What is the best way to invest 980k.I'm 36 yo n want to be a millionaire before i reach 40?

check your amount what you wrote ... i dont think you understand million..

To go from 980k to 1000k is easy. For that I would take some extremely safe investment like a treasury bill. But if you want to be a little bit less conservative without going overboard, buy a variety of stocks and sell 1 month out of the money call options on them. Most expire worthless and you'll keep the cash. Even if they don't expire worthless, you don't lose money -- you just lose any profits you would have had above the strike price of the options you sold. The only way you lose money here is if the underlying stock loses value, so buy a good variety of stable blue chip type stocks (diversified over multiple sectors) and retire now.

I agree with above, but there are more ways how to rise from what you have.

Some ways are simple, some conservative and some funny.

For example you could easy become a millionaire in Zimbabwe, Africa with the local illegal currency exchangers. They have different rates as local banks, because of the currency blockade. It means e.g. from 1 thousand to 80-120 during two week stay. But when you look around yourself, you have no choice, but spend them all there to help them somehow.

Anyway, I am looking for 13,000 USD investor.

My e-mail is: rick172@atlas.sk when interested.

Cheers.

Your top priority should be to keep the 980K safe! In my opinion, you should invest a total of 980K in various products that will keep your money safe and pay you a monthly income. In the UK, the government issue National Savings Income Bonds. They're 100% guaranteed by the government, and pay monthly at a rate of about 5% gross. I expect there's something similar in the US. You'll have to find out. Otherwise, spread the risk as I suggested by keeping your money in more than one place.

So, you're capital's safe, and you're getting an income. Say 3% after tax, for argument's sake! That'll give you an annual income of 29,400.

That's a pretty healthy sum! Even if it were 1% after tax, it would still not be a bad amount of money.

You can then use the interest to invest in other, higher paying financial products. I'm based in the UK so I don't know what rates you get on savings accounts in the US.

However, I'm sure the best and safest interest rates can be found at Zopa, which has recently launched in the US. (I'll discuss this shortly.)

Put the interest from the income bonds into Zopa, and lend it out at a higher rate. Opt not to relend the interest, but spend the interest received from Zopa on more income bonds, and then reinvest the capital repayments from Zopa back into Zopa, plus all further interest from the income bonds.

That way you increase your holding of safe products, and continue to get an increasing steady income, whilst at the same time increasing your investment in Zopa, and benefitting from the fantastic interest rates available. Then if anything goes wrong with Zopa (not that it has for me so far, and Zopa manage risk very effectively, as you'll see from their website) you've still got your original capital all nice and safe.

Zopa is a lending and borrowing exchange. It has recently launched in the US after having had success in the UK. It allows you to lend money to individuals with good credit ratings (so no sub-prime exposure.) It cuts out the banks, with their love of taking fees, so you get to keep all the interest. This is how it pays so much better than a savings account. You choose your interest rates and who you lend to according to credit rating, and how much you lend to each individual (a borrower will generally borrow small amounts from lots of investors, so if they default on the loan, the risk is spread over lots of investors, so no one investor wipes out completely!) I think it's a brilliant idea, and pays great rates of return.

If you apply via this link:

http://www.zopa.com/member/The%20Hulk

it should automatically redirect you to the US or UK site, depending on where you're based, and you'll hopefully find an attractive introductory offer. In the UK I'm getting 7%-11% from Zopa, compared to a savings account that would pay about 5%-6.5%. It's well worth a look. And the introductory offer is great, too!

Buy a CD. With only a 3% return you will be a millionaire in one year.

During that year start looking for a reliable financial planner.

Let a professional financial adviser invest it for you. You can afford top brokers and you'll come out much better than trying to invest it yourself.

with that much money to invest, you could be a MULTImillionaire by 39. get a financial advisor.

hey, you can just put it in your bank, or you can search online on 88db to look for financial investment, so you can make more money

i think you only need 20k to be a millionaire