It’s easy for us all, as investors, to be downbeat right now. The Covid-19 infection rate continues to rise and lockdown barriers are being put back up across the world. So earlier hopes of a sharp economic recovery are coming under scrutiny. But that’s no reason for investors to stop buying UK shares. Remember that fortunes tend to be made from stock investing over the long run. There remains a world of opportunity to buy stocks that could help you get rich and possibly even make a million.
Great ways to make a million
Keywords Studios is one exciting UK share with what I see as millionaire-maker potential that I’d buy today.
This company provides many services to video game and other software manufacturers at all stages of the life-cycle. From selling audio and art services, to assisting with localisation and providing player support, it has its finger on the pulse of what developers need. Gaming is the fastest-growing entertainment sector right now and Keywords Studios can expect profits to boom as demand for its services heats up.
Iomart Group is another terrific tech stock that I think could help you make a million. The growth of flexible working has seen demand for cloud computing services take off in recent years. And this particular business offers everything that a company will need to transition from traditional IT models, like building critical infrastructure, providing security and helping with data protection.
The cloud services market was tipped to continue exploding even before the coronavirus crisis shocked the world. And the pandemic will likely turbocharge adoption of Iomart and its peers’ services as homeworking becomes more and more relevant across the world.
More UK shares to get rich with
Investing your cash in the e-commerce phenomenon is another great tactic to try and make a million. One of the best ways to do this, in my opinion, is through buying owners and operators of big box logistics and warehousing facilities like Clipper Logistics.
Construction of these gigantic buildings cannot keep up with demand. Retailers and fast-moving consumer goods (FMCG) companies alike are in a fight to secure space to meet customer orders. Big box take up hit 22.4m sq ft in the first half, according to Savills’ latest Big Shed Briefing. This was the best first-half performance on record and up almost 20% from a year earlier.
The impact that Covid-19 has had in boosting online shopping volumes has boosted Clipper Logistics’ profits outlook still further. The same can be said for GB Group, which provides address location and verification software for retailers to successfully dispatch goods to their customers. DotDigital can also look forward to rocketing earnings growth in the years ahead. This is a firm that allows companies to provide personalised shopping experiences to their online customers.
Okay, the world might be heading for a global recession. But there are still plenty of top UK shares out there that could help you make a million. And the stock market crash allows you to pick up many of these at dirt-cheap prices too.
The post Make a million! 5 monster stocks in the making I’d buy today appeared first on The Motley Fool UK.
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Royston Wild has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Iomart Group. The Motley Fool UK has recommended Clipper Logistics, dotDigital Group, and Keywords Studios. 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.
Motley Fool UK 2020