Oscar is a 58 year old, single construction worker that has recently inherited $100,000 from a distant relative. He is quite excited about investing the money. Oscar, even though he knows very little about the financial market, is very optimistic on the economy and believes once a COVID vaccine is discovered the market will bounce back very strongly, and he believes he could double his inheritance. He is also excited about the additional investment income which he could really use to supplement his monthly earnings. The investment options he is considering include the following:

1) Common shares of TD Bank with a dividend yield of 5.5%.

2) RBC 5-year GIC yielding 1.0%, non-redeemable.

3) Preferred shares of Bank of Nova Scotia with 5-year reset, currently yielding 2.5%.

4) Osisko Gold Royalties convertible senior unsecured debentures, yielding 6%.

5) Common shares of Shopify which currently don't pay any dividends.

Rank the options from the most to the least appropriate for Oscar, and discuss one advantage and disadvantage of each option.