Yup what he is looking for existed, maybe, 20 years ago. Maybe. Even then like you say inflation always takes "it's cut" first. In order to beat inflation the return has to be greater by "X".
yea i've looked into it. It's similar to QYLD giving out 11% annual premium yield with just CC, but since it's a collar, it will be around 8-9%. More along the lines of NUSI which is currently at 7-8%. I figure he put in that QRMI, reinvest half of the premiums earned with buying more shares every month. So long term, his equity is basically flat, and the account grows by bigger share of QRMI and basically bigger premiums. Plus OP old friend is not looking to beat the damn index. He's looking to earn consistent income that beats CDs without the excessive downside risk.
Open an account at Gemini.com which is a crypto exchange, regulated in the US. If it sounds scary, do some research and you should be able to reassure your friend. Follow all security advices on their website. Don't do any kind of trading. Transfer part or all of your 800K into this new account. Buy the Gemini dollar Wich is a stablecoin ( the value never change and is 1 to 1 ) and click on "Gemini earn". You don't need a "cold wallet" or anything fancy. You will now have a 8% per year of interest. If you leave US dollars in this account, they are FDIC insured. The GUSD or Gemini dollar is also FDIC insured for 250K. No fees to buy or sell the Gemini dollar. (Expensive fees for active trading of anything else). I don't know anything as good and more secure than that.
View attachment 271606 [/QUOTE] That fund is intermediate duration of 7.65. It is very dangerous to take on duration right now. And would be very wrong to recommend to a CD saver. I recommended the short duration tips only.
Variable annuities with Premium Rated insurance. No downside risk and unlimited upside with a guaranteed return.
Bond fund navs move inversely with yields, like a bond would, but you are passively exposed to duration and such.
Take 700K and put it in the bank. Take 100K and spread it amongst the best shitcoins on the next crash. Alternatively, take 100K and buy SPY weekly calls.
Buy a home in a nice nearby neighborhood or nearby rural area...rent it out on AirnB or Vrbo. Sell whenever he reaches his profit target after the appraisal appreciates. wrbtrader