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.