Quaresma is a retired 75-year-old who has $500,000 after selling his small business and paying taxes on the sale. He wants to invest this money. Quaresma would like the capital to rise faster than inflation to maintain the purchasing power of his wealth. However, he would also like to make low-risk investments and have easy access to at least $50,000 per year for the next five years.

1. Analyze investment opportunities that align with the financial goals of the scenario.
2. Recommend specific investments to create a portfolio from the available capital.
3. Evaluate the risks of the recommended investments and the impact that diversification, taxes, inflation, and currency fluctuation could have on the proposed portfolio.
4. Calculate projected rates of return on each item in the proposed investment portfolio
5. Recommend strategies for long-term and short-term investment; include justifications for the recommendations you make.