I am also risk adversed with a mixture of annuities, fixed income funds, ibonds, cash and CDs and a 20% allocation to securities and currency trading just to keep me interested in my boring portfolio. Actually, the 20% allocation generates a better return compared to the boring investments but I don't plan to increase this allocation. I know I most probably am not beating inflation in some years but this is something risk adversed investors have to acknowledge and accept. So, if you want to sleep better and your portfolio is sustainable, I guess there's not that many other variety of risk adversed investments to choose from.