Forget cash! I’m buying UK shares in an ISA to get rich and retire early

first_img Harvey Jones 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. 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. Image source: Getty Images Our 6 ‘Best Buys Now’ Shares See all posts by Harvey Jones “This Stock Could Be Like Buying Amazon in 1997” 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.center_img Simply click below to discover how you can take advantage of this. 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. Harvey Jones | Thursday, 5th November, 2020 2020 has been a tough year for UK shares, but cash is having a far worse time of it. While the stock market will recover at some point, interest rates look set to stay low for years, making it impossible to generate any kind of return on your savings.That’s why most of my long-term wealth is invested in UK shares, and will stay there. Unfortunately, millions of Britons are doing the exact opposite, and leaving their money in the bank getting a near-zero return. 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…We now have the biggest cash pile on record, with an incredible £1.5trn stashed away, according to research from Janus Henderson Investment Trusts.I believe that leaving too much money in cash can seriously damage your wealth over the longer run. UK shares have been volatile, but they remain one of the best ways of funding an early retirement, or any retirement at all. Cash won’t cut it over time.I’m into UK shares, not cashEverybody needs a stash of emergency cash. This should be enough to cover six months of earnings, in case of illness or redundancy. The pandemic has underlined the importance of having that safety net.However, you don’t want to leave more than that idling in the bank, where its value will fall in real terms, after inflation.Fear of a stock market crash puts a lot of people off investing in UK shares. It shouldn’t though. You don’t actually lose money in a crash, unless you panic and sell your investments at the bottom of the market.All you need to do is sit tight and wait for the recovery. Stock markets always bounce back, given time. You just have to be patient. Many experienced investors even look forward to a crash, because it gives them the opportunity to buy UK shares at reduced prices. There’s another benefit to falling share prices.If you reinvest your dividends for growth (as you should), they’ll pick up more stock at the lower price. Again, this should turbo-charge your retirement plans.It’s raining gold todayI think you have a good opportunity to buy UK shares right now. The FTSE 100 is trading around 25% lower than before the March crash. Everywhere you look, there are bargain UK shares.The world’s greatest investor, Warren Buffett, urged investors to take advantage of moments like these, saying: “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” I reckon right now’s a good time to reach for the bucket.Covid-19, US electoral uncertainty and Brexit have hammered stock markets and given investors a once-in-a-lifetime opportunity to buy UK shares at reduced prices.Personally I’d invest in a spread of top FTSE 100 companies, focusing on those with strong balance sheets, steady revenues, reliable dividends, and a strong defensive ‘moat’ against competitors.I’m relying on UK shares to help fund my attempts to get rich and retire early, while keeping only the bare minimum in cash. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Forget cash! I’m buying UK shares in an ISA to get rich and retire earlylast_img

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