My view of the 2020 stock market crash couldn’t be clearer. Sure, the global economy faces a number of significant challenges like Covid-19, escalating trade wars, and Brexit. These issues threaten to weigh on UK share prices in the short-to-medium term. But for patient investors the crash provides a great chance to get rich by buying top UK shares today and then watching them soar in value as economic conditions gradually improve.
It may take some time to reap the fruits of your investments. However, history shows us that those bold enough to buy after stock market crashes can get seriously rich during the subsequent recovery. This is how thousands of Britons made millions after the 2008–09 subprime mortgage crisis.
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3 too-cheap-to-miss UK shares
It wasn’t just those with huge amounts to invest that made a fortune from UK shares. Many hundreds of ordinary people became millionaires in the past 10 years by investing in Stocks and Shares ISAs after the crash. I’ve continued buying UK shares in my ISA following the 2020 crash with a view to repeating their successes, too.
Here are a few high-quality – and dirt-cheap – UK shares I’m thinking about loading up on today:
- The airlines have been some of the biggest casualties of the 2020 stock market crash. And this makes some of the established operators like Wizz Air worth serious attention today. The Hungarian airline is 12% cheaper from its pre-crash levels, giving investors the chance to buy this great play on fast-growing European emerging economies at an attractive price. It’s well capitalised and continues to expand despite the Covid-19 crisis. And it will benefit from reduced competition as the list of rival airlines going out of business grows.
- 888 Holdings should also be on the radar of all value-hungry British investors. Right now the gambling operator trades on a price-to-earnings growth (PEG) ratio of 1 for 2020, bang on the widely accepted bargain benchmark. It carries a healthy 2.5% forward dividend yield as well. I’d buy this UK share in an ISA as it’s a great way to play the exploding online gambling segment. The boffins at Mordor Intelligence expect the internet market to grow 6.8% annually through to 2025.
- Gear4music also looks too cheap to miss at current prices. As its name implies this UK share sells tech equipment and instruments to musicians. And sales are rocketing right now, helped by its revenues-driving online model. Today the business trades on a forward PEG ratio of just 0.3, making it a great value buy for those looking to ride the e-commerce train.
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They say that fortune favours the brave. And I reckon those who shrug off their Covid-19 concerns and continue to buy UK shares could get very rich. The macroeconomic outlook means that stock investors need to think carefully before taking the plunge. But with some help from experts like The Motley Fool you can avoid any pitfalls and supercharge your returns. You may even make a million or more.
