3点几星级，我们该如何投资？｜第427期直播回放

Core Viewpoint - The article discusses the investment strategies suitable for different star ratings in the market, emphasizing the importance of evaluating market conditions and adjusting investment portfolios accordingly [1][12]. Group 1: Star Ratings and Investment Strategies - The "螺丝钉星级" system is used to assess market valuations, with ratings ranging from 1 to 5.9 stars indicating different investment phases [5][6]. - A 5-5.9 star rating represents the best phase for investing in stock funds, with opportunities for both regular investments and asset allocation [17]. - A 4-4.9 star rating indicates a reduction in undervalued options, suggesting a cautious approach to stock fund investments, with strategies like dollar-cost averaging and diversified allocations recommended [18]. - A 3-3.9 star rating shows that most options are at normal or high valuations, with few undervalued choices available, indicating potential profit-taking opportunities [19][21]. Group 2: Market Valuation Trends - As of January 2026, the market is around 3.9 stars, with most assets returning to normal valuations and few remaining undervalued [7][12]. - Historical data shows that in September 2024, the market dropped to a 5.9 star rating, with a significant portion of undervalued assets, while in early 2021, the market was at 3.7 stars with no undervalued options [7][21]. - The article highlights the importance of monitoring market conditions and adjusting investment strategies based on the star rating system to optimize returns [13][14]. Group 3: Investment Combinations - Different investment combinations are recommended based on the star ratings, with specific strategies for each level [9][11]. - For example, the "月薪宝" combination is suitable for a long-term investment horizon with a focus on stock and bond funds, while "主动优选" and "指数增强" are recommended for higher stock allocations [11]. - The article emphasizes the need for investors to adapt their strategies based on market conditions and the star rating to maximize investment effectiveness [10][15].