Has there been a better time to make a million from UK shares? Where some investors see danger, others see opportunity. I for one reckon that using the recent stock market crash to buy bargains is a great idea. It could help you to turbocharge the returns you make over the long run.
Making a million is the dream of all stock investors. But unlike many dreams it could be closer than you think. Just ask one of the many millionaires who have made their fortunes by buying equities in a Stocks and Shares ISA. Buying low and selling high is a critical part of making big returns from your shares portfolio. And the 2020 stock market crash gives you and me a chance to get in on some brilliant companies at cheap prices.
A stock I bought to make a million
So which are the best UK shares to buy following recent price weakness? Well I reckon Cineworld is one of the hottest bargains for aspiring millionaires to snap up right now.
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The cinema chain has been one of the biggest fallers on the FTSE 350 since the start of the year. Its share price has plummeted 74% as its cinemas were shuttered after the Covid-19 outbreak. Its outlook has improved more recently though as lockdowns in the US and UK have been eased and the firm’s taken steps to mend its battered balance sheet. Box office revenues remain on a long-term uptrend and Cineworld is in great shape to ride this favourable landscape in the years ahead, underpinned by a strong slate of blockbuster movies through 2025 at least.
More top UK shares to help you get rich
I bought Cineworld shares as part of my strategy to make a million. I also piled into Barratt Developments because of the bright long-term trading outlook for Britain’s housebuilders. It’s estimated that the UK needs 345,000 new homes per year. The FTSE 100 company faces some near-term difficulties as the economy toils. But a shortage of new properties on the market, allied with the probability of fresh government support for buyers, should help the sales and prices of its newbuilds stay broadly robust. I’d use its 34% price crash since the start of the year as an opportunity to grab a bargain.
WH Smith’s share has plummeted in value as well since 1 January. The grounding of the global aviation industry has destroyed revenues from its airport stores. The shuttering of its high street shops has applied more pressure and so its share price is down 58% from the start of the year. I believe the news agent’s long-term profits picture remains robust, though. Air traveller numbers are still set to explode in the years ahead, and particularly so as the wanderlust from emerging markets citizens grows. And WH Smith’s ambitious expansion programme will allow it to ride this trend and make serious profits for investors in the process.
