Forget buy-to-let, Bitcoin and gold! Here’s how I’m planning to make a million

Some investments have an almost irrational hold on people. Especially those that promise to deliver great riches.

Dreams of avarice

Bitcoin is definitely one of them. Its crazy price growth has sucked in the get-rich-quick crowd, but at today’s price of nearly $12,000 you are taking an unwarranted risk buying it. Royston Wild would buy this stock instead.

Buy-to-let was another crowdpleaser, delivering 20 years of capital growth and income until it succumbed to the Treasury’s tax attack. Rupert Hargreaves reckons the FTSE 250 should easily beat it now.

Others swear by gold, which has a 4,000-year history as a store of value. But since it doesn’t pay income, you are reliant on price growth to make money, and that can be highly volatile.

All three may have a place in a diversified investment portfolio, but the bulk of your money should still go into stocks and shares.

Crazy days

There have been times when investors have lost their heads over stock markets as well. I remember the bull…