No savings? No problem! I would buy these UK stocks to start investing today

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In my opinion, there will never be a better time to start investing than now. And if I started an investment portfolio today, I would buy some UK stocks.

Invest

For me, investing is giving myself the opportunity to earn money that I don’t have to work for. I can’t work all the time (and I don’t want to).

Businesses, however, can do this. So, by buying shares in a company, I can own something that will earn me money even when I’m not working.

According to its website, Coca Cola sells more than 1.9 billion servings of its drinks every day. That’s just under 22,000 every second of the day.

If I owned Coca Cola stock, like Warren Buffett does, I would have an asset that could make me money 24/7/365.

This is what investing means to me. It’s about owning assets that continually generate cash without me having to work for it.

Constant remuneration

The two stocks on my list are Greggs (LSE:GRG) and first foods (LSE: PFD). I think these two companies can consistently make money for me.

Greggs is listed on the FTSE100 and has fallen more than 44% since early January.

The company manufactures and sells over two million sausage rolls every week. That’s more than three per second.

I think that qualifies it as a business that can make me money even when I’m too tired to work. So I would buy the stock today if I was looking to start building an asset base.

Premier Foods is listed on the FTSE250. Since the beginning of the year, the title is down 15%.

A few years ago I wouldn’t have gone anywhere near this stock. Its debt was too high and the company was not in a good financial situation.

Today, however, things look quite different. Total debt has fallen from £498m in 2019 to £339 today.

Therefore, I would buy shares of Premier Foods if I started investing today. The company produces packaged foods that have recently been popular with customers.

Economic conditions

In my opinion, both Greggs and Premier Foods can do well in a recession. Their products are cheap and I think that means demand will remain stable even if household budgets are under pressure.

The risk with these companies comes from inflation. Having a low price to customers means that neither Greggs nor Premier Foods have much leeway to pass on higher input costs.

But I think both companies are showing some resilience. Both maintain operating margins above 10%, which I think is good for these types of businesses.

The macroeconomic situation in the UK will influence the performance of these companies. But if I started investing in companies that can consistently generate money for me, I would buy those UK stocks.

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