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If You're in Your 60s, Consider Buying These 3 Stocks

KO Revenue (TTM) Chart

In your 60s, it isn't time to get fancy betting on the next high-risk tech stock or trying to time a volatile industry like energy. You need to find stable companies that can stand the test of time and start paying dividends that can grow into retirement.

Below I've highlighted three companies which I think will be around for decades to come, and which will continue to pay attractive dividends to shareholders.

Coca-Cola

There's no doubt that people are drinking fewer sugary soft drinks than they used to, but that doesn't mean that Coca-Cola 's(NYSE: KO) business isn't worth an investment today. The company has made a swift transition to drinks like water, energy drinks, fruit juices, and even tea. Shelf space is still king in the grocery business, and no one has command of the shelf like Coca-Cola.

You can see below that, despite the change in people's tastes, Coca-Cola has managed to grow overall on both the top and bottom line. It won't be a high-growth stock for investors long-term, but in your 60s it's stability that matters more than growth.

KO Revenue (TTM) data by YCharts .

With a rock-solid market around the world and the clear ability to adapt to market changes, I think Coca-Cola will be a big moneymaker for years to come. And with a 3.1% dividend yield today, it'll be a great stock for investors in their 60s.

UPS Revenue (TTM) Chart

UPS Revenue (TTM) data by YCharts .

As you can see above, earnings will be choppy, but I think UPS has built a business that will be hard to replicate and will only grow in importance in the future. Who is going to deliver your detergent order or even your weekly box of food, if not one of these small number of delivery companies? And with infrastructure that's hard to copy, it's a valuable position to own.

As for value, shares trade at 16.6 times forward earnings estimates and the dividend yield is 3%: not a bad price for a business of growing importance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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