不同星级下，适合买什么品种？｜第411期直播回放

Core Viewpoint - The article discusses the "Screw Star Rating" system, which helps investors assess market valuation and identify suitable investment strategies based on different star ratings. It emphasizes the importance of understanding when to buy or sell and how to manage volatility risk effectively [3][4][5]. Group 1: Screw Star Rating System - The "Screw Star Rating" is used to evaluate the overall market valuation, updated daily on the public account [3]. - The star ratings range from 1 to 5.9, with 5-5.9 indicating the best investment phase for stocks and funds, while 1-1.9 represents a bubble phase [5][14]. - A new mini-program allows users to check the latest star ratings in real-time, updated every minute [6]. Group 2: Market Performance Since 2022 - The article provides a comparison of the performance of the CSI All Share Index and its total return index with the Screw Star Ratings since early 2022, showing a correlation between star ratings and market movements [8]. Group 3: Investment Strategies by Star Rating - Different investment combinations are recommended for various star ratings, with specific strategies tailored to each rating level [10]. - For a 5-5.9 star rating, the recommended investment combinations include "Active Selection" and "Index Enhancement," focusing on a high proportion of stocks [24]. - In a 4-4.9 star rating, some undervalued stocks remain, but the investment amount should be significantly reduced compared to the 5-star phase [29][30]. Group 4: Characteristics of Each Star Rating - In the 5-5.9 star phase, there are many undervalued stocks, limited downside risk, and significant upside potential, despite prevailing pessimism among investors [16][19]. - The 4-4.9 star phase sees a gradual reduction in undervalued stocks, with some still available for investment [26]. - The 3-3.9 star phase indicates that most stocks are either fairly valued or overvalued, presenting opportunities for profit-taking [37][40]. Group 5: Risk Management and Asset Allocation - The article suggests controlling stock asset proportions based on age, recommending not to exceed "100 minus age" in stock investments during the 4-star phase [33]. - It emphasizes the importance of managing volatility risk, especially during transitions from 4-star to bear market phases [35]. - Strategies for risk control include dollar-cost averaging, diversified asset allocation, and maintaining a balanced portfolio [38].