first_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. If a second stock market crash arrives in 2020, don’t waste it! Image source: Getty Images. Kevin Godbold | Sunday, 21st June, 2020 Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares 5 Stocks For Trying To Build Wealth After 50 Kevin Godbold has no position in any share mentioned. The Motley Fool UK has recommended XP Power. 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.center_img Enter Your Email Address Click here to claim your free copy of this special investing report now! The elation in the stock market of a couple of weeks ago has faded. There’s a nervousness in the air now and increased volatility. Investors are watching the coronavirus figures, and fearing a second wave of the pandemic with more lockdowns and a second stock market crash in 2020.On top of that, miserable trading figures have been coming through from companies. And the extent of the depth of the recession we face is hitting home.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…Preparing for the possibility of a second stock market crashAt least, that’s my read of the situation in the markets right now. And it seems that the stock market indices — led by those in the US – are jumping on every piece of economic news. The market is looking for direction. Last week the S&P 500 and other indices soared because of the story behind headlines like this: “Fed pledges to buy more corporate bonds.”Indeed, more stimulus from governments is being hailed as a good thing by the market. The other side of the equation is that markets may need more stimulus because the outlook for economies is poor. And I reckon the volatility we are seeing now could be because investor sentiment is bouncing between the two perspectives.One thing seems clear, the recovery trade has run out of steam. Now the stock market seems to be playing a game of ‘wait and see’. So, what should we do while we are waiting? My suggestion is that we could work hard on our watch lists of great shares that we’d one day like to own.A second stock market crash in 2020 could be a good opportunity. It would give us a second bite of the cherry but with the added advantage of already knowing what some of the cherries we might pick taste like. Indeed, we’ve seen which shares have delivered the strongest bounce-back recoveries following the crash of the spring.Finding great underlying businessesBehind strong stocks, we could find strong businesses. Of course, that’s not always true, and that’s why it’s so important for us to do our own thorough analysis and research before buying any shares. But I reckon it’s a good idea to do that research now and to add to a watch list the stocks backed by the best businesses.If a second crash arrives, it could pull back down some of those great shares you’ve found. And because you’ve worked hard preparing, you’ll be in a good position to pounce on your favourites. In the process, you could end up buying shares in great businesses at fair valuations – the kind of approach to investing that would make Warren Buffett proud!We’ve seen strong moves back up from many well-known names following the spring crash. For example, consumer goods company Reckitt Benckiser and pharmaceutical giant AstraZeneca have both come roaring back. So has distribution and services provider Bunzl. All three are backed by decent, cash-generating and defensive businesses.Meanwhile, in the smaller-cap space, we’ve seen strong moves back up from toilet roll maker Accrol, retailer Dunelm, education products provider RM, power components maker XP Power and data and analytics firm YouGov, to name but a few.Don’t waste a second stock market crash if it comes. Instead, why not prepare now by building your watch list? Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. 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 Kevin Godboldlast_img read more