You can make a million by investing in UK shares. Here’s how I’d do it

first_img 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. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” If you’re planning to invest in UK shares, you might as well think big. You’re going to need a big pot of money to fund your retirement. If you could build a million pound portfolio, your financial worries would be over.I would start by investing in UK shares, such as top blue-chip stocks listed on the FTSE 100. Don’t get carried away though, you won’t get rich overnight. In investing, patience is the ultimate virtue.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…Many newbie investors get carried away by the prospect of making quick money. Their heads are filled with stories of investors who made fortunes by investing in global titans such as Apple and Amazon at launch. Or took an early stake in nippy UK growth shares such as Just Eat or Fevertree Drinks, and saw their money grow five or tenfold.I’d buy UK shares to get rich and retire earlyIf you load up your portfolio with high-risk start-ups, you’re likely to pick as many losers as winners. You cannot expect to make a million on the stock market in five or 10 years. Instead, you should be looking to build your wealth over your entire working lifetime. Say, 30 or 40 years.If you take the long-term view, and stick at it, you really could make a million. Remember to invest inside your Stocks and Shares ISA, that way your money will be free of tax for life.I would start by building a balanced portfolio of UK shares, starting with some FTSE 100 names that offer a combination of capital growth and dividend income. Too many investors underestimate the importance of dividends. They will keep your portfolio ticking over, even at times like these, when share prices are highly volatile.You need to reinvest all your dividends for growth at this point. You can draw them as income later, after you’ve retired.Make a million, the slow wayGenerating income from UK shares has got harder lately, as many top companies cut their dividends during the Covid-19 pandemic. However, you can still get dividends of 6% or 7% from the FTSE 100, with a bit of rooting around. A 7% yield would double your money in just over seven years, even if the share price didn’t grow at all.Many will be nervous about investing in UK shares in the middle of the pandemic. The recovery looks set to be slow and bumpy, until we find a vaccine.However, history shows that a crash is the ideal time to buy shares, as you can pick up top companies at reduced prices. Look for businesses with loyal customers and a deep ‘moat’ against competitors, as well as minimal debt and sustainable dividends.Aim to hold these UK shares for the long run, to let the income and growth roll up. You can make a million, but it’ll take time and effort. Image source: Getty Images. 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. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img See all posts by Harvey Jones Our 6 ‘Best Buys Now’ Shares 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. You can make a million by investing in UK shares. Here’s how I’d do it Harvey Jones | Friday, 21st August, 2020 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Amazon and Apple. The Motley Fool UK has recommended Just Eat N.V and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. 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.last_img

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