Several cheap FTSE 100 shares I’d buy right now

first_img 5 Stocks For Trying To Build Wealth After 50 Several cheap FTSE 100 shares I’d buy right now 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. 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. The stock market crash was indiscriminate and knocked down the share prices of almost everything. Some stocks have put in a remarkable recovery already. However, there are still several cheap FTSE 100 shares to choose between.Compounding gains from FTSE 100 sharesMeanwhile, one well-trodden path to getting rich and retiring early is to compound your gains from FTSE 100 shares. In other words, plough your dividend income back into shares. And if you sell a share to realise a profit, invest that money back into shares as well.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 idea, of course, is the money you regularly put back in will earn dividends as well. And if share prices rise, they will inflate your original invested money and the gains you’ve added along the way.And if you keep ploughing your gains back in over many years, and keep compounding, you could be amazed by the eventual outcome. For example, we’ve become used to hearing that the spread of coronavirus can be exponential. But compounding works exponentially as well.And the exponential growth curve accelerates upwards the longer the growth carries on. In other words, after a while, growth takes off like a rocket. Clearly, that’s a wonderful thing if it applies to the value of your share account. But it’s not so great if it applies to the spread of a virus.The principle of compounding is the key to getting rich and retiring early by investing in shares. But I reckon it’s also important to shelter your holdings in a tax-efficient wrapper. I’d choose either Self-Invested Person Pension (SIPP) or a Stocks and Shares ISA. Or you could invest within both types to achieve diversification between accounts for the best of both worlds.Well-established and liquidBut what should you invest in? I can understand the attraction of going for shares in the FTSE 100. The index features the largest companies listed on the London stock exchange when measured by their market capitalisations. As such, stable, well-established underlying businesses tend to back them.And one of the great features that comes with size is you can get into and out of the shares easily. Indeed, because so many shares are usually traded every day, liquidity is good. You can buy and sell in the size you need with relatively tight spreads, which helps to keep your trading costs down.However, it pays to know the type of beast you’re dealing with. Some shares have defensive underlying businesses that can be resilient to the ups and downs of the wider economy such as Diageo, GlaxoSmithKline and National Grid. Others are cyclical, such as Next, Persimmon and Aviva. But right now, following the stock market crash, I’d invest In all the names I’ve mentioned. Kevin Godbold | Saturday, 6th June, 2020 Our 6 ‘Best Buys Now’ Shares Image source: Getty Images center_img 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. Enter Your Email Address Click here to claim your free copy of this special investing report now! Kevin Godbold has no position in any share mentioned. The Motley Fool UK owns shares of and has recommended GlaxoSmithKline. The Motley Fool UK owns shares of Next. The Motley Fool UK has recommended Diageo. 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. Simply click below to discover how you can take advantage of this. See all posts by Kevin Godboldlast_img read more

Read more