Group 1 - The core viewpoint of the article emphasizes that the current investment environment is at a 4.3-star level, which is still a reasonable stage for asset allocation, especially for those who have recently added funds [4][37] - The A-share market has shown a significant recovery since mid-2022, with the overall rating fluctuating between 4.3 and 5 stars, indicating a strong market performance [4][5] - The longest bear market in the last decade occurred from 2022 to 2024, providing ample investment opportunities during brief periods of 5-star ratings [7][9] Group 2 - The article outlines a three-step asset allocation strategy for investors at the 4.3-star level, starting with assessing whether the funds are long-term and unused [16][17] - It suggests determining the stock-bond allocation ratio, recommending a maximum stock allocation of "100 minus age" for long-term funds, ensuring a minimum of 30% in stocks [19][21] - The article highlights that there are still undervalued stocks available for investment, particularly in value-style indices, and mentions the ongoing updates of common index valuation tables [22][27] Group 3 - The "Monthly Salary Treasure" investment combination is presented as a balanced asset allocation option, maintaining a stock-bond ratio of approximately 40:60, suitable for the current market stage [28][36] - The combination has undergone two rebalancing adjustments since 2024, with the first adjustment in early 2024 leading to a significant increase in stock value [33][34] - The article concludes that if the market reaches a 3-star level, it may be prudent to pause investments in stock funds, as alternative strategies may become more favorable [40][41]