£300 a month to spend on cheap UK shares? 3 top stocks I’d buy for my Stocks and Shares ISA

first_img It’s been proven down the years that you don’t have to spend a fortune in order to make a fortune with UK shares. The long-term investor makes an average annual return of somewhere between 8% and 10%. That means individuals who can invest a decent sum of money regularly can make delicious, life-changing returns.Even investing just £300 a month can set you up for a very handsome retirement. Someone who spends this on UK shares can, over the space of 30 years, realistically expect to have made up to £619,000 for their retirement pot. This is why I invest in my Stocks and Shares ISA at every opportunity.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…3 top stocks on my ISA watchlistNow let me talk you through several cheap UK shares I’m thinking of adding to my ISA today:Plenty of housebuilders are trading on cheap price-to-earnings (P/E) ratios right now as investors fear a prolonged economic downturn in the UK. And I think that Springfield Properties’ low reading of 8 times for 2020 more than bakes in the possibility of a big hit to the housing market. In reality though, I don’t think investors need be too concerned over a sudden worsening in trading conditions. Low interest rates and huge government support for buyers look set to prohibit any chances of a collapse in the medium term. Meanwhile, a shocking lack of new and existing properties entering the market will keep demand for Springfield’s newbuilds on an upward slant too.Gamesys Group also looks too cheap to miss right now. I don’t believe a forward P/E ratio of 10 times reflects the rate at which the online gambling sector is set to grow. According to Grand View Research, compound annual growth for this market will be at 11.5% through to 2027. And popular brands such as Jackpotjoy and Virgin Games will allow Gamesys to exploit this trend to the fullest.Premier Foods is another terrific buy for value investors today. This UK share trades on a P/E ratio just below the bargain-basement threshold of 10 times. It’s a reading that fails to factor in the food producer’s exceptional defensive qualities that make it a great buy for these economically-troubled times. This low rating also doesn’t take into account its packed stable of beloved products such as Mr Kipling cakes and Bisto gravy, brands that should drive profits long into the future.Discover more dirt-cheap UK shares with the FoolThese are just a few of the top-class UK shares that are changing hands too cheaply right now. The stock market crash of early 2020 leaves plenty of companies trading on attractive multiples today. But the likes of Premier Foods show that many UK shares that have actually risen in value still look too cheap to miss.So what are you waiting for? By doing a little research you can discover even more cut-price corkers to buy for your stocks portfolio. And The Motley Fool and its huge library of free and exclusive reports can help you find some of these winning UK shares too. Royston Wild | Friday, 16th October, 2020 Our 6 ‘Best Buys Now’ Shares Image source: Getty Images 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. See all posts by Royston Wild Simply click below to discover how you can take advantage of this. 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 “This Stock Could Be Like Buying Amazon in 1997” £300 a month to spend on cheap UK shares? 3 top stocks I’d buy for my Stocks and Shares ISA Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. 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. Enter Your Email Addresslast_img

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