According to the lecture material, the usual order of the mainstream asset categories from lowest risk $($and shortest investment time$-$horizon$)$ to highest risk $($and longest investment time$-$horizon$)$ for an investor in Australia is:

Fixed Interest, Cash, Property, Australian Shares, International Shares

Cash, Fixed Interest, Commercial Property, Australian Shares, International Shares

Cash, Fixed Interest, Property, Shares, Cryptocurrencies

Cash, Fixed Interest, Australian Shares, International Shares, Commercial Property

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