If the investment cycle is short, risks are avoided, and more attention is paid to the preservation of existing assets, most assets can be invested in bond funds and money funds.
If the investment cycle is long and the risk tolerance level is average, you can make a balanced allocation between stock funds and bond funds, or only invest in hybrid funds.
If the investment cycle is long, you can bear greater risks, and you can invest most of your assets in stock funds to pursue higher long-term returns.
I hope I can help you, and I hope to adopt it!