5.

(1) Underestimating fixed investment strategy is based on Graham's safety marginal utility theory and diversified investment theory. The underestimation of fixed investment and profit of index funds mainly comes from three aspects: the first aspect is the profit growth of enterprises, the second aspect is the upward valuation, and the third aspect is dividends. When using the undervaluation strategy of fixed investment, it is necessary to abide by the principle of safety margin, control reasonable positions, grasp the rhythm of fixed investment and not stop loss.

(2) The fixed investment strategy of the moving average is a short-term band strategy adopted according to the degree that the index deviates from the moving average when the index is in an undervalued area in a bear market, that is, when the index deviates below the moving average, it will gradually buy, and when the index deviates above the moving average, it will gradually sell.

(3) Grid trading strategy is also called fishing net strategy, which divides the investment funds into n equal parts during the bear market shock period, and then establishes the bottom position when the index funds are relatively low, so as to continuously realize low buying and high selling.

(4) Investors should give priority to underestimating the fixed investment strategy and establish their main positions by investing in index funds. At the same time, when the index fund is in a bear market shock, whether in a bear market or a bull market, investors can make use of sub-positions for fixed average investment or grid trading, and obtain considerable income.

6.

(1) "If everything is predicted, it will be established, and if it is not predicted, it will be abolished." Making a fixed investment plan is the first step. A complete fixed investment plan includes five aspects: the first is to determine the fixed investment amount; The second is to determine the frequency of fixed investment; The third is to determine the target of fixed investment; The fourth is to determine the principle of buying and selling; The fifth is to write your fixed investment plan on paper, and then make it into an Excel form to record your profit and loss and your every trading operation.

(2) The initial fixed investment plan of index funds is also called novice fixed investment plan. Investors who have never been exposed to securities investment or bought or sold funds or stocks should first make a novice fixed investment plan and then make an index fund fixed investment, and then make a comprehensive allocation after learning the most basic fixed investment knowledge. The novice fixed investment plan is suitable for choosing an off-site independent sales organization to make a fixed investment.

(3) Stock funds refer to unused funds in the account. This is the main fund for investors to invest in index funds. When investors understand the principle of index fund's fixed investment through novice fixed investment plan and realize a certain degree of income, they can further learn the fixed investment plan of stock funds. Stock fund fixed investment plan is suitable for fixed investment in the market.

(4) Incremental funds mainly refer to the balance of investors' monthly income. Incremental capital investment plan can be on-site investment or off-site investment. In order to distinguish it from on-site stock investment, investors can add an off-site incremental fund investment account.

(5) When investors invest, there will be not only existing funds and incremental funds, but also unexpected funds, such as compensation for house demolition. When investors get this unexpected fund, they need to make a fixed investment plan for this unexpected fund. Unexpected funds are often uncertain, and investors need to determine the fixed investment period of unexpected funds according to the current market situation.

7.

(1) Investors should use the balance sheet to sort out the family assets and determine the family's net assets and disposable cash.

(2) Investors should learn to keep accounts, make good use of defensive accounts, daily accounts, cautious accounts and offensive accounts to allocate funds, and determine the amount of funds that can be used for fixed investment.

(3) After determining the frequency and amount of fixed investment, investors should make fixed investment according to the valuation of the index within the safety margin.

(4) Earn profits when the valuation of index funds is normal: gradually sell account profits with the growth of fund net value.

(5) There are two ways to take profits: one is to reap profits and gradually clear overvalued areas, and the other is to rotate stocks and debts.

(6) The policy of 16 is: overall allocation, underestimating the fixed investment, normal harvesting and overestimating the selling cost.

8.

(1) markowitz's portfolio theory tells us that the significance of allocating portfolio investment is not to improve the rate of return, but to minimize the risk of portfolio under the established rate of return target, that is, to ensure the safety of investment. Risk prevention and control comes first, and investment makes money second.

(2) The revolving portfolio of low-valued assets is a portfolio that always focuses on buying low-valued and high-quality assets, that is, constantly selling overvalued assets and buying undervalued assets.

(3) In the A-share market, the SSE 50 Index is the representative of the blue-chip index, the CSI 500 Index is the representative of the mid-cap index, and the GEM Index is the representative of the small-cap index. These three indexes are not rising and falling together, and investors need to allocate them in a balanced way to realize the rotation effect of large, medium and small market value indexes.

(4) According to the performance of different industries in different economic cycles, investors can use reverse thinking to invest in industry indexes, so that when the spring of the industry comes, they can get the excess returns brought by industry rotation.

(5) Global asset rotation allocation requires investors to identify the cycles of different stock markets and different sectors, and start allocation when the market cycle and sector cycle are at a low point.

(6) For investors who want to realize compound interest and asset appreciation by investing in index funds, they need to invest in high-quality index funds with long-term profit growth, mainly in financial services, bulk consumption, optional consumption, medicine and other industries. Choice is more important than hard work. As long as you choose the right direction and keep accumulating along the right direction, you can realize the compound interest value-added effect.

9.

(1) Although Master Er's philosophy of fixed investment is only some very empty philosophical thoughts, it is the most needed knowledge and accomplishment in the investment process. Because at the end of the investment, you will find that you are not competing with other investors at all. What you need to overcome is your own human weakness. Whoever can overcome his weakness in human nature will win a great victory in the stock market.

(2) Master II believes that fixed investment should not be limited to equity assets such as index funds, but should cover all aspects of life. Fixed investment in index funds is to make investment easier, and fixed investment in all good things in the world is to make life better. We should apply the idea of fixed investment to all aspects of life, such as index fund fixed investment, healthy fixed investment, intelligent fixed investment, interpersonal fixed investment and pattern fixed investment, so as to realize compound interest accumulation for your life and let you have a different life.

(3) investors should choose the goal of long-term compound interest growth, and then continue to adhere to one direction, cultivate intensively, and slowly accumulate to achieve a single breakthrough.