We here at The Motley Fool don’t fear the recent stock market crash. We don’t believe the tough economic lanscape means that investors should stop buying UK shares, either. With the right investment strategy it’s still possible to make a fortune from loading up on UK shares today. There are too many top-quality UK shares that are trading at ‘too good to miss’ prices today for us to stop investing.
Getting rich after the stock market crash
By doing some decent research it’s possible to make a million from UK shares despite the coronavirus crisis. The huge number of Stocks and Shares ISA investors who made a million (or more) following the 2008–09 banking crisis, fortunes made during a backdrop of colossal macroeconomic and geopolitical upheaval, is perfect evidence of what we can achieve if we use stock market crashes as an opportunity rather than a threat.
I myself continue to scout out quality UK shares trading below their fair value. That way I can buy them today and watch them soar in price as economic conditions improve, profits climb, and investor confidence steadily recovers. Here are just a few dirt-cheap UK shares on my watchlist today:
- XPS Pensions Group certainly offers plenty of bang for your buck. Not only does it trade on a forward price-to-earnings (P/E) ratio of around 13 times, the pensions consultancy offers a bulky 5% dividend yield, too. The essential nature of its services means that earnings should remain robust in the near term. And it can expect Britain’s rocketing elderly population to drive profits many years into the future, too.
- Tritax Eurobox looks like a great dividend share to buy, too. It offers a 5% prospective dividend yield as well. The logistics hub and warehouse operator trades on a less-appealing earnings multiple of 22 times. But I’d argue that the fast-growing e-commerce sector makes this UK share worth every inch of that premium rating. Booming online shopping volumes in Europe mean that profits here should surge in the 2020s. This should light a fire under demand for its so-called big box facilities.
- A forward yield of 4.8% makes Ramsdens Holdings a great pick for dividend hunters, too. With the British economy facing a painful (and possibly prolonged) economic downturn this is one UK share which could weather the storm better than many others as demand for its pawnbroking services will likely leap. A P/E ratio of 9 times for this financial year also suggests terrific value for investors.
More UK shares to help you get rich
Ramsdens et al are just a few of the great UK shares available for dividend investors right now. And The Motley Fool’s huge catalogue of exclusive reports can help you discover even more. So do some research and get investing today, I say. You could get seriously rich once UK share prices rebound.
