Here's how to invest $100,000 right now, according to billionaire Mike Novogratz
."I'd be buying silver, gold, bitcoin, and ethereum. That'd be my portfolio."
For the risk-averse, Novogratz suggested using this strategy for about 30% of their investments, with the rest going into bonds and perhaps an index fund. His preferred assets have made gains year to date, with Alibaba up 12%, gold 7.7%, silver 3.5%, ether 52.5%, and bitcoin 74.4%. Despite disappointing trends in China's economy recently, Chinese stocks have rallied as investors anticipate more stimulus measures from Beijing.
Meanwhile, bitcoin has surged lately, helped by BlackRock's push to create a spot bitcoin exchange-traded fund.
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