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Stock market crash: 3 of the best cheap UK shares I’d buy in an ISA in November to make a million

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Has there been a better time for UK share investors to try and make a million, or more? Despite the uncertain outlook for the global economy I think today’s a great time to go shopping for British stocks.

The FTSE 100’s drop to seven-month lows, and similar slumps across other major share indices, provides another great dip-buying opportunity, in my opinion.

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History shows us that long-term investors tend to make an average yearly return of somewhere between 8% and 10%. But those who invest following stock market weakness can supercharge their returns beyond even these impressive levels.

This strategy helped hundreds — some say thousands — of Stocks and Shares ISA investors become millionaires in the years following the 2008/2009 stock market crash.

Investors clearly need to be careful before splashing out on UK shares. A long economic downturn will play havoc with many companies’ profits performances and dividend policies. A great many stocks might not even survive beyond the short-to-medium term.

However, for those that do plenty of research, there’s a wealth of opportunity to get mega-rich over the coming decade.

Person using calculator next to charts and graphs

3 brilliant UK shares that could rocket

Let me talk you through three top UK shares I’m thinking of adding to my own Stocks and Shares ISA. I think their share prices may even rocket again in the days and weeks ahead:

  • There are a number of reasons why gold prices could zoom to fresh record highs again. Worsening news surrounding Covid-19 is the most obvious possible driver. But pontentially botched Brexit negotiations, an inconclusive US presidential election result, and a recent uptick in terrorist activity are all reasons why demand for the safe-haven asset could pick up. This means bullion producers, like Serabi Gold, could rise again before long. A low forward price-to-earnings (P/E) ratio of 6 times in this case certainly leaves plenty of scope for fresh price gains.
  • I’m tipping B&M European Value Retail stock to gain value this month too. This UK share is slated to release half-year financials on Thursday, 12 November. And I’m expecting the value retailer to announce trading has remained strong as deteriorating consumer confidence boosts demand for low-cost foods and household products. B&M’s most recent update showed group revenues rose by more than a quarter year-on-year between April and September. Despite heady share price gains in 2020, the retail giant trades on a forward P/E multiple of 14 times. This makes it a steal, in my book.
  • I reckon the Codemasters Group share price could also rise when its half-time numbers are unpackaged on Monday, 23 November. 2020 has proved to be a blockbuster year for home entertainment stocks like these, due to Covid-19 lockdowns. Codemasters saw revenues more than double during the six months to September. And I’m expecting trading to have remained strong since then, thanks to a slew of new title releases. This UK share also looks quite cheap as it trades on a forward price-to-earnings growth (PEG) ratio of 0.2. And this makes it a top buy for November.

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Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended B&M European Value. 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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