If I had £1,000, what would be the best shares to buy now for my ISA?

first_img Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” If I had £1,000, what would be the best shares to buy now for my ISA? Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has recommended boohoo group and Carnival. 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. Jonathan Smith | Tuesday, 20th October, 2020 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.center_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. 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 Jonathan Smith If I had £1,000 to put to work, I’d have a multitude of options. One of them is to top up my ISA by investing in some of the best shares to buy right now. In theory, I’d be able to benefit from a rising share price, meaning a net profit when I come to sell the shares. Given that the ISA allows all of us to pay no capital gains tax on disposal, we’re able to enjoy the full benefit of the profit. Each of us has an ISA allowance of £20,000 per year, so chances are you still have some room left. I know I do. So what are some of the best shares to buy now in my opinion?Think (invest) smartSome of the biggest moving share prices from this year have been impacted by external factors. Such factors have the ability to really change a firm, for better or worse. For example, cruise operator Carnival Cruises has lost almost three-quarters of its value due to the share price fall this year. The pandemic has ground business to a halt. Although investors couldn’t have predicted the pandemic, they could have cut positions for a much smaller loss by thinking ahead in March.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…So for ideas on the best shares to buy now, what events are close by that could influence things? There’s plenty. Apart from the risk of another lockdown here in the UK, there are the US elections and a looming Brexit deadline. We also have the busy end-of-year Christmas trading period.Some of the best shares I’m looking atI recently wrote a piece on Boohoo Group, about how my call was correct on buying the stock earlier this year. Even though I’ve recently had to sell my shares to fund something else, I’m looking to buy back in as soon as I can. The business is doing well, shown by the recent half-year pre-tax profit coming in at £68.1m, up £22.9m from the same period last year. With the busy retail season approaching, I think online demand will remain strong, something which could quickly get priced in to the share price, despite its recent drops.On the risk of a stricter lockdown (either localised or national) over the winter, I think Ocado Group is another good share to buy now. The online supermarket benefitted from the extensive distribution network it has when the UK went into lockdown this spring. The share price has almost doubled this year, with some saying it’s looking overvalued. From my angle, the firm is still in the high growth stage, something that will only be accelerated from any further lockdown demand. This growth is shown by the 50% jump in third-quarter sales after starting to deliver Marks & Spencer food.Timing is importantTrying to time the market perfectly is impossible. But you and I can ensure we’re timed well enough to benefit from potential future events. So investing £1,000 in some of the best shares mentioned above would make sense before the relevant events happen, instead of potentially missing the boat.  Simply click below to discover how you can take advantage of this. Image source: Getty Images. last_img

Leave a Reply