Group 1: Stocks - Stocks are a type of security representing ownership in a company, allowing shareholders to receive dividends and participate in company decisions while also bearing associated risks [3][4]. - The main characteristics of stocks include: - Profitability derived from dividends and trading price differences [5]. - Price volatility and risk, with greater uncertainty leading to higher investment risk [5]. - Liquidity, which varies by stock type and market conditions [6]. - Permanence, as stocks represent a long-term investment without a maturity date [6]. - Participation rights in corporate governance for common stockholders [6]. Group 2: Securities Investment Funds - Securities investment funds are collective investment tools that primarily invest in liquid financial securities like stocks and bonds, managed by professional institutions [7]. - Key features of securities investment funds include: - Collective management of investor funds by professionals, enhancing investment efficiency [8]. - Risk diversification through investment in multiple securities [11]. - Profit sharing and risk sharing among investors based on their holdings [11]. - Strict regulatory oversight and transparency in information disclosure [11]. - Independent custody of fund assets to ensure safety [11]. Group 3: Bonds - Bonds are securities that represent a loan made by an investor to a borrower, with a promise of periodic interest payments and principal repayment at maturity [10][12]. - The main characteristics of bonds include: - Repayment terms that specify the timeline for interest and principal payments [15]. - Liquidity, which depends on market conditions and the ease of converting bonds to cash [15]. - Safety, as bondholders typically receive stable returns, although risks exist regarding issuer default and market price fluctuations [15]. - Profitability through interest income, trading price differences, and reinvestment of interest [15].

Group 1 - The core viewpoint of the article emphasizes the evolving landscape of wealth management and financial products in 2024, highlighting the challenges and opportunities presented by changing market conditions [5]. - The article discusses the potential decline in yields for deposit replacement products, questioning whether this trend will continue [5]. - It addresses the difficulties clients face in accepting net value fixed-income products, indicating a need for better communication and education [5]. Group 2 - The first section of the article outlines various insights into wealth management, including the implications of the "胖东来" case for wealth management institutions [5]. - It explores the hidden secrets behind investors' choices between funds and wealth management products, suggesting a complex decision-making process [5]. - The article also examines the impact of index-based investment tools on the competitive landscape of financial products, indicating a shift towards more standardized investment options [5]. Group 3 - The second part of the article provides a comprehensive review and outlook on various financial products, including a detailed annual report on bank wealth management for 2024 [5]. - It presents an overview of the public fund market, highlighting the ecological structure and challenges faced in a low-profit environment [5]. - The report on ETFs emphasizes their characteristics of efficiency, transparency, and low cost, which position them as potential market leaders [5].