Buying cheap UK shares after the stock market crash may not seem to be a sound means of planning for retirement. After all, many FTSE 100 and FTSE 250 companies have declined heavily in value since the start of the year.
However, their low prices could present buying opportunities. Their recovery potential could mean they provide a sound means of building a retirement nest egg for an investor aged 50, or for those who have a long time horizon.
Recovering after a stock market crash
The stock market crash has left many UK shares trading at low prices levels. They may persist in the short run, due to ongoing risks such as Brexit and the coronavirus pandemic. But the long-term prospects for indexes such as the FTSE 100 and FTSE 250 could