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.