Stocks to explore in 2021 if you're aged over 60

Highlights

  • Experts suggest holding almost 40% portfolio in stocks for the people in their 60s.
  • Some of the companies have marked record profits during FY21.
  • CTT and BKW delivered 158% and 29% return over the last 6 months, followed by RFF, CL1 and D2O at 14%, 9% and 8%.

People at the age of 60 or above should hold 40% of their portfolio in stocks, as things get financially harder for the people in their 60s or above, according to the experts.

For the senior citizens, an AU$500,000 fixed deposit is likely to generate only an income around AU$10,000. However, there area some ASX shares that can deliver good dividend yield along with long term capital growth.

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Cettire Limited (ASX:CTT)

Cettire Limited is an ASX listed online luxury goods retailer with a market worth of AU$1.40 billion.

According to its FY21 results:

  • Cettire reported gross revenue of AU$124.5 million, up 384% on a constant currency basis.
  • The company maintained a robust balance sheet with zero debt and cash at AU$47.1 million.
  • Operating cash flow significantly increased by 131% to AU$12.7 million.

On 27 September, CTT shares closed 0.82% lower at AU$3.660.

Brickworks Limited (ASX:BKW)

The ASX listed Brickworks Limited is a diverse building material manufacturer in Australia. According to BKW’s FY21 results: 

  • Brickworks reported a record underlying net profit after tax at AU$285 million, up 95%.

                     

ASX Stocks to explore in 2021 if you're aged over 60

 

  • Property Trust value went up by AU$184 million on the back of strong structural tailwinds.
  • Group’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) went up by 61% to AU$453 million.

On 27 September, BKW shares closed 0.659% higher at AU$25.930.

Kalkine Research Source:ASX 

Rural Funds Group (ASX:RFF)

Rrural Funds Group is an ASX listed AU$2.74-billion rural property investment firm. According to its FY21 financial results –

  • Group’s total comprehensive income increased by 98% to 36.6 Australian cents per unit.
  • Pro Forma adjusted net asset value also went up by 12% to AU$2.20 per unit.
  • The distributions per unit stood in line with forecast at 11.28 Australian cents.

On 27 September, Rural shares closed 1.107% higher at AU$2.740.

Class Limited (ASX:CL1)

ASX-listed AU$223.96-million Class Limited provides cloud-based self managed superannuation fund administration software solutions.

According to its FY21 results –

  • The operating revenue stood at AU$54.9 million, up 25% from the prior year.
  • Company’s underlying EBITDA stood at AU$21.9 million, up 15% from FY2020.

On 27 September, Class shares closed 2.778% lower at AU$1.750.

Duxton Water Limited (ASX:D2O)

ASX listed Duxton Water owns water entitlements across Australia with a market cap of AU$170.17 million.

According to D2O’s August report-

  • The net asset value per share stood at AU$1.71.
  • Duxton Water invested around AU$323 million of water assets as of 31 August 2021.

Duxton shares closed at AU$1.420, remaining unchanged from the previous close.

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