This is a level designed for customers with different risk tolerance according to different risk levels of different types and products. For example, funds: closed-end funds are more risky than open-end funds. Equity funds are more risky than money funds and bond funds. The risk of hybrid funds is determined by their asset allocation. Active stock funds are more risky than passive index stock funds. But even with the above comparison, compared with the open passive index stock fund, the risk degree of closed bond fund is difficult to measure, because the risk content is different, but it is irrational to use mathematical model to calculate it. Users can choose different types of risk products according to your own risk tolerance, usually by filling out a form in the form of a questionnaire. Fund companies or banks will determine the risk level of your customers according to the questionnaire, and will design financial products that are more suitable for you. Follow-up: Is this risk big or average? Answer: See what kind of risks you can bear, such as index funds, stock funds are suitable for customers with high risk tolerance, followed by hybrid funds, bond funds and money funds have the smallest risks, but the returns are not high, which are suitable for investors with low risk tolerance.