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2 cheap UK shares I’d buy today to get rich and retire early

2 cheap UK shares I’d buy today to get rich and retire early



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The stock market crash has prompted some investors to avoid buying cheap UK shares. That’s understandable. They face challenging operating conditions at the present time in many cases. And that could lead to disappointing share price performances over the coming months.

However, long-term investors who can build a diverse portfolio of stocks could benefit from buying undervalued British shares after the recent market downturn. In time, they may produce sound recoveries that improve your financial prospects.

With that in mind, here are two FTSE 100 stocks that appear to be undervalued. They could be worth buying today, and may even boost your retirement prospects.

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A buying opportunity among cheap UK shares

Glencore (LSE: GLEN) could offer good value for money relative to other cheap UK shares. The FTSE 100 mining business has experienced a tough period due to coronavirus. But its assets have largely been able to remain operational throughout the year.

In fact, its marketing division produced a record half-yearly profit that strengthened the company’s overall performance. It could remain a key differentiator for Glencore versus sector peers, since it offers counter-cyclical earnings potential.

Looking ahead, the company is forecast to return to positive earnings growth next year after a challenging 2020. This should aid it in seeking to reduce debt to more manageable levels. Meanwhile, its forward price-to-earnings (P/E) ratio of 12.5 suggests that investors may have factored in further disruption for the wider sector.

Clearly, a weak economic outlook is likely to cause investor sentiment towards commodity businesses to remain subdued in the short run. However, Glencore’s share price could offer recovery potential over the long run as part of a diverse portfolio of cheap UK shares.

A long-term recovery opportunity

Whitbread (LSE: WTB) is another FTSE 100 stock

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3 signs you won’t be ready to retire in 30 years, according to a financial planner

3 signs you won’t be ready to retire in 30 years, according to a financial planner



Ruobing Su/Business Insider


© Ruobing Su/Business Insider
Ruobing Su/Business Insider



a man wearing a suit and tie smiling at the camera: Financial planner Jovan Johnson. Courtesy of Jovan Johnson


© Courtesy of Jovan Johnson
Financial planner Jovan Johnson. Courtesy of Jovan Johnson

  • Even if you have 30 or more years before retirement, it’s possible that there are already some signs you won’t be ready.
  • If you haven’t started using your employer’s 401(k), or are still making the same contribution you started making several years ago, you might need to make a change to get on track. 
  • Similarly, if you find that your retirement income will be significantly less than what you’re currently earning, it’s worth adjusting your savings strategy now to maintain your lifestyle in the future.
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While it can be tough to think 30 years into the future, it’s necessary for retirement planning. It takes years of saving, investing, and growth for retirement planning to work effectively and build a large enough savings to live well in retirement.

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There’s no set age to start thinking about retirement planning, but experts agree that the sooner you start, the better. Not only will your money grow more, but you’ll also have less stress later on.

For that reason, thinking 30 years into the future is essential. Financial planner Jovan Johnson of Piece of Wealth Planning says that there are a few signs you’ll want to watch out for on you savings journey — they might mean that you won’t have enough savings for a comfortable retirement. 

You haven’t started using your workplace’s 401(k), or haven’t updated it recently

If your employer offers a 401(k), it’s definitely something to take advantage of sooner rather than later. These retirement accounts allows contributions pre-tax, which lowers your total taxable income. These accounts can also sometimes come with a match, where an employer will essentially

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