Fund Spy: Morningstar's Inside Secrets to Selecting Mutual Funds that Outperform Kindle Edition

4.4 out of 5 stars 14 customer reviews
ISBN-13: 978-1119110064
ISBN-10: 1119110068
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  • Length: 196 pages
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Editorial Reviews

From the Inside Flap

If you're serious about picking the right investments for yourportfolio, Fund Spy will put you on the right track.

Nobody is more familiar with mutual funds than author RusselKinnel, the Director of Mutual Fund Research for Morningstar, Inc.and Editor of Morningstar(R) FundInvestor, a monthly newsletterfor individual investors. He has spent over 15 years researchingmutual funds and meeting with the people who manage them. Now, withFund Spy, he offers unparalleled guidance that will sharpen yourinvesting skills and help you find the best funds for yourportfolio.

Filled with in-depth insights and expert advice, Fund Spy armsyou with the information needed to intelligently screen and selecta variety of funds. While both effective new strategies andtime-tested techniques are outlined throughout this reliableresource, all of the methods here will help you avoid commonmistakes and outperform the average investor.

Page by page, Fund Spy puts this process in perspective withdetailed discussion of:

How to find managers who invest millions of their own money intheir funds

Why fund expenses really matter

Using a fund's performance to understand its risk and rewardprofile, 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, Kinnelhighlights key factors that drive fund performance and writescandidly about the industry's conflicts of interest that can harminvestors.

Don't settle for high-cost, poorly run funds simply because theyfell into your portfolio or someone is touting them. Follow theguidance found in Fund Spy and you'll quickly discover what ittakes to research and buy the right funds. Three months from now, you may not see a difference, but you will see a dramaticdifference in five or 10 years, when the power of compounding hassubstantially grown your portfolio and put more money in yourpocket.

From the Back Cover

FundSpy

Morningstar's Inside Secrets to Selecting Mutual Funds that Outperform

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 life—whether 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 Kinnel—Director of Mutual Fund Research for Morningstar, Inc. and Editor of Morningstar® FundInvestor—has 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.


Product Details

  • File Size: 1690 KB
  • Print Length: 196 pages
  • Page Numbers Source ISBN: 1119110068
  • Publisher: Wiley; 1 edition (March 23, 2009)
  • Publication Date: March 23, 2009
  • Sold by: Amazon Digital Services LLC
  • Language: English
  • ASIN: B00245A49G
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Enabled
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #995,567 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Top Customer Reviews

By W. Hancock on June 27, 2011
Format: Hardcover Verified Purchase
This book helps you narrow down your list of possible mutual funds to purchase using historical data for thousands of funds over the last several years along with the experience of Morningstar's team of investors. One of the most helpful hints in the book is the free link at morningstar.com/goto/fundspy which can be used to screen potential mutual funds using the key factors described in the book. Some of these factors are subjective on the author's part, so be aware that the FundSpy tool is not based on objective data only. Personally, I think using Morningstar's Basic Fund Screener first to narrow down your list of funds to a select few followed by use of the FundSpy tool is a great way to get started, then you can dive down into the details before a final selection. Of course, this is only one person's take on mutual fund investing, but for those of you (like me) who are pressed for time, it's a helpful addition to the process of selecting funds.
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Format: Hardcover
I recently received this short read as a free promotional item offered with my subscription to Morningstar FundInvestor. I almost didn't read it, because I thought it was going to be too basic for someone who has been investing in equity mutual funds for over thirty years.
Well, I am glad I put aside that belief and spent a few hours of my time to read this well written book by Russel Kinnel. Sure it contains a lot of basics, but what is wrong with being reminded of basic fund investment advice. Every time I play golf I think of the basics of the swing. We all need to be reminded of basic investment advice.
However, this small book contains much more than basic fund investing advice. Mr. Kinnel shares with the reader his many years of experience in researching and dealing with hundreds of funds and fund advisors. He recommends funds and fund advisors although he makes the point that funds can drift from their objectives and advisors come and go, so his recommendations may change since the book was published. Mr. Kinnel doesn't pull any punches in his evaluation of funds. If the fund is a good one over the long term he says so. If the fund is a stinker, he says that as well in exactly that way. It's a STINKER!
I highly recommend this book to anyone investing in mutual funds. It contains many nuggets of wisdom and will bring your vision back to the basics of mutual fund investing.
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Format: Hardcover Verified Purchase
I am very surprised this has only 6 reviews. The book is full of useful information on how to evaluate funds, well organized, easy to read. I am taking notes from it at this moment for a report I am preparing for my own firm. I started with the kindle edition and ended up ordering the hard copy as well because I want the graphs.
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Format: Hardcover
This book is well written and, in the typical Morningstar style, makes what many fund managers want you to believe is a very complex subject, quite simple.

Mr. Kinnel separates the hype of what worked well over a couple of years from the statistically valid predictors of performance. He even gives you the odds of investing.

While I don't agree with all of Mr. Kinnel's fund selections, they are well thought out and methodically selected. Much of the mutual fund industry will hate this book, which is exactly why you should read it.

How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn
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Format: Hardcover
Morningstar has been at it for a while now and again bring out the best of information for the small investor to read with Fund Spy.With today's market roller coster moves, Kinnel offers steps for the reader to invest their hard earn money with. Also the author offers his top picks in a Morningstar method for investing in mutual funds.
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Format: Hardcover Verified Purchase
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.
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Format: Hardcover
Morningstar was founded in order to cover mutual funds. What better source to learn about mutual funds from if not the SOURCE? Mutual funds are like cars, where in order to find how they work, one has to look under the hood. This is exactly what this book is all about. Kinnel is the Director of Mutual Fund Research for Morningstar, Inc, and he teaches readers how to select the best mutual funds. Since these funds are all different, people will benefit from reading this book.

In selecting the right fund, investors should answer some questions such as:

* Is the fund manager invested in the fund with his or her personal funds?
* What is the expense ratio?
* What is the fund's strategy?

Chapter 10 includes funds that passed the author's screening criteria. They include American Funds Fundamental Investors, Fidelity Spartan Total Market Index, and Vanguard Primecap Core.

- 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
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