Funds, stocks, and bonds. As for these three, their risk levels from large to small are stocks, funds, and bonds.

In the fund ranks, according to different investment contents, they can be divided into stock funds, bond funds, and currency funds (the degree of risk is from large to small). Stock funds also include pure stock funds and allocation funds. Because allocation funds do not all invest in stocks, their risks are smaller than pure stock funds. Bond funds also include partial debt funds, funds that invest in convertible bonds, and pure bond funds, with the risk levels decreasing in order. Monetary funds determine the risk level based on the duration of the position and whether to invest in convertible bonds. If the duration is long, the risk is high; investing in convertible bonds is high risk.