Morningstar's Guide To Mutual Funds. 5-star Strategies For Success

E-Book Overview

* Advantages–and occasional disadvantages–of mutual funds versus other types of investments * Listings of recommended funds for virtually any investment goal, time horizon, and level of risk tolerance * In-depth explanations of expense ratios, loads, and other fund charges * Strategies for assessing a fund’s past volatility and evaluating its future risk * Diversification techniques across investments, asset classes, and subasset classes * Optimal investment strategies for meeting short-, intermediate-, and long-term goals * Key points in assessing the quality of a fund’s management

E-Book Content

Morningstar Guide to Mutual Funds ® ® Morningstar Guide to Mutual Funds 5-Star Strategies for Success Christine Benz Peter Di Teresa Russel Kinnel John Wiley & Sons, Inc. Copyright ©  by Morningstar, Inc. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section  or  of the  United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA , --, fax --, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc.,  River Street, Hoboken, NJ , --, fax --, e-mail: [email protected] Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages. For general information on our other products and services, or technical support, please contact our Customer Care Department within the United States at --, outside the United States at -- or fax --. Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic books. For more information about Wiley products, visit our web site at www.wiley.com. ISBN --- Printed in the United States of America.           Foreword W   that if you invest wisely, you can increase your wealth, but it’s easy to overlook the lessons that investing can teach us about ourselves. Money is a difficult subject to discuss. Emotions run deep when it comes to our finances, causing most of us to shy away from deep thoughts on how we save or invest. Sure, we might boast to our friends about a particular stock purchase that went through the roof, or tell tales of an IPO opportunity that got away, but we seldom speak honestly or openly about our overall financial experiences, even with those closest to us. That’s unfortunate. Ultimately, to know oneself as an investor goes a long way toward knowing oneself as a person. I know that’s
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