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Morningstar's Guide to Mutual Funds: 5-Star Strategies for Success
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Editorial Reviews (Courtesy of Amazon.com)
"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 advice. 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
"There's nothing Morningstar doesn't know about mutual funds. And at last, for ready reference, there's a book. You'll find everything here you need to know about managing fund investments, inside or outside a 401(k)."
-Jane Bryant Quinn, Newsweek columnist and author of Making the Most of Your Money
"All serious mutual fund investors know that Morningstar is the source of impeccable data and sound investment advice. This book is the culmination of nearly two decades of research, analysis, and good old commonsense wisdom."
-Tyler Mathisen, financial journalist, CNBC
"Momentum investing, the hype in NASDAQ, the dot-com mania are mostly behind us. Now, we must navigate through the market debris. We need a compass as we look to allocate our financial resources in a way best suited to maintain purchasing power and fully fund retirement. The Morningstar® Guide will help investors find true north and steer a course to reach their long-term financial goals."
-Mario J. Gabelli, Chief Investment Officer
Gabelli Asset Management, a publicly traded company
"A generation of investors who took the stock market for granted now know how important it is to understand-and control-their own investments. The Morningstar® Guide should be their most important resource."
-Terry Savage, Chicago Sun-Times financial columnist and author of The Savage Truth on Money
Table of Contents (Courtesy of Barnes & Noble.com)
| Foreword | v | |
| Acknowledgments | ix | |
| Introduction | xi | |
| Part 1 | How to Pick Mutual Funds | 1 |
| Chapter 1 | Know What Your Fund Owns | 3 |
| Chapter 2 | Put Performance in Perspective | 18 |
| Chapter 3 | Understand the Risks | 27 |
| Chapter 4 | Get to Know Your Fund Manager | 39 |
| Chapter 5 | Keep a Lid on Costs | 68 |
| Part 2 | How to Find Ideas for Your Portfolio | 81 |
| Chapter 6 | Find the Right Core Stock Funds for You | 83 |
| Chapter 7 | Move Beyond the Core: Using Specialized Stock Funds | 113 |
| Chapter 8 | Find the Right Core Bond Fund for You | 134 |
| Chapter 9 | Move Beyond the Core: Using Specialized Bond Funds | 148 |
| Part 3 | How to Build a Portfolio | 159 |
| Chapter 10 | Match Your Portfolio to Your Goals | 161 |
| Chapter 11 | Put Your Portfolio Plan into Action | 169 |
| Chapter 12 | Simplify Your Investment Life | 182 |
| Chapter 13 | Be Savvy When Seeking Advice | 191 |
| Part 4 | How to Monitor Your Portfolio | 197 |
| Chapter 14 | Schedule Regular Checkups | 199 |
| Chapter 15 | Know When to Sell | 207 |
| Chapter 16 | Keep a Cool Head in Turbulent Markets | 218 |
| Part 5 | More on Mutual Funds: Frequently Asked Questions | 229 |
| Recommended Reading | 277 | |
| Other Morningstar Resources | 281 | |
| Index | 283 |