Forget a Cash ISA, Bitcoin and gold! I’d aim to make £1m with this simple strategy

While all asset classes have their pros and cons, some may be more appealing than others when it comes to building a £1m portfolio over the long run.

Although a Cash ISA, Bitcoin and investing in gold may seem to be appealing at the present time, the reality is that a buy-and-hold strategy that focuses on the FTSE 350 could be a more efficient means for investors to generate high returns in the long run.

Not only could the FTSE 350 provide a more attractive risk/reward ratio than other assets, it may offer a more appealing experience on the part of the investor.

Pros and cons

While a Cash ISA may provide less risk than many other asset classes, its returns are exceptionally low. At the present time, obtaining a 1.5% interest rate is likely to be the best that savers can hope for through a Cash ISA. As such, the prospect of making a million from one seems somewhat challenging.

Although Bitcoin has enjoyed a surge in 2019, with it currently trading at over $11,000, it continues to have a…