How and where can you invest 1 million dollars?

I would create a diversified and balanced portfolio consisting of stocks, bonds, cash, gold, commodities, etc, and reinvest the interest and dividends.

If you are

An accredited investor then seek to find absolute returns [hedge] funds they can get consistent profits regardless of market direction. I know there are a variety of funds that do this. I've been working on a project for the past two years, myself. Keep your eyes open for one.

Consider this

You should not be happy just to make money when the market rises. You should try to make consistent profits over time no matter what, because the market may go years without climb higher.