Stock market crash: I’d buy cheap UK shares in an ISA to capitalise on the new bull market

first_img Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. Peter Stephens | Friday, 16th October, 2020 Since the stock market crash, UK shares have entered a new bull market. This is defined as a 20% rise from their low during the short-lived bear market that occurred in the first part of 2020.Despite entering a new phase of growth, the outlook for many British shares continues to be relatively uncertain. As such, it’s possible to buy cheap stocks in a wide range of sectors.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…They could deliver impressive returns over the long run. Therefore, now could be the right time to buy a wide range of them in a tax-efficient account such as an ISA.A new bull market for UK sharesIt may not feel as though UK shares have entered a new bull market. After all, the economic growth rate has been disappointing of late. Meanwhile, rising unemployment and heightened political risks could weigh on investor sentiment. They may even cause a second stock market crash in the coming months.However, now could be an opportune moment to buy a number of high-quality shares while they trade at cheap prices. Weak investor sentiment towards the wider stock market means that, in many cases, company prospects and financial positions aren’t accurately reflected in their valuations. Furthermore, some sectors contain businesses with the financial strength to survive the short-term challenges they face and benefit from a subsequent recovery. Yet weak investor sentiment towards the industry means they trade at extremely low prices.Buying cheap stocks todayBuying cheap UK shares at this point in the new bull market could be a sound move. It may enable you to benefit from a likely improvement in investor sentiment over the coming years. Every previous bear market has eventually been followed by rising stock prices that have lifted indexes such as the FTSE 100 and FTSE 250 to new record highs. Sometimes this has taken many years to achieve. But long-term investors are likely to have sufficient time to enjoy the benefits of a rising stock market.Of course, some British shares will fail to deliver strong capital growth in the coming years. They may face difficult operating conditions for a prolonged period of time. Therefore, it’s crucial to diversify across a range of sectors. Doing so also enables you to benefit more fully from the stock market’s recovery, in terms of accessing a wider range of opportunities.A Stocks and Shares ISABuying UK shares in a tax-efficient account such as a Stocks and Shares ISA may help you to maximise your returns in the new bull market. No tax is levied on amounts invested in an ISA, nor is it paid on withdrawals. This could improve your return profile and lead to greater financial freedom in the coming years as the stock market’s recovery from its recent crash takes hold. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Stock market crash: I’d buy cheap UK shares in an ISA to capitalise on the new bull market 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. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Peter Stephens Enter Your Email Address 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.last_img

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