The Motley Fool
Published Aug 30, 2020 09:52
Updated Aug 30, 2020 10:10
Stock market crash: 2 of the best UK shares I’d buy in an ISA to make a million
Do you want to make million? It’s a simple question. And it’s one that’s not that far fetched either. The growing number of ISA millionaires who are getting very wealthy on the back of UK shares proves this without dispute.
History shows that you don’t have to spend a fortune trying to break into the millionaire’s club. Someone who invests £500 per month in UK shares and reinvests their dividends can have broken the £1m barrier within 30 years, data shows. That’s based on the proven average annual rate of return of 8% to 10% that long-term investors tend to make.
The 2020 stock market crash has illustrated the short-term risks that share investors face. However, those rates of return I mentioned above show that individuals who buy UK shares and hold them for 10 years or more tend to make excellent returns. Over this kind of time horizon, share investors tend to see the value of their investments sweep higher from their post-crash lows as economic conditions improve and corporate profits rise.
2 sold-off UK shares I’d buy today Those brave enough to buy following a stock market crash can boost their chances of making a million too. The 2020 crash has seen scores of quality UK shares sold off along with some genuine dogs. This means you and I can buy them at dirt-cheap prices and sell eventually at a huge mark-up once the economy recovers and market confidence returns.
I’ve gone bargain hunting following the recent stock market crash. And I reckon you should too. Give me a few minutes to discuss two more brilliant UK shares that are on my watchlist today:
The post Stock market crash: 2 of the best UK shares I’d buy in an ISA to make a million appeared first on The Motley Fool UK.
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Motley Fool UK 2020
First published on The Motley Fool
Written By: The Motley Fool
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