Forget Bitcoin and gold! I’d invest £20k in a Stocks and Shares ISA to make a million

first_img Our 6 ‘Best Buys Now’ Shares 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” 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. Forget Bitcoin and gold! I’d invest £20k in a Stocks and Shares ISA to make a million Enter Your Email Address Harvey Jones | Sunday, 26th January, 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Image source: Getty Images. Bitcoin and gold have enjoyed a positive 12 months. The crypto-currency is up a whopping 135%, while the precious metal has climbed 22%, and many investors will be considering adding them to their portfolios. But I would urge caution. Both could fall as rapidly as they rose, and stay low for the long term.Global stock markets also did well, rising 25% over the year, according to MSCI, and I believe they offer a far better risk-to-reward opportunity in the longer run. Especially with many FTSE 100 and FTSE 250 shares trading at low valuations and offering generous yields. This is where I would start my quest for a £1m portfolio.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…BitcoinI hold one whole Bitcoin myself, which I bought for around $500. I’m not buying any more at today’s price of $8,385, though. The crypto is just too volatile, as are others such as Ethereum, Litecoin and Ripple. Their underlying value is impossible to gauge, and their practical uses difficult to spot. That makes Bitcoin pure speculation.Plus there is always the danger you could lose your virtual asset in a moment. An estimated four million Bitcoins worth more than $33bn have been lost. This is no foundation for a £1m retirement portfolio.GoldGold has superior credentials, having been a store of value for thousands of years, but it is wrong to call it a safe haven. The price can be volatile, and while gold surges when investors are nervous and wary of stock markets, it can fall sharply when sentiment improves.Like Bitcoin, gold does not pay interest or dividends. So you are wholly dependent on price movements to make money, and these can be erratic. Buying after the recent surge is risky. Investing for retirement is a long-term game, and over lengthy periods, I believe the stock market is likely to come out on top.Stocks and sharesEquities can be risky too, of course. The FTSE 100 and FTSE 250 could be in for a volatile year amid uncertainty over Brexit trade talks and other issues that could affect the global economy. However, stock markets always have their ups and downs and using dips to pick up high-quality businesses at bargain prices could help you build a balanced portfolio of diverse companies with healthy balance sheets, steady earnings and ample cash flows. And if you do so through your Stocks and Shares ISA allowance, you can take your returns free of tax.You should reinvest all your dividend income back into your portfolio to buy more stock. Remember, neither Bitcoin nor gold generate income in this way.The FTSE 100 currently yields 4.34% a year, which means you can build your wealth even if share prices stay flat. The index peaked at 6,930 on 31 December 1999, and didn’t recapture that high until February 2015, some 15 years later. Despite that, it returned 66% over the period, from reinvested dividends alone.By using your £20k ISA allowance every year, you have a far better chance of making a tax-free million than gambling on Bitcoin and gold. Simply click below to discover how you can take advantage of this. 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. Harvey Jones has no position in any of the shares 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. See all posts by Harvey Joneslast_img read more