: McDonalds, Microsoft, Nokia...

Other types of companies different from blue chips would be cyclical, growth, and i forgot the rest lol.

actually either one lets take apple. They shot up on their Iphone but quickly went back down on an SEC investigation with backdating stock options. So once news broke you could of made money either way short term. Once the SEC finishes their investigation (and assuming stevie is allowed to stay) then it should be ok for long term again.