first of all, let's sort the bond products according to the risk from small to large.

1. Treasury bonds, deposits, capital preservation and fixed income bank financing.

this kind of products have a fixed rate of return when they are invested, that is, they can be seen at the time of purchase, which can guarantee the return and basically have no risk. Of course, the income of these products is very limited, generally between 4% and 4%.

2. Money funds, non-guaranteed fixed-income bank financing,

Money funds mainly invest in money market instruments, so what are money market instruments? It is the interbank deposit certificates within one year. These deposit certificates dismantled between banks, including one-year bonds with relatively small risks, cannot be predicted in advance, but its income is relatively constant, and generally no losses will occur. The non-capital-guaranteed fixed-income bank financing is a very common bank financing. Banks have a deadline for issuance and an expected return on income. Although there is no capital preservation in the contract, it is generally not a big problem. The yield of money funds generally ranges from 3.5% to 5%, a little higher and a little lower, and bank financing is generally between 4% and 4.8%!

3. Asset management of fixed-income securities firms and insurance financing of fixed-income securities.

It is mainly the products actively managed by securities companies and insurance companies, which mainly invest in interbank certificates of deposit and bond markets. However, it is not required to invest within one year like money funds. At present, most securities companies manage insurance financing in the form of fund pools, and the benefits are told to everyone in advance. The contract does not include capital preservation, so the risk is higher than that of bank financing.

4. bond fund, CPPI structured financial management.

The risks of these two types of products are slightly higher than those of bank financing, and there is no guarantee of income, but they are a little less than those of trust and P2P.

5. Project trust, P2P.

These two types of products are relatively risky, which are determined based on the quality and investment attributes of the investment target. If the borrower's ability to repay the money is poor, or the project trust hangs an unfinished project, the principal will be lost. At present, the trust breaks the rigid payment, but the risk is not small. In the past, the rate of return can reach 6% ~ 8%. P2P has reached more than 8%. How to choose P2P can be found in the question I answered!