Want to make a million? 2 of the best UK shares I’d buy after the 2020 stock market crash

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Fancy making a million from buying UK shares? It might not be as unlikely as you think. Sure, you’ve got to spend time formulating a sound investing strategy and identifying quality stocks. And you have to remain committed to investing decent amounts despite the uncertain economic outlook.

But past form shows that those prepared to carry on investing after stock market crashes can seriously boost their chances of making millions.

UK share prices rocketed in the decade following the 2008/2009 banking crisis. And this allowed the number of Britons who invested in products like Stocks and Shares ISAs to balloon. They bought top-class UK shares that had dived in value followed the banking meltdown. And they got seriously rich as stock markets recovered in the subsequent years and the value of their shares rocketed in value.

Image of person checking their shares portfolio on mobile phone and computer

2 UK shares I’m thinking of buying

I reckon UK share investors can repeat the trick following the 2020 stock market crash too. I’ve kept investing in my Stocks and Shares ISA despite the threat of a prolonged global downturn. And I’m thinking of adding the following UK shares to my portfolio as well:

  • Chemring Group trades on a rock-bottom forward price-to-earnings growth (PEG) ratio of 0.6 following the stock market crash. It’s a reading which, in my opinion, fails to reflect the rate at which defence spending continues to grow. And it also doesn’t factor in the immense popularity of its products with Western armed forces (it inked another major contract with the US Navy and Air Force just this week).
  • Stock Spirits Group is another UK share offering great value today. It changes hands on a modest price-to-earnings (P/E) ratio of 12 times and boasts a near-4% dividend yield as well. I’d buy the spirits producer for two main reasons. Firstly, it’s a great way to get exposure to emerging markets of Central and Eastern Europe. And its large stable of vodka and vodka-based liquors gives it terrific exposure to a fast-growing market (Statista reckons the vodka market will grow at an annualised rate of 8% through to 2023).

Helping you make mammoth returns

As I say, the outlook for the global economy is uncertain in the short-to-medium term. But, as someone who buys quality UK shares and holds them for the long run, this doesn’t concern me a great deal. Studies show that long-term investors tend to enjoy an average yearly return of 8-10%. Stock market volatility is no barrier to making a lot of money from buying UK shares, clearly.

So don’t stop buying stocks. Those who continue to invest in UK shares after stock market crashes get seriously rich too, like those ISA millionaires. And experts at The Motley Fool (and their special reports) can significantly boost your chances of making a million from investing.

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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.

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