Best Retirement Portfolio for a 65-Year-Old

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 181

Number of Consecutive Years of Dividend Growth: 17

Average 5-Year Share Price Returns: 107.76%

A global payment technology company, Visa Inc. (NYSE:V) ranks 1st on our list of stocks for the best retirement portfolio. The company’s Tap to Phone technology is taking off nicely, with usage exceeding 200% in the past year, especially in the US, UK, and Brazil. This innovation lets businesses turn their smartphones into payment terminals, making it easier for small businesses to accept contactless payments. Nearly 30% of users are new small businesses. Visa expects even more growth as people and businesses continue to embrace the convenience of tap payments.

Visa Inc. (NYSE:V) announced $9.5 billion in revenue for the first quarter of fiscal year 2025, up 10% year-over-year. The growth came from higher payments volume, more cross-border transactions, and an increase in processed transactions. Net income was recorded at $5.1 billion or $2.58 per share on a GAAP basis, while adjusted earnings reached $5.5 billion or $2.75 per share, growing 11% from the last year. Visa Inc. (NYSE:V) also processed 63.8 billion transactions, marking an 11% year-over-year increase. By the end of the quarter, the company had $16.1 billion in cash and investments.

On January 30, Visa Inc. (NYSE:V) declared a $0.59 per share quarterly dividend. The dividend was distributed on March 3, to shareholders on record as of February 11. The company has maintained a 17-year streak of growing dividends.

According to Insider Monkey’s fourth quarter database, Visa Inc. (NYSE:V) was part of 181 hedge fund portfolios, compared to 165 in the earlier quarter. Chris Hohn’s TCI Fund Management was the biggest position holder in the company, with 16.8 million shares worth $5.3 billion.

Overall, Visa Inc. (NYSE:V) ranks first on our list of the best retirement portfolio for a 65-year old. While we acknowledge the potential of V to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than V but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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