I don’t care if stock markets crash. I’m buying cheap UK shares today

first_img Image source: Getty Images 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. I’d make a start with top stocks like these. Click here to claim your free copy of this special investing report now! Enter Your Email Address 5 Stocks For Trying To Build Wealth After 50 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. I think today is a great time to buy cheap UK shares, but then I would say that. I think it’s nearly always a good time to buy shares.I’m not scared that stock markets could crash if this year’s post-pandemic recovery disappoints or inflation makes a shock comeback. The ISA season is in full swing, and I’d rather buy cheap UK shares today than wait to see what happens tomorrow.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…The first reason is that a stock market crash is impossible to predict. At any point of the investment cycle, we will find somebody saying the sky is about to fall in. They may be right one time in 10, and will boast about that for the rest of their lives.The rest of the time they will be wrong. Don’t try to time the marketIf I listen to the doomsayers I will never buy UK shares when they are cheap, and end up kicking myself as a result. History shows that over the longer run, shares go up more than they go down. It therefore pays to put my money in the market whenever I have some to spare, and leave it there. Timing my entry is hopeless. I will get it wrong more than I get it right. While I wait, my money will be earning next to nothing in cash.It is important to remember that shares pay dividends, as well as rising in value. The FTSE 100 is set to yield around 3.5% this year. Some top UK shares pay dividend income worth more than 6% or 7%, and many are cheap. I will not benefit if I am sitting on the sidelines, fretting over the next crash. Yes, shares do come with risk. But I will only earn that income if I buy them. And by diversifying, I reduce my single-stock risk.I think there are plenty of dirt-cheap opportunities out there right now. Naturally, if stock markets do crash, they would get cheaper still. On the other hand, if markets rose, they would get more expensive. Since I don’t know which is going to happen, the best thing I can do is take my chances and snap up cheap UK shares when I see them.I’d buy cheap UK shares nowIf markets do crash later, I won’t kick myself. I’m not to blame. Instead, I will take the opportunity to buy more UK shares, at the cheaper price. And I will leave the rest of my money invested for the recovery.It will come.I understand why some investors run scared of a possible stock market crash. Nobody wants to invest only to see shares crash next day. The best way round this is to drip feed money in, to smooth over the ups and downs.I invest every month. Sometimes I pick up UK shares when they are cheap. At other times, when they are expensive. Either way, it doesn’t bother me because in the longer run, buying and holding shares is the best way I know to build the money I need for my retirement. Our 6 ‘Best Buys Now’ Shares I don’t care if stock markets crash. I’m buying cheap UK shares today See all posts by Harvey Jones 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. Harvey Jones | Saturday, 13th March, 2021 Simply click below to discover how you can take advantage of this.last_img read more