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£10k to invest? I think these UK shares could help you retire rich

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Many investors are avoiding UK shares at the moment. In some cases, this is understandable. The outlook for London-listed stocks is highly uncertain with the coronavirus crisis and Brexit weighing on investor sentiment. 

However, the best time to buy stocks is often when other investors are selling. What’s more, not all UK shares are created equal. Some companies, particularly in the technology sector, are world leaders in their respective fields. 

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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So, I think that buying a basket of these shares today could potentially help you retire rich. 

UK shares to buy

Credit rating business Experian (LSE: EXPN) is one of the world’s largest data processing businesses. It’s been managing consumer credit information for decades. This gives it a strong competitive advantage over the rest of the industry because, in the world of data, the more you have, the better. 

It would be tough for a competitor to replicate Experian’s data set. It’s growing every single day. This is why I think the stock could help you retire rich. Experian is one of the few UK shares that has a truly global footprint and competitive advantage. 

These advantages have helped the group produce healthy returns for investors over the past decade. An investment of £10k in the stock 10 years’ ago would be worth £51k today. As the company continues to dominate the global financial data space, I think these returns can continue. 

Market leader

There was one clear blue-chip winner from this spring’s lockdown. That was Ocado (LSE: OCDO). While many other UK shares struggled in the first half of the year, this business prospered. 

Demand for the retailer’s services was so high that it had to stop taking new customers for a while. Many companies would kill to have this problem. 

Ocado’s critical competitive advantage is its technology. The group owns the tech behind its robotic warehouses, which it’s been licensing to other retailers. The pandemic has exposed one significant weakness in supermarkets’ business models — they need humans to prepare orders.

If a large percentage of the workforce is sick, then they may struggle to fill orders. Ocado’s solution removes this issue. Robots can’t get ill, and they can keep going when the rest of the world is shut down. 

Therefore, I think the demand for Ocado’s tech will only increase. As well as this growth, the company should also continue to see rising demand for its home delivery service. 

Over the past few years, the retailer has defied all expectations. I reckon it could continue to do so. Nothing is stopping its growth from here. The firm has the money, technology and investor support. Another shutdown could even benefit the retailer. 

As such, I think it may be worth adding Ocado to a basket of UK shares today. This tech leader’s growth could only just be getting started.

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!

Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Experian. 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.

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