Stock Pick

  • 3 ASX blue chip shares to put into your retirement portfolio

    If you’re looking to retire in the coming years, then now might be the time to start thinking about a retirement portfolio.

    But which shares should you buy for it? If I were constructing a retirement portfolio, I would want it to have quality blue chips which pay dividends and have solid growth prospects.

    With that in mind, here are three top options which I think could be part of a retirement portfolio:

    Goodman Group (ASX: GMG)

    I think Goodman Group would be a good option for a retirement portfolio. I believe the integrated commercial and industrial property group is well-positioned for growth over the next decade thanks to the strength of its portfolio. Goodman focuses on high-quality properties in key locations that it believes will deliver sustainable returns for investors. These include logistics and industrial facilities, warehouses, and business parks. One of the key attractions for me is its exposure to the ecommerce market through relationships with Amazon, DHL, and Walmart.

    Sydney Airport Holdings Pty Ltd (ASX: SYD)

    Another share which I would add to a retirement portfolio is Sydney Airport. The airport operator’s shares have fallen heavily this year because of the pandemic. And while its airport is a ghost town right now, it won’t be long until it is full of life again. Domestic tourism looks set to start its recovery in the coming months, with international tourism likely to follow in 2021. I’m optimistic by the end of 2022 the passenger traffic at its airports will be approaching pre-pandemic levels. This should put the company in a position to pay dividends that equate to very generous yields based on today’s share price. As a result, I think it could pay to be patient with this one.

    Wesfarmers Ltd (ASX: WES)

    A final option to consider for a retirement portfolio is this conglomerate. I think the majority of Wesfarmers’ many businesses are well-placed for growth over the next decade. Not least the key Bunnings business which goes from strength to strength. In addition to this, with the company sitting on a mountain of cash, I don’t believe it will be long until it makes some earnings accretive acquisitions. All in all, I believe this leaves Wesfarmers well-positioned to grow its earnings and dividends consistently over the coming years.

    And revealed below are more top shares which could be perfect for a retirement portfolio…

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Wesfarmers Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post 3 ASX blue chip shares to put into your retirement portfolio appeared first on Motley Fool Australia.

    from Motley Fool Australia https://ift.tt/36E288o

  • Lufthansa Amps Up EU Showdown by Holding Off on $9.9 Billion Aid

    Lufthansa Amps Up EU Showdown by Holding Off on $9.9 Billion Aid(Bloomberg) — Deutsche Lufthansa AG’s supervisory board raised the stakes in a tug-of-war with the European Union, holding off on accepting a 9 billion-euro ($9.9 billion) German rescue that includes the bloc’s antitrust demands.European Commission conditions requiring the surrender of takeoff and landing slots would weaken company hubs at Frankfurt and Munich, Lufthansa said in a surprise move Wednesday. The airline opted against immediately calling a shareholder vote and said the proposal will be reviewed, citing a need to analyze the economic hit, the repayment of the aid and possible alternative scenarios.The bailout remains “as the only viable alternative for maintaining solvency,” according to the board, an oversight body on which workers are heavily represented. But the holdup underscores the political tensions underpinning the effort to stabilize Europe’s largest airline in the midst of a historic collapse in travel.The delay comes with Lufthansa severely weakened by the coronavirus crisis. The carrier has just weeks of liquidity remaining before it runs out of cash, according to people familiar with the matter. The proposed bailout requires shareholder and EU approval before the funds can be distributed, a process that could take several weeks even without the new delay.“Its cash burn is accelerating,” analysts at Berenberg said of Lufthansa in a note published Monday, adding outflows might have doubled due to summer ticket refunds and fuel hedging losses. “We’ve been surprised at the drawn-out aid process given this elevated urgency.”The supervisory board is expected to meet again to discuss the package once it has more information on the slots matter. The airline can call a meeting at short notice, meaning it could still approve the deal this week.The stock closed 0.4% higher at 9.27 euros in Frankfurt. It has gained 9.3% before the supervisory board move on optimism that bailout saga was drawing to close.Three-Way TalksWeeks of three-way haggling between the airline, the German government and officials in Brussels over the shape of the support package were intended to avoid further hang-ups after the proposal was put to the company on Monday.Almost as soon as the deal was announced, the unity started to fray. EU antitrust officials demanded the airline give up the slots at its two key hubs, while German Chancellor Angela Merkel said in an internal meeting that she would fight for Lufthansa’s interest in talks with Brussels.Germany is separately seeking EU assurances that any deal put to shareholders is compliant with state-aid rules, the people said. It wants a so-called comfort letter from regulators to offer legal clarity on financial aspects before the EU approves the deal, one person said. That would not cover the dispute over slots.Merkel said Wednesday that talks regarding Lufthansa are ongoing. Spokespeople at the airline and in Germany’s Economy Ministry declined to comment.‘Ungrateful Lufthansa’Ryanair Holdings Plc, Europe’s largest low-cost carrier, criticized Germany’s rescue effort as an “illegal state aid scheme, which the ungrateful Lufthansa has clearly rejected.” A decision by the German airline to hand over slots in Frankfurt and Munich would boost competition, Ryanair said in a statement.“If the German government is serious about restarting air travel to and from Germany, then this state aid should be replaced with a different scheme, which would reduce air travel taxes for all airlines operating in Germany for the next 24 months,” Dublin-based Ryanair said.Officials concede in private that Lufthansa will need to give up a sizable amount of capacity in Germany to secure the European Commission’s blessing. Lufthansa could also be asked to cut back 20 planes in Germany, a person familiar with the matter said.The Commission declined to comment on the Lufthansa statement. It defended tougher conditions for the recapitalization than for a loan on the grounds that “it does not increase the debt exposure of the company and ensures that the company is supported by a strong shareholder.”Airport slots are a crucial currency for airlines, providing them with the ability to operate flights at popular times and to coveted destinations. It’s a commodity that EU regulators have often asked carriers to cede to smaller rivals when seeking approval for mergers, including during Lufthansa’s 2017 takeover of a unit of Air Berlin.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Buy these 4 ASX shares to diversify your portfolio

    I think the market crash this year has demonstrated why having a balanced and diversified portfolio is very important.

    Luckily for investors, diversification isn’t that hard to achieve. Four shares which I think would be good starters are listed below:

    Aventus Group (ASX: AVN)

    If you don’t have exposure to real estate, then Aventus could be worth considering. It is a retail property company specialising in large format retail parks. Its rental income has a reasonably high weighting towards everyday needs, with homewares, electrical, furniture, bedding and hardware making up the balance. I think this is a good mix and makes it one of the better options in the sector.

    iShares S&P 500 ETF (ASX: IVV)

    The iShares S&P 500 ETF is an exchange traded fund that gives investors exposure to the 500 shares listed on Wall Street’s famous S&P 500 index. This index is home to many of the largest and most well-known companies in the world. This includes Apple, Amazon, Johnson & Johnson, Lockheed Martin, McDonalds, Microsoft, Visa, and Walt Disney.

    Vanguard MSCI Index International Shares ETF (ASX: VGS)

    The Vanguard MSCI Index International Shares ETF is probably as diverse as you can get with shares. This exchange traded fund gives investors exposure to a total of 1,579 of the world’s largest companies listed in major developed countries. Amongst its holdings are the likes of Apple, Nestle, Proctor & Gamble, and Google parent, Alphabet

    Woolworths Limited (ASX: WOW)

    Finally, I think this conglomerate could be another way to add a bit of diversification to your portfolio. As well as its supermarkets, Woolworths is responsible for a wide range of businesses in different markets. These include Big W, BWS, Dan Murphy’s, and a large number of hotels/pubs. Given the positive outlooks for the majority of these businesses and their defensive qualities, I think Woolworths could be worth considering.

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Woolworths Limited. The Motley Fool Australia has recommended AVENTUS RE UNIT and Vanguard MSCI Index International Shares ETF. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post Buy these 4 ASX shares to diversify your portfolio appeared first on Motley Fool Australia.

    from Motley Fool Australia https://ift.tt/2XF06Rl

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