2 UK shares I’d buy to hold until 2030

I’m on a quest to find the best UK growth shares that could make me big money over this decade. Here are two top stocks on my radar right now.

| More on:

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

I think these could be two of the best UK shares to buy for my portfolio and hold at least until the end of the decade. Here’s why.

A top electric vehicle stock

The electric vehicle (EV) revolution offers UK share investors like me many money-making possibilities. The International Agency predicts there will be 145m electric cars on the world’s roads by 2030. That’s up significantly from the 11m in 2020. It says the number could even reach 230m, if governments get serious on meeting their emissions targets.

5 Stocks For Trying To Build Wealth After 50

One notable billionaire made 99% of his current wealth after his 50th birthday. And here at The Motley Fool, we believe it is NEVER too late to start trying to build your fortune in the stock market. Our expert Motley Fool analyst team have shortlisted 5 companies that they believe could be a great fit for investors aged 50+ trying to build long-term, diversified portfolios.

Click here to claim your free copy now!

I myself have invested in car parts manufacturer TI Fluid Systems and I’m considering buying Trifast (LSE: TRI) too. This particular company makes screws, bolts and other fastenings that can be found in consumer electronics, solar panels, white goods and a broad host of other products. But Trifast’s single-biggest money spinner is in the manufacture of parts for light and heavy vehicles. Collectively these account for 35% of group revenues.

Trifast makes bespoke products for autos and so it’s built strong relationships with carmakers all over the globe. This is especially critical as OEMs select trusted suppliers to help them overcome the challenges that these new technologies create. I think Trifast’s in great shape to exploit the EV boom too because low-emission vehicles require more fastenings than conventional petrol-powered vehicles.

My main concern from an investment standpoint is that this UK share doesn’t come cheap. At current prices it trades on a forward P/E ratio of 26.8 times. This is the sort of high valuation that could prompt a sharp share price reversal if trading conditions worsen. For example, if broader supply chain problems in the auto industry hit demand for its fastenings and revenues subsequently fall.

Another fast-growing frontier

Still, from a long-term perspective I think Trifast has a lot to offer. It’s a view I take with regards to gaming software designer Frontier Developments (LSE: FDEV) as well. I expect earnings here to rise strongly as video games sales soar. Analysts at GlobalData think the global games industry will be worth $452bn by 2030. That’s double what the market was estimated to be worth last year.

Frontier Developments has a plethora of popular titles in its stable. Games within the Jurassic World  Evolution franchise and Planet Coaster and Planet Zoo canon sell in huge numbers and it has some massive titles coming down the pipe soon. These include games under the hugely-popular Warhammer wargaming banner and a new F1 motor racing motor management game.

It’s worth bearing in mind that the video games market is highly competitive and strong sales are never guaranteed. Indeed, a crowded release window at the end of 2021 prompted weaker-than-expected sales of Jurassic World Evolution 2 and a subsequent scaling down of full-year revenues forecasts. That said, I still think the company’s long track record of success makes it an attractive buy for the video games boom. It’s one of a selection of white-hot UK growth shares I have my eye on.

Our 5 Top Shares for the New “Green Industrial Revolution"

It was released in November 2020, and make no mistake:

It’s happening.

The UK Government’s 10-point plan for a new “Green Industrial Revolution.”

PriceWaterhouse Coopers believes this trend will cost £400billion…

…That’s just here in Britain over the next 10 years.

Worldwide, the Green Industrial Revolution could be worth TRILLIONS.

It’s why I’m urging all investors to read this special presentation carefully, and learn how you can uncover the 5 companies that we believe are poised to profit from this gargantuan trend ahead!

Access this special "Green Industrial Revolution" presentation now

Royston Wild owns TI Fluid Systems. The Motley Fool UK has recommended Frontier Developments. 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.

More on Investing Articles

macro shot of computer monitor with FTSE 100 stock market data in trading application
Investing Articles

Here’s a FTSE 250 stock to buy to benefit from the construction boom!

Jabran Khan details a FTSE 250 stock that could be primed to benefit from the infrastructure and construction boom.

Read more »

Young woman working at modern office. Technical price graph and indicator, red and green candlestick chart and stock trading computer screen background.
Investing Articles

Is the Royal Mail share price a buying opportunity?

With a 6% dividend yield and a price-to-earnings ratio of 3, is the Royal Mail share price in buying territory?…

Read more »

Scene depicting the City of London, home of the FTSE 100
Investing Articles

3 FTSE 100 shares! Should I buy them?

I'm searching for the best FTSE 100 stocks to buy following recent market volatility. Are these blue-chip UK shares too…

Read more »

macro shot of computer monitor with FTSE 100 stock market data in trading application
Investing Articles

Should I buy one of the cheapest shares on the FTSE 100 index?

This Fool explores one of the cheapest stocks on the FTSE 100 index by share price and decides if he…

Read more »

Asian Indian male white collar worker on wheelchair having video conference with his business partners
Investing Articles

With trading suspended, where could the Eurasia Mining (LON:EUA) share price go next?

This morning, the EUA share price was suspended pending an announcement - so could improving sales send the share price…

Read more »

Hand holding pound notes
Investing Articles

Are the FTSE 100’s top income stocks a bargain?

The FTSE 100 is renowned for its value and dividend stocks. So, are the index's top income stocks worth a…

Read more »

Compass pointing towards 'best price'
Investing Articles

Scottish Mortgage shares have slumped 40%. Time to buy now?

Scottish Mortgage Investment Trust (LON: SMT) shares have rewarded shareholders well in recent years. I'm thinking of buying now they're…

Read more »

Mindful young woman breathing out with closed eyes, calming down in stressful situation, working on computer in modern kitchen.
Investing Articles

3 recession stocks I’d buy in a hurry

With the economic outlook getting worse, our writer highlights a trio of recession stocks he would consider buying for his…

Read more »