The 2020 stock market crash has created a wonderful opportunity for you and I to make a million with UK shares.
Dip buyers remains in short supply as investors fret over the evolving Covid-19 crisis and a painful economic downturn. The worrying outlook for the global economy hasn’t stopped me from buying UK shares in my Stocks and Shares ISA though.
There are too many top-quality British companies trading for next-to-nothing to miss, in my opinion. They can be bought at current rock-bottom prices and eventually sold at a huge premium, once economic conditions have rebounded.
10 millionaire-makers I’d buy today
Remember it’s not all grim out there. I’ve bought internet shopping plays Clipper Logistics and Tritax Big Box because e-commerce is set to explode over the next few years, whatever happens to the broader economy. And there are many more white-hot trends UK share investors can ride over the next decade. Some may even make you a million in the process.
Here are several more hot growth shares I’m thinking of buying for my ISA today:
- UK shares that specialise in cloud computing should be considered hot property today. We’re talking the likes of CloudCall and Iomart, for example. The growth of flexible working has supercharged growth in this computing segment in recent years. But the impact of Covid-19 threatens to make the market look like small potatoes at current levels. According to Fortune Business Insights, the global cloud computing segment will expand at a whopping annualised rate of 18.6% through to 2027. It’ll be worth an eye-watering £761bn by then, up from around £200bn in 2019.
- Capitalising on Britain’s rapidly-ageing population is another great way to try and make a million. And boy, there are tonnes of UK shares for you and I to play this theme. You can buy companies that build medical centres like Assura, or manufacturers of drugs like Alliance Pharma. These should benefit from rising healthcare demand in the years ahead. Pension providers like FTSE 100 giants Legal & General and M&G also stand to gain. As does retirement property developer McCarthy & Stone. The list goes on…
- Buying UK shares to ride the ‘green revolution’ is a great idea, in my opinion. An indirect way to do this is by buying shares in vanadium producer Bushveld Minerals. Why? Well the energy storage market is expected to soar, in large part thanks to soaring electric vehicle sales. Meanwhile, demand for energy storage should benefit from the rise of renewable energy sources as they help shore up capacity during peak periods. And Bushveld is hiking production levels to capitalise fully on this trend.
Get rich with UK shares
These are just a handful of the high-quality UK shares that could make investors an absolute packet in the years to come. And The Motley Fool’s enormous library of exclusive reports can help you find even more. So shake off any nerves, do some research, and get investing today.
You might even get a place on millionaire’s row at the end of it.
Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Alliance Pharma, Clipper Logistics, Iomart Group, and Tritax Big Box 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.