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Complete Investor: Practical, Authoritative, and Proven Strategies or Building Wealth and Winning in the Market
Today's investment environment is filled with more choices than ever before. But with so many choices and so much information available for each one, investors face an uphill battle when attempting to make important investment decisions. Now, in a single volume for the first time, Morningstar, Inc. looks to improve this situation with Morningstar Complete Investor.
Divided into two comprehensive parts, Morningstar Complete Investor focuses on two of the most important investment vehicles currently availablemutual funds and stocks. It offers straightforward and accessible advice on understanding the essential features of these investments and illustrates how to integrate them into your own personal portfolio.
In the first part of the book, Morningstar mutual fund expert Christine Benz will put you on the right path to building a sound, satisfying, and profitable mutual fund portfolio. She walks you through the often-intimidating mutual fund selection process, helps you choose the right funds to meet your goals, and shows you how to protect your assets in any market environment. Benz also discusses how to:
Minimize mutual fund costs by understanding expense ratios, loads, and other fund charges Keep your portfolio on the right track with quarterly and annual reviews Assess the quality of a fund's manager, and next steps should a fund manager leave
In the second part of the book, Pat Dorsey, the Director of Stock Analysis for Morningstar, Inc., will help you understand how stocks operate, how to avoid the common pitfalls of stock investing, and how to build a strong portfolio of stocks. Filled with unparalleled stock research and investment strategies, this section covers a wide range of stock-related topics, including:
How to find great companies that will create shareholder wealth How to dig into a financial statement and find hidden gold . . . and deception How to recognize red flags that can cause blowups in a portfolio
You don't need an MBA to be a successful investor. What you do need is accurate information and the knowledge and self-confidence to act on that information. Brought to you by Morningstar, Inc., Morningstar Complete Investor will give you the information you need to succeed and help you build and maintain a profitable portfolio today, and for years to come.
Christine Benz is Editor of Morningstar® Mutual FundsTM, a bimonthly publication, and Morningstar® Funds 500TM, an annual book covering 500 top mutual funds. She has worked as a Morningstar analyst and editor since 1993, focusing on growth-oriented funds. Benz is widely quoted in the media and appears regularly on CNBC.
Pat Dorsey, CFA, is the Director of Stock Analysis for Morningstar, Inc. He writes regularly for morningstar.com and heads Morningstar's team of equity analysts. He was instrumental in developing the Morningstar Rating for stocks and played a key role in building Morningstar's stock coverage. Dorsey is widely quoted in the media, including USA Today, U.S. News & World Report, NBC Nightly News, CNBC, and CNN. He also appears weekly on the Bulls and Bears financial show on FOX News Channel.
Divided into two comprehensive parts, Morningstar Complete Investor focuses on two of the most important investment vehicles currently availablemutual funds and stocks. It offers straightforward and accessible advice on understanding the essential features of these investments and illustrates how to integrate them into your own personal portfolio.
In the first part of the book, Morningstar mutual fund expert Christine Benz will put you on the right path to building a sound, satisfying, and profitable mutual fund portfolio. She walks you through the often-intimidating mutual fund selection process, helps you choose the right funds to meet your goals, and shows you how to protect your assets in any market environment. Benz also discusses how to:
Minimize mutual fund costs by understanding expense ratios, loads, and other fund charges Keep your portfolio on the right track with quarterly and annual reviews Assess the quality of a fund's manager, and next steps should a fund manager leave
In the second part of the book, Pat Dorsey, the Director of Stock Analysis for Morningstar, Inc., will help you understand how stocks operate, how to avoid the common pitfalls of stock investing, and how to build a strong portfolio of stocks. Filled with unparalleled stock research and investment strategies, this section covers a wide range of stock-related topics, including:
How to find great companies that will create shareholder wealth How to dig into a financial statement and find hidden gold . . . and deception How to recognize red flags that can cause blowups in a portfolio
You don't need an MBA to be a successful investor. What you do need is accurate information and the knowledge and self-confidence to act on that information. Brought to you by Morningstar, Inc., Morningstar Complete Investor will give you the information you need to succeed and help you build and maintain a profitable portfolio today, and for years to come.
Christine Benz is Editor of Morningstar® Mutual FundsTM, a bimonthly publication, and Morningstar® Funds 500TM, an annual book covering 500 top mutual funds. She has worked as a Morningstar analyst and editor since 1993, focusing on growth-oriented funds. Benz is widely quoted in the media and appears regularly on CNBC.
Pat Dorsey, CFA, is the Director of Stock Analysis for Morningstar, Inc. He writes regularly for morningstar.com and heads Morningstar's team of equity analysts. He was instrumental in developing the Morningstar Rating for stocks and played a key role in building Morningstar's stock coverage. Dorsey is widely quoted in the media, including USA Today, U.S. News & World Report, NBC Nightly News, CNBC, and CNN. He also appears weekly on the Bulls and Bears financial show on FOX News Channel.
512 pages, Hardcover
First published January 1, 2004
1 person is currently reading
16 people want to read
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Displaying 1 of 1 review
May 4, 2021
It is a SHAME that this book is out of print. This is a thorough, yet very readable guide to fundamental analysis for investing.
This was written in 2005-06 and some of the information about trading fees is a little outdated. Luckily, trading has gotten much easier and less expensive since then! Most platforms have no fees and trading is free now. Still, the core messages concerning evaluating funds and stocks are as relevant now as they have ever been.
The first half of the book covers mutual funds. These are not as popular now as they have been in the past, but it is still very good to learn how they work, how to pick the best funds, and how to pay the least amount in fees and other expenses. ETF'S were still relatively new when this was writen and they are only minimally discussed. Mutual funds are different from etf's in some important ways in the way they operate, but many of the strategies for choosing mutual funds will translate to etf's well.
The second half of the book covers stocks and gives both good, barebones analytic strategies for choosing investments as well as going much further in depth and really digging into the Financials, management, and other relevant aspects of what makes a company a good prospect. This really is very valuable information. There is also a small, but educational amount of information about selecting bonds in which to invest.
Information about how Morningstar rates stocks, bonds, and funds is sprinkled throughout the book, and explained in further detail in the appendices.
If you are at all interested in investing and want to get past the soundbites about "hot" stock picks, this is a great resource. It would definitely be worth tracking down.
Morningstar, please reissue this book! Publish the e-book!
This was written in 2005-06 and some of the information about trading fees is a little outdated. Luckily, trading has gotten much easier and less expensive since then! Most platforms have no fees and trading is free now. Still, the core messages concerning evaluating funds and stocks are as relevant now as they have ever been.
The first half of the book covers mutual funds. These are not as popular now as they have been in the past, but it is still very good to learn how they work, how to pick the best funds, and how to pay the least amount in fees and other expenses. ETF'S were still relatively new when this was writen and they are only minimally discussed. Mutual funds are different from etf's in some important ways in the way they operate, but many of the strategies for choosing mutual funds will translate to etf's well.
The second half of the book covers stocks and gives both good, barebones analytic strategies for choosing investments as well as going much further in depth and really digging into the Financials, management, and other relevant aspects of what makes a company a good prospect. This really is very valuable information. There is also a small, but educational amount of information about selecting bonds in which to invest.
Information about how Morningstar rates stocks, bonds, and funds is sprinkled throughout the book, and explained in further detail in the appendices.
If you are at all interested in investing and want to get past the soundbites about "hot" stock picks, this is a great resource. It would definitely be worth tracking down.
Morningstar, please reissue this book! Publish the e-book!
Displaying 1 of 1 review