How to Invest $1 Million (5 Safest Methods of 2023)

Investment is not something you can learn overnight. You have to put considerable time and effort into learning the nitty-gritty of the process and look at every investment option thoroughly until you figure out the most suitable mode. Well, that doesn’t necessarily demand you to be a financial expert, but it’s important to understand what makes sense for your money. 

Moreover, you should be prepared for the risk related to the investment decision and be able to manage those risks efficiently.

So, if you have a handsome amount saved and are finding the best place to invest your 1 million dollars, you may consider many options, including stock exchange and real estate, to invest your few million dollars with minimum risk.

This article lists the 5 safest methods for those wondering how to invest 1 million dollars for passive income.

Sounds familiar?

Let’s explore the best ways to invest 1 million dollars together.

1. The US Stock Market

The US stock Market is the finest place to invest your hard-earned money. According to recent statistics, the US stock market holds 45% of the total global stock market value. You can start with a small amount and grow it over time.

An investor may buy individual stocks or mutual funds or choose from exchange-traded funds (ETFs). Investing in individual stocks means buying shares of a company. The price per share can be determined by supply and demand for that company’s stock at any time. 

You can trade individual stocks on exchanges like New York Stock Exchange (NYSE) or Nasdaq. However, you will need to consider excellent brokers for trading, like Robinhood and TD AmeritradeBoth provide low-cost investing services for individuals and small businesses and are easy to use simultaneously. Conversely, you can also go for index investing.

Here are some considerations before investing in the US stock Market.

  • Identify the time horizon
  • Expected return in terms of interest or dividend and Capital gain or loss
  • Liquidity of investment
  • Check for the volatility of investment
  • Risk- analysis

2. Cryptocurrencies

Investing in cryptocurrencies is one of the smartest ways to invest money and earn profits from your savings. The value of cryptocurrencies like Bitcoin (closing price $69,044.77) has grown exponentially over the years and is now attracting more people as a way to invest their money.

However, a general question arises: why are Crypto assets on hype these days?

The reason is simple: Cryptocurrencies are easily traded and convertible into other currencies instantly.

So, if you are thinking about how should I invest 1 million dollars, you must give a short to bitcoin technology as the prices of Crypto assets are skyrocketing these days. You can invest in Crypto funds and cryptocurrency companies or simply buy bitcoin, Ethereum, and other digital currencies using Crypto exchanges like Bybit and Binance.

Bybit is the best Canadian exchange for traders, while Binance is an all-rounder globally, ensuring an easy interface, high security, and low fees. Both exchanges support a wide range of digital and fiat currencies.

3. Invest in Online Real Estate

Real estate investment seems a great way to diversify your portfolio if you’re looking for something stable with low volatility. In fact, real estate is the best way to invest 1 million. Moreover, the advent of the digital world has revolutionized investment mode by retaining the benefits of physical real estate investment. 

People are more into online real estate investment as it seems satisfying, has a high chance of success, and can generate significant ROI. The wide range of online investment options includes Crowdfunding platforms. They typically offer investors an opportunity to purchase fractional ownership in a specific project, such as apartments or commercial spaces. You can receive payouts as per the initial investment when the property grows.

The other option is REITS (publicly-traded companies that own and manage commercial properties across the country). They offer investors the ability to participate in their growth through dividend payments and share appreciation while minimizing risk. You can invest in REITs by purchasing shares from stocks.

You can consider LEX real estate marketplace for transparent investment. It has high-security standards that ensure the safest processing.

Overall, it’s the best place to invest 1 million dollars and expect greater profits without hassle.

4. Use ETFs

If you’re wondering where to invest 1 million, you need to find the safest way to grow your money.

One of the easiest ways to go is by investing in an exchange-traded fund (ETF). ETFs are like mutual funds but trade on their exchange. You can buy exposure to thousands of stocks and bonds using such a low-cost way.

ETFs are a great investment because they offer the diversification, low fees, and high returns, especially compared to traditional stocks. They have been around for decades but recently have become more popular among investors. In fact, ETFs now make up a majority of all US equity investments.

Buying EFTs involves opening brokerage accounts like (Robinhood andTD Ameritrade) which are explained previously.

5. Buy Profitable Online Businesses

Developing a business from scratch requires considerable effort and time, especially if you are new to the industry and don’t have enough idea of the advances in the financial world. In that scenario, buying an online business with consistent customers and diversified products is the best option.

Unlike any other business, online business has great potential to grow over time because it involves online marketing tools, search engine optimization techniques, convenience, and frequent adaptability. Research shows that 95% of purchases will be through eCommerce by 2040.

The common online businesses that can yield greater profits include SaaS Brands, Mobile Apps, Affiliate sites, eCommerce companies, Blogs, Dropshipping brands, etc. You can buy any of them through, which takes care of your asset dealings through a customized approach.


Hence, you must be sure how to invest 1m dollars now, right? So, if your long-term goal is to retire at age 65 with a nice nest egg, consider investing in a balanced portfolio to generate a passive income stream.

For that sake, you must meditate and experiment with different strategies and navigate multiple ways to finalize the most suitable option. The guide mentioned above will help you decide how to invest millions of dollars for passive income.

Thomas Raynott

Thomas Raynott

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