Fund Spy: Morningstar's Inside Secrets to Selecting Mutual Funds that Outperform
If you're serious about picking the right investments for your portfolio, Fund Spy will put you on the right track.Nobody is more familiar with mutual funds than author Russel Kinnel, the Director of Mutual Fund Research for Morningstar, Inc. and Editor of Morningstar® FundInvestor, a monthly newsletter for individual investors. He has spent over 15 years researching mutual funds and meeting with the people who manage them. Now, with Fund Spy, he offers unparalleled guidance that will sharpen your investing skills and help you find the best funds for your portfolio.Filled with in-depth insights and expert advice, Fund Spy arms you with the information needed to intelligently screen and select a variety of funds. While both effective new strategies and time-tested techniques are outlined throughout this reliable resource, all of the methods here will help you avoid common mistakes and outperform the average investor.Page by page, Fund Spy puts this process in perspective with detailed discussion of:How to find managers who invest millions of their own money in their fundsWhy fund expenses really matterUsing a fund's performance to understand its risk and reward profile, as well as its behavior in different types of marketsHow to find great fund managers and teamsAnd much moreCombining quantitative data with qualitative research, Kinnel highlights key factors that drive fund performance and writes candidly about the industry's conflicts of interest that can harm investors.Don't settle for high-cost, poorly run funds simply because they fell into your portfolio or someone is touting them. Follow the guidance found in Fund Spy and you'll quickly discover what it takes to research and buy the right funds. Three months from now, you may not see a difference, but you will see a dramatic difference in five or 10 years, when the power of compounding has substantially grown your portfolio and put more money in your pocket.