RATE Group | Forget the Lottery and Bitcoin. Aim for a million like this
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Forget the Lottery and Bitcoin. Aim for a million like this

Forget the Lottery and Bitcoin. Aim for a million like this

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Making a million overnight is a highly appealing idea to most people. However, the chances of achieving that goal, and the risks involved in pursuing it, are likely to be highly unfavourable.

For example, the chances of winning the lottery are exceptionally low, while Bitcoin’s performance over the last few years shows that it is highly volatile and difficult to predict due to its lack of fundamentals.

As such, investing in the stock market could be a better means of making a million. Its track record shows that it has consistently outperformed other mainstream assets, with a value investing strategy having been highly successful for investors such as Warren Buffett.

Since stock prices have experienced a period of uncertainty in recent months, now could be the right time to buy a range of companies with the aim of making a million over the long run.

Gambling vs investing

Buying stocks may seem to be similar to gambling in some people’s eyes. After all, the future is a known unknown,…

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