Forget gold and Bitcoin! Here’s how I’d invest £500 right now

While gold and Bitcoin may be viewed as attractive investments by some investors, there could be better opportunities available elsewhere for someone with £500 of spare capital.

Certainly, both assets have enjoyed strong performances in recent months. Gold gained over 15% in 2019, while the Bitcoin price surged over 90% higher in the same time period.

Both assets, however, could have relatively unfavourable risk/reward opportunities, which means that there may be a better investment strategy available to long-term investors.

Risk/reward

Bitcoin and gold both have risks attached to investing in them. In Bitcoin’s case, its lack of fundamentals mean that it is impossible to accurately value the virtual currency. As such, you may end up buying £500 of the cryptocurrency at a price which proves to be highly unfavourable and leads to significant losses.

In addition, Bitcoin faces a variety of threats. They include regulatory change and competition from other virtual currencies that may…