Bonds are fixed-income securities, and the credit rating of the issuing company is very important when choosing bonds. Creditors with high credit, such as national debt and bank debt, have stable income and basically no risk. However, if you choose the subordinated debt issued by enterprises with poor efficiency, that is, the so-called junk debt, the risk is still quite large. Funds are divided into monetary, bond and stock types. The risks of the three types of funds increase in turn, and of course the income also increases. Fund is a portfolio strategy that comprehensively allocates all kinds of securities to spread risks. The risk is definitely greater than the bond.