After that, you can start selecting fund varieties. The third thing to know is the specific situation of fund products, such as the nature of fund varieties, whether it belongs to high-risk and high-yield stock funds or principal guaranteed fund, which emphasizes the safety of funds; Understand the investment strategy, investment objectives and asset allocation of fund products. The existing types of funds in China, from low to high, are: capital preservation fund, money market fund, pure debt fund, partial debt fund, balanced fund, index fund, value growth fund, partial stock fund and stock fund. On the other hand, the order of risk is stock fund, partial stock fund, value growth fund, index fund, balanced fund, partial debt fund, pure debt fund, money market fund and principal guaranteed fund. Investors can choose from them. If it is difficult to determine your risk tolerance, you can try to make a portfolio to match high-risk, medium-risk and low-risk varieties, which is also the method recommended by experts. After the portfolio is completed, nothing will get better. Investors should constantly check, eliminate the "scum" with poor performance, and constantly optimize the portfolio. Here are some popular summaries: 1. Observe the overall performance of fund companies and choose those with better performance and moderate specifications. 2. Check the long-term performance of the funds you observe (at least 2-3 years); If necessary, look at its morning star ranking (for reference only) 3. Evaluate your risk tolerance and choose your own fund (stock/hybrid, etc. ) 4. Look at the strength of the fund manager when choosing a fund. Choosing a fund depends on its cost; It is cheaper to buy index funds with long-term advice.