The Social Security Administration estimates that the average 65-year-old can expect to live for about 20 more years. This figure is at an all-time high and continues to rise with each passing year, which is great news. The only downside to living longer is that retirees will be dependent on their nest eggs to provide them with a steady form of income for a much longer period of time. That makes it all the more important for today's retirees to invest at least a portion of their portfolios in the stock market. In particular, these investors should be looking for companies with strong competitive advantages in place and a bright future ahead.
Knowing that, we asked a team of our Motley Fool contributors to share a stock they think is positioned well for long-term profit growth. Read below to see which stocks they selected: Instead having to deal with the potential pitfalls of owning rental units, an easier way to invest in real estate is to buy units of Brookfield Property Partners (NYSE:BPY). I think every investor who is retired should consider investing in CVS Health (NYSE:CVS), the country's largest retail pharmacy chain by market share. One stock that's trading on the cheap, at a forward price-to-earnings of just 6 by Morningstar's estimates, and sports a juicy 4.5% dividend yield is Ford Motor Company (NYSE:F).
Source: Motley Fool
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