Five Stocks That Will Help Build Retirement Wealth

Retirement

Attaining old age is a blessing that we all want but cannot have since when our time on earth is up, there is nothing we can do but leave. However, that does not mean we have to live carelessly all because the future remains a mystery. Being prepared maybe the scouts motto but it also applies in our lives. Consequently, even as we work to put food on the table and clothes on our backs, we still have to be prepared for that time when we no longer have the energy to work. Saving for the future is a good idea, but unfortunately, the money does not increase much when in a bank account. Buying stocks, on the other hand, will have you basking in your sunset years as you enjoy the returns of a well-selected portfolio. To this end, let us look at five of the stocks that will assist you in building your retirement wealth.

1. PrimeCap Odyssey Growth Fund (Ticker symbol: POGRX)

According to Kayne Anderson Rudnick’s director of investment solutions, Allen Kim, we currently have a market characterized by various themes. The most notable issue is volatility which has been as a result of trade policy uncertainty and rising rates because the economy is presently at its peak in its corporate growth earnings, though short term. For this reason, if you are looking for high-growth shares, then a technology-focused stock is the way to go, and POGRX is the excellent pick. The firm has innovative healthcare firms and information technology companies on its portfolio which though the short-term volatility has caused a more aggressive profile; the long-term returns have richly awarded its investors.

2. Robo Global Robotics & Automation Index ETF (Ticker Symbol: ROBO)

As any prudent investor knows, diversifying your stock portfolio ensures that the risk is minimal. Therefore as you look to make your retirement as comfortable as possible with enough money, emerging technology companies make a good option as they have high chances of expanding in the future. Artificial intelligence and other sorts of innovation are slowly entering the market, and people are embracing their many benefits. Robotics and automation have investors already lining pockets with cash, and since they are facing exponential growth, Robo Global stands to make any investor handsome returns later.

3. Royal Dutch Shell( Ticker symbol: RDSA)

With a current yield of 5.9%, Royal Dutch Shell is already making good returns for its investors, but that is not what makes it an exception in this volatile market. Royal Dutch has been performing well regardless of how bad or good the market is which is what any investor would look for when deciding which shares to buy. For instance, even when the oil prices fell by 40% in the last quarter of 2018, it made up for this with the gas prices that went higher. Presently, its P/E ratio of 11.4 is much lower compared to other competitors like BP, which adds to its value.

4. iRobot (Ticker symbol: IRBT)

The Roomba robotic vacuum has become a household name for a robotic vacuum which has led to the growth of the company’s revenue to reach 108.9% in the last five years. Also, in the same time frame, profits have grown to 174.5% while the share price has increased by 161.7%. It holds 62% of the global market share although its robotic vacuums make up for only 23% of the high-end vacuums. It guarantees growth thanks to the partnership with Amazon which permits the newest version of Roomba robotic vacuums to have voice activation via Amazon Echo Smart speakers. Smart home technology is gaining popularity, and with such automated machines, the future is going to be profitable to those who can invest now in iRobot stocks.

5. Waste Management Inc.( Ticker symbol: WM)

What we cannot argue about is the fact that we will always have trash that needs disposal whether at home or in businesses. With our busy schedules, we need someone to help us do it, and Waste Management Inc. took this opportunity and increased its fees gradually to grow its market cap by 115% in the last five years. The fact that waste management requires lots of investment, the company already has a competitive advantage. The firm has continually increased its dividend payout for the last ten years, and it pays 1.9% of the stock’s price which guarantees stability for investors. With a P/E ratio of 18.4 that is lower than competitors, investors should consider it for growing their retirement wealth.


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