The Motley Fool
Published Aug 09, 2020 13:30
Updated Aug 09, 2020 13:40
Stock market crash: 3 cheap UK shares I’d buy in an ISA to make a million and retire early
It’s no surprise that investor appetite for UK shares remains pretty weak. The stock market crash may have happened months ago, but Covid-19 news flow continues to chill, fuelling the spectre of a long and painful economic recession.
It’s clear that buyers of UK shares need to be extremely careful. Dividends have fallen like dominoes in 2020 as the outlook for corporate profits has imploded. FTSE 100 colossus BP’s decision to cut the dividend last week shows that the bloodbath is not yet over either, as companies large and small scramble to protect their balance sheets. Covid-19 could even sound the death knell for many UK shares like embattled retail property owner Hammerson.
Think like an ISA millionaire! That being said, I think those who’ve stopped buying shares completely are making a huge mistake. Those who do proper research and take care to build a balanced portfolio of financially sound UK shares can expect to hurdle the worst of the Covid-19 crisis and generate brilliant returns over the long run.
I’d go one step further, in fact, and suggest that those who prefer not to invest today are wasting an exceptional opportunity to get rich with UK shares. They have a chance to buy quality stocks at rock-bottom prices and then watch them soar in value as economic conditions improve. This is how ISA millionaires who bought in at the depths of the 2008/09 financial crisis got rich in the last decade.
3 ‘too-cheap-to-miss’ UK shares There’s a wealth of cheap UK shares that I think are too cheap to miss at current prices. Give me a few minutes to go through a few of my favourites:
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Motley Fool UK 2020
First published on The Motley Fool
Written By: The Motley Fool
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