July 5

No savings at 50? I think these 2 cheap UK shares can help you retire rich

first_imgNo savings at 50? I think these 2 cheap UK shares can help you retire rich Image source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Buying UK shares after the recent stock market crash may not seem to be an attractive proposition for someone who is seeking to start investing for retirement at age 50.However, while there could be further uncertainty ahead for indexes such as the FTSE 100 and FTSE 250, over the long run their track records suggest that they are likely to recover.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…As such, now could be the right time for long-term investors of any age to buy a diverse range of shares. Stocks such as the two companies below could deliver improving returns that help to improve your financial prospects in retirement.A diversified mining stockWhile many UK shares have declined heavily in 2020, diversified mining business BHP (LSE: BHP) is not among them. Its share price is down by around 2% since the start of the year. This is a significantly better performance than the FTSE 100’s 18% drop.The company recently reported that a large proportion of its operations have so far been unaffected by recent events. It has maintained its low costs relative to other mining companies. This could provide it with a competitive advantage should demand for a wide range of commodities come under pressure.Furthermore, BHP has a solid balance sheet compared to many of its peers. This may allow it to not only overcome short-term risks caused by a global economic slowdown, but to capitalise on them through potential acquisitions.Although the stock faces an uncertain future, like many UK shares, it appears to have a sound business model through which to deliver improving capital returns in the long run. As such, buying a slice of it today while it offers a forward dividend yield of 4.7% could prove to be a sound move.Strong recovery potential among UK shares?Banking stocks such as Lloyds (LSE: LLOY) have been some of the major fallers in 2020 among UK shares. Its stock price is down by over 50% year-to-date, with an uncertain economic outlook weighing on investor sentiment. This trend could continue in the short run as lower demand for new loans in a weak period of economic growth may weigh on its financial prospects.Despite this, the strategy being employed by the bank could lead to improving financial performance over the long run. For example, it has launched a new financial planning service, and is seeking to cross-sell its retirement products to existing banking customers. Furthermore, the business is investing in its multichannel strategy, which could differentiate it from sector peers in what is a very competitive marketplace.Of course, a new CEO at Lloyds in 2021 could cause investor sentiment towards the business to come under pressure. However, with it having a low valuation relative to its historic levels, the bank could outperform many UK shares to deliver impressive total returns in the coming years. Peter Stephens owns shares of Lloyds Banking Group. The Motley Fool UK has recommended Lloyds Banking Group. 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. 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. 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. Peter Stephens | Friday, 17th July, 2020 | More on: BHP LLOY center_img Enter Your Email Address Simply click below to discover how you can take advantage of this. 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 See all posts by Peter Stephens “This Stock Could Be Like Buying Amazon in 1997”last_img

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Posted July 5, 2021 by admin in category "eaymjywy

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