上涨了，该如何止盈？｜第397期直播回放

Core Viewpoint - The article discusses various strategies for profit-taking in index funds, highlighting their advantages and disadvantages, and emphasizes the importance of market valuation in making investment decisions [1][3][20]. Summary by Sections Profit-Taking Strategies - Three main profit-taking strategies for individual index funds are outlined: 1. Profit-taking based on return rate 2. Profit-taking based on overvaluation 3. Long-term holding without selling, relying on dividends for profit [3][4][30]. Strategy 1: Profit-Taking Based on Return Rate - This strategy suggests considering profit-taking when the return reaches a predetermined level, typically around 30% [4][5]. - The advantage is its simplicity, while the downside is the potential to miss out on gains during bull markets [7][8]. Strategy 2: Profit-Taking Based on Overvaluation - Investors can use valuation metrics to determine when to sell, with a reference to a star rating and valuation table updated regularly [11][14]. - The valuation table indicates: - Green for undervalued (suitable for investment) - Yellow for normal valuation (hold) - Red for overvalued (consider selling) [12][18]. Strategy 3: Long-Term Holding - This strategy emphasizes the benefits of holding investments for the long term, particularly for high-dividend stocks [30][34]. - It is considered low-maintenance but requires careful selection of high-dividend stocks [35]. Market Valuation Insights - The article provides historical context on market valuations, noting significant changes from 5-star ratings in 2018 to 3-star ratings in 2021, indicating effective investment strategies during these periods [20][23]. Monthly Cash Flow Investment Strategy - The "Monthly Salary" investment strategy allows for flexible cash flow options, with a projected annual payout of approximately 6% of total assets [50][56]. - The strategy has shown stability even during market downturns, with a maximum drawdown of only 9.13% since inception [56]. Automated Portfolio Management - The article discusses automated features in investment portfolios that help manage profit-taking and rebalancing without requiring manual intervention [60][64]. - This includes automatic adjustments between equity and bond allocations based on market conditions [68][80].