1. The investment direction of a fund is generally decided by the fund manager or management team, and it mainly invests in financial instruments such as stocks, bonds and money markets to gain capital appreciation and income. Specific investment directions include stock funds, bond funds, hybrid funds and commodity funds. The investment direction of the fund is usually stated in the fund raising plan.

2. The investment direction of stocks is mainly determined by investors according to their own risk preferences, investment purposes, market conditions and other factors. Stock investment mainly includes value investment, growth investment, index investment and technical analysis investment. Different investors will have different stock investment strategies and methods.