No savings at 50? You still have time to get rich with UK shares!

first_img It’s never too late to start investing. It’s a mantra we will live and die by here at The Motley Fool. Even if you’re 50 years of age and starting off with zilch by way of savings and investments, there’s still time to build a handsome retirement nest egg with UK shares.I’m not going to say it’ll be easy to do for those closing in on retirement. A time frame of around a decade-and-a-half means that you need to be extremely disciplined in saving money each and every month. Mistakes have to be far and few between, too, meaning that the importance of devising and following a sound investment strategy from the get-go is critical. A global recession that threatens to damage corporate earnings over the next few years at least is another obstacle that stock investors need to hurdle.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…History shows us that none of these problems are insurmountable, though. In fact, believe there’s never been a better time to begin investing with UK shares given the wealth of information out there designed to put you on the right track.Play the stock market crashThe 2020 stock market crash is another reason why 50-year-olds can expect to get rich by retirement. Why? Well it allows investors with a sound investment strategy to build their stock portfolios at ultra-low cost. This means that they can maximise their returns when they come to eventually sell their UK shares (should they choose to do so). Over the long term the value of their shares is likely to have grown as the economic recovery has clicked through the gears.Studies show us that share investors who invest for 10 years or more tend to make returns of between 8% and 10% a year. And the market crash improves your chances of hitting those heady heights. Someone who manages to buy a few hundred pounds’ worth of UK shares each month can expect to make big profits in the fullness of time.Retire in comfort with UK sharesLet me show you how this works in real life. Let’s say you set aside £400 a month to invest in UK shares. By reinvesting the dividends you receive from your stocks you can expect to make, over a 15-year period, somewhere between £135,000 and £159,000 based on those proven rates of return.Unless you’re extremely, extremely lucky you won’t make that sort of return anywhere else. You certainly won’t by saving in a cash account. Let’s say that you park that £400 a month into an instant-access Cash ISA instead. Should current interest rates stay the same you’re likely to make a return of £77k over 15 years at best (the best-paying Cash ISA on the market only pays 0.9%).This is why I invest the bulk of my money in UK shares. Whether you’re 25 or 50 years of age you can still expect to get rich by buying high-quality shares. And there’s plenty of help out there to put you on the path to making big investment returns. Simply click below to discover how you can take advantage of this. Click here to claim your free copy of this special investing report now! Our 6 ‘Best Buys Now’ Shares No savings at 50? You still have time to get rich with UK shares! Royston Wild | Tuesday, 21st July, 2020 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. 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 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. 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. Enter Your Email Address 5 Stocks For Trying To Build Wealth After 50 See all posts by Royston Wildlast_img

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