Stock market crash: I’d buy cheap UK shares in an ISA today to make a million

first_img “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Image source: Getty Images. Following the stock market crash, many UK shares are now trading on relatively low valuations. Although there is the potential for them to move lower in the coming months due to ongoing coronavirus risks, over the long term, they have the potential to experience a strong recovery.Therefore, buying them now could prove to be a sound move. It may enable you to build a surprisingly large nest egg that may even be worth over £1m in the coming years.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…The recovery potential for cheap UK sharesBuying cheap UK shares after a stock market crash is never an easy task for any investor. Your gut instinct is to sell stocks when they have fallen heavily and their prospects are challenging due to a weak economic outlook.However, history shows that acting in the exact opposite manner can be a shrewd move. Indexes such as the FTSE 100 and FTSE 250 have long histories of experiencing periods of growth and decline. So far, neither have ever lasted in perpetuity. Therefore, investors who can buy when stock prices are low can access cheap valuations that are very likely to rise as the world economy’s growth rate and investor sentiment improve.Stock market crash potentialCertainly, there is the potential for another stock market crash that could cause the valuations of UK shares to decline yet further. However, above all else, this year has shown that many economic downturns and stock market declines cannot be accurately predicted ahead of time.Often, they start as potential threats to investors that quickly become major risks to economic growth. However, on other occasions they have been unforeseen events that quickly impact negatively on investor sentiment and stock prices.Therefore, waiting for a more settled economic environment may mean that you fail to capitalise on low valuations among UK shares at the present time. With heightened risk often come more attractive valuations that can catalyse the portfolios of long-term investors as indexes such as the FTSE 100 and FTSE 250 recover.Reducing riskOf course, it is important to reduce risk when buying UK shares. Otherwise, your portfolio returns could be decimated by economic woes.As such, diversifying across a wide range of shares is a prudent step for all investors to take. It reduces your reliance on a small number of businesses for your overall returns. Similarly, selecting high-quality businesses may lessen the impact of an economic downturn on your portfolio’s performance. It may also mean that you have a higher chance of taking part in a likely economic recovery.Clearly, UK shares are riskier investments than other assets such as cash and bonds. However, they offer significantly greater return prospects over the long run. Buying them today while they are cheap could be a sound means of improving your chances to make a million. Stock market crash: I’d buy cheap UK shares in an ISA today to make a million Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares 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. 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. 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. Peter Stephens | Wednesday, 29th July, 2020 Enter Your Email Address See all posts by Peter Stephenslast_img read more