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. Stock market recovery: I’d invest £500 a month in cheap shares to make a million “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Buying cheap shares ahead of a stock market recovery could be a sound means of making a million. A similar strategy has proved successful following previous bear markets. For example, investors who bought a diverse range of undervalued stocks in the aftermath of the global financial crisis are likely to have benefitted from its subsequent rebound.By investing regularly, it’s possible to benefit from any further short-term declines caused by risks such as a weak economic outlook. Doing so could produce a portfolio valued at over a million within an investor’s lifetime.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…Cheap shares could deliver high returns in a stock market recoveryNot all cheap shares are likely to deliver successful turnarounds in the coming years. They may, for example, suffer from outdated business models in an increasingly fast-paced economy. Or, they could have weak financial positions that don’t provide them with the investment required to adapt to changing consumer tastes.However, the prospects for a large number of today’s undervalued shares could be relatively positive. The stock market has a long track record of delivering recoveries after even its very worst declines. For example, in the past 20 years, indexes such as the S&P 500 and FTSE 100 have come back from the dot com bubble and the aforementioned global financial crisis to post high single-digit annual total returns.As such, buying cheap shares and holding them for the long run could be a means of capitalising on market cyclicality. It may lead to higher returns than the market average over the coming years.Regularly investing in bargain stocksOf course, cheap shares could yet experience difficulties in the short run. There may even be a second stock market crash in the coming months. Risks such as political uncertainty in Europe and the ongoing coronavirus pandemic may mean investors adopt an increasingly cautious stance towards equity markets. This may result in lower valuations across many sectors.Therefore, investing regularly in a diverse range of shares could be a shrewd move. Regular investing allows us to potentially capitalise on falling share prices that may offer wide margins of safety. This may also help us to benefit from what could be a volatile period. And that may not be the case with a lump sum investment.Making a millionEven a relatively modest monthly investment in cheap shares could produce a surprisingly large portfolio in a stock market recovery. For example, assuming an 8% annual return that’s in line with the stock market’s past performance, a £500 monthly investment could lead to a portfolio valued in excess of a million within 35 years.As such, while stock prices are low in many cases, now could be an opportunity to start building a portfolio. Certainly as those share prices experience a likely period of growth after the stock market crash. 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. Enter Your Email Address See all posts by Peter Stephens Simply click below to discover how you can take advantage of this. 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. Peter Stephens | Wednesday, 30th December, 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!