Jo and Kim are best friends, they both want to start investing more in order to retire

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Jo and Kim are best friends, they both want to start investing more in order to retire in 8 years. They both have a risk profile of moderate to balanced investor, as they are in there early 50s but still want to acquire wealth. They understand diversifying investments too

Jo considers himself as a growth investor while Kim considers herself a conservative investor.

Question:

a) Recommend two financial products for each of them.

b)They would also like to understand the risk profile of managed funds and the risks of achieving the financial returns from the funds.

Related Book For answer-question

Management Accounting

ISBN: 9780730369387

4th Edition

Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey

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Posted Date: Jul 18, 2023 02:37 AM

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Jo and Kim are best friends, they both want to start investing more in order to retire

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Expert Answer:

a For Jo a growth investor two financial products that may be suitable are 1 Exchange Traded Funds ETFs ETFs are a type of investment fund that are bo... View the full answer

Management Accounting

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