[.ca] Morningstar Guide to Mutual Funds: 5-Star Strategies for ... (ISBN 0471471410)

Seriously misleading:
Morningstar has tremendous market power and reputation, and this book builds off that. But academic work, often published on the Internet and summarized at sites like ABetterWayToInvest, show that Morningstar ratings have no predictive value whatsoever. Doesn't that undermine this sort of book?

Very Educational:
I am trying to learn allabout the market, stocks and mutual funds. This book was one that allowed me to be a novice yet it is informative to people on all levels. My family have read it and we all go back to check out different things in the book about what is said about investing.

One long brochure for Morningstar:
The book should have been for free considering it's a big advertisement. Nothing insightful unless you have never invested before or don't know what a mutual fund is.

Good mutual fund book for beginners:
That is THE book I am looking for!!! It is very easy to read and follow for beginners like me. It provides an overall review about the whole industry, major players, popular funds, and basic strategies. It emphasizes a lot on the importance of diversifying the portofolio and how to do that. The book serves well to prevent beginners from making BIG investment mistakes. Of course, it is a MORNINGSTAR book. It is all about Morningstar methods and tools. And I discovered that most of advanced tools recommended by authors are NOT free.

Good discussion of Mutual Fund investing from the experts:
Morningstar is the recognized name in evaluating mutual funds. This book shares some of their insight. The advice is fairly straightforward and not earth-shaking: set your goals, pick an assett allocation in line with your goals and risk tolerance, diversify. From there they go into picking funds addressing such things as evaluating fund manager, looking at costs, judging past performance etc. I found the book helpful, but I am more philosophically aligned with the advice in Bogle's book (Common Sense on Mutual Funds : New Imperatives for the Intelligent Investor by John C. Bogle) that emphasizes index funds. I thinking chasing hot funds can almost be as bad as chasing hot stocks. Finally, the book deals strictly with mutual funds. Probably need a second reference to fully deal with you investment life (insurance, etc).