Forget Premium Bonds, the Lottery and Bitcoin! Here’s my plan for £1m with shares

Putting money into the National Lottery gives you a vanishingly small chance of winning a lot of money and a big chance of losing all the money you put in.

NS&I Premium Bonds will give you a very small chance of winning a lot of money but with the advantage that you won’t lose the money you put in. That strikes me a slightly better deal than the Lottery, but the chances of winning are still small and, over time, your ‘investment’ will lose its value because of inflation – Premium Bonds pay no interest.

Bunging money into Bitcoin and other cryptocurrencies is just a gamble, too, in my view. It could go up, it could go down, you may win a little or a lot – you may lose a little or a lot.

Instead of Premium Bonds, the National Lottery and Bitcoin, I’d rather aim to build a fortune steadily by investing in shares and share-backed vehicles on the stock market. Shares are generally supported by underlying businesses that can work hard at building value while you hold them, which can lead to steady dividend income and capital appreciation from rising share prices.

Here’s my plan for building a £1m portfolio with shares, which could be used to fund your retirement or for other purposes.

Regular investment

The key to getting rich with shares is to invest regularly. Over a working lifetime, regular monthly investments can add up to a lot. It almost goes without saying that we should invest as much money as we can each month and target investments with the highest rate of return that we can, whether that return is from dividend income, capital appreciation from rising share prices, or both.

Also, it pays to choose a tax-efficient investment wrapper such as workplace pension schemes, Self-Invested Personal Pensions and Stocks & Shares ISAs.


The principle of compounding drives wealth-creation. Ploughing dividends and capital gains (when you sell an investment) back into your stock holdings will really boost your investment pot.

The exciting thing about…

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