Here at The Motley Fool, we writers believe stock market crashes, like the one of early 2020, provide an excellent opportunity to get rich from UK shares.
It’s said form is temporary but class is permanent. So when share markets swing wildly, you shouldn’t be selling up and heading for the hills. If you’ve taken the time to build a well-researched and balanced portfolio of UK shares, you should have the courage to believe it’ll bounce back and deliver terrific returns over the long run.
The best investors even use stock market crashes as an opportunity to load up on quality stocks while paying little for the privilege.
3 of the best UK shares
I’m certainly not going to throw in the towel and abandon my plan to get rich and retire early. The most successful investors (like ISA millionaires) use stock market crashes as an opportunity to maximise their long-term returns. Let me fill you in on some of the brilliantly-priced UK shares that are on my personal watchlist today:
- Loopup Group’s share price fails to reflect its terrific growth outlook in both the near term and beyond. Forget about the threat of a global recession. This business provides remote meeting services under the software-as-a-service (SaaS) umbrella. And so it’s well-placed to ride the rise in home- and flexible-working over the next decade. A low forward price-to-earnings (P/E) ratio of below 13 times today is too cheap, given this sunny outlook.
- Trans-Siberian Gold, which trades on a P/E multiple of 7 times, also looks scandalously cheap right now. Bullion prices have literally just hit record tops, close to $2,000 per ounce. And the smart money is on gold prices continuing to rocket over the next few years at least. Trans-Siberian should find itself in the box seat to ride this train as production rates and ore grades rocket at its Russian mines.
- GlaxoSmithKline from the FTSE 100 is also one of the best cut-price UK shares to buy today. It offers the perfect blend of low forward P/E ratios and bulky dividend yields. These sit at 13 times and 5% respectively. It’s a brilliant selection for risk-averse investors as demand for its medicines will remain largely unaffected by any economic downturn. And, over the long term, its packed product pipeline should deliver electric profits growth.
Make a fortune with bargain shares
Buying Glaxo et al’s shares at today’s current prices should pave the way for mighty shareholder returns in the years ahead. They’re just a few exceptional cut-price UK shares available for you and I to buy today however. The Motley Fool’s vast library of timely articles and special reports provides ideas for even more top stocks to buy today.
My advice is to get reading and be prepared to buy quality stocks after the stock market crash. You don’t want to waste this brilliant investing opportunity.
Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended GlaxoSmithKline and LoopUp Group. 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.