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Fund Spy: Morningstar's Inside Secrets to Selecting Mutual Funds that Outperform |  | Author: Russel Kinnel Publisher: Wiley Category: Book
List Price: $24.95 Buy New: $14.13 as of 11/28/2009 00:12 CST details You Save: $10.82 (43%)
New (35) Used (14) from $12.75
Seller: indoobestsellers Rating: 6 reviews Sales Rank: 122724
Media: Hardcover Pages: 176 Number Of Items: 1 Shipping Weight (lbs): 0.8 Dimensions (in): 9.1 x 6.1 x 0.9
ISBN: 0470414014 Dewey Decimal Number: 332 EAN: 9780470414019 ASIN: 0470414014
Publication Date: March 9, 2009 Availability: Usually ships in 1-2 business days
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Product Description Author Russel Kinnel walks readers through the handful of key factors they need to pick winning funds. Armed with the quantitative data and qualitative research, they will gain the confidence to pick great funds for the long-term. This book will be accompanied by a web-based tool created by Morningstar, which will enable readers to evaluate their own funds using Kinnel's criteria. Written in a fun and accessible manner, The Fund Spy offers Kinnel's unique insight as a 14-year Morningstar fund analyst. He speaks plainly about the conflicts that can go against investors' interests, explaining how to avoid traps and push out the slick sales pitches facing today's investors. He also offers several "10 lists," which provide quick answers to investors' most common questions (e.g., the Top 10 Funds to Recommend to Relatives, the 10 Best Contrarian Managers, the 10 Most Overrated Managers).
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Showing reviews 1-5 of 6
Fund Spy October 26, 2009 Richard Knutson 8 out of 16 found this review helpful
I decided to not buy this book because after reading excerpts from it on google I decided that Mr Kinnel's biased approach was more a sales pitch for mutual funds than it was an investment guide. For instance under his 10 reasons to buy a mutual fund He states that diversification is better in a Mutual Fund than an individual can get. I think a truer statement would be that the concept of mutual funds makes it possible to get more diversification than an investor might get on his/her own. Actual diversification would depend on the funds mandate as well as the managements ability to invest.
He then states that funds have greater tansparency than any other managed account.
This would seem to be an overstatement since I doubt that Mr.Kinnel has audited all managed accounts and he does not state what he bases his opinion on. I know of no study that would back up his statement.
I could go on about his overstatements and obvious misstatements such as, getting in and out of a fund every day at net asset vailue, until I had a book written, but that is not my intent.
I think his book is a thinly veiled sales pitch and is of little use as an investment guide.
Good, easy read for those not necessarily investment savvy September 11, 2009 Cynthia C. Newman (Houston, TX) 8 out of 14 found this review helpful
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.
Morningstar is the best source of mutual fund information August 13, 2009 Mariusz Skonieczny (ClassicValueInvestors.blogspot.com) 10 out of 16 found this review helpful
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
Investing June 28, 2009 Robert A. Bowen (Hammond, LA) 6 out of 16 found this review helpful
If you invest in Mutual Funds, this is one you should have in your library.
Morningstar Fund Spy June 12, 2009 Dr Adam Weiss (Buffalo Grove,IL.) 10 out of 16 found this review helpful
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.
Showing reviews 1-5 of 6
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