I have a flash flag that attaches to my bike and sticks out about 18" towards traffic. It has a reflective triangle of cloth hanging down that I hear is very noticeable. I also wear an orange reflective vest. If/when I get hit it won't be because they didn't see me.

Google flash flag...I see one listed for $14.00, You should be able to get some great lights with the remaining $986.00

Good Luck!