The Morningstar<sup> (R)</sup> Complete Investor
Practical, authoritative, and proven strategies for building wealth and winning in the market
Published on 21. October 2005
Book
Hardback
512 pages
978-0-471-77361-0 (ISBN)
Description
Complete Investor Praise for previous works by Morningstar (R)
"Successful investors know they must do their own due diligence. Morningstar has done much of that homework in this guide. Leave it to Morningstar to get it right, offering smart ways to pick, build, and monitor a portfolio. It's a commonsense guide that should grace every investor's shelf."
?Ted David CNBC Anchor
"Picking actively managed mutual funds is no mean challenge. And as the recent era
underscores, past performance is of little help. The Morningstar Guide to Mutual Funds helps cut through the fog with a solid volume of constructive information. The central message?'truly diversify, keep it simple, focus on costs, and stick with it'?is not only timeless, it is priceless."
?John C. Bogle Founder and former CEO, The Vanguard Group
"Information that could make anyone a smarter investor."
?Jeffrey R. Kossnet Kiplinger's Personal Finance magazine
"By resisting both the popular tendency to use gimmicks that oversimplify securities analysis and the academic tendency to use jargon that obfuscates common sense, Pat Dorsey has written a substantial and useful book. His methodology is sound, his examples clear, and his approach timeless."
?Christopher C. Davis Portfolio Manager and Chairman, Davis Advisors
"Successful investors know they must do their own due diligence. Morningstar has done much of that homework in this guide. Leave it to Morningstar to get it right, offering smart ways to pick, build, and monitor a portfolio. It's a commonsense guide that should grace every investor's shelf."
?Ted David CNBC Anchor
"Picking actively managed mutual funds is no mean challenge. And as the recent era
underscores, past performance is of little help. The Morningstar Guide to Mutual Funds helps cut through the fog with a solid volume of constructive information. The central message?'truly diversify, keep it simple, focus on costs, and stick with it'?is not only timeless, it is priceless."
?John C. Bogle Founder and former CEO, The Vanguard Group
"Information that could make anyone a smarter investor."
?Jeffrey R. Kossnet Kiplinger's Personal Finance magazine
"By resisting both the popular tendency to use gimmicks that oversimplify securities analysis and the academic tendency to use jargon that obfuscates common sense, Pat Dorsey has written a substantial and useful book. His methodology is sound, his examples clear, and his approach timeless."
?Christopher C. Davis Portfolio Manager and Chairman, Davis Advisors
More details
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Illustrations
Charts: 120 B&W, 0 Color
Dimensions
Height: 244 mm
Width: 163 mm
Thickness: 33 mm
Weight
726 gr
ISBN-13
978-0-471-77361-0 (9780471773610)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
CHRISTINE BENZ is Editor of Morningstar (R) Mutual Funds, a bimonthly publication, and Morningstar (R) Funds 500, 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.
Content
Introduction. PART ONE: MUTUAL FUNDS.
Chapter 1: Know What Your Fund Owns.
Chapter 2: Put Performance in Perspective.
Chapter 3: Understand the Risks.
Chapter 4: Get to Know Your Fund Manager.
Chapter 5: Keep a Lid on Costs.
Chapter 6: Find the Right Core Stock Funds for You.
Chapter 7: Move Beyond the Core: Using Specialized Stock Funds.
Chapter 8: Find the Right Core Bond Fund for You.
Chapter 9: Move Beyond the Core: Using Specialized Bond Funds.
Chapter 10: Match Your Portfolio to Your Goals.
Chapter 11: Put Your Portfolio Plan into Action.
Chapter 12: Simplify Your Investment Life.
Chapter 13: Be Savvy When Seeking Advice.
Chapter 14: Schedule Regular Checkups.
Chapter 15: Know When to Sell.
Chapter 16: Keep a Cool Head in Turbulent Markets.
PART TWO: STOCKS.
Chapter 17: Making Room for Stocks.
Chapter 18: The Five Rules for Successful Stock Investing.
Chapter 19: Seven Mistakes to Avoid.
Chapter 20: Economic Moats.
Chapter 21: The Language of Investing.
Chapter 22: Financial Statements Explained.
Chapter 23: Analyzing a Company-The Basics.
Chapter 24: Analyzing a Company-Management.
Chapter 25: Avoiding Financial Fakery.
Chapter 26: Valuation-The Basics.
Chapter 27: Valuation-Intrinsic Value.
Chapter 28: Putting It All Together.
Chapter 29: The 10-Minute Test.
Chapter 30: A Guided Tour of the Market.
Appendix 1.
1. How Does the Morningstar Rating for Mutual Funds Work?
Important Things to Remember When Using the Rating.
2. What Should I Do When My Fund Loses a Star?
3. How Does Morningstar's Style Box Work?
4. How Do I Buy My First Fund?
5. What Should I Do When My Fund Manager Leaves?
6. Should I Buy a Rookie Fund?
7. Should I Buy a Fund That's Closing?
8. Should I Buy a Fund That's Doing Really Well?
9. Should I Buy a Fund That's in the Dumps?
10. What Should I Do If My Fund Owns a Stock That Creates Headlines?
11. How Can I Pay Less in Taxes?
12. How Can I Determine Whether a Fund Is Best for a Taxable Account or a Tax-Sheltered Account?
13. How Can I Find the Best Fund Supermarket?
14. How Do I Read a Fund's Prospectus?
15. What Do I Need to Know About the Statement of Additional Information?
16. How Do I Read a Fund's Shareholder Report?
Appendix 2.
Recommended Readings.
Morningstar Resources.
Index.
Chapter 1: Know What Your Fund Owns.
Chapter 2: Put Performance in Perspective.
Chapter 3: Understand the Risks.
Chapter 4: Get to Know Your Fund Manager.
Chapter 5: Keep a Lid on Costs.
Chapter 6: Find the Right Core Stock Funds for You.
Chapter 7: Move Beyond the Core: Using Specialized Stock Funds.
Chapter 8: Find the Right Core Bond Fund for You.
Chapter 9: Move Beyond the Core: Using Specialized Bond Funds.
Chapter 10: Match Your Portfolio to Your Goals.
Chapter 11: Put Your Portfolio Plan into Action.
Chapter 12: Simplify Your Investment Life.
Chapter 13: Be Savvy When Seeking Advice.
Chapter 14: Schedule Regular Checkups.
Chapter 15: Know When to Sell.
Chapter 16: Keep a Cool Head in Turbulent Markets.
PART TWO: STOCKS.
Chapter 17: Making Room for Stocks.
Chapter 18: The Five Rules for Successful Stock Investing.
Chapter 19: Seven Mistakes to Avoid.
Chapter 20: Economic Moats.
Chapter 21: The Language of Investing.
Chapter 22: Financial Statements Explained.
Chapter 23: Analyzing a Company-The Basics.
Chapter 24: Analyzing a Company-Management.
Chapter 25: Avoiding Financial Fakery.
Chapter 26: Valuation-The Basics.
Chapter 27: Valuation-Intrinsic Value.
Chapter 28: Putting It All Together.
Chapter 29: The 10-Minute Test.
Chapter 30: A Guided Tour of the Market.
Appendix 1.
1. How Does the Morningstar Rating for Mutual Funds Work?
Important Things to Remember When Using the Rating.
2. What Should I Do When My Fund Loses a Star?
3. How Does Morningstar's Style Box Work?
4. How Do I Buy My First Fund?
5. What Should I Do When My Fund Manager Leaves?
6. Should I Buy a Rookie Fund?
7. Should I Buy a Fund That's Closing?
8. Should I Buy a Fund That's Doing Really Well?
9. Should I Buy a Fund That's in the Dumps?
10. What Should I Do If My Fund Owns a Stock That Creates Headlines?
11. How Can I Pay Less in Taxes?
12. How Can I Determine Whether a Fund Is Best for a Taxable Account or a Tax-Sheltered Account?
13. How Can I Find the Best Fund Supermarket?
14. How Do I Read a Fund's Prospectus?
15. What Do I Need to Know About the Statement of Additional Information?
16. How Do I Read a Fund's Shareholder Report?
Appendix 2.
Recommended Readings.
Morningstar Resources.
Index.