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Here are 2 UK shares I’d buy in an ISA to retire rich

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After the recent stock market crash, many UK shares continue to trade at low valuations. As such, I think now could be the perfect time for investors to take advantage and buy a basket of cheap stocks for the long haul.

Today, I’m going to take a look at two shares I think are worth buying right now. 

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UK shares on offer 

Online stockbroker Hargreaves Lansdown (LSE: HL) is one of the UK’s most successful companies. When it launched, the business revolutionised the online trading world, and it continues to be a leader in this field. 

Investors have flocked to the platform recently to take advantage of low valuations of UK shares. These new customers have helped Hargreaves pull through the coronavirus crisis.

Indeed, thanks to the increased demand for its services, Hargreaves is only expected to report a modest decline in profitability this year. 

The enlarged customer base may also help the group in the years ahead. Hargreaves makes money from trading revenue and account management fees. So with more customers using the platform, the company is likely to generate more earnings from trading and management fees. Management can reinvest this income back into the business to help attract even more customers.

This is the approach the business has used for the past six years. It’s worked exceptionally well. Net income is up nearly 100% since 2015. 

As the company continues to build on its success of the past few decades, I think it could be worth buying the stock as part of a diversified portfolio of UK shares. 

Homeserve

Another business I’ve got my eye on is Homeserve (LSE: HSV). This company has also reported dramatic growth over the past six years. Earnings have doubled since 2015.

Initial projections also suggest the group is on track for a solid performance in its current financial year. Analysts have pencilled in earnings growth 45% for Homeserve’s fiscal 2021. That’s extremely impressive considering the current economic environment. 

Homeserve is set to grow while other UK shares struggle because the business provides a relatively defensive service. 

The company offers a range of home services including plumbing and drainage, electrics, gas and oil central heating, and pest control. Demand for these sorts of services seems to have remained consistent throughout the coronavirus crisis. 

It also seems to me that the group has a long runway for growth ahead. The firm reported sales of just £1.1bn in its last financial year. The UK home services market alone is worth £6bn a year. Homeserve also has a small but growing US business. That market is worth a potential £80bn a year. 

Therefore, I think Homeserve has tremendous potential in the years ahead. If you’re looking for UK shares with enormous growth potential, I think it’s certainly worth taking a closer look at this rapidly growing enterprise. 

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Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Hargreaves Lansdown and Homeserve. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

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