If your risk tolerance is low, I suggest you try to buy a money fund, because money funds are usually the safest. Although their income is very low, you can redeem some money funds at a fixed time every month, and then keep the principal unchanged, so the monthly income is similar, but if you choose money funds, the overall yield will be lower.
If you can take certain risks and have higher requirements for returns, then you can consider bond funds, because bond funds can usually have a slightly higher rate of return than money funds, but the risks of bond funds will be higher, especially those with partial bonds.
If you can bear greater risks and have higher expectations for returns, then it is recommended to buy equity funds. However, such funds are risky, and it is usually not recommended to enter the market directly. You must learn relevant knowledge as much as possible, choose the right investment target, find a fund manager you trust, and then invest.
In addition to the above funds, you can also choose wealth management products. You can buy the kind that opens once every 30 days, and you can open it for one day at a time. It can be guaranteed to open once a month, and the yield is usually higher than that of the money fund, but at the same time the risk is not much higher than that of the money fund.
In fact, if you learn some financial management knowledge, you can mix it well. Put most of your money in money funds and bond funds as the guarantee of income, and buy stock funds with a small amount of money, you can get high returns. At the same time, backed by bond funds and monetary funds, the total rate of return can be guaranteed as much as possible. But when doing this collocation, we must pay attention to stock funds and choose a good track. And when doing collocation, try to improve your understanding, and don't collocation at will.
Therefore, if you have some spare money in your hand, buying a money fund can stabilize your income every month and the income is very fixed. Bond funds may have higher returns, but they may also face risks. Equity funds may get more income, but at the same time they also face the greatest risks. In addition to buying funds, you can also buy that kind of wealth management products.