The Motley Fool

10 companies you must own before you die

If you want to put your family in a better financial position than ever before you should aim to do three basic things over your lifetime:

  1. Save regularly
  2. Invest wisely
  3. Build assets

An interesting portfolio that could be worth investigating for older Australians is one consisting only of companies that will benefit from older Australians. Australia’s demographics are such that more Australians are reaching old age now than in the past, a trend investors have spent a lot of time researching. Here are 10 companies that you simply have to own before you die:

InvoCare Limited (ASX: IVC) is an obvious choice for this portfolio as one of the largest operators of funeral homes and crematoriums in Australia and New Zealand. The company’s main brands include White Lady Funerals and Simplicity Funerals in Australia, and Singapore Casket in Singapore. In fact, InvoCare has well over 20 brands that cater for a huge range of beliefs and nationalities. A must have.

Japara Healthcare Ltd (ASX: JHC) is one of Australia’s largest listed aged care operators, with over 3,000 places in 35 properties located in Victoria, New South Wales, South Australia and Tasmania. Aveo Healthcare Ltd (ASX: AEH) and Regis Healthcare Ltd (ASX: REG) also fit into this category and a number of similar companies plan to list in the next 12 months.

With old age comes extended periods of sickness, and many elderly Australians are well insured so quality private hospitals owned by Ramsay Health Care Limited (ASX: RHC) and Healthscope Ltd (ASX: HSO) could see a steep jump in revenue over the next decade. In addition, high-margin diagnostic services provided by companies like Capitol Health Ltd (ASX: CAJ) and Primary Health Care Limited (ASX: PRY) could see stronger demand.

Finally, an interesting theme could be the use of reverse mortgages, where a homeowner can draw down on the equity in their property to cover living costs. These are offered by many of the big (and small) banks as well as AMP Limited (ASX: AMP) and Macquarie Group Ltd (ASX: MQG).

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Motley Fool contributor Andrew Mudie does not own shares in any companies mentioned. You can find Andrew on Twitter @andrewmudie