Working at SIBL has distorted my vision; I seem to have this sixth sense: I see advertising for financial services. Brokerage accounts, mutual funds, ETFs, bank accounts (online and otherwise) - everywhere. Do normal people see these?
Of course, working at SIBL also means I encounter people researching investments and other financial services topics, and have been able to steer them to, and help them with, the excellent investment related resources we have. One of these, for which I offer an executive summary below, is Morningstar Investment Research Center, available at SIBL in the library edition.
- Companies (i.e., Stocks)
- Mutual Funds
- ETFs (Exchange Traded Funds)
- Portfolio Analysis
- Market and Industry Summaries
- Educational Tools
- Articles and Videos
Features - Ratings and Recommendations:
- Analyst Reports: Available for a significant number of mutual funds and ETFs and for many companies' stocks as well.
- Star Ratings: Morningstar is known for its "Star" ratings. For mutual funds and ETFs, these ratings are based on past performance "on the curve", i.e., compared to peers. For stocks, the ratings reflect Morningstar's "opinion of the firm’s intrinsic value relative to its market price", which is found in the stock reports as the "Consider Buying" price determined by Morningstar.
- Analyst Ratings: A new feature for mutual funds is the Analyst Rating - Morningstar's opinions on funds based on their long-term potential for superior risk-adjusted performance. It consists of five levels: Gold, Silver, Bronze, Neutral, and Negative. It is still in the process of being fully implemented.
- Paper Equivalent (PDF): "Tear sheets" for mutual funds. Stock reports that include analyst comments and a one-page "tear sheet". Newsletters, reports and educational materials are also available.
- Interactive: Charts and tables can be customized and comparisons between different stocks and funds can be generated on-the-fly. Real-time (or almost real-time) quotes on traded securities. Updates to analyst reports as appropriate. Screening available for stocks, mutual funds and ETFs.
Sample Reports - these are samples only, and are not intended as investment advice:
Come visit us here at SIBL where we can get you started with the Morningstar database. For those who are unfamiliar with some of the investment concepts and terms, or simply want to learn a bit more about them, we have classes here that can help you. No advance registration is needed, and you can have pretty much unlimited time on our computers to use this and our other resources. In addition, you can access Morningstar if you bring your own laptop computer and use our wireless network.
New! Morningstar is also available at other NYPL centers: Stephen A. Schwarzman Building, Bronx Library Center, St. George Library Center. Speak to one of our colleagues there for assistance in using Morningstar at those locations.