3 strong ASX 100 shares for retirees to buy today

Here's why I think Coles Group Ltd (ASX:COL) and these strong ASX 100 shares would be great options for retirees…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're a retiree looking to invest in the share market, then I think the ASX 100 shares named below would be worth considering.

Despite the uncertain times we are living in, these companies look well-placed to deliver solid full year results in FY 2020 and beyond.

Here's why I think they are great options for retirees:

Coles Group Ltd (ASX: COL)

The first ASX 100 share I would consider buying is Coles. I think the supermarket giant is a great option for retirees due to its defensive earnings, strong market position, and the refreshed strategy unveiled last year. This strategy aims to make $1 billion in cumulative savings by FY 2023 through the use of technology to automate manual tasks and simplifying above-store roles. Combined, I believe Coles is well-positioned to achieve solid earnings and dividend growth over the next decade.

Goodman Group (ASX: GMG)

Another strong share for retirees to consider buying is Goodman Group. It is an integrated commercial and industrial property group which owns, develops, and manages industrial real estate in 17 countries. Its warehouses and logistics facilities are the assets that attract me to the company the most. These appear to have positioned Goodman perfectly for growth by giving it exposure to the structural tailwinds of the ecommerce market thanks to its relationships with the likes of Amazon and Walmart.

Telstra Corporation Ltd (ASX: TLS)

A final strong ASX share to consider buying is Telstra. I think the telco giant is a great option for retirees because of its generous yield and defensive qualities. The latter has been evident this year with Telstra one of only a small number of ASX 100 companies that have been able to reaffirm guidance. Looking ahead, I believe a return to growth isn't too far away thanks to the easing NBN headwind. This could make it an opportune time to make a patient investment.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of COLESGROUP DEF SET. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ⏸️ Dividend Shares

A boy hold money and dressed in business suit next to money bags on a desk, indicating a dividends windfall
⏸️ Dividend Shares

The Accent (ASX:AX1) dividend has lifted by 22%

The company will reward shareholders with an increased dividend...

Read more »

a woman sits in the driver's seat of a car with her arm resting on the door with a small smile on her face, looking out of the car.
⏸️ Dividend Shares

Carsales (ASX:CAR) share price records a modest rise on dividend slash

Australia's largest online automotive and marine classifieds business notches a conservative share price rise on its latest report.

Read more »

A young entrepreneur boy catching money at his desk, indicating growth in the ASX share price or dividends
Bank Shares

ASX 200 bank shares to follow suit after CBA dividend hike: expert

Dividend investors rejoice! This expert expects more dividends to come from ASX 200 bank shares...

Read more »

sad looking petroleum worker standing next to oil drill
Share Fallers

AGL (ASX:AGL) dividend slashed. Share price down 3% on Thursday

More headwinds for the energy giant as its dividend is now in the spotlight.

Read more »

A girl looks through a microscope at money.
⏸️ Dividend Shares

The ANZ (ASX:ANZ) share price has only gained 10% in 5 years. But have the dividends paid off?

We do the math to see if it has been worth investing in ANZ shares over the long term...

Read more »

man laying on his couch with bundles of money and extremely ecstatic about high dividend returns
⏸️ Dividend Shares

The NAB (ASX:NAB) share price is flat 5 years on. But have the dividends paid off?

We calculate if it has been worth investing in NAB shares over the long run...

Read more »

two children dressed in business attire with joyous, wide-mouthed expressions count money at a desk covered in cash and sacks of money either side.
⏸️ Dividend Shares

Top-10 ASX dividend share delivers market-thumping share price gains

The Holy Grail for income stocks is to return strong capital gains as well

Read more »

happy woman looking at her laptop with notes of money coming out representing financial success and a rising share price and dividend yield
⏸️ Dividend Shares

Mining shares in the ASX 200 might unearth US$26b worth of dividends

Are shareholders about to dig some dividends?

Read more »