The Motley Fool

Forget the National Lottery! Buying cheap UK shares is a better way to make a million

We all dream of becoming a millionaire. Many of us believe the chances of this actually happening though are slim to none. It’s why the The National Lottery continues to attract a legion of loyal players more than 25 years after the balls were first set rolling. These players reckon that that blind luck provides the best chance for them to make million.

It’s true that The National Lottery has enabled more than 5,500 players to make a million (or more) since 1994. However, for every one person that’s won big, there are tens of thousands who’ve little to show for their spending.

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…

And if you click here we’ll show you something that could be key to unlocking 5G’s full potential...

Remember that chance of successfully guessing the six numbers on the National Lottery’s bog-standard Lotto game stands at a wildly-improbable one in 45,057,474. But these odds seem positively generous compared with what aspiring millionaires can expect by scooping the top prize with the EuroMillions game. The odds of winning here sit at a jaw-dropping one in 139,838,160.

A better way to make a million

The purpose of playing the lottery is, of course, to make money. It should never be treated as anything more than a bit of fun though.

If you’re serious about wanting to make a million you’d be better off investing in UK shares. Just ask any one of the growing number of millionaires who’ve made a fortune by putting their money into a Stocks and Shares ISA.

The number of people getting rich through stock investment is rising because more and more are using these tax-efficient vehicles instead of parking their money in low-yielding products like cash accounts.

Hand holding pound notes

Even if you don’t manage to become a millionaire through stock investing, you’re still more likely to have something to show for your money over the long run by buying UK shares than you are by shelling out on lottery tickets each and every week.

Say you buy 10 lines each week to play the Lotto game at £2 a pop. If you’d invested that money in a Stocks and Shares ISA, you’ll likely have made a return of at least £122k over the space of 30 years. I’d much rather have that in my pocket to retire on than having spent tens of  thousands of pounds in an impracticable attempt to try and make a million.

Buy cheap UK shares

Share investors have had to endure a rocky ride in 2020. And there might be more choppiness in the near term as the economic consequences of Covid-19 play out. Still, I reckon the recent stock market crash provides a great opportunity for share pickers to become millionaires.

The sharp selloff that spanned late February to early March has left many great-looking shares trading at rock-bottom prices. It’s a phenomenon that allows investors to buy in at low prices with a great chance of selling later on at much, much higher levels as economic conditions improve and corporate earnings rise.

And there’s a wealth of information out there to help you try and make that million with UK shares.

5 Stocks For Trying To Build Wealth After 50

Markets around the world are reeling from the coronavirus pandemic…

And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.

Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…

You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.

That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away.

Click here to claim your free copy of this special investing report now!

Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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.