Tuesday, December 18, 2007

Morningstar vs. Value Line?

For investors, the library has the online versions of Morningstar and Value Line. Morningstar can also be used outside the library with a library card, but Value Line restricts our license to in-library use.

Most people associate Morningstar with mutual funds, and Value Line with stocks, but both services now cover mutual funds and stocks. So why have two services? It's always great to have a second opinion, and analyst reviews may give different ratings or prospects for the same stock or fund.

Both services offer screeners for stocks and funds, but the methods are different enough so that you may prefer one service over another when it comes to screening. Value Line allows you to use a flashdrive to save your screen, if you want to retrieve the same screen or list of stocks next time you're in the library.
Morningstar has a great portfolio X-ray feature, to analyze how your portfolio is invested by sector, region, asset class, or risk level.

Give both services a try next time you're looking for investment advice.

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