No savings at 50? The stock market crash could be a chance to retire rich with UK shares

first_imgSimply click below to discover how you can take advantage of this. Peter Stephens | Tuesday, 18th August, 2020 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” See all posts by Peter Stephens Enter Your Email Address Image source: Getty Images No savings at 50? The stock market crash could be a chance to retire rich with UK shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. The stock market crash has caused many UK shares to trade at low prices. It’s also prompted dividend cuts across the FTSE 100 and FTSE 250. They may dissuade many potential investors from seeking to build a retirement nest egg that’s made up of UK shares in order to produce a passive income in older age.However, over the long run, UK shares are likely to not only recover from their cheap current prices, but are set to resume dividend payouts in the coming years. As such, now could be the right time to buy a selection of them for the long run.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Recovery prospects after a market crashThe 2020 market crash came as a surprise to most investors. However, the reality is that such downturns have been a feature of the stock market since it was first formed. It’s always experienced sudden, sharp falls that have been followed by a slower return to previous highs.For anyone aged 50, or who has a decade or more left until they will retire, there’s likely to be sufficient time for UK shares to recover from their current low prices. For example, the FTSE 100 halved in the global financial crisis before experiencing a bull run that lasted for more than a decade. Investors who buy stocks after a decline, and hold them for the long run, generally benefit from the stock market’s recovery potential.Therefore, even if more volatility is ahead after the market crash, in the long run UK shares are likely to be a sound means of producing a retirement nest egg. Buying them now at low prices could improve your chances of enjoying financial freedom in older age.Passive income potentialAs well as their capital growth potential, UK shares also offer long-term income opportunities, despite the market crash. Certainly, fewer FTSE 100 and FTSE 250 companies are now paying dividends than was the case at the start of the year. However, over the coming years an improving economic outlook is likely to mean that dividends return on a wider basis across the stock market.As such, buying a diverse range of companies now, and holding them in the long run, is likely to mean that you enjoy a growing passive income by retirement. And, with the stock market having historically offered a superior income return to other assets, such as cash and bonds, it could continue to provide a generous income return in the long run on a relative basis.Buying stocks after the market crash may mean lower dividends and volatile capital returns in the short run. But over the long run, the stock market appears to offer considerable total return potential. Therefore, now could be the right time to buy a selection of UK shares while they are priced at bargain levels.last_img

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