Group 1 - The article emphasizes the importance of having an emergency fund before pursuing high-yield investments, suggesting that this fund should cover 6 months to 1 year of expenses [2] - It recommends using flexible cash management products for the emergency fund, such as Alipay's Yu'ebao or WeChat's Wallet, which provide stable but low returns [2] Group 2 - Once an emergency fund is established, excess funds can be allocated to fixed-income products like bank wealth management products and bond funds for higher returns [3] - Bank wealth management products are considered stable but may have a lock-in period, while bond funds offer higher returns with greater net asset value fluctuations [3] Group 3 - For funds that exceed 5 years of expenses, the article suggests investing in risk assets like ETF funds, which typically outperform actively managed funds over the long term [4] - The risk associated with ETF funds is highlighted, as they are subject to market price fluctuations and require careful consideration of the investor's risk tolerance [4] Group 4 - A specific investment strategy is proposed based on the investor's annual expenses, recommending cash management products for initial savings, followed by a mix of cash management and fixed-income products as savings grow [5] - The strategy outlines that for an investor with annual expenses of 50,000 yuan, all savings should initially go into cash management products, transitioning to fixed-income products as savings increase [5][6]