With the growth of age, people's risk tolerance gradually decreases, so it is necessary to adjust the investment ratio of aggressive financial management tools (such as stock funds) and stable financial management tools (such as bond funds, ultra-short debt funds and money market funds). For wage earners under 60, 100 minus age is the reference ratio for investing in stock funds, and the rest can be invested in money funds, bond funds and hybrid funds; For those who are over 60 years old, close to or retired, they may wish to invest mainly in money funds and bond funds, and it is best not to invest more than 20% in stock funds for a long time. The above is a quick calculation method. Burton malkiel, an American economist, inspected the American stock and bond market in the late 1980s, and made suggestions for people of different ages to invest in properties other than real estate: 20-30 years old, with fast pace of life, enterprising spirit, stable income and high risk tolerance. Investment ratio: 5% in cash, 25% in bonds or savings, and 70% in stocks (mainly equity funds). 30-40 years old faces a midlife crisis. For dual employees who have no children, the risk tolerance is still very high. Investment proportion: 5% in cash, 40% in bonds and 55% in stock funds. At the age of 40-60, people in this age group began to consider the needs of retirement plans and income security. Investment ratio: 5% in cash, 45% in bonds or savings, and 50% in stocks (choose stock funds with less risk than the first two). The lifestyle over 60 years old is to enjoy leisure activities while accumulating a lot of health insurance expenses. No or little risk tolerance. Investment ratio: 10% cash, 60% bonds or savings, 30% stocks. Burton Malkiel's suggestion is only a reference for China people, but it should have certain guiding significance for people of all ages. (The author is the marketing director of Huabao Industrial Fund Management Co., Ltd.) Netease declares that the content of this edition is purely the author's personal opinion, which is for investors' reference only and does not constitute investment advice. Investors operate accordingly at their own risk.