I’ve spent a lot of time in the past week working with the Morningstar Premium Fund Screener, a tool used to search for mutual funds based on filtering criteria. Think of a screener as both a search engine and a pair of blinders. Not only will it help you discover new funds but it will also keep you away from funds that may post high short-term results but have a lot of inherent risks.
This screener is the best I’ve seen for mutual funds and in addition to access to Morningstar analyst reports, makes the Morningstar Premium subscription worth every penny of the $135/yr fee. If you can get a friend or two to split it with you, all the better! Think of it this way, if you have $15,000 invested in mutual funds and this subscription lets you pick up an extra 1% annually, it has more than paid for itself.
