Building a portfolio by using a mixture of financial instruments with maximum returns and just the right  quantity of risk is crucial to successful investing. In this course, you have learned about types of financial  markets and investments, short-term and long-term investments, and portfolio management. For this assignment, you will select one scenario from the list below, write an essay and provide a proper analysis and  investment strategy proposal.

Here is the data,

Anna & Tom

Married Couple, age 55.
Have $5,000,000 in liquid assets, including:
$1,000,000 in retirement assets
$1,000,000 in a joint account
$3,000,000 in international stock market
No cash ow needs for 10 years
Seeking long-term growth
Want to be tax-efficient in the taxable account where possible
Restrictions: don't want to invest in oil companies or tobacco
Moderate risk tolerance

please answer according to the below instructions...

Instruction:
Assess the risk of the suggested investment and the influence that diversification could have on the  planned portfolio.
Compute expected rates of return on each item in the planned investment portfolio.