Illusion of Income

Illusion of Income

From Free Lunch by Canvas Wealth

May 6, 2026 · 25 min · Episode 309

About this episode

Colin and Greg discuss the complexities and tradeoffs of structured notes in investing.

That 12% yield might sound incredible. Until you find out what it is based on. Structured notes are often marketed as the best of both worlds — income, protection, and upside. But Colin and Greg argue you can’t have it all, and that the tradeoffs matter. In this episode of The Free Lunch Podcast, they break down what structured notes are, how the payout is generated, and why keeping things simple may be a better fit for some investors.

People in this episode

Hosts: Colin, Greg

Topics covered

  • structured notes
  • income
  • investing
  • financial protection
  • tradeoffs

Keywords

  • structured notes
  • 12% yield
  • income generation
  • financial products
  • investing strategies

Mentioned in this episode

Organizations: Canvas Wealth

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