Do you want to get rich with cheap UK shares? I think that the 2020 stock market crash has significantly bolstered my own chances of making a million or more in my Stocks and Shares ISA.
Hundreds of ISA investors like me made a fortune during the bull market of the 2010s. Is there any reason why I can’t follow their lead? I don’t think so. They bought cheap UK shares after the banking crisis prompted a share market crash that spanned late 2008 and early 2009. They then got rich as the FTSE 100 doubled in value and the FTSE 250 trebled during the ensuing decade.
I’ve bought UK shares in 2020 in a bid to follow their successes. And I plan to keep buying in 2021 as well. There remain hundreds of stocks that I think are too cheap to miss following this year’s stock market crash. Weak investor confidence means that they’ve failed to bounce back from their recent lows. This plays into the hands of eagle-eyed UK share pickers like me.
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2 millionaire-making UK shares
Of course investors need to be careful before splashing the cash in this climate. The double whammy of Covid-19 and Brexit has changed the long-term earnings outlook for a great many UK shares (such as FTSE 100 banking royalty Lloyds). A great many top companies might not even survive the carnage as their balance sheets come under colossal pressure.
But as I say, there are still exceptional opportunities for UK share investors to get rich in the post-coronavirus landscape. Here are two quality stocks I think could treble my money during the 2020s. They might even help me become an ISA millionaire.
#1: Grainger
There simply aren’t enough affordable homes in Britain to go round. And the problem is getting worse. Demand for new private rented homes will grow to 7.2m houses/flats by the middle of the decade, according to PricewaterhouseCoopers. This compares with the 4.9m homes that were needed last year.
London-quoted residential landlord Grainger is one UK share that can expect demand for its homes to rocket. And it could make its shareholders a fortune in the process. Net rental income here soared 16% in the last fiscal year (to September 2020) thanks to these favourable market conditions. With a build pipeline of 8,950 homes, it’s particularly-well placed to capitalise on this growing trend.
#2: Wizz Air
2020 has been a torrid time for UK airline shares. But the Covid-19 crisis presents opportunities for those able to survive. They stand to gain from reduced competition and will also enjoy myriad M&A opportunities to boost future profits growth.
I myself would buy shares in Wizz Air to ride this opportunity. It has a rock-solid balance sheet. It’s one of Europe’s major operators in the fast-growing low-cost segment. And the Hungarian airline is in prime position to capitalise on surging traveller numbers in Central and Eastern Europe. Statista reckons that air passenger number growth in these territories largely ranged between 5% and 10% in the first half of 2019, according to its most recent study.
