Forget The National Lottery and Bitcoin! I’d invest using a time-tested way to get rich

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first_imgForget The National Lottery and Bitcoin! I’d invest using a time-tested way to get rich Simply click below to discover how you can take advantage of this. Image source: Getty Images. 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. “This Stock Could Be Like Buying Amazon in 1997” According to The National Lottery website, there’s a just over one in 45 million chance of getting six numbers correct and winning the Lotto jackpot. In other words, when I buy a ticket and choose my numbers, my chance of winning a life-changing sum of money is vanishingly small.Meanwhile, in February 2011, the price of one Bitcoin stood near 75p. Today, almost 10 years later, the price is just above £14,250. So, if I’d invested £1,000 in Bitcoin 10 years ago, the face value of my hoard would be an eye-popping £19m or so now. However, selling would probably be quite tricky and would attract transaction costs and taxes.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…How I’d invest to get richI didn’t put £1,000 into Bitcoin in 2011 because at the time it looked like a risky option to me. But what about investing now? To get a similar return from a £1,000 investment over the next 10 years, Bitcoin would have to rise to a price of around £270m per coin. And I think that looks unlikely.Although several people claim to be Bitcoin millionaires, I wouldn’t rely on Bitcoin to make me wealthy now. And I don’t fancy my chances of winning the National Lottery. Instead, I’m using a time-tested way to get rich by investing in shares and share-backed investments such as trackers and managed funds. And I only need to look at the 1,000 or so ISA millionaires in the UK to see what’s possible.I reckon investing within a tax-efficient wrapper such as a Stocks and Shares ISA is a good idea. Back in 2003, Lord John Lee emerged publicly as the UK’s first known ISA millionaire. By investing money into ISAs and the Personal Equity Plans that existed before ISAs, he contributed around £150,000 over the years. But now his investment pot is worth “several million”.Compounding steady gainsHe achieved those gains by researching and buying shares in generally smaller companies. Then he stuck with those holdings, allowing the underlying businesses to grow. And over the years he re-invested his returns to compound his gains. The process of compounding gains from long-term share investments drove his portfolio from a few thousand into millions. For most successful investors, I reckon compounding gains is the secret of their success.Indeed, Lord Lee didn’t have to gamble with impossible odds by betting on the Lottery. And he didn’t have to flirt with risky vehicles such as Bitcoin. Instead, he rolled up his sleeves, worked hard at his investment strategy and made a long series of incremental gains over a lengthy period of time.When I look at the record of any well-known successful investor, the story is often similar. I’m thinking of people such as Warren Buffett, Peter Lynch, Nick Train and many others. And that’s why I’m forgetting about The National Lottery and Bitcoin, and concentrating on executing my investments in shares. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Addresscenter_img Kevin Godbold | Monday, 14th December, 2020 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. 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. Our 6 ‘Best Buys Now’ Shares See all posts by Kevin Godbold Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more