With the FTSE 100 index sitting at around 6,000 points, you may be wondering why on earth now would be a good time to buy UK shares. After all, the index is in the same position it was in 2016, and has failed to bounce back as strongly as its US counterpart, the S&P 500.
On top of this, the UK economy is in tatters as a result of the impact of Covid-19, which is showing no sign of letting up in the near future.
What’s more, shares in many major UK companies look downright unappealing at present. I’m thinking of well-established businesses such as Rolls-Royce, Royal Dutch Shell, and HSBC, each of which have taken huge hits in the aftermath of the sell-off.
The appeal of UK shares
Despite all this, I’m confident that buying high-quality UK shares today is a wise move. Moreover, if you’re