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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 funds
Why fund expenses really matter
Using a fund's performance to understand its risk and reward profile, as well as its behavior in different types of markets
How to find great fund managers and teams
And much more
Combining 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.
Many people spend more time researching purchases like cars and computers than they do figuring out how they will invest their money. Although buying a car or computer may be more fun, choosing the right investments can significantly impact your lifewhether it be retirement or your kids' college education.
Picking funds that will outperform their peers over the long haul may take a little time, but in the end, you'll be better off for it. That's why Russel KinnelDirector of Mutual Fund Research for Morningstar, Inc. and Editor of Morningstar® FundInvestorhas written Fund Spy. With a straightforward and accessible style, this book offers unparalleled guidance that will sharpen your investing skills and help you find the best funds for your portfolio.
With this book as your guide, you'll discover:
How knowing a fund's strategy can enable you to properly evaluate performance, adopt reasonable expectations, and build a portfolio of funds that work together
Why you want fund managers who "eat their own cooking"
The pros and cons of big no-load fund companies and broker-sold fund companies
And much more
You don't have to be a professional fund manager to succeed at this endeavor, but you do have to be prepared. Fund Spy contains proven methods that will allow you to build a portfolio of dependable funds that will prosper over the long term.
The book is full of useful information on how to evaluate funds, well organized, easy to read.
Kinnel is the Director of Mutual Fund Research for Morningstar, Inc, and he teaches readers how to select the best mutual funds.
Much of the mutual fund industry will hate this book, which is exactly why you should read it.
I decided to not buy this book because after reading excerpts from it on google I decided that Mr Kinnel's biased approach was more a sales pitch for mutual funds than it was an... Read morePublished on October 26, 2009 by Richard Knutson
Easy read, breaks mutual funds down into easy to understand pieces and if you still don't get it, Kinnel gives you his top 20 favorites.Published on September 11, 2009 by Cynthia C. Newman
Morningstar was founded in order to cover mutual funds. What better source to learn about mutual funds from if not the SOURCE? Read morePublished on August 12, 2009 by Mariusz Skonieczny
If you invest in Mutual Funds, this is one you should have in your library.Published on June 27, 2009 by Robert A. Bowen