I am 65, married, retired, and living in Canada and have $2M in retirement savings. I am trying to decide among the following retirement options.

1. Purchasing a 25-year annuity from an insurance company.
2. Investing in a managed bond mutual fund that only buys high grade bonds. I would live off the interest payments and/or sell bonds as needed to live.
3. Investing in a managed ETF that invests only in Canadian mining companies. I would live off the dividends and/or sell ETFs as needed to live.
4. Purchasing US denominated bonds issued by the US Government. I would live off the interest payments and/or sell bonds as needed to live.
5. Regularly trading stocks based on information provided by my investment banker friend who shares information on upcoming mergers, acquisitions, and refinancing before it is disclosed to the public. I would live off the dividends and/or sell shares as needed to live.
6. Regularly trading stocks based on information I find on the internet. I would live off the dividends and/or sell shares as needed to live.
7. Putting the names of 100 stocks in a hat and then have my pet chimpanzee pick 30 from the hat and investing in those shares. I would generally hold these stocks until retirement, and I would live off the dividends but would sell shares as needed to live.

Assuming you are a believer in the efficient market hypothesis, please provide me some information and pros and cons on each of the above options. This should be a paragraph or so for each option.