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No savings at 50? 2 UK shares I think could still make you a Stocks & Shares ISA millionaire!

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It’s never too late to try and make a fortune by buying UK shares. The rates of return that stock investing offer mean that even those who come late to the party can get seriously rich. Some of them even achieve the holy grail and make millions in products like Stocks and Shares ISAs.

It’s been proven that long-term investors — i.e. those who buy UK shares and hold them for 10 years or more — make an average return of 8-10% per year. This means even if you’re 50 and have nothing in the way of savings or investments you still have time to build a decent pot of money for retirement.

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…

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Someone who’s 50 today won’t be eligible to claim the State Pension until they’re 67. By that time they could have created a fund of between £210,000 and £254,000 by buying £500 worth of UK shares each month.

Happy retired couple on a beach

Buying after the stock market crash

Investing in UK shares is a particularly good idea right now too. The stock market crash of early 2020 leaves many top-quality UK shares trading at little cost. As a consequence, you and I can build a five-star stocks portfolio at reduced cost and watch it rocket in value as share markets gradually recover.

This is a tactic that allowed hundreds of ISA investors to make millions after the 2008/2009 stock market crash. And here are two top UK shares I’m thinking of adding to my personal Stocks and Shares ISA:

  • Royal Mail isn’t having the best of it right now as huge restructuring costs and the letters market dies. As a consequence, the FTSE 250 courier expects to make a loss this fiscal year. I reckon its 10% share price fall in 2020 provides an attractive buying opportunity though. Why? Rampant e-commerce growth is driving parcels volumes through the roof at Royal Mail (up 34% in the first six months of 2020). And it’s accelerating restructuring plans to capitalise on this booming market and deliver excellent long-term profits growth.
  • Heightened economic uncertainty, rising geopolitical tensions, and extensive central bank money printing all bode well for gold prices. And UK share investors should consider riding this theme by buying Centamin stock, in my opinion. This FTSE 250 gold digger hasn’t fallen in value like Royal Mail in 2020. But it has plenty of scope to rocket in value in the years ahead. Some believe gold, which recently hit record highs above $2,000 per ounce recently, will double in value in the current environment. This could make many ISA investors seriously rich.

Make a million with UK shares

This is just a taster of the top-quality UK shares that could make investors an absolute packet in the years to come. And The Motley Fool’s enormous catalogue of exclusive reports can help you find even more. So do some research and get investing today, I say. You could build a huge retirement fund and possibly even make a million.

A Top Share with Enormous Growth Potential

Savvy investors like you won’t want to miss out on this timely opportunity…

Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!).

Not only does this company enjoy a dominant market-leading position…

But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks!

And here’s the really exciting part…

While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes.

That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021.

Click here to claim your copy of this special report now — and we’ll tell you the name of this Top Growth Share… free of charge!

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.

Our 6 'Best Buys Now' Shares

The renowned analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.

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