The idea of making a million from share investing isn’t the stuff of fantasy. Sure, it’s not easy. But with a dedicated and sensible approach, it really is possible to get rich and retire early by buying UK shares. The growing number of Stocks and Shares ISA millionaires is perfect evidence of this.
Consequently, I believe the 2020 stock market crash provides a brilliant investing opportunity. A great many shares with terrific long-term outlooks have been sold off along with some more vulnerable and lesser-quality companies.
That means eagle-eyed investors can nip in and grab some of these stock market heroes for next to nothing. That will give them the chance to supercharge their long-term returns and, hopefully, put them on the road to making a million.
A bolt from the blue So which shares are on my personal radar, you might ask? Well, I really like the look of Trifast (LSE: TRI) after the stock market crash. This is a company which hugely impressed me when I visited their HQ several years back.
Trifast manufactures bolts, screws, and many other types of fastenings for use in the production of cars and electricals. It has a wide geographical footprint and significant distribution and production hubs in manufacturing regions across Europe and Asia.
This puts Trifast in the box seat to win business with some of the world’s largest OEMs and to service their needs with their innovative products. In fact, the company prides itself on the relationships it builds with these industry giants to build the cutting-edge products they need.
But while the small-cap is in for a tough time as the global recession kicks in, this is a share I reckon could yield brilliant returns over a longer-term horizon as manufacturing conditions improve.
And I reckon it’s a steal at current prices. Trifast trades on a forward price-to-earnings (P/E) ratio of around 13 times today and carries a 4% dividend yield too. This is a share with all the tools to help investors make a million.
Another millionaire maker? Ultra Electronics is another engineer (and possible millionaire maker) I reckon is a top buy at current prices. Its forward P/E ratio of 17 times isn’t as good as Trifast’s on paper. Nor is its 2.5% dividend yield. But I still reckon it could provide exceptional returns over the long term following the stock market crash.
Like its FTSE 100 defence sector peers BAE Systems (LON:BAES) and Babcock International, Ultra Electronics is a critical supplier to Western militaries. Just a couple of months ago, it signed a gigantic $200m-plus contract to make sonobuoys for the US Navy. This should allow it to enjoy huge profits growth during the coming years as global defence spending goes from strength to strength too.
Meanwhile, it’s unlikely to endure a cyclical slowdown like Trifast. Relations among the world’s superpowers continue to worsen, so AIM-quoted Ultra Electronics can expect its product to remain in high demand for some time yet.
The post Make a million! 2 of the best UK shares I’d buy after the stock market crash appeared first on The Motley Fool UK.
Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
Motley Fool UK 2020
First published on The Motley Fool
