As such, now could be the right time to build a diverse Stocks and Shares ISA made up of high-quality businesses.
Despite the recent stock market rebound, a wide range of UK shares appear to be trading on low valuations.
Investors who can look beyond short-term risks and buy attractive UK shares when they are undervalued could benefit from a likely recovery as investor sentiment and the economy’s prospects improve.
Although purchasing a wide range of UK shares today may not feel like the right move to many investors, history suggests that buying undervalued stocks can ultimately be a profitable move.
Therefore, now could be the right time to build a Stocks and Shares ISA of undervalued FTSE 100 and FTSE 250 shares while they are still trading at appealing price levels.