Core Viewpoint - The market has reached a 3.8-star rating as of March 11, 2026, indicating that it has passed the peak investment value phase for stock funds. There are still some undervalued index funds available for investment, particularly in the dividend category and certain industry/theme indices [1][2][3]. Group 1 - The market is currently at a 3.8-star rating, and it is suggested that investors can still consider dollar-cost averaging into some undervalued index funds [1][5]. - The undervalued indices primarily include low-volatility dividend indices and certain industry/theme indices, which are still in the green undervalued stage [3][4]. - The investment strategy should focus on maintaining a long-term plan, even in a 3.x star market phase [5][12]. Group 2 - When investing in a 3.x star market, it is important to note that undervalued index funds will still experience volatility, especially during market fluctuations [7][10]. - Industry/theme indices tend to have greater volatility compared to broad market indices, with annual fluctuations averaging between 30%-50%, while indices like the CSI 300 typically see fluctuations around 20%-25% [11]. - A well-structured investment plan is crucial to ensure that funds are available for continued investment when the market returns to a 4-5 star rating [12][14]. Group 3 - Certain investment strategies are not suitable in a 3.x star market, such as making a large one-time investment or borrowing money to invest [17][22]. - The market often presents opportunities for undervalued investments every 3-5 years, making it advisable to wait for more favorable conditions before increasing investment [19][20]. - Investors should reserve capital for future opportunities when the market reaches a higher rating, particularly in the 4-5 star range [28][30].