Stock market crash: this is why I invested £44.09 in UK shares in an ISA to make a million

By on July 5, 2021

first_imgStock market crash: this is why I invested £44.09 in UK shares in an ISA to make a million Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images Royston Wild owns shares of Unilever. The Motley Fool UK has recommended Unilever. 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. Click here to claim your free copy of this special investing report now! See all posts by Royston Wild We all dream of one day getting rich and retiring early, maybe by investing in the stock market. It’s a goal that might be closer than you think. The huge number of ISA millionaires that have made their fortunes with UK shares over the past decade is perfect evidence of this.You don’t necessarily need to spend huge sums to get a place on millionaire’s row, either. And unlike many other forms of investment (like buy-to-let) stock investing doesn’t require constant effort to hit your target. Once you’ve created a sound investment strategy and built a balanced portfolio of quality UK shares, you can sit back and let the miracle of compounding do the work for you.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…Compound gainsSo what is compounding? Well at The Motley Fool we describe it as “the process whereby money earned from an investment builds upon itself over longer periods of time.”When you own a savings account this ‘money earned’ refers to the interest you receive, on which you then earn further interest provided you don’t withdraw it. In the case of share investing, money earned refers to the dividends you receive.And boy, those who use the dividends from their UK shares to buy more stock really can expect to make a fortune. Just ask one of those aforementioned ISA millionaires.Getting rich with UK sharesThe last dividend I received from my UK shares was £44.09 which I got from my Unilever shares. It’s not the sort of sum that set my pulse racing. But it’s put me one rung further up the ladder to making a million of my own.The beauty of buying dividend-paying UK shares, though, is that such payouts come on a regular basis. And if you build a portfolio of stocks like this you can expect to receive a river of income from your investments. You can then reinvest these dividends to buy more shares, which in turn generate more dividends that can be used to purchase even more stock. And so the cycle continues.Thinking like EinsteinOver the past 12 months I’ve received around £175 in dividends from my Unilever stock. And I’ve reinvested it to grow the size of my portfolio, along with all the other dividends I’ve received from my UK shares. I’m picking up more and more stock and I’m not even having to do much. I’m simply letting my money do all the hard work for me.There’s a reason why Albert Einstein proclaimed that “compound interest is the eighth wonder of the world.” By ploughing back your shareholder payouts you can realistically expect to get filthy rich like those ISA millionaires. With the help of The Motley Fool’s huge library of special reports you can dig out some of the best dividend-paying UK shares that money can buy. And the 2020 stock market crash means that you can pick up plenty of these for next to nothing, too.center_img Royston Wild | Saturday, 22nd August, 2020 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. Simply click below to discover how you can take advantage of this. Enter Your Email Address 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. 5 Stocks For Trying To Build Wealth After 50last_img read more

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