Ever dreamed of making a million from UK shares? You wouldn’t be alone. It might even be the reason why you’re browsing The Motley Fool’s pages today. The good news is that the recent stock market crash has significantly boosted all our chances of getting stinking rich by buying UK shares.
Investor confidence remains at rock bottom following the stock market crash of early 2020. This means oodles of top-quality companies are going for next-to-nothing following the share price meltdown. So even if you didn’t buy UK shares after the initial crash there’s still time to nip in and grab a bargain.
Making millions after stock market crashes
They say fortune favours the brave. And, in my opinion, those who rise above the gloom and buy stocks today will significantly boost their chances of becoming a millionaire. They can stock up on cheap UK shares today and watch them soar in value as the global economy improves, corporate profits rebound, and confidence across financial markets returns.
The number of Britons who made millions in products like Stocks and Shares ISAs rocketed during the 2010s. This is because they bought UK shares during the depths of the 2008/2009 stock market crash and got rich off the rally in the subsequent years.
2 top ISA buys
I continue to buy UK shares for my own ISA with a view to repeating their successes. And I think you should too. Here are two cheap UK shares I’m considering snapping up today:
- Smiths Group isn’t immune to the economic downturn but it’s better-placed to navigate these choppy waters than many. The FTSE 100 company has market-leading positions in a number of engineering segments. It also has significant exposure to defensive sectors like medical care and defence. And it has a robust balance sheet thanks to its impressive cash generation. This UK share trades on a forward price-to-earnings growth (PEG) ratio of just 0.8 times. Any PEG reading below 1 is generally considered to be bargain-basement territory.
- Devro’s also got all the tools to make UK share investors a fortune in the coming decade. Meat consumption is set to soar as rising wealth levels and population growth in emerging markets drive demand. Indeed, the OECD reckons pork consumption will be strongest in some of Devro’s key markets of China and South-East Asia through to 2027. So the food giant can expect demand for its sausage casings to soar. What also makes this such a great share to buy today is its low forward P/E ratio of 11 times and mighty 6% dividend yield.
More cheap UK shares to get rich with
These are just a couple of the terrific UK shares available for value investors to buy today. And The Motley Fool’s huge catalogue of exclusive reports can help you discover even more. So do some research and get investing today, I say. You could get seriously rich and possibly even make a million.
Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Devro. 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.