Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

Buy Used
$4.24
FREE Shipping on orders over $25.
Condition: Used: Good
Comment: The item shows wear from consistent use, but it remains in good condition and works perfectly. All pages and cover are intact (including the dust cover, if applicable). Spine may show signs of wear. Pages may include limited notes and highlighting. May include "From the library of" labels.
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See this image

Fund Spy: Morningstar's Inside Secrets to Selecting Mutual Funds that Outperform Hardcover – March 9, 2009

4.4 out of 5 stars 14 customer reviews

See all 3 formats and editions Hide other formats and editions
Price
New from Used from
Kindle
"Please retry"
Hardcover
"Please retry"
$3.92 $0.01

Security
ITPro.TV Video Training
Take advantage of IT courses online anywhere, anytime with ITPro.TV. Learn more.
click to open popover

Editorial Reviews

From the Inside Flap

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.

From the Back Cover

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.

NO_CONTENT_IN_FEATURE

New York Times best sellers
Browse the New York Times best sellers in popular categories like Fiction, Nonfiction, Picture Books and more. See more

Product Details

  • Hardcover: 192 pages
  • Publisher: Wiley; 1 edition (March 9, 2009)
  • Language: English
  • ISBN-10: 0470414014
  • ISBN-13: 978-0470414019
  • Product Dimensions: 6.3 x 0.8 x 9.3 inches
  • Shipping Weight: 12.8 ounces
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (14 customer reviews)
  • Amazon Best Sellers Rank: #966,764 in Books (See Top 100 in Books)

Related Media

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.
Comment 5 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
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.
Comment 5 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
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.
Comment 3 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
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
Comment 15 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
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.
Comment 9 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
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.
Comment 7 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
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
Comment 10 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse