“跑步进场”遇上市场调整，咋办？

Core Viewpoint - The article emphasizes that short-term market fluctuations do not alter the long-term positive trend of the A-share market, which remains undervalued compared to global indices [2][7]. Group 1: Market Trends - A-shares have shown a pattern of rising amidst volatility throughout the year, indicating resilience in the face of market fluctuations [2]. - Despite recent increases, A-shares still exhibit relatively low valuation levels compared to other major global stock indices [2]. - Policies supporting industrial development, such as "anti-involution," are positively impacting corporate profitability, with a notable year-on-year increase of 21.6% in September [4]. Group 2: Policy Environment - New policies aimed at economic development are being formulated, with the upcoming "14th Five-Year Plan" expected to introduce a new wave of policy initiatives [6]. - The combination of existing and forthcoming policies is anticipated to sustain the long-term upward trend in the market [7]. Group 3: Investment Strategies - The market is transitioning into a phase of differentiation, where high-quality companies and sectors are expected to stand out, making it a challenging period for investors [8]. - For novice investors, utilizing professional management through funds may be a more effective approach to navigate market volatility [8]. - Experienced investors are encouraged to adopt strategies like the "barbell strategy," which involves holding two types of assets with low correlation to balance risk and return [9]. Group 4: Asset Allocation - The barbell strategy can involve a combination of dividend stocks and innovative sectors to mitigate the impact of market fluctuations [9]. - Pairing different broad-based index funds, such as the CSI 300 and the CSI 1000, can also provide complementary benefits, allowing investors to better seize opportunities [11].