looking for some suggestions for an older friend on some places to park $800k. Must be low risk, Must be fairly simple and must provide a better return than CDs (currently averaging around 0.5% APY). Simply putting it in the SP500 is completely out of the question for him...he is in his 60's and extremely risk averse with this money. Does anything like this even exist? even 2-3% would be acceptable to this guy.