Stock market crash part 2 may be ahead. Here are 3 steps to boost your chances of making £1m

first_img 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. Image source: Getty Images. Stock market crash part 2 may be ahead. Here are 3 steps to boost your chances of making £1m 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” See all posts by Peter Stephens The FTSE 100 stock market crash of 2020 may not yet be over. Risks such as a second wave of coronavirus and increased tensions between the US and China could weigh on company profits and investor sentiment over the coming months.Despite this, now could be the right time to start buying a diverse range of high-quality businesses. By taking a long-term view of your investments and ignoring market ‘noise’ you could generate high returns that increase your chances of making a million.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…High-quality businessesWith unemployment on the rise and GDP forecasts downgraded, the economic outlook has deteriorated as the same time as the market crash. Therefore, owning shares that have solid balance sheets, wide economic moats and sound strategies could be highly advantageous.They may stand a better chance of surviving what could be a major recession. They could even go on to produce higher profitability in the long run by taking market share from their weaker peers.Identifying high-quality businesses can be undertaken by any investor. Look at a company’s annual report and assess factors such as its debt levels, customer loyalty and track record of financial stability. Doing so  could help you focus your capital on those businesses that have the most attractive risk/reward opportunities at the present time.Diversification in a market crashDiversification is often viewed as a means of reducing losses in a market crash, rather than improving your gains. However, the two go hand-in-hand. Less reliance on a smaller number of companies could improve your returns should they experience financial difficulties.Diversifying across numerous sectors also enables you to benefit from high returns in a variety of industries you may not necessarily have otherwise invested in. This could be especially advantageous in a period where it’s difficult to know which industries will recover quickly. And also which sectors will struggle to return to their pre-coronavirus levels of growth.Since the cost of sharedealing has fallen significantly over recent years, diversification is available to almost all investors. It could be a simple but effective means of improving your chances of making a million.Ignoring other investorsInvestor sentiment has changed since the FTSE 100’s market crash in March. Now, many investors are bullish about the stock market’s prospects. However, that can quickly change if share prices experience a sudden downturn.Therefore, it could be a good idea to ignore the views of other investors over the coming months. Due to the unprecedented situation involving coronavirus, it’s exceptionally difficult to predict the short-term movements of the stock market.However, the FTSE 100’s track record shows that a recovery in the coming years is highly likely. This could mean buying stocks during a market crash is a sound means of boosting your chances of generating a seven-figure portfolio. Simply click below to discover how you can take advantage of this. Peter Stephens | Sunday, 14th June, 2020 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. 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