当前红利低波操作体系详解

Core Viewpoint - The article presents a scoring system for the Dividend Low Volatility Index, which ranges from 0 to 10, where lower scores indicate undervaluation and higher scores indicate overvaluation [2][3]. Scoring System Summary - A score of 3 or below indicates undervaluation, representing a rare buying opportunity when prices fall below their intrinsic value [2][4]. - A score between 3 and 7 is considered a reasonable valuation, where prices align with their intrinsic value, allowing for fluctuations within this range [2][3]. - A score above 7 indicates overvaluation, suggesting that prices exceed their reasonable value, but this does not guarantee an immediate price drop [3][6]. Investment Strategy - When the score is below 3, the recommendation is to invest fully, as such opportunities are infrequent, typically occurring 1-2 times a year over the past 20 years [4]. - For scores between 3 and 7, a monthly dollar-cost averaging strategy is suggested, where investments are divided into portions and invested monthly [4][5]. - If the score exceeds 7, it is advised to stop investing and consider holding the investment long-term, with selling only considered when the score exceeds 9 [6]. Additional Considerations - Concerns about investing during prolonged periods of high scores (6-7) can be mitigated by adjusting the investment strategy to lower score thresholds or increasing the number of investment portions [5][6]. - The article emphasizes the importance of personal responsibility in investment decisions, allowing for individual adaptations of the proposed scoring system [6]. Fund Allocation Concept - The article briefly mentions the Snowball Three-Point Method, which focuses on long-term investment and asset allocation through diversification across assets, markets, and timing to achieve diversified investment returns and risk mitigation [7].