Investor appetite for UK shares remains on the canvas today. Having been battered from pillar to post during the stock market crash of early 2020, a blend of severe macroeconomic and geopolitical concerns – from rebounding Covid-19 infection rates to Brexit and political uncertainty in the US – has kept the lid on market confidence. Dip buyers are in short supply.
This is a great shame in my opinion. Sure, the global economy faces a period of serious strain in the near term and beyond. But there are still plenty of UK shares that could make long-term investors a fortune. Studies show that those who buy shares and hold them for 10 years or more make an average annual return of up to 10%. Investors who buy after stock market crashes have a chance to print even greater returns by buying high-quality UK shares at cheap prices, and then watching them balloon in value as the economic cycle recovers.
Getting rich with growth stocks
Here’s three top growth stocks I’m thinking of adding to my own Stocks and Shares ISA today:
- Exploding demand for meat-free food alternatives could make Beyond Meat a millionaire-maker in the years to come. Demand for meat substitutes has boomed in recent years on rising health and animal welfare concerns. Evidence is emerging that the Covid-19 breakout has boosted the popularity of vegan menus, too. No wonder that the boffins at Fortune Business Insights reckon that the global meat substitutes market will rocket at a compound annual growth rate of 8.4% through to 2026, then.
- Demand for non-meat products isn’t the only white-hot health and wellness trend that investors can get rich off today. As mental health comes more and more into focus demand for Mind Gym’s services are likely to grow. Covid-19 has caused some havoc at the UK share, sure. But the crisis has forced Mind Gym – which provides courses for workers to improve their wellbeing and productivity – to accelerate its transition to fast-growing digital formats. This should give profits growth an extra shot in the arm in the near term and beyond.
- Warehouse REIT is also a top UK share that growth investors should pay close attention to. Never mind the threat of a global downturn: a surge in e-commerce means that demand for its distribution and warehousing hubs is set to rocket. This particular property giant continues to invest heavily to capitalise fully on this opportunity, too. Just last week it sealed the deal to acquire two warehouse assets in the East Midlands and Cheshire for a combined £82m.
More top UK shares to buy today
These growth stocks are just a taster of the brilliant investment opportunities available to investors today. You can find even more possible millionaire makers by browsing The Motley Fool’s epic library of special reports and in-depth articles. They could help you get rich and retire early. So do some research and get buying UK shares today!
Royston Wild has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Beyond Meat, Inc. The Motley Fool UK has recommended Warehouse REIT. 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.