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If your brother would not take ANY risk - there is nothing better he may do...Any other options will have some level of risk.
We may look for options that allow to minimize the risk - but there is no way to eliminate it.
For instance - real estate is relatively not expensive - and your brother might want to purchase a rental property - and depending on circumstances - may expect 5-20% rental income.
He might purchase an existing business - and might have much better business income.
Another option is to invest into stock market. Yes - there will be a risk of loosing the money, but with 2% inflation - he is loosing the value anyway...
Unfortunately - if he woudl NOT tolerate any risk - having a bank CD is the ONLY option.Taking a risk is a key to any earnings.
First of all - never put all your money into one single investment option. Always diversify your savings.
Some low risk options to consider...
-- invest into children or grandchildren educational plan
-- purchase some annuity - see here
You can opt to receive payments for the rest of your life, or for a set number of years. How much you receive depends on whether you opt for a guaranteed payout (fixed annuity) or a payout stream determined by the performance of your annuity's underlying investments (variable annuity).
-- purchase US Savings Bonds
All these would be still related to current interest rates - and actual earning would; not be much better.
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