3 strong ASX 100 shares for retirees to buy today – Motley Fool Australia

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:
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.
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.
Where to invest $1,000 right now
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