I think the best shares for a retirement portfolio are the ones you can put in the bottom drawer and not have to worry about.
Three shares that tick a lot of boxes for me in this regard are listed below. Here's why I like them:
CSL Limited (ASX: CSL)
I believe this global biotech star is one of the best growth options for retirees on the Australian share market. Although its shares do trade on higher than average multiples, I feel the quality of its business and its strong long-term growth potential justify this. Especially given its growing plasma collection network and the sudden emergence of its Seqirus influenza business.
National Storage REIT (ASX: NSR)
Retirees in search of income might want to consider this real estate investment trust. As its name implies, National Storage is a REIT focused on self-storage assets. Due to population growth, downsizing, and acquisition opportunities in a fragmented market, I feel National Storage is capable of growing its earnings and distribution at a solid rate over the next decade. At present the company's shares offer investors a trailing yield of 5.6%.
REA Group Limited (ASX: REA)
Another growth option that I think would be suitable for retirees is REA Group. I believe the real estate listings giant is one of the highest quality companies on the Australian share market and capable of growing its earnings even in a cooling housing market due to its paid depth advertisements. I'm not alone in thinking this way, either. A note out of Morgans last week revealed that its analysts have an add rating and $95.21 price target on the company's shares. Its analysts expect REA Group to continue its growth thanks to the increasing volume of these paid depth advertisements.
