The share market is full of exciting options to create the type of investment returns you're after. Whether it's growth, income, low(er) risk or a certain industry, there are good options.
Investors looking for retirement shares should focus on businesses that have long-term futures, that generate reliable profit and look as though they can keep growing.
If I were to choose some ASX300 shares for my grandad, here are four of the ones I'd pick:
National Australia Bank Ltd (ASX: NAB)
All retirees want a big bank in their portfolio, mainly for the income. I recently outlined why NAB is my favourite bank at the moment and it would be the one I would choose.
The best thing about NAB is its grossed-up dividend yield of 8.69%. This is good and has a little wriggle room with the payout ratio as well.
Rural Funds Group (ASX: RFF)
Rural Funds is the only ASX-listed REIT focusing purely on farmland and leasing it to quality tenants such as Select Harvests Limited (ASX: SHV) and Treasury Wine Estates Ltd (ASX: TWE).
The business is always looking to expand its property portfolio to be more diverse. Its farm types now include almonds, macadamias, vineyards, cotton, cattle and poultry.
Rural is trading with a trailing distribution yield of 4.59%.
Sydney Airport Holdings Ltd (ASX: SYD)
Sydney Airport is one of the largest ASX-listed beneficiaries of the growth of international visitors.
Every month the business updates the market with international growth of passengers in the high single digits or low double digits.
Sydney Airport could see a growing percentage of the retiree population use its services as they go on overseas holidays.
Sydney Airport is trading with an unfranked dividend yield of 4.49%.
NIB Holdings Limited (ASX: NHF)
NIB is one of the largest private health insurers in Australia.
A lot of retirees would have Medibank Private Ltd (ASX: MPL) in their portfolio but I think NIB is the better choice because it is growing much faster and could grow even more with the recently-revealed health insurance changes by the government.
NIB is trading with a grossed-up dividend yield of 4.36%.
Foolish takeaway
I think the above four shares would be suited to any retiree portfolio and should produce a good mixture of dividends and growth.
