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Find the Right Mutual Fund: Morningstar Mutual Fund Investing Workbook, Level 1

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The founder of Morningstar used to work as an analyst for a money management firm. He left the company to start Morningstar to provide research information about mutual funds. Because of this history, the company has a tremendous amount of knowledge on the subject of mutual funds.

This book covers basic information about mutual funds such as net asset values, fund costs, taxes, investment strategies, and the fund's management. When people buy used cars, they usually have their mechanic check under the hood. This book teaches investors how to do just that but with mutual funds.

According to the book, investors should ask themselves these five questions before purchasing a mutual fund:

1. How has it performed?
2. How risky has it been?
3. What does it own?
4. Who runs it?
5. What does it cost?

At the end of each chapter, there is a quiz and worksheet. Since the book is written by Morningstar, it references the company throughout the book. Morningstar offers subscription services to individual investors who can get access to its mutual fund research. At the end of the book, the author provides other recommended readings.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market